Federal Reserve Governor Michelle Bowman formally began her term as the third Fed vice chair for supervision today. Fed Chairman Jerome Powell swore her in to a four-year term ending in 2029. A former state bank supervisor and community bank executive, Bowman has been a Fed governor since 2018, appointed to fill the seat designated for an individual with community banking experience. Committed to representing community banks’ voice at the Fed, she has spoken at every ABA Conference for Community Bankers since her arrival at the Fed.
FCC grants ABA-requested extension of ‘revoke all’ rule’s effective date
The FCC issued an order extending the effective date of the “revoke all” rule from April 11, 2026, to Jan. 31, 2027. Under the revoke all rule, a bank or other business is required to treat a consumer’s...










