Shayna Olesiuk
@shaynaolesiuk.bsky.social
Banking and Regulatory Policy
💲It will soon be harder to know when your money is protected by FDIC deposit insurance. This is particularly dangerous as more products are not insured, including crypto.
For more information, see the comment letter I submitted today:
bettermarkets.org/newsroom/the...
For more information, see the comment letter I submitted today:
bettermarkets.org/newsroom/the...
The FDIC’s Push to Weaken Signage Requirements Endangers Americans’ Savings | Better Markets
WASHINGTON, D.C.— Shayna Olesiuk, Director of Banking Policy, issued the following statement on the filing of a comment letter to the Federal Deposit Insurance Corporation (FDIC) on a Proposal about b...
bettermarkets.org
October 20, 2025 at 9:42 PM
💲It will soon be harder to know when your money is protected by FDIC deposit insurance. This is particularly dangerous as more products are not insured, including crypto.
For more information, see the comment letter I submitted today:
bettermarkets.org/newsroom/the...
For more information, see the comment letter I submitted today:
bettermarkets.org/newsroom/the...
Reposted by Shayna Olesiuk
The Federal Reserve, FDIC and OCC's decision today to ignore climate-related financial risks is a complete dereliction of duty. Read our full statement: bettermarkets.org/newsroom/fed...
Federal Reserve, FDIC and OCC’s Baseless Political Decision to Ignore the Financial Risks From Climate Is A Dereliction of Duty | Better Markets
WASHINGTON, D.C.—Dennis Kelleher, President, CEO, and Co-founder, issued the following statement in response to the Board of Governors of the Federal Reserve System (Fed), Federal Deposit Insurance Co...
bettermarkets.org
October 16, 2025 at 8:43 PM
The Federal Reserve, FDIC and OCC's decision today to ignore climate-related financial risks is a complete dereliction of duty. Read our full statement: bettermarkets.org/newsroom/fed...
Despite causing harm to financially vulnerable Americans, all paper checks to and from the federal government will be stopped tomorrow and replaced with electronic payments. This includes Social Security, Veterans' benefits, and IRS payments and refunds.
bettermarkets.org/newsroom/eli...
bettermarkets.org/newsroom/eli...
Eliminating Paper Check Payments To and From America’s Bank Account Has Benefits, But Could Severely Harm Vulnerable Families | Better Markets
WASHINGTON, D.C.— Shayna Olesiuk, Director of Banking Policy, issued the following statement about a comment letter filed in connection with the U.S. Treasury’s implementation of the Trump Administrat...
bettermarkets.org
September 29, 2025 at 7:32 PM
Despite causing harm to financially vulnerable Americans, all paper checks to and from the federal government will be stopped tomorrow and replaced with electronic payments. This includes Social Security, Veterans' benefits, and IRS payments and refunds.
bettermarkets.org/newsroom/eli...
bettermarkets.org/newsroom/eli...
The FDIC should focus on strengthening its rules to protect against unfair competition and the known risks of corporate banks. It should not abandon years of research and analysis to start back at square one.
bettermarkets.org/newsroom/the...
bettermarkets.org/newsroom/the...
The FDIC’s Abandonment of Stronger Regulations for ILC Corporate Banks Promotes Unfair Competition and Hurts All Americans | Better Markets
WASHINGTON, D.C.— Shayna Olesiuk, Director of Banking Policy, issued the following statement about a comment letter urging the FDIC to strengthen the rules to protect against unfair competition and th...
bettermarkets.org
September 23, 2025 at 7:25 PM
The FDIC should focus on strengthening its rules to protect against unfair competition and the known risks of corporate banks. It should not abandon years of research and analysis to start back at square one.
bettermarkets.org/newsroom/the...
bettermarkets.org/newsroom/the...
Did you know there is a process for banks that don't agree with supervisory decisions to appeal to their regulator?
💡I recently supported the FDIC's proposed changes to the appeals process, but opposed weakening the qualifications for handling these appeals.
bettermarkets.org/newsroom/a-s...
💡I recently supported the FDIC's proposed changes to the appeals process, but opposed weakening the qualifications for handling these appeals.
bettermarkets.org/newsroom/a-s...
A Strong Supervisory Appeals Process Makes the Banking System Stronger and Protects All Americans | Better Markets
WASHINGTON, D.C.— Shayna Olesiuk, Director of Banking Policy at Better Markets, issued the following statement in connection with today’s filing of a comment letter to the Federal Deposit Insurance Co...
bettermarkets.org
September 23, 2025 at 7:23 PM
Did you know there is a process for banks that don't agree with supervisory decisions to appeal to their regulator?
