Legislation

NCUA proposal would set standards for credit unions issuing stablecoins

May 15, 2026 0

A proposed rule to sets standards for credit unions approved to act as permitted payment stablecoin issuers (PPSIs) under the GENIUS Act was issued Friday by the National Credit Union Administration (NCUA). The proposal supplements the agency’s January proposal dealing [...]
Rules finalized exempting national banks from state laws on escrow accounts, payments

May 15, 2026 0

Exempting national banks from state laws on real estate escrow accounts and payments is the aim of two final rules issued Friday by the national bank regulator. The Office of the Comptroller of the Currency (OCC) said the final rules [...]
FDIC updates Q&As about signage denoting deposit insurance coverage

May 15, 2026 0

Updated questions and answers about regulations governing signs notifying customers and the public of federal bank deposit insurance coverage at covered financial institutions have been published by the insurance agency, it said Friday. The Federal Deposit Insurance Corp. (FDIC) said [...]
Miran to resign ‘when or shortly before’ Warsh takes seat as Fed governor and chair

May 14, 2026 0

Stephen Miran submitted a letter of resignation from the Federal Reserve Board Thursday to make way for the return of Kevin Warsh, whose nominations this March by President Donald Trump to the Fed Board as a governor and chair were [...]
Uninsured depositors – especially largest – were first, fastest to run from 2023 bank failures, study finds

May 14, 2026 0

Depositors with substantial uninsured funds – especially the largest depositors — were far more likely to flee three failing banks in 2023 than fully insured depositors, who mostly did not run, according to a study published Thursday by the federal [...]
New Utah bank owned by arm of auto manufacturing giant approved for deposit insurance; will focus on auto finance

May 14, 2026 0

Deposit insurance for a new Utah-chartered bank owned by a financial arm of auto manufacturing giant Stellantis and which will focus on nationwide auto financing was approved by the federal insurance agency, it said Thursday. Netherlands-based Stellantis owns such auto [...]
Public parts of informational filings released for six large banks

May 14, 2026 0

Public sections of informational filings for six large banks were released Thursday by the federal bank deposit insurance agency, a requirement under agency rules for every three years for certain banks. The filings were due to the Federal Deposit Insurance [...]