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Treasury Announces the Launch of the Trump Accounts App and Next Steps for Trump Accounts
May 28, 2026 / Source: U.S. Department of the Treasury
May 28, 2026 WASHINGTON—Today, the U.S. Department of the Treasury announced the launch of the Trump Accounts app on app stores available nationwide. The Trump Accounts app will be the main interface for the most historic policy for American families in decades and is available on all major mobile app stores. “The Trump Administration…
FinCEN Residential Real Estate Rule Update
May 28, 2026 / Source: FinCEN
ALERT: On March 19, 2026, the U.S. District Court for the Eastern District of Texas issued an order vacating the Residential Real Estate Rule. The Financial Crimes Enforcement Network (FinCEN), in conjunction with the Department of Justice, has appealed the decision. While the court’s order remains in force, reporting persons are not required to file Real…
FDIC-Insured Institutions Reported Return on Assets of 1.26 Percent and Net Income of $80.5 Billion in First Quarter 2026
May 27, 2026 / Source: FDIC
May 27, 2026 WASHINGTON—The Federal Deposit Insurance Corporation (FDIC) today released the results of its latest Quarterly Banking Profile, a comprehensive summary of financial results based on reports from 4,278 insured commercial banks and savings institutions. In first quarter 2026, FDIC-insured institutions reported a return on assets (ROA) ratio of 1.26 percent and aggregate net income of…
Proposed Revisions to the Federal Reserve Policy on Payment System Risk and the Guidelines for Account and Services Requests
May 27, 2026 / Source: Board of Governors of the Federal Reserve System
SUMMARY: The Board of Governors of the Federal Reserve System (Board) is issuing a notice and request for comment on proposed revisions to the Federal Reserve Policy on Payment System Risk (PSR Policy), including the proposed addition of a new Part IV, to accommodate the provision by Reserve Banks of special-purpose accounts that would clear…
Regulation A: Extensions of Credit by Federal Reserve Banks
May 27, 2026 / Source: Board of Governors of the Federal Reserve System
SUMMARY: The Board of Governors of the Federal Reserve System (Board) proposes to amend its Regulation A (Extensions of Credit by Federal Reserve Banks) to specify that a holder of a proposed special-purpose payment account (a Payment Account) would not be eligible for access to discount window credit made available by the Federal Reserve Banks…
Regulation D: Reserve Requirements of Depository Institutions
May 27, 2026 / Source: Board of Governors of the Federal Reserve System
SUMMARY: The Board of Governors of the Federal Reserve System (Board) proposes to amend its Regulation D (Reserve Requirements of Depository Institutions) to differentiate between master accounts and a proposed new category of special-purpose payment accounts (Payment Accounts). The proposed amendments would exclude Payment Accounts from Regulation D’s provisions directing Federal Reserve Banks (Reserve Banks)…
U.S. House Prices Rise 1.7 Percent Year over Year; Up 0.5 percent Quarter over Quarter
May 26, 2026 / Source: Federal Housing Finance Agency
05/26/2026 Washington, D.C. – U.S. house prices rose 1.7 percent between the first quarter of 2025 and the first quarter of 2026, according to the U.S. Federal Housing (FHFA) House Price Index (FHFA HPI®). House prices for the first quarter of 2026 rose 0.5 percent compared to the fourth quarter of 2025. FHFA’s seasonally adjusted monthly index for March rose 0.1…
Kevin Warsh takes oath of office as chairman and a member of the Board of Governors of the Federal Reserve System, and the Federal Open Market Committee unanimously selects Warsh as its chairman
May 26, 2026 / Source: Board of Governors of the Federal Reserve System
Kevin Warsh on Friday took the oath of office as chairman and a member of the Board of Governors of the Federal Reserve System. Also on Friday, the Federal Open Market Committee unanimously selected Warsh as its chairman. President Donald J. Trump nominated Mr. Warsh on March 4, 2026. He was confirmed by the United…
