Bank Reg Blog
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New: Eighth Circuit (Colloton, Erickson, Grasz) concludes that banks cannot get judicial review of an FDIC guidance letter on non-sufficient funds fees. ecf.ca8.uscourts.gov/opndir/25/09...
September 17, 2025 at 3:17 PM
New: Eighth Circuit (Colloton, Erickson, Grasz) concludes that banks cannot get judicial review of an FDIC guidance letter on non-sufficient funds fees. ecf.ca8.uscourts.gov/opndir/25/09...
Here is the CFPB's ANPR on Section 1033 public-inspection.federalregister.gov/2025-16139.pdf
August 21, 2025 at 12:53 PM
Here is the CFPB's ANPR on Section 1033 public-inspection.federalregister.gov/2025-16139.pdf
In December 2024, the NCUA awarded a charter to Soul Community Federal Credit Union. ncua.gov/newsroom/pre...
Today, the NCUA closed and liquidated the same credit union after determining it "was insolvent and in violation of numerous" laws. ncua.gov/newsroom/pre...
What in the world?
Today, the NCUA closed and liquidated the same credit union after determining it "was insolvent and in violation of numerous" laws. ncua.gov/newsroom/pre...
What in the world?
NCUA Charters Soul Community Federal Credit Union
The National Credit Union Administration has granted a federal charter and National Credit Union Share Insurance Fund coverage to Soul Community Federal Credit Union in Austell, Georgia.
ncua.gov
June 20, 2025 at 8:22 PM
In December 2024, the NCUA awarded a charter to Soul Community Federal Credit Union. ncua.gov/newsroom/pre...
Today, the NCUA closed and liquidated the same credit union after determining it "was insolvent and in violation of numerous" laws. ncua.gov/newsroom/pre...
What in the world?
Today, the NCUA closed and liquidated the same credit union after determining it "was insolvent and in violation of numerous" laws. ncua.gov/newsroom/pre...
What in the world?
Not many details, but there were two new bank charter filings with the OCC last week that look interesting.
The first is for a proposed full service bank, to be called "Erebor Bank"
The second is a proposed national trust bank from Fidelity Digital Assets.
The first is for a proposed full service bank, to be called "Erebor Bank"
The second is a proposed national trust bank from Fidelity Digital Assets.
June 17, 2025 at 2:47 PM
Not many details, but there were two new bank charter filings with the OCC last week that look interesting.
The first is for a proposed full service bank, to be called "Erebor Bank"
The second is a proposed national trust bank from Fidelity Digital Assets.
The first is for a proposed full service bank, to be called "Erebor Bank"
The second is a proposed national trust bank from Fidelity Digital Assets.
The FDIC has submitted an SLR-related proposal to the White House for OIRA review
June 7, 2025 at 6:17 PM
The FDIC has submitted an SLR-related proposal to the White House for OIRA review
Protego Holdings has filed an application with the OCC to charter a new national trust bank. The proposed bank, to be called the National Digital Trust Company, would be a "a specialized financial institution addressing the growing demand for digital asset services"
drive.google.com/file/d/1GCji...
drive.google.com/file/d/1GCji...
June 7, 2025 at 2:56 AM
Protego Holdings has filed an application with the OCC to charter a new national trust bank. The proposed bank, to be called the National Digital Trust Company, would be a "a specialized financial institution addressing the growing demand for digital asset services"
drive.google.com/file/d/1GCji...
drive.google.com/file/d/1GCji...
OIRA's website says that yesterday it received a proposal from the CFPB in relation to "reconsideration" of the 1071 rule. Notable both for the substance and because I am 99% sure this is the first time the CFPB has submitted a rule for review under the reg review EO www.reginfo.gov/public/do/eo...
May 29, 2025 at 1:18 PM
OIRA's website says that yesterday it received a proposal from the CFPB in relation to "reconsideration" of the 1071 rule. Notable both for the substance and because I am 99% sure this is the first time the CFPB has submitted a rule for review under the reg review EO www.reginfo.gov/public/do/eo...
In a draft Federal Register notice published this morning, the CFPB says it is withdrawing 67 guidance documents (listed in the notice) public-inspection.federalregister.gov/2025-08286.pdf
May 9, 2025 at 1:06 PM
In a draft Federal Register notice published this morning, the CFPB says it is withdrawing 67 guidance documents (listed in the notice) public-inspection.federalregister.gov/2025-08286.pdf
The run on Silicon Valley Bank had nothing to do with SVB's former officers, say SVB's former officers
storage.courtlistener.com/recap/gov.us...
storage.courtlistener.com/recap/gov.us...
