| Date | Action | Agency | Summary |
|---|---|---|---|
| 2025-07-03 | FDIC takes final action to rescind its 2024 bank merger policy |
FDIC
|
FDIC is rescinding its 2024 policy that actually strengthened the process for assessing bank mergers, and rolling back to the prior policy. While the current policy was not perfect, it had implemented necessary regulatory procedures to assess whether mergers were in the best interest of consumers, competition, and financial stability, which will now be lost. |
| 2025-07-01 | Statement on Crypto-Asset Exchange Traded Products |
SEC
|
The SEC issued guidance on the application of certain disclosure requirements under the federal securities laws to crypto-asset exchange traded products (ETPs). The guidance indicates that the SEC intends to approve applications for all sorts of crypto EPTs with risky underlying assets. |
| 2025-07-01 | CFPB Dismisses Consent Order Against Navy Federal Credit Union |
CFPB
|
The CFPB has dismissed its 2024 consent order against Navy Federal Credit Union for illegally charging more than $95 million in surprise overdraft fees to servicemen and women and their families. The consent order would have required the company to pay more than $80 million in restitution back to consumers and to pay a $15 million civil penalty to the CFPB’s victims relief fund. |
| 2025-07-01 | OCC stops efforts to find and stop discrimination in banking |
OCC
|
The OCC announced that it has stopped using disparate impact theory in fair lending examinations. It will now only recognize overt acts of discrimination by banks and ignore acts that do not have a discriminatory intent but still result in an unfair outcome.
|
| 2025-06-27 | FDIC Proposes a Rule that Would Weaken Bank Capital Requirements |
FDIC
|
The FDIC Board voted unanimously 3-0 to propose changes to the enhanced supplementary leverage ratio (eSLR) standards. The proposal, along with anticipated similar actions by the other banking agencies, would significantly weaken capital requirements for Wall Street megabanks. Lowering leverage-based capital requirements will fail to alleviate Treasury market pressures and will increase risks to financial stability. Such undercapitalization places the economy at substantially increased risk for another financial collapse. Notably, the public board meeting, originally scheduled for June 26, 2025 was cancelled and this decision was made privately by notational vote. Read Better Markets’ statement here. |
| 2025-06-27 | OCC Proposes a Rule that Would Weaken Bank Capital Requirements |
OCC
|
The OCC joined the Fed and the FDIC to propose lowering capital requirements by changes to the enhanced supplementary leverage ratio (eSLR) standards. The proposal, along with anticipated similar actions by the other banking agencies, would significantly weaken capital requirements for Wall Street megabanks. Lowering leverage-based capital requirements will fail to alleviate Treasury market pressures and will increase risks to financial stability. Such undercapitalization places the economy at substantially increased risk for another financial collapse. Acting Comptroller Rodney Hood publicly stated his support for the change on June 25, 2025. |
