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    • OVERSIGHT AND INVESTIGATION—Senate Banking Democrats seek hearing with FHFA head Pulte
    • BANKING OPERATIONS—Two more nonbanks seek national trust bank charters
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    • DEPOSIT INSURANCE—FDIC urged to preserve expanded reciprocal-deposit eligibility, clarify implementation
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    • DIRECTORS, OFFICERS AND EMPLOYERS—ICBA backs FDIC insider credit threshold increases, opposes floor elimination
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    • ENFORCEMENT ACTIONS—OFAC warns foreign banks of no-notice sanctions over Iran ties
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    • FINANCIAL TECHNOLOGY—New York, Wyoming agree to monitor virtual currency, digital asset business in both states
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    Banking and Finance Law Daily Wrap Up, DEPOSIT INSURANCE—FDIC urged to preserve expanded reciprocal-deposit eligibility, clarify implementation, (Oct 6, 2026)

    Organizations Mentioned:American Bankers Association | American Fintech Council

    By John M. Pachkowski, J.D.

    ABA finds reciprocal deposits IFR simplifies compliance; AFC wants safeguards to prevent revealing confidential supervisory status.

    The American Fintech Council (AFC), a trade association representing financial technology companies and innovative bank ...

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