OCC

The Office of the Comptroller of the Currency is seeking comments on a newly adopted interim final rule amending its 2024 final rule related to its procedures for evaluating applications under the Bank Merger Act. Read on »

The Senate voted along party lines to approve a resolution overturning a final rule updating the process banking regulators use when reviewing proposed bank mergers and acquisitions. Read on »

As financial technology and digital assets remain ever-growing factors in the financial services industry, trade organizations continue to increase efforts to advocate for new policies to help their members remain competitive. Read about some of the latest developments with respect to this topic and more in this roundup. Read on »

Federal banking regulators granted conditional approval for a $35.3 billion merger agreement through which Capital One Financial Corp. will acquire and merge with Discover Financial Services. As a condition of regulatory approval, Discover must settle any outstanding enforcement actions against the company. Read on »

All eyes are on the Federal Reserve as concerns about the economic implications of recent policy changes regarding trade and other factors proliferate among consumers and business leaders. Read about these developments and more in this regulatory roundup. Read on »

The Office of the Comptroller of the Currency announced an organizational restructure which entails the consolidation of its supervisory functions for large, midsize and community banks, among other changes. The announcement set off alarm bells in the community banking sector. Read on »

Republican lawmakers in the House and Senate have introduced legislation to overturn a 2024 final rule updating the process the Office of the Comptroller of the Currency uses to review proposed bank mergers. Read on »

The Office of the Comptroller of the Currency disclosed a data breach potentially exposing sensitive information about financial institutions in a report to Congress. The federal banking regulator said the breach stemmed from unauthorized access via “compromised email messages.” Read on »

The Senate Banking Committee voted to advance the Trump administration’s picks to run the Office of the Comptroller of the Currency and the Securities Exchange Commission in a pair of 13-11 party-line votes. Read on »

The federal bank regulatory agencies announced their intent to rescind the 2023 Community Reinvestment Act (CRA) final rule and reinstate the CRA framework that existed prior to the October 2023 final rule. The agencies cited “pending litigation” as the basis for their decision. Read on »