💡I recently supported the FDIC's proposed changes to the appeals process, but opposed weakening the qualifications for handling these appeals.
bettermarkets.org/newsroom/a-s...
💡I recently supported the FDIC's proposed changes to the appeals process, but opposed weakening the qualifications for handling these appeals.
bettermarkets.org/newsroom/a-s...
I recently weighed in on how the banking regulators can reduce financial fraud, which would save American families billions of dollars: bettermarkets.org/newsroom/red...
Reducing Financial Fraud Would Save American Families Billions | Better Markets
WASHINGTON, D.C.— Shayna Olesiuk, Director of Banking Policy, issued the following statement about a comment letter applauding a joint request for information on payment system fraud from the Office o...
bettermarkets.org
September 23, 2025 at 7:20 PM
I recently weighed in on how the banking regulators can reduce financial fraud, which would save American families billions of dollars: bettermarkets.org/newsroom/red...
Better Markets is bringing together leading scholars and policymakers to explore today’s urgent economic challenges—from financial regulation and banking reform to economic justice and inclusive, broad-based growth. It isn't too late to join us virtually!
bettermarkets.org/analysis/bet...
bettermarkets.org/analysis/bet...
Better Markets Academic Advisory Board State of Economic & Financial Policymaking Conference | Better Markets
September 19, 2025 | 9:00am - 5:00pm EST Register to Attend Virtually Better Markets Academic Advisory Board (BMAAB) is proud to announce its first annual conference taking place in downtown Washingto...
bettermarkets.org
September 18, 2025 at 7:42 PM
Better Markets is bringing together leading scholars and policymakers to explore today’s urgent economic challenges—from financial regulation and banking reform to economic justice and inclusive, broad-based growth. It isn't too late to join us virtually!
bettermarkets.org/analysis/bet...
bettermarkets.org/analysis/bet...
🔎 Supervisory rigor to oversee large banks is essential—not optional.
The Fed's latest proposal would allow banks that are "Deficient" in one of the core areas to be considered "well managed" overall. Not only does this make no sense, but it is also dangerous.
bettermarkets.org/newsroom/fed...
The Fed's latest proposal would allow banks that are "Deficient" in one of the core areas to be considered "well managed" overall. Not only does this make no sense, but it is also dangerous.
bettermarkets.org/newsroom/fed...
Fed’s Proposal to Weaken Oversight of Large Banks Threatens Financial Stability and Should Be Rejected | Better Markets
WASHINGTON, D.C.— Shayna Olesiuk, Director of Banking Policy at Better Markets, issued the following statement in connection with today’s filing of a comment letter to the Board of Governors of the Fe...
bettermarkets.org
August 14, 2025 at 3:29 PM
🔎 Supervisory rigor to oversee large banks is essential—not optional.
The Fed's latest proposal would allow banks that are "Deficient" in one of the core areas to be considered "well managed" overall. Not only does this make no sense, but it is also dangerous.
bettermarkets.org/newsroom/fed...
The Fed's latest proposal would allow banks that are "Deficient" in one of the core areas to be considered "well managed" overall. Not only does this make no sense, but it is also dangerous.
bettermarkets.org/newsroom/fed...
Reposted by Shayna Olesiuk
Our director of Banking Policy @shaynaolesiuk.bsky.social spoke to @cbsnews.com about debanking and why banks may close accounts. www.cbsnews.com/news/trump-d...
Trump claims banks discriminate against conservatives through debanking. Here's what that means.
President Trump said two major banks turned down his business. Here's why conservatives are concerned with so-called debanking.
www.cbsnews.com
August 6, 2025 at 8:22 PM
Our director of Banking Policy @shaynaolesiuk.bsky.social spoke to @cbsnews.com about debanking and why banks may close accounts. www.cbsnews.com/news/trump-d...
“This decision is an attack on all Americans because it allows banks to prioritise profits above doing what is right. . . ."
"This limits the ability of bank supervisors to do their jobs and exposes the banking system to unidentified risk.”
www.bankingriskandregulation.com/occ-dials-ba...
"This limits the ability of bank supervisors to do their jobs and exposes the banking system to unidentified risk.”
www.bankingriskandregulation.com/occ-dials-ba...
OCC dials back bias checks in lending reviews - Banking Risk and Regulation
US regulators retreat further from ESG oversight with the OCC's move away from 'disparate impact' but lawyers advise caution on ditching ESG
www.bankingriskandregulation.com
July 17, 2025 at 4:07 PM
“This decision is an attack on all Americans because it allows banks to prioritise profits above doing what is right. . . ."
