July 25, 2024- The Federal Reserve Board, Federal Deposit Insurance Corporation, and Office of the Comptroller of the Currency issued a statement reminding banks of potential risks associated with third-party arrangements...more
May 31, 2024 - The Federal Reserve Board, Federal Deposit Insurance Corporation, and Office of the Comptroller of the Currency jointly issued updated host state loan-to-deposit ratios that are used to evaluate compliance...more
May 15, 2024- The U.S. House Committee on Financial Services held a hearing entitled, “Oversight of Prudential Regulators.” The Committee heard testimony from: the Honorable Michael Barr, Vice Chairman for Supervision,...more
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated one Russian individual and three Russia-based companies involved in an attempted sanctions evasion scheme in which an opaque and complex...more
April 15, 2024 - The Federal Reserve Bank of New York published the April 2024 Empire State Manufacturing Survey. April 15, 2024- The Federal Reserve Bank of New York released the SCE Labor Market Survey results for...more
February 21, 2024- The Federal Reserve Bank of New York published the Empire State Manufacturing Survey supplemental report entitled, "Businesses Expect Costs, Prices, Wages, and Inflation to Continue Moderating."...more
Bipartisan, Bicameral Congressional Review Act resolution addressing Securities and Exchange Commission Staff Accounting Bulletin 121 Introduced- A resolution invoking the Congressional Review Act was introduced to...more
January 1, 2024- The U.S. Department of the Treasury's Financial Crimes Enforcement Network began accepting beneficial ownership information reports. January 2, 2024- The Office of the Comptroller of the Currency released...more
December 19, 2023- U.S. House Committee on Financial Services Chair Patrick McHenry (R-NC), Representative Warren Davidson (R-OH), Senator Rick Scott (R-FL), and Senator Mike Rounds (R-SD) led 76 of their colleagues in...more
December 18, 2023- The Federal Deposit Insurance Corporation issued an advisory to reemphasize the importance of strong capital, appropriate credit loss allowance levels, and robust credit risk-management practices for...more
December 14, 2023 - FSOC Issues Annual Report- The Financial Stability Oversight Council released its 2023 annual report reviewing financial market developments, describing potential emerging threats to U.S. financial...more
December 7, 2023- U.S. Senate Committee on Banking, Housing, and Urban Affairs Ranking Member Tim Scott (R-S.C.) and Banking Committee Republicans are calling on Federal Deposit Insurance Corporation Chairman Martin...more
November 22, 2023- The Federal Reserve Board, Federal Deposit Insurance Corporation, and Office of the Comptroller of the Currency announced that they will extend until January 16, 2024, the comment period on their...more
November 21, 2023- The U.S. Department of the Treasury, through the Financial Crimes Enforcement Network (FinCEN), the Office of Foreign Assets Control (OFAC), and IRS Criminal Investigation (CI), has settled with Binance...more
November 20, 2023- The Department of Financial Protection and Innovation announced it is seeking public comment prior to engaging in formal rulemaking for the new Digital Financial Assets Law, which was signed into law by...more
November 15, 2023- U.S. House Committee on Financial Services Chair Patrick McHenry (R-NC), and Senator Cynthia Lummis (R-WY) led a letter with a bipartisan group of colleagues to the prudential regulators—the Office of...more
November 8, 2023- The U.S. House Committee on Small Business held a hearing entitled, "Burdensome Regulations: Examining the Effects of Department of Energy Regulations on America's Job Creators."...more
November 6, 2023- The Bank of England, Prudential Regulation Authority, and UK Financial Conduct Authority published their proposed approach to innovation in payments, money and money-like instruments. The proposals are...more
October 26, 2023- The U.S. Senate Committee on Banking, Housing and Urban Affairs held a hearing entitled, "Combating the Networks of Illicit Finance and Terrorism." October 26, 2023- The U.S. House Committee on...more
October 20, 2023- The Federal Reserve Board, Federal Deposit Insurance Corporation, and Office of the Comptroller of the Currency are extending until January 16, 2024, the comment period on their large bank capital...more
October 19, 2023- The Consumer Financial Protection Bureau proposed a rule that would accelerate a shift toward open banking, where consumers would have control over data about their financial lives and would gain new...more
October 17, 2023- Senior officials from the Federal Reserve Board, Bank of England, Federal Deposit Insurance Corporation, Commodity Futures Trading Commission, and Securities and Exchange Commission convened a hybrid...more
September 25, 2023- The Federal Reserve Bank of Boston Research Department published a working paper entitled, "Lease Expirations and CRE Property Performance." September 25, 2023- FINRA published an election notice...more
September 19, 2023- The U.S. House Committee on Financial Services Subcommittee on Capital Markets held a hearing entitled, "Oversight of the SEC's Division of Investment Management."...more
September 12, 2023- The U.S. Senate Committee on Banking, Housing, and Urban Affairs held a hearing entitled, "Oversight of the U.S. Securities and Exchange Commission."...more