August 9, 2024 - The U.S. Department of the Treasury, Federal Reserve Board, Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency, Securities and Exchange Commission, Commodity Futures Trading...more
January 11, 2024- U.S. House Committee on Financial Services Chair Patrick McHenry (NC-10) and Ranking Member Maxine Waters (CA-43) announced the formation of the Committee's bipartisan Working Group on Artificial...more
November 16, 2023- The Federal Deposit Insurance Corporation Board of Directors approved a final rule to implement a special assessment to recover the loss to the Deposit Insurance Fund (DIF) associated with protecting...more
Federal Reserve Board- Results of 2023 bank Stress Test Released- The Board of Governors of the Federal Reserve Board (Federal Reserve) released the results of its annual stress test, documenting that the nation's...more
May 15, 2023- U.S. Senator Sherrod Brown (D-OH), Chairman of the Senate Banking, Housing, and Urban Affairs Committee, and Congresswoman Maxine Waters (D-CA-43), Ranking Member of the House Financial Services Committee, led...more
March 30, 2023- The Consumer Financial Protection Bureau (CFPB) has finalized a rule required by Congress to increase transparency in small business lending, promote economic development, and combat unlawful discrimination....more
March 15, 2023- Chairman Roger Williams (R-TX) issued a regarding the Small Business Administration's decision to end the collection on purchased Paycheck Protection Program loans with an outstanding balance of $100,000 or...more
February 23, 2023- The Federal Reserve Board, Federal Deposit Corporation, and Office of the Comptroller of the Currency issued a joint statement highlighting liquidity risks to banking organizations associated with certain...more
November 17, 2022- The Federal Reserve Board published a paper entitled, "Sentiment in Bank Examination Reports and Bank Outcomes."...more
August 10, 2022- The Consumer Financial Protection Bureau issued an interpretive rule laying out when digital marketing providers for financial firms must comply with federal consumer financial protection law....more
Major Developments- Federal Reserve issues FOMC statement- June 15, 2022- The Federal Reserve issued a statement regarding the Federal Open Market Committee meeting held June 14-15.-...more
Editor's Note - DOJ Emphatically Ends Operation Chokepoint. After four years, the Department of Justice (DOJ) announced the formal end of its controversial Operation Chokepoint initiative. Launched in 2013, Operation...more