"This limits the ability of bank supervisors to do their jobs and exposes the banking system to unidentified risk.”
www.bankingriskandregulation.com/occ-dials-ba...
"This limits the ability of bank supervisors to do their jobs and exposes the banking system to unidentified risk.”
www.bankingriskandregulation.com/occ-dials-ba...
Reposted by Shayna Olesiuk
WATCH: During a @ushousefsc.bsky.social hearing, @denniskelleher.bsky.social explains how the Trump administration's CFPB cuts leave military families financially vulnerable and unprotected. www.youtube.com/watch?v=FdwV...
Better Markets CEO Dennis Kelleher discusses how military members are targeted by financial scams
YouTube video by Better Markets
www.youtube.com
July 15, 2025 at 9:13 PM
WATCH: During a @ushousefsc.bsky.social hearing, @denniskelleher.bsky.social explains how the Trump administration's CFPB cuts leave military families financially vulnerable and unprotected. www.youtube.com/watch?v=FdwV...
💲Checks are expensive to process, slow, and prone to fraud.
🚨But, some Americans—those without internet access or a bank account—cannot make or receive, or just don't feel comfortable using, electronic payments.
💡Treasury should consider all Americans in its decision to eliminate check payments.
🚨But, some Americans—those without internet access or a bank account—cannot make or receive, or just don't feel comfortable using, electronic payments.
💡Treasury should consider all Americans in its decision to eliminate check payments.
Eliminating Paper Check Payments To and From America’s Bank Account Has Benefits, But Could Severely Harm Vulnerable Families | Better Markets
WASHINGTON, D.C.— Shayna Olesiuk, Director of Banking Policy, issued the following statement about a comment letter filed in connection with the U.S. Treasury’s implementation of the Trump Administrat...
bettermarkets.org
July 1, 2025 at 3:42 PM
💲Checks are expensive to process, slow, and prone to fraud.
🚨But, some Americans—those without internet access or a bank account—cannot make or receive, or just don't feel comfortable using, electronic payments.
💡Treasury should consider all Americans in its decision to eliminate check payments.
🚨But, some Americans—those without internet access or a bank account—cannot make or receive, or just don't feel comfortable using, electronic payments.
💡Treasury should consider all Americans in its decision to eliminate check payments.
💡 Technology has huge potential to help community banks and consumers, but it also brings risks and costs.
🏦 For decades, community banks have proven their success in serving Main Street. They may not need all the latest bells and whistles to compete.
bettermarkets.org/newsroom/tec...
🏦 For decades, community banks have proven their success in serving Main Street. They may not need all the latest bells and whistles to compete.
bettermarkets.org/newsroom/tec...
Technology Brings Opportunities and Challenges to Community Banks | Better Markets
WASHINGTON, D.C.— Shayna Olesiuk, Director of Banking Policy, issued the following statement in connection with today’s filing of a comment letter to the Office of the Comptroller of the Currency (“OC...
bettermarkets.org
June 26, 2025 at 9:26 PM
💡 Technology has huge potential to help community banks and consumers, but it also brings risks and costs.
🏦 For decades, community banks have proven their success in serving Main Street. They may not need all the latest bells and whistles to compete.
bettermarkets.org/newsroom/tec...
🏦 For decades, community banks have proven their success in serving Main Street. They may not need all the latest bells and whistles to compete.
bettermarkets.org/newsroom/tec...
Lots of great insight here 👀
✅ "Reputational risk may not be precise, but it is often predictive. It reflects discomfort, inconsistency, public perception and internal dissonance, none of which shows up cleanly in spreadsheets, but all of which matter."
www.americanbanker.com/opinion/elim...
✅ "Reputational risk may not be precise, but it is often predictive. It reflects discomfort, inconsistency, public perception and internal dissonance, none of which shows up cleanly in spreadsheets, but all of which matter."
www.americanbanker.com/opinion/elim...
Eliminating reputational risk oversight was a regulatory mistake
The Office of the Comptroller of the Currency's decision to remove reputational risk from banks supervision plans means that one of examiners' most effective tools has been stripped away.
www.americanbanker.com
June 23, 2025 at 10:37 PM
Lots of great insight here 👀
✅ "Reputational risk may not be precise, but it is often predictive. It reflects discomfort, inconsistency, public perception and internal dissonance, none of which shows up cleanly in spreadsheets, but all of which matter."
www.americanbanker.com/opinion/elim...
✅ "Reputational risk may not be precise, but it is often predictive. It reflects discomfort, inconsistency, public perception and internal dissonance, none of which shows up cleanly in spreadsheets, but all of which matter."
www.americanbanker.com/opinion/elim...