Notice of Proposed Rulemaking to Establish Bank Secrecy Act and Sanctions Compliance Standards for FDIC-Supervised Permitted Payment Stablecoin Issuers
May 25, 2026 / Source: FDIC
Summary: The FDIC Board of Directors approved a notice of proposed rulemaking (PDF) that would implement appropriate Bank Secrecy Act (BSA) and sanctions compliance standards applicable to FDIC-supervised permitted payment stablecoin issuers (PPSIs) pursuant to the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act). Statement of Applicability: The contents of, and material referenced in, this…
Comptroller Issues Statement Explaining Abstention from FDIC Vote on Resolution Plan Feedback
May 25, 2026 / Source: OCC
News Release 2026-41|May 22, 2026 WASHINGTON—Comptroller of the Currency Jonathan V. Gould issued the following statement today on his abstention from the Federal Deposit Insurance Corporation (FDIC) vote on feedback concerning the July 2025 Dodd-Frank Act Section 165(d) resolution plans: I am abstaining from voting on the FDIC staff’s proposal regarding the resolution plans of the…
Agencies Publish Resolution Plan Feedback Letters for Certain Domestic and Foreign Banking Organizations
May 25, 2026 / Source: FDIC
Joint Release Federal Deposit Insurance Corporation Federal Reserve Board May 22, 2026 WASHINGTON – The Federal Deposit Insurance Corporation and the Federal Reserve Board today published feedback letters for several resolution plans submitted in July 2025. Resolution plans, also known as living wills, must describe a banking organization’s strategy for orderly resolution in the event…
Mortgage Rates Average 6.51%
May 21, 2026 / Source: Freddie Mac
MCLEAN, Va., May 21, 2026 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.51%. “The 30-year fixed-rate mortgage averaged 6.51% this week,” said Sam Khater, Freddie Mac’s Chief Economist. “As rates fluctuate, aspiring buyers should remember that by shopping around for the…
SEC and NFA Announce Memorandum of Understanding to Further Harmonize Regulatory Coordination
May 21, 2026 / Source: SEC
For Immediate Release 2026-47 Washington D.C., May 21, 2026 — The Securities and Exchange Commission (SEC) and National Futures Association (NFA) today announced that they have entered into a Memorandum of Understanding (MOU) to enhance their cooperation, coordination, and information sharing in areas of common regulatory interest. The MOU will enhance SEC and NFA staff’s…
Fact Sheet: President Donald J. Trump Integrates Financial Technology Innovation into Regulatory Frameworks
May 20, 2026 / Source: The White House
The White House May 19, 2026 BREAKING BARRIERS FOR FINANCIAL TECHNOLOGY INNOVATION AND COMPETITION: Today, President Donald J. Trump signed an Executive Order to streamline regulations and promote financial innovation and collaboration between financial technology (fintech) firms, federally regulated financial institutions, and Federal financial regulators. PROMOTING FINANCIAL INNOVATION AND CUTTING OUT REGULATORY PROTECTIONS FOR INCUMBENTS: President Trump…
Executive Order: Integrating Financial Technology Innovation Into Regulatory Frameworks
May 20, 2026 / Source: The White House
Executive Orders May 19, 2026 By the authority vested in me as President by the Constitution and the laws of the United States of America, it is hereby ordered: Section 1. Policy. The United States is a global leader in financial innovation, driven in part by the rapid growth of financial technology (fintech) firms. These firms…
Fact Sheet: President Donald J. Trump Restores Integrity to America’s Financial System
May 20, 2026 / Source: The White House
The White House May 19, 2026 SECURING AMERICA’S FINANCIAL SYSTEM: Today, President Donald J. Trump signed an Executive Order to protect America’s financial system from illicit activity, strengthen customer identification requirements for financial institutions, and address the credit risks posed by extending financial services to non-work authorized illegal aliens. RESTORING BANKING INTEGRITY: President Trump is taking action…
Executive Order: Restoring Integrity to America’s Financial System
May 20, 2026 / Source: The White House
