FDIC Budget, Headcount to Increase in 2021

Acting Chairman Travis Hill promised to ditch recent changes to the FDIC’s process for reviewing proposed bank mergers and to rescind “problematic” Biden-era proposed rules, such as those on brokered deposits and corporate governance.

The Senate Banking Committee voted 16-11 to advance the nomination of Scott Bessent as Treasury secretary. The nomination now heads to the full Senate for confirmation.

President Trump rescinded a 2023 executive order directing federal agencies to possibly draft new rules governing the use of AI and a 2021 order seeking more disclosure of financial risks linked to climate change.

Travis Hill will be acting FDIC chairman; David Lebryk will lead Treasury until Scott Bessent's confirmation.

Indexing regulatory thresholds to inflation by default can keep expenses down for businesses — and their clients.

The U.S. government will begin using “extraordinary measures” on Tuesday, Jan. 21, to avoid hitting the debt limit, outgoing Treasury Secretary Janet Yellen said today in a letter to House Speaker Mike Johnson.