🚨No part of the Fed's proposal to overhaul its bank stress tests makes the tests more responsive to risk or better able to protect the banking system.
📝Check out our detailed response to the Fed to learn more.
bettermarkets.org/newsroom/wea...
📝Check out our detailed response to the Fed to learn more.
bettermarkets.org/newsroom/wea...
Weakening the Fed’s Stress Tests Puts the Economy and American People at Risk | Better Markets
WASHINGTON, D.C.— Shayna Olesiuk, Director of Banking Policy, issued the following statement in connection with today’s filing of a comment letter to the Federal Reserve (“Fed”) on proposed modificati...
bettermarkets.org
June 23, 2025 at 9:21 PM
🚨No part of the Fed's proposal to overhaul its bank stress tests makes the tests more responsive to risk or better able to protect the banking system.
📝Check out our detailed response to the Fed to learn more.
bettermarkets.org/newsroom/wea...
📝Check out our detailed response to the Fed to learn more.
bettermarkets.org/newsroom/wea...
🌍 Recognizing the threat of climate disasters, the Basel Committee published a disclosure framework for banks' climate-related financial risk. www.bis.org/press/p25061...
💡 Unfortunately, the disclosure is voluntary. But, still encouraging that bank supervisors around the world recognize it.
💡 Unfortunately, the disclosure is voluntary. But, still encouraging that bank supervisors around the world recognize it.
Basel Committee publishes framework for voluntary disclosure of climate-related financial risks
The Basel Committee has published a voluntary framework for disclosing climate-related financial risks for jurisdictions to consider.
The framework incorporates flexibility to account for evolving cli...
www.bis.org
June 13, 2025 at 7:15 PM
🌍 Recognizing the threat of climate disasters, the Basel Committee published a disclosure framework for banks' climate-related financial risk. www.bis.org/press/p25061...
💡 Unfortunately, the disclosure is voluntary. But, still encouraging that bank supervisors around the world recognize it.
💡 Unfortunately, the disclosure is voluntary. But, still encouraging that bank supervisors around the world recognize it.
Excited to participate in the Future of Banking conference at the Federal Reserve Bank of Kansas City today to discuss community banking funding and much more!
June 5, 2025 at 12:06 PM
Excited to participate in the Future of Banking conference at the Federal Reserve Bank of Kansas City today to discuss community banking funding and much more!
Supervisory judgment by expert financial regulators is essential for keeping our banking system safe for the millions of consumers and businesses who rely on banks to protect their money. Thanks for highlighting this issue, @bykylecampbell.bsky.social
www.americanbanker.com/news/examine...
www.americanbanker.com/news/examine...
Examiner discretion takes center stage in CAMELS debate
Bank advocates and lawmakers have endorsed removing management considerations from the key supervisory ranking, arguing that it is too prone to subjectivity. But some policy experts say doing so could...
www.americanbanker.com
May 12, 2025 at 8:44 PM
Supervisory judgment by expert financial regulators is essential for keeping our banking system safe for the millions of consumers and businesses who rely on banks to protect their money. Thanks for highlighting this issue, @bykylecampbell.bsky.social
www.americanbanker.com/news/examine...
www.americanbanker.com/news/examine...
"AI’s Expanding Repertoire Of Trickery" & "The Quiet Erosion Of Human Agency"
Fascinating to consider how much trust we are surrendering to AI.
Worse, the tone in Washington is to embrace AI and simply discard the guardrails and consumer protections.
www.forbes.com/sites/cornel...
Fascinating to consider how much trust we are surrendering to AI.
Worse, the tone in Washington is to embrace AI and simply discard the guardrails and consumer protections.
www.forbes.com/sites/cornel...
Our Complacency Crisis: Navigating AI Deception
Agency decay puts us at risk. Two curves are now rising simultaneously the sophistication with which AI systems deceive and the ease with which we relinquish caution
www.forbes.com
May 9, 2025 at 2:56 AM
"AI’s Expanding Repertoire Of Trickery" & "The Quiet Erosion Of Human Agency"
Fascinating to consider how much trust we are surrendering to AI.
Worse, the tone in Washington is to embrace AI and simply discard the guardrails and consumer protections.
www.forbes.com/sites/cornel...
Fascinating to consider how much trust we are surrendering to AI.
Worse, the tone in Washington is to embrace AI and simply discard the guardrails and consumer protections.
www.forbes.com/sites/cornel...
Done right, bank mergers are a healthy part of our banking system, but done wrong, they can be destructive and counterproductive. The OCC's 2024 merger rule wasn't perfect, but rescission w/o public comment is wrong and clearly favors banks' interests over consumers.
www.occ.gov/news-issuanc...
www.occ.gov/news-issuanc...
