Banking & Consumer Finance

ICBA estimated that a $1.2 trillion no-yield stablecoin market would reduce community bank lending by $141 billion, or 3.5 percent. In separate comment letters, the Independent Community Bankers of America (ICBA) and American Fintech Council (AFC) ur...

The request is part of an ongoing inquiry by Senate subcommittee minority members “into the illicit use of cryptocurrencies and the Trump Administration’s self-enrichment and self-dealings with cryptocurrency firms.” Senator Richard Blumenthal (D-Con...

Banking organizations and foreign banking offices could use three optional authorization evidence routes, but they would still need to establish appropriate governing-board approval. The New York State Department of Financial Services (NYDFS) has pro...

Treasury proposed its first rule under the 21st Century Road to Housing Act this week. Representative Maxine Waters (D-Calif.), the top Democrat on the House Financial Services Committee, and Sen. Elizabeth Warren (D-Mass.), Ranking Member of the Sen...

A weekly roundup of other items of interest to the banking and finance law community. DEPOSIT INSURANCE— The Federal Deposit Insurance Corporation conditionally approved deposit insurance for Bedford, New Hampshire-based Strategist Bank, according to...

Executive Summary What's new: On September 17, 2026, the FDIC announced a proposed rule that would reform key facets of the agency's approach to processing and evaluating merger transactions subject to the Bank Merger Act, aiming to improve timelines...

If enacted, the law would take effect immediately. The New York City Council introduced the People and Organizations Winning Economic Relief (POWER) Act (Int. No. 1105 ) on October 8, at Mayor Zohran Mamdani’s request, proposing to prohibit unfair me...

Certiorari should be denied since there is no circuit conflict and a 2026 Second Circuit ruling likewise found discretion over master-account access. The Federal Reserve Board and the Federal Reserve Bank of Kansas City (FRBKC) are asking the U.S. Su...

The relief covers over 300,000 consumers whose charged-off accounts remained under Snap’s control in November 2025, and eligible recipients will receive ownership of the leased property. Seventeen state attorneys general and Snap RTO LLC and Snap Fin...

The effective rules create a ripe sovereign injury by purporting to nullify state interest-on-escrow laws for nationally chartered banks, the 10 jurisdictions argue. Ten state jurisdictions have asked the U.S. District Court for the District of Orego...

The organizations alternatively requested a public hearing, asserting the application lacks essential data on refinancing rates, default rates, and underwriting processes. In a joint comment letter , the Center for Responsible Lending and National Co...

Both the ABA and Better Markets requested revision of Treasury's proposed rules under Section 3 of the GENIUS Act, but they differed over reasonable belief protections and liability standards for digital asset service providers. In separate comment l...

The ABA asked whether institutions below the 1,000-loan threshold in 2025 and 2026 need not begin collecting data until after January 1, 2028. The American Bankers Association (ABA) has submitted nine questions asking the Consumer Financial Protectio...

Builders previously financed by stress-tested banks saw borrowing fall 31.5 percent and new-home sales decline 11.0 percent relative to a comparison group after 2013. A research brief authored by Sheridan Titman, Deheng Xu, and Yiyuan Zhang and publi...

A weekly roundup of other items of interest to the banking and finance law community. BANK SECRECY ACT— On October 16, the New England Teamsters Pension Fund filed suit against Bank of America Corporation and certain executives, alleging misrepresent...

The certified class consists of all importers of record who paid duties imposed by challenged tariff orders between February 1, 2025, and February 19, 2026, except for those entities that have filed separate recovery actions under IEEPA. In this edit...

NAAHL estimated the proposed thresholds would leave more than 8.4 million additional people with thin community development-exam coverage and nearly 549,000 with none. In separate comment letters, the Independent Community Bankers of America (ICBA) a...

It would be consistent with the purposes of the GENIUS Act for Treasury to establish safe harbors for issuers that wish to operate under a state regime during the period following the GENIUS Act effective date. Four state organizations have urged the...

The ingredients for a serious crisis are in place and inaction regarding the growing risks would be a dangerous mistake. The Open Markets Institute and Americans for Financial Reform Education Fund have released a report, entitled “Brace for Impact: ...

Research paper shows higher deposit rates predicted slower stablecoin growth when banks reprice faster above 3 percent policy rates and DeFi yields didn’t shield stablecoins. An October 2026 BIS working paper , authored by Rashad Ahmed and Iñaki Alda...

The banking association wants clarity for de novo banks and guidance on rapid asset growth that may justify more frequent examinations. In an October 14, 2026, letter sent to the Office of the Comptroller of the Currency (OCC), Federal Reserve Board,...

Banking groups urged government agencies to adopt proposed revisions to the CRA, while consumer and community groups argued that it would bring harm. The American Bankers Association and state banking groups urged the Trump administration to proceed ...

Four banking industry associations say commenters could have only days to compare the Fed proposals with an OCC final rule reportedly planned by November. The American Bankers Association, Bank Policy Institute, Consumer Bankers Association and Indep...

Comment deadlines and effective dates for regulatory activity issued by the federal financial institution agencies. The Banking and Finance Law Daily Regulation Tracker includes a Proposed Rules Comment Calendar and a table of Final Rule Effective Da...

Faster patching will not be sufficient against AI-enabled vulnerability discovery, blog post says, urging stronger controls. The power and capabilities of artificial Intelligence that could benefit the financial sector also can introduce significant ...