Report: FDIC halts plan to hire new examiners
The FDIC has rescinded job offers to more than 200 new examiners because of a government-wide hiring freeze implemented by...
Policy
Bessent confirmed as Treasury secretary
The Senate voted 68-29 to confirm Scott Bessent as Treasury secretary, with Republicans and some Democrats voting in favor of...
Survey: Financial institution executives dubious about CFPB’s data-sharing rule
Roughly a third of bank and credit union executives believe the CFPB’s financial data sharing rule won’t benefit their institutions...
ABA: Nature-related disclosures are no basis for regulation
Reiterating its opposition to forcing banks to lend to designated favored entities, ABA submitted comments related to proposals on voluntary...
Trump orders creation of AI ‘action plan’
President Trump directed his administration to develop an “action plan” to advance the development and implementation of artificial intelligence technologies...
Supreme Court lifts barrier to beneficial ownership information collection
The U.S. Supreme Court ordered a stay of a nationwide injunction preventing enforcement of the Corporate Transparency Act and its...
SEC repeals controversial crypto accounting rules for banks
The SEC issued a staff accounting bulletin reversing a previous bulletin that changed how banks and other publicly traded entities...
White House orders review of regulations affecting crypto sector
President Trump issued an executive order creating a new working group to review regulation of the crypto asset sector and...
ABA backs bill to promote new bank creation
ABA endorsed legislation to spur the creation of new banks by easing federal capital requirements during their first few years...
GAO: Systemic risk exception for 2023 bank failures likely prevented further instability
The 2023 decision by banking regulators to invoke a systemic risk exemption to protect uninsured deposits following the Silicon Valley...
