On July 31, 2026, the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) proposed amendments to their regulations implementing the Community Reinvestment Act (CRA), a Civil Rights-era anti-redlining law. The agencies’ proposal follows a winding regulatory and litigation history to amend CRA regulations. Most recently, the agencies issued final rules amending the CRA in 2023, which subsequently were …
NYDFS Proposes Rules to Enact Buy Now, Pay Later Statute
On July 15, 2026, the New York Department of Financial Services (NYDFS) issued a formal notice of proposed rulemaking to implement the New York Buy-Now-Pay-Later Act (BNPLA), enacted in May 2025. The first-of-its-kind legislation to regulate buy now, pay later (BNPL) products, the BNPLA will go into effect after the adoption of NYDFS regulations. The proposed rulemaking comes on the heels of a July 2025 …
Bank Regulators Push to Roll Back Anti-Redlining Standards
The Office of the Comptroller of the Currency (OCC) and Federal Deposit Insurance Corporation (FDIC) are expected to propose sweeping changes to the Community Reinvestment Act of 1977 (CRA) in the coming weeks – reportedly without the involvement of the Federal Reserve. While not formally confirmed, the OCC and FDIC are set to release a proposal that would raise the threshold for banks subject to …
CFPB Seeks Input on Potential Reforms to Mortgage Disclosure Rules, Rescission Rights
On July 9, the Consumer Financial Protection Bureau (CFPB) published a request for information (RFI) seeking public comment on proposed changes to the mortgage origination framework to improve credit availability and reduce compliance burdens for financial institutions. The RFI was issued pursuant to Executive Order 14393, “Promoting Access to Mortgage Credit” (March 13, 2026), which states that recent statutory and regulatory changes have limited access …
Agencies Propose Customer Identification Program Requirements for Stablecoin Issuers
On June 22, the Financial Crimes Enforcement Network (FinCEN), together with the Office of the Comptroller of the Currency (OCC), Board of Governors of the Federal Reserve System (Federal Reserve), Federal Deposit Insurance Corporation (FDIC) and National Credit Union Administration (NCUA), published a joint notice of proposed rulemaking (NPRM) to implement customer identification program (CIP) requirements for permitted payment stablecoin issuers (PPSIs) under the Guiding …
The New Colorado AI Act: What Financial Institutions Need to Know
Colorado recently upended its landmark artificial intelligence legislation, just a month before the bill’s effective date and with days left in the legislative session. Senate Bill 26-189 (SB 189) repeals and replaces Senate Bill 24-205, the 2024 law that first established Colorado’s AI legislative framework, with a substantially narrowed scope, and pushes back the effective date to January 1, 2027. SB 189 contains a restructured …
Busy Week for AI: FCA Reopens AI Input Zone, Regulators Issue Statement on Frontier AI Cyber Risks
May 2026 has brought a flurry of AI-related activity from the UK’s financial regulators. On 14 May, the Financial Conduct Authority (FCA) reopened its AI Input Zone to collect stakeholder views on good and poor practice in AI use cases in financial services. The following day, the Bank of England, FCA and HM Treasury published a joint statement on frontier AI models and cyber resilience. …
White House Issues Executive Orders Targeting Financial System Integrity, Fintech Innovation
On May 19, 2026, President Donald Trump signed an executive order titled, “Restoring Integrity to America’s Financial System.” The order is designed to mitigate risks to the financial system “posed by the extension of credit or financial services to the inadmissible and removable alien population.” The order stops short of requiring firms to verify each customer’s citizenship status – a controversial move that was reportedly …
Senator Warren Challenges OCC Over Crypto Trust Charters
This week, Sen. Elizabeth Warren, ranking member of the Senate Committee on Banking, Housing, and Urban Affairs, sent a letter to the Office of the Comptroller of the Currency (OCC) challenging the agency’s granting of national trust charters to crypto companies “in apparent violation of the National Bank Act.” According to Warren, the nine crypto companies that have received national trust charters since December 2025 …
UK Government Confirms Cross-Cutting Reforms to Financial Services Regulatory Framework
On 12 May 2026, HM Treasury published its formal response to its July 2025 consultation on cross-cutting reforms to the UK regulatory framework, a key pillar of the government’s Financial Services Growth and Competitiveness Strategy. The response confirms that the government will introduce primary legislation to reform the legislative framework around how the Financial Conduct Authority (FCA) and Prudential Regulatory Authority (PRA) operate. These reforms …