A final rule on banning use of reputation risk by itself as a regulator and a stablecoins proposed rule and is on the agenda for the board of the federal bank deposit insurance regulator for Tuesday, the agency said late last week.
According to the Federal Deposit Insurance Corp. (FDIC), its board will also consider proposed rule on anti-money laundering and countering the financing of terrorism programs.
Under a proposal issued last fall, the agency indicated it they codify the elimination of reputation risk from their supervisory programs. Previously, it (and the Office of the Comptroller of the Currency (OCC)) removed the concept from their guidances.
“The proposed rule would define ‘reputation risk’ and prohibit the agencies from criticizing or taking adverse action against an institution on the basis of reputation risk,” the FDIC said then
The proposal would also bar the agency from “requiring, instructing, or encouraging an institution to close customer accounts or take other actions on the basis of a person or entity’s political, social, cultural, or religious views or beliefs, constitutionally protected speech, or solely on the basis of politically disfavored but lawful business activities perceived to present reputation risk.”
Regarding the stablecoins proposal, it follows a proposal issued last December which was then given an extended comment period, which ends in May. That proposal focused on setting procedures for insured, state-chartered nonmember banks or savings associations to seek federal approval to issue stable coins through a subsidiary.
The FDIC said the latest proposal would set requirements and standards for FDIC-supervised permitted payment stablecoin issuers and banks. The proposal is designed implement the GENIUS Act, enacted by Congress last year and which provides a pathway for broader offering of stablecoins.
The FDIC Board is scheduled to meet in open session Tuesday at 1 p.m. ET.
April 7, 2026 — Sunshine Act Meeting Notice
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