On April 16, 2025, the Consumer Financial Protection Bureau (CFPB) sent an internal memorandum to CFPB staff describing its 2025 supervisory and enforcement priorities. The memo previewed a reduction in overall supervision and enforcement, but also a shift in focus toward depositories and on obtaining remediation for definable consumer losses. Contrary to the Biden CFPB’s focus on working with the states, the memo notes that …
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Crypto Shake-Up: Narrowing Risks, From Securities Scrutiny to Consumer Claims
Crypto is now in Washington’s good graces – or at least that’s how it may seem. The return of the Trump administration has injected new energy into the crypto asset space, with sweeping rhetoric about “unleashing innovation” and a flurry of early moves that suggest a dramatically more hands-off regulatory approach. The president’s appointment of pro-crypto voices to key posts at the Securities and Exchange Commission …
FDIC Withdraws Four Biden-Era Proposed Rules
The Federal Deposit Insurance Corporation (FDIC) board of directors approved the withdrawal of proposed rules relating to brokered deposits, corporate governance, the Change in Bank Control Act and incentive-based compensation arrangements. The proposals would have, among other things, expanded the definition of “brokered deposits,” augmented corporate governance responsibilities and increased oversight of certain bank investors. The withdrawal of the proposed rules signals the FDIC’s reevaluation …