April 17, 2025 at 12:25 AM
The run on Silicon Valley Bank had nothing to do with SVB's former officers, say SVB's former officers
storage.courtlistener.com/recap/gov.us...
storage.courtlistener.com/recap/gov.us...
Today the White House directed regulators to repeal rules they conclude are unlawful under recent Supreme Court decisions (e.g., Loper Bright, West Virginia v. EPA).
The memo claims that for such repeals notice and comment would not be required www.whitehouse.gov/presidential...
The memo claims that for such repeals notice and comment would not be required www.whitehouse.gov/presidential...
April 9, 2025 at 11:29 PM
Today the White House directed regulators to repeal rules they conclude are unlawful under recent Supreme Court decisions (e.g., Loper Bright, West Virginia v. EPA).
The memo claims that for such repeals notice and comment would not be required www.whitehouse.gov/presidential...
The memo claims that for such repeals notice and comment would not be required www.whitehouse.gov/presidential...
At an ABA event today, FDIC Chairman Hill said that he expects action on the Supplementary Leverage Ratio "in the relatively near future" (and very likely before action on the rest of the capital rules).
Video: x.com/ABABankers/s...
My rough transcript:
Video: x.com/ABABankers/s...
My rough transcript:
April 8, 2025 at 3:32 PM
At an ABA event today, FDIC Chairman Hill said that he expects action on the Supplementary Leverage Ratio "in the relatively near future" (and very likely before action on the rest of the capital rules).
Video: x.com/ABABankers/s...
My rough transcript:
Video: x.com/ABABankers/s...
My rough transcript:
The Treasury Department's Office of Inspector General performed an initial review of the failure of the First National Bank of Lindsay and determined that a more in-depth review is warranted oig.treasury.gov/system/files...
March 31, 2025 at 5:13 PM
The Treasury Department's Office of Inspector General performed an initial review of the failure of the First National Bank of Lindsay and determined that a more in-depth review is warranted oig.treasury.gov/system/files...
Today the Fed released discount window lending data from Q1 2023 federalreserve.gov/regreform/di...
The Fed - Discount Window Lending
The Federal Reserve Board of Governors in Washington DC.
federalreserve.gov
March 31, 2025 at 2:26 PM
Today the Fed released discount window lending data from Q1 2023 federalreserve.gov/regreform/di...
In early '21, the OCC conditionally approved Protego for a national trust bank charter. Approval expired in '23 after Protego didn't meet the OCC's conditions to open.
In a new lawsuit against Blackie Capital, Protego tells its version of what happened
courtlistener.com/docket/69798...
In a new lawsuit against Blackie Capital, Protego tells its version of what happened
courtlistener.com/docket/69798...
March 29, 2025 at 12:15 AM
In early '21, the OCC conditionally approved Protego for a national trust bank charter. Approval expired in '23 after Protego didn't meet the OCC's conditions to open.
In a new lawsuit against Blackie Capital, Protego tells its version of what happened
courtlistener.com/docket/69798...
In a new lawsuit against Blackie Capital, Protego tells its version of what happened
courtlistener.com/docket/69798...
I had not been following this case at all, but potential implications for the FDIC, OCC and other financial regulators came up a few times during oral argument earlier today - e.g., in Justice Sotomayor's question here www.supremecourt.gov/oral_argumen...
March 27, 2025 at 1:35 AM
I had not been following this case at all, but potential implications for the FDIC, OCC and other financial regulators came up a few times during oral argument earlier today - e.g., in Justice Sotomayor's question here www.supremecourt.gov/oral_argumen...
Former CFPB GC Seth Frotman's prepared testimony for the HFSC hearing tomorrow docs.house.gov/meetings/BA/...
docs.house.gov
March 25, 2025 at 5:45 PM
Former CFPB GC Seth Frotman's prepared testimony for the HFSC hearing tomorrow docs.house.gov/meetings/BA/...
Commentary from the FDIC's Inspector General on the agency's current staffing situation
[p. 166 www.gao.gov/assets/gao-2... ]
[p. 166 www.gao.gov/assets/gao-2... ]
March 20, 2025 at 3:13 PM
Commentary from the FDIC's Inspector General on the agency's current staffing situation
[p. 166 www.gao.gov/assets/gao-2... ]
[p. 166 www.gao.gov/assets/gao-2... ]
OakNorth Bank, the UK digital bank started in 2015, has signed an agreement to acquire a $64 million asset Michigan bank www.londonstockexchange.com/news-article...
