Industrial banks or industrial loan companies (ILCs)—FDIC-insured banks chartered by certain states, notably Utah—have long been a niche component of the U.S. financial system. These institutions may be owned by commercial...more
7/25/2025
/ Bank Holding Company Act ,
Banking Sector ,
Banks ,
FDIC ,
Financial Institutions ,
Financial Services Industry ,
FinTech ,
Lenders ,
Regulatory Reform ,
Regulatory Requirements ,
Risk Management
On July 5, 2025, the FDIC finalized (and published in the Federal Register) its decision to rescind its 2024 Bank Merger Statement of Policy and reinstate its prior, long-standing version. We previously covered the proposed...more
During the final hours of the Biden Administration, the Consumer Financial Protection Bureau (CFPB) released several rules and proposed rules and was in active litigation defending its earlier rules. We created this quick...more
7/1/2025
/ Biden Administration ,
Consumer Financial Protection Bureau (CFPB) ,
Enforcement Actions ,
Final Rules ,
Financial Regulatory Reform ,
Litigation Strategies ,
New Regulations ,
Popular ,
Proposed Rules ,
Regulatory Agenda ,
Regulatory Reform
While tariff policy has captured headlines, four recent regulatory reform policy developments are nevertheless significant for the financial services industry. These developments are tied to increasing presidential control...more
4/16/2025
/ Administrative Procedure Act ,
Banks ,
Cryptocurrency ,
Department of Justice (DOJ) ,
Executive Orders ,
Financial Institutions ,
Financial Regulatory Reform ,
Popular ,
Regulatory Reform ,
Repeal ,
Tariffs ,
Trump Administration ,
U.S. Treasury
Treasury Secretary Scott Bessent, the then-acting director of the Consumer Financial Protection Bureau (CFPB), emailed staff on February 3 directing employees to cease all rulemaking activities, delay the implementation of...more
The FDIC has signaled the reversal of key, controversial proposals from 2024. In doing so, it has provided welcome clarity on important areas that implicate banks of various sizes and charter types, allowing banks to focus on...more
3/5/2025
/ Advertising ,
Banks ,
Brokered Deposits ,
CBCA ,
Compliance ,
Corporate Governance ,
Dodd-Frank ,
FDIC ,
Federal Reserve ,
Financial Institutions ,
Mergers ,
OCC ,
Proposed Rules ,
Regulatory Agenda ,
Regulatory Reform
Trump Administration continues aggressive use of Executive Orders to assert Article II powers.
Latest EO will require one of the most extensive regulatory reviews ever....more
Treasury Secretary Scott Bessent, who is currently serving as the acting director of the Consumer Financial Protection Bureau (CFPB), emailed staff on Monday directing employees to cease all rulemaking activities and delay...more