Dec03 FDIC Finalizes Key Regulatory Changes Benefiting Community Banks

The FDIC last week finalized several important regulatory updates that are aimed at reducing unnecessary regulatory drift and ensuring that supervisory resources remain focused where the actual risks exist.

Nov19 Trump Nominates New CFPB Director
President Donald Trump has nominated a top aide to White House budget director Russ Vought to be the permanent head of the Consumer Financial Protection Bureau, a move designed to empower Vought to continue leading the agency as he moves to shut it down in the coming months.

Nov19 Federal Reserve Announces Major Shift in Supervisory Approach
The Federal Reserve has released a new set of Supervisory Operating Principles that mark one of the most significant shifts in supervisory posture in more than a decade. The changes—driven by Vice Chair for Supervision Michelle “Miki” Bowman—are designed to make bank supervision more transparent, risk-focused, and coordinated with primary state and federal regulators. For Ohio’s banks, the update signals a more efficient and predictable examination environment. Read More Here.