| Date | Action | Agency | Summary |
|---|---|---|---|
| 2025-01-28 | Offering deferred resignation to federal employees |
Other
|
OPM sent an email to career federal employees presenting what it described as a deferred resignation program, an offer to receive compensation until September 30, 2025 if they resign now (“Fork Directive” email). |
| 2025-01-28 | FDIC Rescinds Job Offers of 200 Bank Examiners |
FDIC
|
Fewer FDIC staff to supervise banks (now and in the future), manage the deposit insurance fund, conduct resolution of failed banks, and protect consumers will directly lead to a banking system that is weaker and less safe. A shortage of trained and experienced examiners was found to be a key cause of the 2023 bank failures. This decision will hurt the agency and banking system now and for years to come because the examiner pipeline will be empty. |
| 2025-01-23 | Rescission Staff Bulletin 121 |
SEC
|
The SEC rescinded guidance requiring companies holding crypto products to reflect them as liabilities on their balance sheets. The guidance the SEC rescinded protected customers by requiring banks to have capital to protect against the risk of loss inherent in crypto assets.
‹div class=”ewa-rteLine”>/div› Read Better Markets’ response here.
|
| 2025-01-21 | FDIC Leaves NGFS |
FDIC
Other
|
FDIC leaves the Network for Greening the Financial System (NGFS) |
| 2025-01-21 | OCC Leaves NGFS |
OCC
Other
|
OCC leaves the Network for Greening the Financial System (NGFS) |
| 2025-01-20 | DEI efforts terminated at banking agencies |
Other
|
Low-income, minority, and other underserved populations have been excluded from the banking system for generations. DEI efforts at the banking agencies worked to improve that access and strengthen the economy for all Americans. Losing these offices, staff, and reports will lead to less economic growth and drive underserved populations to more costly and discriminatory financial service providers, such as check cashers and payday lenders. |
