ABA: Joint Bank Trade Statement Issued on Free and Fair Banking Executive Order
The American Bankers Association, Bank Policy Institute, Consumer Bankers Association and Financial Services Forum issued a statement today responding to President Donald Trump’s Executive Order to promote access to financial services in America. “Today’s Executive Order helps ensure all consumers and businesses are treated fairly, a goal the nation’s banks share with the Administration. It’s in…
HUD: Secretary Turner Applauds President Trump’s Executive Order on Homelessness
U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner applauded President Trump’s Executive Order (EO), “Ending Crime and Disorder on America’s Streets.” The EO restores accountability to homelessness programs by ensuring Americans suffering from severe mental illness or addiction get treatment to support recovery and self-sufficiency. By taking action to redirect federal resources…
Federal Bank Regulatory Agencies Seek Further Comment on Interagency Effort to Reduce Regulatory Burden
The federal bank regulatory agencies today announced their fourth notice requesting public comment to reduce regulatory burden. The Economic Growth and Regulatory Paperwork Reduction Act requires the agencies to review their regulations at least once every 10 years to identify outdated, unnecessary, or unduly burdensome regulatory requirements for their supervised institutions. To facilitate this review,…
Agencies Issue Joint Proposal to Rescind 2023 Community Reinvestment Act Final Rule
Federal bank regulatory agencies today jointly issued a proposal to rescind the Community Reinvestment Act (CRA) final rule issued in October 2023 and replace it with the prior CRA regulations that were originally adopted by the agencies in 1995, with certain technical amendments. If adopted, the proposal would restore certainty in the CRA framework for…
FDIC: Board of Directors Approve Notice of Proposed Rulemaking on the Establishment and Relocation of Branches and Offices
The Federal Deposit Insurance Corporation (FDIC) Board of Directors today approved a notice of proposed rulemaking to streamline the processes for the establishment and relocation of domestic branches and offices. The proposed rule is intended to improve the speed and certainty of, and reduce the regulatory burden associated with, the filing process under 12 CFR…
FDIC: Agency Proposes Regulatory Threshold Adjustments and Indexing to Reflect Inflation for Certain Regulations
The Federal Deposit Insurance Corporation (FDIC) Board of Directors today approved a notice of proposed rulemaking (NPR) that would update certain regulatory thresholds to reflect historical inflation, including those under 12 CFR part 363 related to annual independent audit and reporting requirements, and adjust those thresholds in the future based on a proposed indexing methodology. FDIC…
Agencies Issue Joint Statement on Risk-Management Considerations for Crypto-Asset Safekeeping
Federal bank regulatory agencies today issued a joint statement in their continued efforts to provide clarity on banks’ engagement in crypto-asset-related activities. The statement highlights for banks potential risk-management considerations related to holding crypto-assets on their customers’ behalf, or crypto-asset safekeeping. The joint statement discusses existing risk-management principles that apply to crypto-asset safekeeping and reminds…
OCC: References to Disparate Impact Removed from OCC “Fair Lending” Booklet and No Longer Included in Examinations
The Office of the Comptroller of the Currency (OCC) has removed references to supervising banks1 for disparate impact liability from the “Fair Lending” booklet of the Comptroller’s Handbook and has commenced removing references in other issuances. Concurrently, the OCC has instructed its examiners that they should no longer examine for disparate impact. Note for Community Banks The OCC’s…
HUD: Home Appraisal Process Streamlined Through Termination of PAVE Task Force Policies
Termination of DEI PAVE task force policies will improve efficiency, reduce regulatory burden, and expand access to homeownership U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner and Acting Administrator of the Office of Information and Regulatory Affairs (OIRA) at the Office of Management and Budget (OMB) Jeffrey Clark announced the termination of…
Agencies Release 2025 List of Distressed and Underserved Nonmetropolitan Middle-Income Geographies
Federal bank regulatory agencies today released the 2025 list of distressed or underserved nonmetropolitan middle-income geographies where certain bank activities are eligible for Community Reinvestment Act (CRA) credit. Under the CRA, the agencies assess a bank’s record of meeting the credit needs of its entire community, including low- and moderate-income neighborhoods, consistent with safe and…