March 17, 2025 at 1:11 PM
OakNorth Bank, the UK digital bank started in 2015, has signed an agreement to acquire a $64 million asset Michigan bank www.londonstockexchange.com/news-article...
If a rule is disapproved under the Congressional Review Act, an agency generally cannot adopt a new rule that is "substantially the same" as the old one.
What does this mean? No one really knows! But there may soon be a 6th Circuit decision on the issue bankregblog.substack.com/p/substantia...
What does this mean? No one really knows! But there may soon be a 6th Circuit decision on the issue bankregblog.substack.com/p/substantia...
Substantially the Same
Exploring one of the Congressional Review Act's many puzzles
bankregblog.substack.com
March 5, 2025 at 11:57 AM
If a rule is disapproved under the Congressional Review Act, an agency generally cannot adopt a new rule that is "substantially the same" as the old one.
What does this mean? No one really knows! But there may soon be a 6th Circuit decision on the issue bankregblog.substack.com/p/substantia...
What does this mean? No one really knows! But there may soon be a 6th Circuit decision on the issue bankregblog.substack.com/p/substantia...
Here's the Fed's committee page, updated today to reflect this change. www.federalreserve.gov/aboutthefed/...
March 1, 2025 at 11:43 AM
Here's the Fed's committee page, updated today to reflect this change. www.federalreserve.gov/aboutthefed/...
Will be very interested to see the FDIC's response to this argument and, potentially, an ultimate court ruling on it. Could be a bigger deal than just this dispute over SVB storage.courtlistener.com/recap/gov.us...
February 15, 2025 at 12:25 PM
Will be very interested to see the FDIC's response to this argument and, potentially, an ultimate court ruling on it. Could be a bigger deal than just this dispute over SVB storage.courtlistener.com/recap/gov.us...
One small but immediate impact of this: there was an oral argument involving the CFPB scheduled in the Fifth Circuit for *today*, but...
www.courtlistener.com/docket/68042...
www.courtlistener.com/docket/68042...
February 3, 2025 at 4:52 PM
One small but immediate impact of this: there was an oral argument involving the CFPB scheduled in the Fifth Circuit for *today*, but...
www.courtlistener.com/docket/68042...
www.courtlistener.com/docket/68042...
In a future Democratic administration there may be less "encouraging" of the banking regulators and more outright directing
January 24, 2025 at 7:48 PM
In a future Democratic administration there may be less "encouraging" of the banking regulators and more outright directing
New posts!
On regulatory discussion in the 2019 FOMC transcripts released yesterday: bankregblog.substack.com/p/regulatory...
A look at allegations the FDIC made last night against Silicon Valley Bank's former officers and directors: bankregblog.substack.com/p/fdic-lays-...
On regulatory discussion in the 2019 FOMC transcripts released yesterday: bankregblog.substack.com/p/regulatory...
A look at allegations the FDIC made last night against Silicon Valley Bank's former officers and directors: bankregblog.substack.com/p/fdic-lays-...
January 11, 2025 at 2:23 PM
New posts!
On regulatory discussion in the 2019 FOMC transcripts released yesterday: bankregblog.substack.com/p/regulatory...
A look at allegations the FDIC made last night against Silicon Valley Bank's former officers and directors: bankregblog.substack.com/p/fdic-lays-...
On regulatory discussion in the 2019 FOMC transcripts released yesterday: bankregblog.substack.com/p/regulatory...
A look at allegations the FDIC made last night against Silicon Valley Bank's former officers and directors: bankregblog.substack.com/p/fdic-lays-...
If a bank receives a ratings downgrade or other adverse material supervisory determination, it can appeal that decision to its regulator. This post looks at a few of the more interesting appeal decisions published by the regulators in 2024.
bankregblog.substack.com/p/bank-insis...
bankregblog.substack.com/p/bank-insis...
Bank Insists It Experienced a Run in March 2022
A review of the year in supervisory appeals
bankregblog.substack.com
December 30, 2024 at 2:12 PM
If a bank receives a ratings downgrade or other adverse material supervisory determination, it can appeal that decision to its regulator. This post looks at a few of the more interesting appeal decisions published by the regulators in 2024.
bankregblog.substack.com/p/bank-insis...
bankregblog.substack.com/p/bank-insis...