leadership – Regulatory Report

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[ 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

Four sworn in to Fed Board terms; Powell’s and Brainard’s terms as chair, vice chair last into 2028 and 2026

May 23, 2022 0

Jerome. H. (“Jay”) Powell and Lael Brainard were sworn in Monday to terms as chair and vice chair of the Federal Reserve Board Monday, the Fed announced, noting also the swearing in of Lisa D. […]

Chopra nomination to CFPB likely first step in number of leadership changes ahead

January 19, 2021 0

By tapping Rohit Chopra as the intended nominee for next director of the federal consumer financial protection agency, the incoming Biden administration is signaling that changes are coming to leadership of federal financial institution regulation. […]

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 [...]