Gould touts OCC debanking moves, reassures on stablecoin
Comptroller of the Currency Jonathan Gould emphasized the Trump administration’s recent “clarifications and changes to our existing policies” addressing charges...
Policy
Senate Banking Committee advances Miran nomination
The Senate Banking Committee voted 13-11 to advance the nomination of economist Stephen Miran for an open seat on the...
Court issues injunction against removal of Cook from Fed board
A federal court issued a preliminary injunction against President Trump's removal of Federal Reserve Governor Lisa Cook from the Fed...
ABA’s Carney shares proposals for financial regulation reform
In testimony before House lawmakers, ABA EVP Hugh Carney outlined four key policy recommendations aimed at making financial regulations “more...
FinCEN director questioned by lawmakers on regulatory burden, BOI collection
During a congressional hearing, House Republicans said onerous data collection requirements have redirected resources away from FinCEN’s core mission of...
OCC signals openness for de novo bank formation, mergers, stablecoin issuers
The OCC announced it has elevated its chartering and licensing function to signal support for the creation of new banks...
OCC releases guidance on preventing debanking
The OCC issued two bulletins for financial institutions “to eliminate politicized or unlawful debanking in the federal banking system.”
ABA-backed bill to ban abusive trigger leads signed into law
President Trump signed into law a bill prohibiting credit reporting firms from selling mortgage applicant information to lenders who then...
ABA DataBank: Trade policy weighs on shipping rates
China–U.S. West Coast spot rates are down 68% from June, signaling an earlier, truncated peak season. Importers are pulling back...
Fed nominee Miran stresses central bank independence
Independence of monetary policy is a critical element for the Federal Reserve’s success, economist Stephen Miran said during his nomination...
