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On May 15, 2026, the Office of the Comptroller of the Currency (OCC) issued a preemption decision addressing state laws that govern how mortgage escrow accounts are managed, as well as a final rule establishing a national bank’s escrow powers (the Escrow Powers Rule).
This week, the Federal Financial Institutions Examination Council (the “FFIEC”) released a notice of proposed rulemaking (the “NPR”) to revise the Uniform Financial Institutions Rating System (more commonly referred to as CAMELS, for each of its components: Capital, Asset Quality, Management, Earnings, Liquidity, and Sensitivity to risk). Comments on the NPR are due August 17, 2026.
On Tuesday, May 5, Federal Reserve Vice Chair for Supervision Michelle W. Bowman addressed the Women in Housing and Finance Symposium.
As we previously reported here in Cabinet News & Views, the Federal Reserve, the OCC, and the FDIC reproposed the Basel III Endgame package of amendments to the U.S. risk-based capital rules (“The Reproposal").
On April 7, the Federal Deposit Insurance Corporation (“FDIC”) and the Office of the Comptroller of the Currency (“OCC”) approved a final rule that prohibits regulators from using "reputation risk" as a standalone basis for supervisory or enforcement actions. This final rule is adopted largely as proposed in October.
On March 19, 2026, the Federal Reserve Board ("FRB"), Office of the Comptroller of the Currency (“OCC”) and Federal Deposit Insurance Corporation (“FDIC”, collectively, the “Agencies”) released (i) a revised proposal for Basel III Endgame applicable to Category I and II institutions (the “ERBA Proposal”) and (ii) proposed amendments to the existing standardized approach capital rules (the “Standardized Proposal”).
In remarks delivered at the American Bankers Association’s Washington Summit on March 11, 2026, FDIC Chairman Travis Hill outlined the agency’s ongoing effort to recalibrate the federal banking regulators’ supervisory and regulatory “toolkit.”
On March 11, 2026, the Securities and Exchange Commission (“SEC”) and Commodity Futures Trading Commission (“CFTC”) announced that they have entered into a new Memorandum of Understanding (“MOU”) to coordinate rulemaking, supervision, examinations and enforcement across areas where the agencies’ jurisdiction overlaps.
In opening remarks at the Federal Reserve Bank of Atlanta’s 2026 Banking Outlook Conference, Federal Reserve Vice Chair for Supervision Michelle Bowman outlined what she described as “the next horizon in banking” — a supervisory and regulatory agenda centered on clearer tailoring, capital recalibration, and a more disciplined focus on material financial risk. Vice Chair Bowman tied together three threads that have appeared across her prior speeches — tailoring, transparency, and pragmatism — and translated them into near-term supervisory and capital priorities.
On February 25, 2026, the Office of the Comptroller of the Currency (the “OCC”) issued a Notice of Proposed Rulemaking (the “NPRM”) to implement the Guiding and Establishing National Innovation for U.S. Stablecoins Act (the “GENIUS Act”). The proposal would add a new Part 15 to the OCC’s regulations and establish the supervisory framework applicable to “permitted payment stablecoin issuers” subject to OCC jurisdiction. The comment period will run for sixty days after publication in the Federal Register.