FEDERAL GOVERNMENT RELATIONS
Gould touts OCC debanking moves, reassures on stablecoin
Comptroller of the Currency Jonathan Gould on Wednesday emphasized the Trump administration’s recent “clarifications and changes to our existing policies” addressing charges of widespread debanking, then addressed the potential risk to bank deposits from stablecoins.
Senate Banking Committee advances Miran nomination
The Senate Banking Committee voted Wednesday to advance the nomination of economist Stephen Miran for an open seat on the Fed board.
OCC signals openness for de novo bank formation, mergers, stablecoin issuers
The Office of the Comptroller of the Currency announced Tuesday it has elevated its chartering and licensing function to signal support for the creation of new banks and a new receptiveness to bank mergers and stablecoin issuers.
OCC releases guidance on preventing debanking
The Office of the Comptroller of the Currency issued two bulletins Monday for financial institutions “to eliminate politicized or unlawful debanking in the federal banking system.”
Industry-backed bill to ban abusive trigger leads signed into law
President Trump last Friday signed into law a bill prohibiting credit reporting firms from selling mortgage applicant information to lenders who then barrage those same consumers with unwanted solicitations.