| Date | Action | Agency | Summary |
|---|---|---|---|
| 2025-07-15 | FDIC, Fed, and OCC Rescind 2023 Community Reinvestment Act |
Federal Reserve
OCC
FDIC
|
FDIC, Fed, and OCC jointly issue a notice of proposed rulemaking to rescind the 2023 Community Reinvestment Act Rule. While the 2023 CRA rule wasn’t perfect, it still resulted in critical investments in many communities and provided some protection for low- and moderate-income families against discrimination by banks. |
| 2025-07-15 | FDIC proposes Rule to Index the Benchmarks for Certain Rule Applicability to Inflation |
FDIC
|
FDIC proposes a rule that would index the size thresholds that determine applicability for certain auditing and reporting requirements in 12 CFR part 363 to inflation.
The nominal levels of certain size thresholds that determine the applicability of bank supervisory rules have not changed in many years. As a result, the inflation-adjusted levels of these thresholds have declined, meaning that banks have become subject to more stringent rules simply because of inflation. This proposed rule aims to keep the inflation-adjusted levels constant over time.
|
| 2025-07-15 | Chair Atkins Fires PCAOB Chair Erica Williams |
SEC
|
The PCAOB ensures that public companies do not cook their books, and firing the chair so the SEC can appoint a chair more favorable to the accounting industry will harm investors. |
| 2025-07-14 | Federal Banking Regulators Issue Guidance on Banks Holding Crypto Assets for Customers |
Federal Reserve
OCC
FDIC
|
The Fed, OCC, and FDIC jointly announced that banks may hold crypto assets for customers. The agencies gave the green light to banks holding crypto assets for customers. This guidance does not create any new supervisory expectations, but states that banks must apply existing risk management, legal, and compliance frameworks. |
| 2025-07-11 | SEC Dismisses Liquidity Rule Case |
SEC
|
The SEC dismissed the first case it had filed alleging that an investment adviser violated the rule limiting the amount of illiquid assets mutual funds could hold to 15% of its portfolio. The failure to enforce the liquidity rule increases the risk that mutual funds will be unable to meet their redemption obligations. |
| 2025-07-11 | CFPB Medical Debt Rule Vacated By Texas Judge |
CFPB
|
The CFPB’s new leadership, under Trump-appointed Acting Director Russell Vought, has joined with industry and convinced a federal court to vacate the CFPB’s Medical Debt Rule. The Medical Debt Rule would have prohibited credit reporting agencies from including (often inaccurate) alleged medical debts on consumers’ credit reports, affecting millions of Americans’ ability to secure credit, housing, and employment. |
