In the wake of the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act), the federal banking agencies have issued joint guidance to provide clarity on supervisory expectations for banks that...more
8/1/2025
/ Appeals ,
Banking Sector ,
Community Reinvestment Act ,
Cryptoassets ,
Cybersecurity ,
Disparate Impact ,
Fair Lending ,
FDIC ,
LIHTC ,
New Legislation ,
OCC ,
Proposed Rules ,
Regulatory Burden ,
Regulatory Oversight ,
Regulatory Standards ,
Risk Management
On July 18, 2025, President Trump signed into law the Guiding and Establishing National Innovation for U.S. Stablecoins Act (the “GENIUS Act”), after it passed both the U.S. Senate by a vote of 68-30 and the U.S. House in a...more
7/21/2025
/ Banking Sector ,
Banks ,
Cryptocurrency ,
Deposit Accounts ,
Digital Assets ,
Federal Reserve ,
Financial Institutions ,
Financial Services Industry ,
New Legislation ,
Nonbank Firms ,
Payment Systems ,
Popular ,
Regulatory Oversight ,
Regulatory Requirements ,
Risk Assessment ,
Stablecoins
The Federal Reserve has announced that the agency will no longer assess reputational risk when examining banks’ risk management processes. According to the June 23 announcement, the Federal Reserve has already begun reviewing...more
6/30/2025
/ Banking Sector ,
FDIC ,
Federal Reserve ,
Financial Institutions ,
FinCEN ,
Fraud ,
Guidance Update ,
Internal Controls ,
Leverage Ratio ,
OCC ,
Preemption ,
Reputational Injury ,
Risk Management ,
Small Business ,
Small Business Loans ,
Supervision
The Federal Reserve has announced multiple decisions to rescind existing requirements for crypto-asset activities. The April 24 announcement included the rescission of a 2022 supervisory letter that required state member...more
4/28/2025
/ Bank Resolution Scheme ,
Banking Sector ,
Cryptoassets ,
Cryptocurrency ,
Digital Assets ,
Enforcement Priorities ,
FDIC ,
Federal Reserve ,
Financial Institutions ,
FinTech ,
OCC ,
Overdraft Fees ,
Payday Loans ,
Regulatory Reform ,
Regulatory Requirements ,
SBA ,
SBA Lending Programs ,
Securities and Exchange Commission (SEC) ,
Underwriting