Main Street Banks Are Pushing into Markets and Trading
By Marc Rubinstein, Financial Times
Consumer-facing institutions are expanding in areas considered more Wall Street territory
Since shuffling off a regulatory cap on its asset growth, Wells Fargo has been on a tear. The US bank was freed last year from a Federal Reserve restriction imposed in 2018 following a scandal involving the opening of millions of unauthorized and fake accounts. Wells is no longer obliged to hold its balance sheet constant and has added more than $200bn of assets over the past year…
Read moreOregon Legislature Reintroduces DIDMCA OPT-OUT LEGISLATION– H.B. 4116
Consumer Finance Monitor, Ballard Spahr
In the wake of the Tenth Circuit’s decision in National Association of Industrial Bankers v. Weiser, 159 F.4th 694 (10th Cir. 2025), Oregon legislators have once again introduced legislation that would “opt out” of Section 521 of the Depository Institutions Deregulation and Monetary Control Act of 1980 (DIDMCA), pursuant to the opt-out right conferred by Section 525 of that Act.
The proposed legislation would prohibit out-of-state FDIC‑insured, state-chartered banks from making consumer finance loans of $50,000 or less to Oregon borrowers using the banks’ home-state interest rates if those rates exceed Oregon’s 36% interest rate cap. This same legislation failed to pass in 2025; this year, the House Committee on Commerce and Consumer Protection has approved H.B. 4116 over the objections of some legislators…
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Republican Lawmakers Introduce Bill to Prohibit State DIDMCA Opt-Out Legislation
Published by Orrick
On February 12, Sen. Bernie Moreno (R-OH) and Rep. Warren Davidson (R-OH) introduced the American Lending Fairness Act of 2026 in the U.S. Congress to address state lending restrictions on out-of-state state-chartered banks and credit unions.
The bill would limit the effect of a state’s interest rate limitations to institutions chartered by that state, thus allowing out-of-state, state-chartered banks and credit unions to export rates even to a state that had limited the rates that institutions chartered by that state could impose…
Read MoreArizona Advances Bill to Create State Digital Assets Reserve Fund
IndexBox Market Intelligence Platform
Legislation to establish a state-managed digital assets reserve fund is advancing in Arizona.
The bill would allow the state treasurer to hold, invest, and loan seized cryptocurrency. The Arizona Senate Finance Committee voted to advance Senate Bill 1649 last week. The bill, introduced by Senator Mark Finchem, would create a Digital Assets Strategic Reserve Fund built from cryptocurrency seized, confiscated, or surrendered to the state…
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