Hensarling – Regulatory Report

What's up

[ April 8, 2026 ] Proposed rule subjects stablecoin issuers to anti-money laundering regs, as mandated by GENIUS Other
[ April 7, 2026 ] Bank and credit union regulators, FinCEN propose AML/CFT rule changes that include larger FinCEN role FDIC
[ April 7, 2026 ] GENIUS Act proposal for comment issued by FDIC FDIC
[ April 7, 2026 ] FDIC, OCC ban use of reputation risk in supervising banks FDIC
[ April 7, 2026 ] Groups would no longer be barred from credit union membership without buying service, product NCUA

House committee chairman asserts bill doesn’t repeal Volcker rule, but fosters efficiency, clarity

April 16, 2018 0

Legislation giving the Federal Reserve sole rulemaking authority for the “Volcker rule” creates efficiency – but it doesn’t eradicate the rule, the chairman of the House committee that reported out the bill said last week. […]

House overseer of financial services will step down at end of Congress

October 31, 2017 0

The chairman of the House Financial Services Committee, and sponsor of legislation that envisioned sweeping changes to the federal financial institution regulatory scheme – the Financial CHOICE Act (H.R. 10) – will not be returning […]

Proposed rule subjects stablecoin issuers to anti-money laundering regs, as mandated by GENIUS

April 8, 2026 0

Providing an “appropriately tailored regime to mitigate potential illicit finance risks” with the use of payment stablecoins — while promoting “innovation” in the digital vehicles — is the aim of a proposed rule issued Wednesday by the Treasury and its [...]
Bank and credit union regulators, FinCEN propose AML/CFT rule changes that include larger FinCEN role

April 7, 2026 0

A rule that would, among other things, have federal bank and credit union regulators “consult” with the Financial Crimes Enforcement Network (FinCEN) on certain anti-money laundering/countering the financing of terrorism (AML/CFT) actions was issued Tuesday for a 60-day public comment [...]
GENIUS Act proposal for comment issued by FDIC

April 7, 2026 0

A proposed rule that addresses the applicability of pass-through insurance for stablecoins and tokenized deposits was issued for comment Tuesday by the federal bank deposit insurer. The Federal Deposit Insurance Corp. (FDIC) said the proposed rule would implement certain requirements [...]
FDIC, OCC ban use of reputation risk in supervising banks

April 7, 2026 0

A final rule to eliminate the use of reputation risk from programs for bank supervision was issued jointly Tuesday by two federal prudential banking regulators. The Federal Deposit Insurance Corp. (FDIC) – which approved the rule during its open board [...]
Groups would no longer be barred from credit union membership without buying service, product

April 7, 2026 0

Eligibility for credit union membership through an associational group would not be automatically denied solely because members of the group did not purchase a product or service of the institution under a proposal issued Tuesday by the federal regulator. The [...]