Federal Reserve Reducing Bank Supervision Staff By 30 Percent
Federal Reserve Reducing Bank Supervision Staff By 30 Percent The Federal Reserve is planning to reduce its banking supervision staff by 30 percent by the end of next year, which would cut the supervision and regulation division from a previous authorized staff count...
CFPB Rescinds Nonbank Registry Rule
CFPB Rescinds Nonbank Registry Rule The Consumer Financial Protection Bureau (CFPB) is rescinding two rules finalized during the Biden administration, including the nonbank registry rule, which required nonbanks to register and report violations of both local and...
Government Shutdown Puts Senate Consideration of Clarity Act on Hold
Government Shutdown Puts Senate Consideration of Clarity Act on Hold With the U.S. Senate currently focused on issues surrounding the government shutdown, it is running out of time to consider bills related to the regulation of the crypto market. For example, the...
Comptroller Gould Outlines Plans for “Regulatory Reset”
Comptroller Gould Outlines Plans for “Regulatory Reset” Comptroller of the Currency Jonathan Gould stated earlier this week at the American Bankers Association annual conference that the best thing he could do for the Office of the Comptroller of the...
WH Budget Director Signals Attempts to Shutter CFPB For Good in Coming Months
WH Budget Director Signals Attempts to Shutter CFPB For Good in Coming Months Russell Vought, the White House Budget Director, recently said in a podcast that he intends to close the Consumer Financial Protection Bureau (CFPB) within the next three months. The Trump...
McKernan Confirmed as Treasury Undersecretary
McKernan Confirmed as Treasury Undersecretary Last week, Jonathan McKernan, former Federal Deposit Insurance Corp. (FDIC) board member, was confirmed by the U.S. Senate to be the undersecretary for domestic finance at the Treasury Department. He was confirmed on a...
Trump Nominates FDIC Acting Director Travis Hill to Become Agency’s Permanent Director
Trump Nominates FDIC Acting Director Travis Hill to Become Agency’s Permanent Director President Trump recently nominated Federal Deposit Insurance Corp. (FDIC) acting chair Travis Hill to permanently lead the agency. If confirmed by the Senate, Hill is expected... Despite Funding Questions, CFPB to Continue Work During Government Shutdown
Despite Funding Questions, CFPB to Continue Work During Government Shutdown The Consumer Financial Protection Bureau (CFPB) told staff earlier this week that it will continue to operate, even though the government is shut down as lawmakers are at an impasse regarding...
