The fresh scrutiny comes as financial firms like Goldman Sachs and Robinhood dabble with various prediction market options.

The Financial Crimes Enforcement Network's expectations of banks that file suspicious activity reports have changed. Some banking clients may soon discover that they are less appealing customers than they used to be.

The Office of the Comptroller of the Currency finalized rules rescinding fair housing data requirements and expanding speedy licensing for banks under $30B in assets as part of Comptroller Jonathan Gould's push for more risk-based supervision.

Senate Banking Committee Chair Tim Scott, R-S.C., told reporters that community banking didn't fit into the housing package moving forward in the upper chamber, but that he's in discussions with House leaders and the White House to move a separate financial services package.

Sens. Tim Scott, R-S.C., and Elizabeth Warren, D-Mass., released new legislative language Monday night that includes a ban on institutional investors' purchase of single family homes and a temporary ban on the Federal Reserve issuing a Central Bank Digital Currency.

Federal Reserve Vice Chair for Supervision Michelle Bowman said in a speech Tuesday that the central bank is considering a "fundamental reform" of the discount window, including streamlining rules and processes across the Fed system.

If the next phase of digital money policy is to succeed, it must grapple with a simple truth: People do not experience money through legal categories. They experience it through use. That's a fact that supervision must account for.

Experts say that compliance with a potential executive order being considered by the White House that would require banks to collect citizenship information would be costly, especially for community banks.

Experts say regulators will be looking more closely at know-your-customer compliance in the wake of U.S. strikes on Iran.

The responsible gathering of data on consumers is intrinsic to the verification tools that keep everyone safe from identity theft and other forms of fraud. Blanket attacks on "data brokers" will harm consumers, not help them.

The financial advisory firm initially sought an industrial loan charter back in 2020. It's the third company to receive the necessary approvals this year, joining General Motors and Ford.

Though changes to bank capital rules previewed by Federal Reserve Vice Chair for Supervision Michelle Bowman in February are being viewed as welcome, experts say other more significant hurdles — not all of them regulatory — are keeping banks on the sidelines of mortgage servicing and lending.

A final rule published by the Office of the Comptroller of the Currency Friday will formalize a 2021 interpretive guidance allowing national trust banks to perform non-fiduciary custody. The banking industry complained that the rule runs counter to the traditional scope of the charter. 

The threats posed by financial criminals, from fraudsters to money launderers, are evolving at a pace that far outstrips the education of bankers charged with combating them. That needs to change.

Experts said that judges reviewing ongoing litigation between the Consumer Financial Protection Bureau and its employee union seem inclined to allow reductions in force to proceed if the CFPB presented a credible plan for running the agency.

Senate Majority Leader John Thune, R-S.D., moved to consider the housing package next week, but it's not clear what version of the bill senators will be voting on as the House, Senate and White House are still negotiating priorities.

The agency's 400-page GENIUS Act proposal sets capital, reserve and operational rules to govern how stablecoin issuers may operate. 

Comptroller of the Currency Jonathan Gould took several assertive stances at a Senate Banking Committee hearing Thursday, minimizing concerns about banks' potential compliance costs to collect citizenship data and sidestepping questions about World Liberty Financial's trust charter application.

Recent reports from JD Power suggest that more customers choose payment alternatives to avoid surcharge fees.

The heads of the Federal Deposit Insurance Corp., Office of the Comptroller of the Currency and National Credit Union Administration, as well as the Federal Reserve vice chair for supervision, will testify in the Senate Thursday morning in their first joint appearance in the upper chamber since being confirmed.