U.S. Regulators to Consider Citizenship Status of Bank Customers a Risk Factor
President Donald Trump signed an executive order Tuesday directing federal financial regulators to treat undocumented immigrants as potential credit and compliance risks.
OCC
Trump’s ‘Debanking’ Fight Could Prompt Institutions to Keep Risky Clients
Trump’s crackdown on “debanking” is colliding with a core compliance problem for U.S. banks: the very policies his administration wants to curb have long given lenders a way to cut off customers they suspect of wrongdoing without violating federal secrecy rules.
Coinbase Gets Conditional Approval for U.S. Trust Company Charter
Coinbase Global said it has received conditional approval from U.S. banking regulators for a national trust company charter, a move that could broaden the crypto exchange’s role in digital-asset custody and open the door to new business lines.
FTC Tells Payment Processors that ‘Debanking’ Could Lead to Penalties
The Federal Trade Commission has warned four of the largest payment processors against denying customers access to financial services because of their political or religious views.
U.S. Regulators Propose Easing Capital Rules for Lenders
U.S. regulators on Thursday proposed easing bank capital rules, a move that would allow the country’s largest lenders to hold billions of dollars less in capital and mark a major win for the sector.
OCC Proposes First Stablecoin Rules Under the GENIUS Act
The OCC proposed a regulatory framework to implement the GENIUS Act, outlining requirements for stablecoin issuers and for certain stablecoin-related custody activities.
Citi Sees End to Consent-Order Work in 2026
Citigroup executives are increasingly optimistic they can complete the compliance work tied to the bank’s major regulatory consent orders later this year, according to Reuters.
Revolut Drops Plans to Buy U.S. Lender, Looks to OCC for Banking Charter
Revolut has dropped plans to buy a U.S. lender as a means to get a foothold in the American market and will instead apply for a banking license from the Trump administration, the Financial Times reported.
Trump Family’s ‘World Liberty’ Crypto Venture Seeks Banking License
World Liberty Financial, the Trump family’s flagship crypto venture, said an affiliated entity has applied for a national banking license, The Wall Street Journal reported.
OCC Eases Duties Under Citi Order Stemming from Poor Risk Controls
The U.S. regulator of national banks scaled back some of the compliance obligations it had imposed on Citigroup under a 2020 enforcement action that penalized the lender for inadequate risk controls and data-management practices, the Financial Times reported.