“Fair access” banking laws, at the epicenter of the debates between ESG and “anti-woke” regulation and federal/state preemption, may see a resurgence under the incoming administration.
In recent years, the landscape of...more
1/8/2025
/ Banking Sector ,
Biden Administration ,
Compliance ,
Consumer Protection Laws ,
Dodd-Frank ,
Environmental Social & Governance (ESG) ,
Fair Access to Credit ,
Fair Lending ,
Financial Institutions ,
Financial Regulatory Reform ,
OCC ,
Preemption ,
Regulatory Agenda ,
Regulatory Freeze ,
State and Local Government ,
Trump Administration
The rule aims to reduce market concentration by guaranteeing consumer access to personal financial data, but faces strident criticism and immediate legal challenge....more
10/30/2024
/ Consumer Data Requests ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Depository Institutions ,
Dodd-Frank ,
Final Rules ,
Financial Institutions ,
Financial Services Industry ,
FinTech ,
Open Banking ,
Personal Data ,
Sensitive Personal Information
The centralized repository would assist the CFPB and law enforcement in detecting patterns of misbehavior and recidivism adversely affecting consumers.
On June 3, 2024, the Consumer Financial Protection Bureau (CFPB)...more
The proposal seeks to make executive compensation arrangements more sensitive to risk and would require complex risk management programs to ensure compliance....more
5/30/2024
/ Dodd-Frank ,
Executive Compensation ,
FDIC ,
FHFA ,
Financial Services Industry ,
Incentive Compensation ,
NCUA ,
NPRM ,
OCC ,
Proposed Rules ,
Risk Management
The Proposal clarifies the FDIC’s bank merger approval process but may prove challenging for new large bank consolidations with the FDIC as the primary regulator.
On March 21, 2024, the Board of Directors of the Federal...more
4/4/2024
/ AML/CFT ,
Anti-Competitive ,
Anti-Money Laundering ,
Anti-Monopoly ,
Bank Merger Act ,
Bank Secrecy Act ,
Banks ,
Community Reinvestment Act ,
Dodd-Frank ,
FDIC ,
Industry Consolidation ,
Merger Reviews ,
Mergers ,
Policy Statement ,
Proposed Amendments ,
Public Comment ,
Risk Assessment
Governor Bowman calls for transparent supervisory expectations and attention to the consequences of regulatory reform on the broader financial system.
On June 25, 2023, US Federal Reserve Board (FRB) Governor Michelle W....more
7/6/2023
/ Banking Crisis ,
Capital Requirements ,
Dodd-Frank ,
EGRRCPA ,
Emerging Technologies ,
Federal Reserve ,
Financial Regulatory Reform ,
Information Reports ,
Liquidity ,
Prudential Standards ,
Regulatory Reform
In contrast with the White House’s position, the Vice Chairman denied that loosened Dodd-Frank rules contributed to the recent bank failures.
On April 12, 2023, Federal Deposit Insurance Corporation (FDIC) Vice Chairman...more
4/20/2023
/ Banking Regulators ,
Banks ,
Biden Administration ,
Dodd-Frank ,
EGRRCPA ,
FDIC ,
Federal Reserve ,
Insolvency ,
Interest Rates ,
Online Banking ,
Securities ,
Silicon Valley ,
Social Networks ,
Stress Tests ,
Technology Sector ,
U.S. Treasury
President Biden is calling for tougher standards and supervision for large regional banks in the wake of recent instability in the US banking sector.
On March 30, 2023, the White House issued a Fact Sheet calling on the...more
4/4/2023
/ Banks ,
Biden Administration ,
Deregulation ,
Dodd-Frank ,
FDIC ,
Financial Institutions ,
FRB ,
OCC ,
Regulatory Agenda ,
Relief Measures ,
Trump Administration