Advocacy News

E-News 4-10-26 FEDERAL GOVERNMENT RELATIONS FinCEN, banking agencies propose to overhaul Bank Secrecy Act compliance FinCEN and the banking agencies proposed new rules to “fundamentally reform” compliance with the Bank Secrecy Act by setting standards for what financial institutions should include in their anti-money laundering programs.  Read more White House report downplays risk to banks from stablecoin interest payments A prohibition on paying interest or yield on payment stablecoins would do “very little” to protect bank lending “while forgoing the consumer benefits of competitive...
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E-News 4-3-26 FEDERAL GOVERNMENT RELATIONS Trump administration seeks court permission to halve CFPB workforce The Trump administration is asking a federal appeals court for permission to reduce the Consumer Financial Protection Bureau’s current workforce by more than half, according to a court filing. Read more Congressional leaders announce deal to end DHS shutdown Lawmakers plan to advance a spending bill to fund most of the Department of Homeland Security through Sept. 30, except for the agencies involved in immigration enforcement. Read more Proposed rule would give states ‘...
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E-News 3-27-26 FEDERAL GOVERNMENT RELATIONS White House releases national AI policy framework The White House released a national policy framework that calls on Congress to take several actions to support the safe deployment of artificial intelligence, including supporting law enforcement efforts to fight fraud and scams and passing federal legislation to preempt state regulation of the technology. Read the policy FDIC issuing GENIUS Act stablecoin prudential proposal ‘soon’ The Federal Deposit Insurance Corp. will soon issue proposed prudential requirements for FDIC-supervised payment...
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E-News 3-20-26 FEDERAL GOVERNMENT RELATIONS Second court rules against administration in legal fight over CFPB funding A federal judge in California has ruled that the Trump administration must continue funding the Consumer Financial Protection Bureau. The decision follows a similar ruling by federal judge in D.C. in a separate case.  Read more OFAC lifts Russia oil sanctions for one month The Office of Foreign Assets Control has authorized Russian oil exports through April 11 to ease pressure on rising fuel prices following the start of military operations in Iran.  Read more...
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