March 31, 2025
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FDIC Updates Process for Banks to Engage in Crypto-Related Activities
March 28, 2025
The Federal Deposit Insurance Corporation (FDIC) issued a Financial Institution Letter that provides new guidance for FDIC-supervised institutions engaging or seeking to engage in crypto-related activities without prior nonsupervisory objection.
Agencies Announce Intent to Rescind 2023 Community Reinvestment Act Final Rule
March 28, 2025
The Federal Reserve Board, Federal Deposit Insurance Corporation and Office of the Comptroller of the Currency announced, in light of pending litigation, their intent to issue a proposal to both rescind the Community Reinvestment Act (CRA) final rule issued in October 2023 and reinstate the CRA framework that existed prior to the October 2023 final rule.
SBC Advances Pair of Bills to Crack Down on Fraudsters, Support Rural Small Businesses
March 28, 2025
The U.S. Senate Committee on Small Business and Entrepreneurship advanced a pair of bipartisan bills to crack down on fraud and expand rural small businesses’ access to critical resources.
Working Paper: Post-Pandemic Price Flexibility in the U.S.: Evidence and Implications for Price Setting Models
March 28, 2025
The Federal Reserve Board published a working paper entitled “Post-Pandemic Price Flexibility in the U.S.: Evidence and Implications for Price Setting Models.”
Working Paper: From Friedman to Taylor: The Revival of Monetary Policy Rules in the 1990s
March 28, 2025
The Federal Reserve Board published a working paper entitled “From Friedman to Taylor: The Revival of Monetary Policy Rules in the 1990s.”
CFTC Staff Withdraws Advisory on Review of Risks Related to Clearing Digital Assets
March 28, 2025
The Commodity Futures Trading Commission’s Division of Clearing and Risk today announced it is withdrawing CFTC Staff Advisory No. 23-07, Review of Risks Associated with Expansion of DCO Clearing of Digital Assets, effective immediately.
CFTC Staff Withdraws Advisory on Virtual Currency Derivative Product Listings
March 28, 2025
The Commodity Futures Trading Commission’s Division of Market Oversight and Division of Clearing and Risk announced they are withdrawing CFTC Staff Advisory No. 18-14, Advisory with Respect to Virtual Currency Derivative Product Listings, effective immediately.
CFPB Offers Regulatory Relief for Small Loan Providers
March 28, 2025
The Consumer Financial Protection Bureau is announcing today that, with respect to the Payday, Vehicle Title, and Certain High-Cost Installment Loans Regulation, it will not prioritize enforcement or supervision actions with regard to any penalties or fines associated with the Payment Withdrawal provisions and the Payment Disclosure provisions once they become operative on March 30, 2025.
SBA Reverses Core 7(a) Lending Program
March 28, 2025
The U.S. Small Business Administration (SBA) announced it has restored lender fees to its 7(a) loan program.
Mortgage Rates Expected to Move Lower in 2025 and 2026
March 28, 2025
Mortgage rates are now expected to end 2025 and 2026 at 6.3 percent and 6.2 percent, respectively, downward revisions of three-tenths for each, according to the March 2025 commentary from the Fannie Mae Economic and Strategic Research Group.
Commission to invest €1.3 billion in artificial intelligence, cybersecurity and digital skills
March 28, 2025
The Commission will allocate €1.3 billion for the deployment of critical technologies that are strategically important for the future of Europe and the continent's tech sovereignty through the Digital Europe Program (DIGITAL) work program for 2025 to 2027.
Consultation Paper: 2024 O-SII buffer framework review
March 28, 2025
The Bank of England Financial Policy Committee published a consultation paper entitled “2024 O-SII buffer framework review.”
Banking sector regulatory capital - 2024 Q4
March 28, 2025
The Bank of England released the banking sector regulatory capital statistics for Q4 2024.
Policy Statement: Financial Services Compensation Scheme (FSCS) Management Expenses Levy Limit (MELL) 2025/26
March 28, 2025
The Prudential Regulation Authority published a policy statement entitled “Financial Services Compensation Scheme (FSCS) Management Expenses Levy Limit (MELL) 2025/26.”
Speech: On the right track: Connecting consumers, products and growth
March 28, 2025
Financial Conduct Authority Chief Executive Nikhil Rathi gave a speech entitled “On the right track: Connecting consumers, products and growth,” at the JP Morgan Pensions and Savings Symposium 2025.
U.S. Department of the Treasury – Scott Bessent (effective January 27, 2025)
Federal Reserve Board – Jerome H. Powell (effective May 23, 2022)
Federal Reserve Bank of New York – John C. Williams (effective June 18, 2018)
Federal Reserve Bank of Boston – Susan M. Collins (effective July 1, 2022)
Federal Deposit Insurance Corporation – Travis Hill (Acting Chairman effective January 20, 2025)
Office of the Comptroller of the Currency – Jonathan Gould (nominated February 11, 2025); Rodney E. Hood (Acting Comptroller effective February 10, 2025)
Securities and Exchange Commission – Paul Atkins (nominated December 2024); Mark T. Uyeda (Acting Chairman effective January 20, 2025)
Commodity Futures Trading Commission – Brian Quintenz (nominated February 11, 2025); Caroline D. Pham (Acting Chairman effective January 20, 2025)
Consumer Financial Protection Bureau – Jonathan McKernan (nominated February 11, 2025); Russel Vought (Acting Director effective February 10, 2025)
National Credit Union Administration – Kyle Hauptman (Chairman effective January 20, 2025)
Small Business Administration – Kelly Loeffler (effective February 19, 2025)
U.S. Department of Housing and Urban Development – Scott Turner (effective February 5, 2025)
Federal Housing Finance Agency – William Pulte (effective March 13, 2025)
U.S. Department of Education – Linda McMahon (effective March 3, 2025)
Financial Crimes Enforcement Network – Andrea Gacki (effective July 13, 2023)
Click here to read more from our Coronavirus series.
Click here to view the full text of the Coronavirus Aid, Relief and Economic Security Act (the “CARES Act”), Enacted March 27, 2020.
Click here to view the full text of the Paycheck Protection Program Increase Act of 2020, Enacted April 24, 2020.
Click here to view the full text of the Paycheck Protection Program Flexibility Act of 2020, Enacted June 5, 2020.
Click here to view the full text of the Consolidated Appropriations Act, 2021, Enacted December 27, 2020.
Click here to view the full text of the American Rescue Plan of 2021, Enacted March 11, 2021.
Click here to view the full text of the PPP Extension Act of 2021, Enacted March 30, 2021.
Click here to view a running list of proposed legislation from the Senate Committee on Banking, Housing, and Urban Affairs, Senate Committee on Small Business and Entrepreneurship, House Committee on Financial Services and House Committee on Small Business