FDIC says that work is underway to “eradicate” reputation risk from regulations, guidance, and examination manuals.

Acting Chair Hill says the FDIC is removing references to reputation risk from examiner guidance, so that examiners can focus more on traditional risks (credit and market risk).

Federal court order forces CFPB leadership to rehire probationary employees it had earlier fired, undermining new CFPB leadership efforts to dismantle the agency.

The OCC removed references to reputation risk from examiner guidance. This limits the ability of bank supervisors to do their jobs and exposes the banking system to unidentified risk.

The SEC issued guidance stating its view that crypto mining activities generally do not involve the offer or sale of securities. The guidance carves out crypto mining activities from the securities laws.

FSOC holds its first meeting of the new administration, but only an executive session, and did not focus the discussion on the most important topics.

The FSOC is one of the most important, if low profile, financial regulatory agencies charged with protecting the country from financial crashes and taxpayer bailouts. The good news is that it met. The bad news is that it has the wrong priorities and, rather than protect the American people, it is likely going to endanger them.

Read Better Markets’ statement here.

Read Better Markets’ statement: Trump’s Lawless Firing of the FTC’s Democratic Commissioners and Likely Similar Actions Threatens the Economy and All Americans