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Dodd Frank Update consulted Wolters Kluwer Legal and Regulatory Analyst John Pachkowski about the implications of the recent spike in Standing Repo Facility activity. He explained its connection to recent shifts in monetary policy. Read on »

U.S. Treasury Secretary Scott Bessent emphasized the importance of “economic security” in his opening letter for the Financial Stability Oversight Council’s 2025 Annual Report. The report includes key insights and recommendations about the impact of regulatory and supervisory policies on the banking and mortgage markets. Read on »

Federal banking regulators granted conditional approval for a $35.3 billion merger agreement through which Capital One Financial Corp. will acquire and merge with Discover Financial Services. As a condition of regulatory approval, Discover must settle any outstanding enforcement actions against the company. Read on »

The Federal Deposit Insurance Corp. announced a newly modified approach to resolution planning for large banks geared toward focusing on the most relevant operational information for safety and soundness considerations. Read on »

The adjusted fee schedule for payment services provided by the Federal Reserve Banks is set to take effect Jan. 1, 2025. These services include the clearing of checks, automated clearing house transactions, instant payments, and wholesale payment and settlement services. Read on »

The potential impact of the 2024 U.S. election cycle on housing policy and financial regulation could be enormous as Republicans seem poised to take control of the presidency, the Senate and the House in January. To get a sense of the magnitude of what changes could be looming ahead, Dodd Frank Update spoke with two experts from the CRE Finance Council, which released a 2024 Election Scenario Analysis pontificating on the numerous potential outcomes of the three concurrent elections. Read on »

The Federal Deposit Insurance Corp. released the latest semiannual update on the restoration plan for the agency’s Deposit Insurance Fund (DIF). FDIC staff projects that the reserve ratio remains on track to reach the statutory minimum of 1.35 percent ahead of the statutory deadline of Sept. 30, 2028. Read on »

After countless calls from the financial sector for the Federal Reserve to reconsider implementing its Basel III Endgame framework in its current state, the industry may be on the verge of getting what it wished for. Fed Board Vice Chair for Supervision Michael Barr and Fed Gov. Michelle Bowman described some of the revisions under consideration with respect to the Fed’s controversial capital standards proposal during separate speaking engagements in Washington, D.C. Read on »

The prospect of holding industrial loan companies (ILCs) to the same regulatory scrutiny as traditional financial institutions has been a source of heated contention among many banking industry advocates concerned with leveling the playing field in the marketplace. Independent Community Bankers of America Executive Vice President, Senior Regulatory Counsel Chris Cole explored the topic of ILCs in-depth while speaking with Dodd Frank Update. Read on »

The Federal Reserve finalized individual capital requirements for the nation’s largest federal-insured financial institutions, based on the results of stress tests conducted earlier this year. Stress tests provide federal banking regulators insight which informs the capital requirements imposed on systemically-important financial institutions with $100 billion or more in total consolidated assets in accordance with their individual risk profiles and forward-looking assessment of their capital needs. Read on »