How Democratic Control Could Reshape U.S. Banking Regulation
Mayra Rodriguez Valladares, Forbes
Democrats’ takeover of Congress could bring a sharp increase in scrutiny for the nation’s largest banks, particularly their growing ties to private credit, private equity and other nonbank financial institutions.
Bank capital and Wall Street’s connections to the nonbank financial system could also come under a new spotlight, especially if Sen. Elizabeth Warren becomes chair of the Senate Banking Committee…
Read moreCFPB’s Latest Semiannual Report Highlights a Dramatic Shift in the Bureau’s Regulatory Priorities
John Culhane Jr. & Alan Kaplinsky; Ballard Spahr LLP/JD Supra
The CFPBs newly released Semi-Annual Report to Congress for January–June 2026 offers a revealing account of the Trump Administration’s transformation of the Bureau.
The report, released on October 27, 2026, describes an agency that has substantially narrowed its enforcement priorities, abandoned or terminated numerous matters pursued under former Director Rohit Chopra, reduced the scope of its supervisory examinations, and advanced a deregulatory agenda that includes, among other things, significant changes to the Bureau’s fair lending regulations…
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US Bank Regulators Ask Whether Lenders Can Stop Their AI Agents
Mary Bennett & Rob Robinson; HaystackID/JD Supra
Three federal bank regulators are asking U.S. lenders whether they can track and audit decisions made by autonomous artificial intelligence agents and how they would shut those systems down, Reuters reported Oct. 13, citing people familiar with the inquiries.
The answers depend on problems banks were already working through. Those problems are aging systems that resist integration, a thin bench of people who understand how AI models behave, and data whose origins and quality are hard to trace…
Read moreFDIC Proposal Would Rescind Record Keeping Rule
Dave Kovaleski, Financial Regulation News
The board of the Federal Deposit Insurance Corporation (FDIC) approved a proposal that seeks to rescind the FDIC’s record keeping rule.
The record keeping rule, part 370, applies to insured depository institutions (IDIs) with two million or more deposit accounts. Under the proposal, the Large-Bank Deposit Insurance Determination Modernization rule, section 360.9, would be amended to generally apply to IDIs that are currently subject to part 370…
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