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READOUT: Financial Stability Oversight Council Meeting on June 4, 2025
June 4, 2025 / Source: Treasury
WASHINGTON â Today, U.S. Secretary of the Treasury Scott Bessent convened a meeting of the Financial Stability Oversight Council (Council) in executive session at the U.S. Department of the Treasury (Treasury). During the meeting, Council members heard updates from the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation (FDIC), and the Office…
Acting Comptroller of the Currency Discusses Regulatory Agenda
June 3, 2025 / Source: OCC
WASHINGTONâActing Comptroller of the Currency Rodney E. Hood today discussed his regulatory agenda in remarks at the U.S. Chamber of Commerce Capital Markets Summit. In his remarks, Acting Comptroller Hood detailed the Office of the Comptrollerâs work to embrace bank-fintech partnerships, expand bank activities involving digital assets, promote financial inclusion and reduce regulatory burden to…
HUD Secretary Scott Turner Celebrates June as National Homeownership Month
June 3, 2025 / Source: HUD
WASHINGTON – U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner today declared June as National Homeownership Month, celebrating the power of homeownership to build stronger communities and spotlighting HUDâs role in restoring the American Dream of homeownership. âNational Homeownership Month is a time to celebrate how HUD helps support and expand opportunities for…
Federal Reserve announces Wells Fargo is no longer subject to the asset growth restriction from the Boardâs 2018 enforcement action against the bank
June 3, 2025 / Source: FRB
The Federal Reserve on Tuesday announced that Wells Fargo is no longer subject to the asset growth restriction from the Board’s 2018 enforcement action against the bank. The Federal Reserve determined that Wells Fargo has met all the conditions required by the 2018 enforcement action for removal of the growth restriction. Under the 2018 enforcement action, the…
Speech – Economic Outlook
June 3, 2025 / Source: FRB
Thank you, Michael. I am honored to be back at the Council on Foreign Relations. 1 I would like to congratulate you on becoming president of this august body. I have known Mike for some time. In fact, he helped me when I was a graduate student working on my dissertation on Eastern Europe at the…
OCC Releases CRA Performance Evaluations for 18 National Banks and Federal Savings Associations
June 2, 2025 / Source: OCC
WASHINGTONâThe Office of the Comptroller of the Currency (OCC) today released a list of Community Reinvestment Act (CRA) performance evaluations that became public during the period of May 1, 2025, through May 31, 2025. Under the CRA, the OCC assesses an institutionâs record of meeting the credit needs of its entire community, including low- and…
Supervisory Relief to Help Financial Institutions and Facilitate Recovery in Areas of Arkansas Affected by Severe Storms, Tornadoes, and Flooding
June 2, 2025 / Source: FDIC
Summary: The FDIC has announced a series of steps intended to provide regulatory relief to institutions and facilitate recovery in areas of Arkansas affected by severe storms, tornadoes, and flooding. Please review the FDICâs Disaster Page to review information about what to do if your bank is affected. Statement of Applicability: The contents of, and material referenced in,…
Treasury Releases Request for Information related to the Executive Order 14247 âModernizing Payments To and From Americaâs Bank Accountâ
June 1, 2025 / Source: Treasury
WASHINGTON â Today, the U.S. Department of the Treasury (Treasury) released a request for information related to the Executive Order (EO) 14247 âModernizing Payments To and From Americaâs Bank Account,â which transitions federal disbursements to electronic payments. Beginning September 30, 2025, all federal payments that are currently made by paper checkâincluding Social Security benefits, tax refunds, and vendor paymentsâwill…
Federal Reserve Board releases results of survey of senior financial officers at banks about their strategies and practices for managing reserve balances
June 1, 2025 / Source: FRB
The Federal Reserve Board on Friday released results of a survey of senior financial officers at banks about their strategies and practices for managing reserve balances. The Senior Financial Officer Survey is used by the Board to obtain information about banks’ reserve balance management strategies and practices, their expectations for potential changes in both the…
FDIC Issues CRA Examination Schedules for Third Quarter 2025 and Fourth Quarter 2025
June 1, 2025 / Source: FDIC
WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today issued the lists of institutions scheduled for a Community Reinvestment Act (CRA) examination during the third quarter 2025 and fourth quarter 2025. CRA regulations require each federal bank and thrift regulator to publish its quarterly CRA examination schedule at least 30 days before the beginning of each…