BCG Monthly Newsletter

Bankers’ Compliance Group® is pleased to provide its members with a monthly online Newsletter that keeps members informed on current topics related to Dodd-Frank Regulatory Reform, Consumer Finance, Operations, Commercial Lending, etc. BCG members can view the current Newsletter by selecting the download button below.
 

Reputation Risk No Longer a Consideration in Supervision

Two regulatory agencies recently announced that they will no longer consider reputation risk in bank examinations and associated materials.  On March 20, 2025, the Office of the Comptroller of the Currency (OCC) announced that it will no longer examine its regulated institutions for reputation risk and is removing references to reputation risk from its Comptroller’s Handbook booklets and guidance issuances.

Recently Introduced California Assembly Bills May Impact Banking Operations

A number of newly introduced California Assembly Bills (AB) may, if passed and signed into law, impact banking operations.  Below is a summary of some of those bills.

FDIC Withdraws Proposed Rulemaking Signaling Shift in Agency’s Approach

On March 14, 2025, the Federal Deposit Insurance Corporation (FDIC) published notices in the Federal Register officially withdrawing the following proposed rulemakings or guidance:  

• Brokered Deposits Proposal (90 FR 12115)
• Corporate Governance Proposal (90 FR 12115)
• Change in Bank Control Act Proposal (90 FR 11679) 

Regulatory Agencies Announce Intent to Rescind 2023 Community Reinvestment Act Final Rule

On March 28, 2025, the FDIC, FRB, and the OCC issued a joint press release announcing their intent to rescind the 2023 Community Reinvestment Act Final Rule (“CRA Final Rule”).  In the press release, the agencies indicated that the decision was made in light of pending litigation.

Table of Contents

CONSUMER FINANCE

• Reputation Risk No Longer a Consideration in Supervision
• HUD Revokes Reconsideration of Value Policy
• Agencies Update Mortgage-related Policies

BANKING OPERATIONS & FINTECH

• Recently Introduced California Assembly Bills May Impact Banking Operations
• OCC Unveils Digitalization Web Page for Community Banks
• FinCEN Interim Final Rule Removes Domestic Reporting Companies from BOI Rule

CORPORATE GOVERNANCE

• FDIC Withdraws Proposed Rulemaking Signaling Shift in Agency’s Approach       
• Agencies Clarify Bank Authority to Engage in Certain Cryptocurrency Activities     
• The Proposed Financial Integrity and Regulation Management Act              

CRA/HMDA CORNER

• Regulatory Agencies Announce Intent to Rescind 2023 Community Reinvestment Act Final Rule 
• Executive Order Reduces CDFI Fund