Washington, D.C. – Today, the OCC issued a final rule implementing the GENIUS Act, which establishes a regulatory framework for payment stablecoins. The GENIUS Act prohibits issuers from paying yield ...

The Bank Policy Institute [1] is writing in response to the notice of proposed rulemaking issued by the U.S. Department of the Treasury regarding the implementation of Section 3 of the Guiding and ...

In a speech on Wednesday, Federal Reserve Vice Chair for Supervision Michelle Bowman highlighted recent supervision restructuring efforts and takeaways from the independent review of Silicon Valley ...

BPI issued the following statement regarding an OCC report that was released today on access to banking services. “The ...

Fed’s Bowman Announces Supervision Revamp, Tailoring Update In remarks this week, Federal Reserve Vice Chair for Supervision ...

Washington, D.C. – FDIC and OCC proposals to modernize rules on disclosure of confidential supervisory information would bring welcome flexibility, but targeted changes would further strengthen the ...

Washington, D.C. – BPI Senior Vice President and Head of Government Affairs Erik Rust issued the following statement today in response to the introduction of the Stop SIM Box Scams Act: “Illegal calls ...

We appreciate the Board’s willingness to join in significant part in the related rulemaking efforts of FinCEN, the OCC, the FDIC, and the NCUA (collectively, the “agencies”) to implement the reforms ...

Banks have invested billions in cybersecurity over the past several decades, making the financial sector more secure and resilient. But the threat of systemic cyber risk is increasingly concentrated ...

Washington, D.C. – Regulators should apply customer-identification requirements to stablecoin secondary market participants and clarify ambiguous terms to bolster safeguards across the payment ...

The Associations are generally supportive of the proposed CIP framework. The recommendations below are intended to clarify the framework so that it operates in conjunction with the broader set of ...

Regulators examine banks’ financial health and assign them ratings. A key framework for bank ratings, known as CAMELS, assesses banks on six metrics: Banks are rated on each component from 1 (“strong” ...