Executive Orders May 19, 2026 By the authority vested in me as President by the Constitution and the laws of the United States of America, it is hereby ordered: Section 1. Purpose. America’s financial institutions serve a critical role in safeguarding the American people against financial fraud and abuse. My Administration has taken significant steps to…
Federal Reserve Board requests public comment on a proposal to establish a “payment account,” which legally eligible financial institutions could use for the specific purpose of clearing and settling their payments
May 20, 2026 / Source: Federal Reserve
May 20, 2026 Following earlier public input, the Federal Reserve Board on Wednesday requested public comment on a proposal to establish a “payment account,” which legally eligible financial institutions could use for the specific purpose of clearing and settling their payments. As the payments landscape rapidly evolves, financial institutions with an increasingly wide range of…
Comptroller Statement on Proposed Revisions to the Uniform Financial Institutions Ratings System
May 19, 2026 / Source: OCC
News Release 2026-39|May 19, 2026 WASHINGTON—Comptroller of the Currency Jonathan V. Gould issued the following statement today about the Federal Financial Institutions Examination Council’s (FFIEC) proposed revisions to the Uniform Financial Institutions Rating System, commonly known as the CAMELS rating system. I appreciate the collaborative efforts of the FFIEC and its member agencies in developing the…
Supervisory Ratings: Proposed Revisions to the Uniform Financial Institutions Rating System
May 19, 2026 / Source: OCC
OCC Bulletin 2026-22|May 19, 2026 The Federal Financial Institutions Examination Council today invited public comment on proposed revisions to the Uniform Financial Institutions Rating System, commonly known as the CAMELS rating system, to focus ratings on material financial risk and improve the transparency of ratings. Comments on all aspects of the proposed revisions are due 90…
Preemption Determination: State Interest-on-Escrow Laws
May 19, 2026 / Source: Office of the Comptroller of the Currency (OCC), Treasury.
AGENCY: Office of the Comptroller of the Currency (OCC), Treasury. ACTION: Final rule. SUMMARY: The OCC is issuing a preemption determination concluding that Federal law preempts State laws that restrict OCC-regulated banks’ flexibility to decide whether and to what extent to pay interest or other compensation on funds placed in real estate escrow accounts; or…
OCC Advances Priority of Reducing Regulatory Burden for Community Banks
May 18, 2026 / Source: OCC
News Release 2026-38|May 18, 2026 WASHINGTON—The Office of the Comptroller of the Currency (OCC) continues to prioritize supervisory and regulatory reforms to reduce burden for community banks and support their role as drivers of economic growth. Most community banks are well capitalized and well managed, conduct business in a safe and sound manner, and engage in…
National Rates and Rate Caps – May 2026
May 18, 2026 / Source: FDIC
Monthly Update On December 15, 2020, the FDIC Board of Directors approved a Final Rule (PDF) making certain revisions to the interest rate restrictions applicable to less than well capitalized institutions (as defined in Section 38 of the Federal Deposit Insurance Act), which are effective on April 1, 2021. The interest rate restrictions generally limit a less…
SEC Rescinds Policy Regarding Denials of Settlements in Enforcement Actions
May 18, 2026 / Source: SEC
This policy change will allow the Commission to settle enforcement actions without requiring defendants to agree not to publicly deny the agency’s allegations For Immediate Release 2026-45 Washington D.C., May 18, 2026 — The Securities and Exchange Commission today rescinded a policy, codified in Rule 202.5(e) of its informal rules of procedures, stating that when…
OCC’s Final Rules Preempting State Interest on Escrow Laws Are Unlawful
May 18, 2026 / Source: CSBS
May 15, 2026 | Download PDF Washington, D.C. – The Conference of State Bank Supervisors (CSBS) opposes the Office of the Comptroller of the Currency’s (OCC) decision today to broadly preempt state laws requiring payment of a modest amount of interest on homeowner funds held in mortgage escrow accounts. Statement by CSBS President and CEO Brandon Milhorn: “These…