OCC Issues Interim Final Rule on Bank Mergers
The Office of the Comptroller of the Currency (OCC) today adopted an interim final rule amending its 2024 final rule related to its regulations for business combinations involving national banks and f...
www.occ.gov
May 9, 2025 at 12:16 AM
Done right, bank mergers are a healthy part of our banking system, but done wrong, they can be destructive and counterproductive. The OCC's 2024 merger rule wasn't perfect, but rescission w/o public comment is wrong and clearly favors banks' interests over consumers.
www.occ.gov/news-issuanc...
www.occ.gov/news-issuanc...
The latest FBI data on #cryptocurrency #fraud underscores why regulators are justified in identifying the risk and keeping it out of the banking system.
📊 Nearly 150,000 victims
📈 Lost more than $9 billion, a 66% increase from last year
To learn more, see: bettermarkets.org/wp-content/u...
📊 Nearly 150,000 victims
📈 Lost more than $9 billion, a 66% increase from last year
To learn more, see: bettermarkets.org/wp-content/u...
April 24, 2025 at 1:45 PM
The latest FBI data on #cryptocurrency #fraud underscores why regulators are justified in identifying the risk and keeping it out of the banking system.
📊 Nearly 150,000 victims
📈 Lost more than $9 billion, a 66% increase from last year
To learn more, see: bettermarkets.org/wp-content/u...
📊 Nearly 150,000 victims
📈 Lost more than $9 billion, a 66% increase from last year
To learn more, see: bettermarkets.org/wp-content/u...
Reposted by Shayna Olesiuk
On #EarthDay 🌎 the need to address climate-related financial risks is more urgent than ever. No matter how much policymakers try to minimize, disregard, or ignore it, #climaterisk remains a threat to economic stability. Read more in our new Fact Sheet. bettermarkets.org/newsroom/cli...
Climate Risks Threaten Consumers, the Economy, and Financial Stability | Better Markets
WASHINGTON, D.C. — Amanda Fischer, Policy Director and COO, issued the following statement in connection with Better Markets’ new Fact Sheet entitled, “On Earth Day, the Need to Address Climate-Relate...
bettermarkets.org
April 22, 2025 at 2:54 PM
On #EarthDay 🌎 the need to address climate-related financial risks is more urgent than ever. No matter how much policymakers try to minimize, disregard, or ignore it, #climaterisk remains a threat to economic stability. Read more in our new Fact Sheet. bettermarkets.org/newsroom/cli...
There is a lot going in in financial and banking regulation these days. This report details ways that policymakers can and should support #communitybanks.
Community banks are vital to Main Street America. In a new report, we discuss their financial performance and resilience, proven successes, and ways policymakers can and should support community banks. bettermarkets.org/newsroom/rep...
Report: Community Banks: Vital to Main Street Families, Small Businesses, and the Financial System | Better Markets
WASHINGTON, D.C.—Shayna Olesiuk, Director of Banking Policy, issued the following statement in connection with the release of a new Report: “Community Banks: Vital to Main Street Families, Small Busin...
bettermarkets.org
April 22, 2025 at 2:49 PM
There is a lot going in in financial and banking regulation these days. This report details ways that policymakers can and should support #communitybanks.
Looking forward to working with this distinguished group to strengthen our financial system and economy!
Super excited to be a part of this esteemed group. Looking forward to causing some good trouble together! 💪
We're proud to announce the formation of our inaugural Academic Advisory Board. The new initiative will serve as a platform for leading scholars focused on economics, law, finance, & enable collaboration across a range of related issues. bettermarkets.org/newsroom/bet...
April 16, 2025 at 9:49 PM
Looking forward to working with this distinguished group to strengthen our financial system and economy!
Reposted by Shayna Olesiuk
Credit unions are vital to Main Street families, small businesses, communities, and the economy. The Trump Administration illegally firing two of the three people who lead the independent NCUA leaves Americans exposed to financial predators and exploitation.
Trump Illegally Firing Two Independent Credit Union Watchdogs Betrays Main Street Americans by Undermining Families, Communities, and Small Businesses | Better Markets
WASHINGTON, D.C.—Dennis M. Kelleher, Co-founder, President, and CEO, issued the following statement regarding the unlawful firing of two Board Members of the National Credit Union Administration (NCUA...
bettermarkets.org
April 16, 2025 at 6:59 PM
Credit unions are vital to Main Street families, small businesses, communities, and the economy. The Trump Administration illegally firing two of the three people who lead the independent NCUA leaves Americans exposed to financial predators and exploitation.