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
The federal banking agencies have announced their intent to issue a proposal to rescind the Community Reinvestment Act (CRA) final rule originally issued in October 2023. In their announcement on March 28, the agencies also...more
3/31/2025
/ Banking Regulators ,
Banks ,
Community Reinvestment Act ,
Consumer Protection Laws ,
Cryptocurrency ,
FDIC ,
Federal Reserve ,
Mergers ,
OCC ,
Regulatory Reform ,
State Attorneys General
Headlines 1. Supreme Court Upholds the Constitutionality of the CFPB’s Funding Structure The Supreme Court has ruled that the statutory authorization that allows the CFPB to draw funds from the earnings of the Federal Reserve...more
5/31/2024
/ Banking Sector ,
Banks ,
Buy Now Pay Later (BNPL) ,
Closing Costs ,
Community Reinvestment Act ,
Consumer Financial Protection Bureau (CFPB) ,
Credit Cards ,
Fair Credit Reporting Act (FCRA) ,
FDIC ,
Fees ,
Financial Institutions ,
Financial Services Industry ,
Incentive Compensation ,
Mortgages ,
Natural Disasters ,
Relief Measures ,
Third-Party Risk ,
Truth in Lending Act (TILA)
The CFPB has issued a policy statement that provides an analytical framework for identifying what constitutes an abusive act or practice under the Consumer Financial Protection Act of 2010 (CFPA). The new guidance published...more
4/30/2024
/ Artificial Intelligence ,
Bank Merger Act ,
Banking Sector ,
Climate Change ,
Comment Period ,
Community Reinvestment Act ,
Congressional Review Act ,
Consumer Financial Products ,
Consumer Financial Protection Act (CFPA) ,
Consumer Financial Protection Bureau (CFPB) ,
Customer Identification Program (CIP) ,
Disclosure Requirements ,
FDIC ,
Financial Services Industry ,
FinCEN ,
OCC ,
Policy Statement ,
Securities and Exchange Commission (SEC) ,
State Attorneys General
The SEC has issued a controversial 886-page final rule imposing climate-related disclosure requirements on publicly traded companies, including banking organizations, which will require them to include certain climate-related...more
3/29/2024
/ Banking Regulators ,
Banking Sector ,
Banks ,
Climate Change ,
Community Reinvestment Act ,
Compliance ,
Consumer Financial Protection Act (CFPA) ,
Consumer Financial Protection Bureau (CFPB) ,
Credit Cards ,
Disclosure Requirements ,
FDIC ,
Late Fees ,
Mergers ,
Proposed Amendments ,
Publicly-Traded Companies ,
Securities and Exchange Commission (SEC) ,
Statutory Violations ,
Truth in Lending Act (TILA)
The federal banking agencies have jointly issued a final rule that will modify how examiners assess compliance with the Community Reinvestment Act (CRA). Among other changes to the CRA regulations announced on October 24, the...more
10/31/2023
/ Banking Sector ,
Climate Change ,
Community Reinvestment Act ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Lenders ,
Data Security ,
Data-Sharing ,
Department of Justice (DOJ) ,
FDIC ,
Financial Institutions ,
Financial Services Industry ,
Governance Standards ,
Lenders ,
Proposed Rules ,
Risk Management ,
Warning Letters
Federal Banking Agencies Issue CRA Modernization Proposal The federal banking agencies have jointly issued a proposed rule that would modernize their regulations that implement the Community Reinvestment Act (the “CRA”). The...more
5/31/2022
/ Banking Sector ,
Community Development ,
Community Reinvestment Act ,
Compliance ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Protection Laws ,
Cryptocurrency ,
Deposit Insurance ,
Final Rules ,
Irrevocable Trusts ,
Mobile Banking ,
Mortgage Servicers ,
New Guidance ,
OCC ,
Revocable Trusts ,
Trusts