Travis Hill on the future of regulatory policy at the FDIC

The National Credit Union Administration should coordinate with the banking agencies to ensure that Genius Act implementation is substantially similar among all federal payment stablecoin regulators, the American Bankers Association and three other banking sector associations said.

In a new letter, ABA cited several concerns about the OCC’s recent revisions to its standards for designating minority deposit institutions, saying the changes create uncertainty for institutions seeking to qualify or maintain MDI designation.

A proposed bill to tailor bank regulation and boost de novo bank formation would promote economic growth in communities across the country, ABA and 52 state bankers associations said in a joint letter to House leaders.

Restrictions on credit card rates and overdraft protection fees ultimately hurt the people they are meant to protect by limiting credit access and driving consumers to unregulated entities, Senate Banking Committee Chair Tim Scott (R-S.C.) and CFPB Acting...

Risk leaders must build relationships, credibility and trust at the bank so their input is valued.

Congress should enact legislation to better define “unfair, deceptive, or abusive acts or practices” to avoid abuses by future regulators, and to fund the CFPB through congressional appropriation to make it more responsive to elected officials, CFPB Acting...