Financial fraud threats to seniors are continuous

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Report: Democrats demand Fed release info on bank supervision changes

Democrats demand the Federal Reserve release information on recent changes to its bank supervision division; Fed staff reportedly unhappy with these changes.
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White House: CFPB has cost consumers billions of dollars

The White House Council of Economic Advisers reported that the CFPB has cost consumers between $237-$369 billion since 2011, as financial institutions passed on increased compliance and liability expenses. This report does not explicitly mention Texas or any Texas-specific entities.
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Bankers share stablecoins’ opportunities, risks for community banks

Community banks should consider stablecoins for new business opportunities but need proper regulation to protect deposit bases; stablecoins pose serious risks if not regulated.
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The new forces shaping for financial trust

The article emphasizes the importance of leveraging technology and data analytics to protect financial trust. It suggests that CIOs should focus on enhancing cybersecurity measures and implementing robust risk management strategies.
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ABA urges OCC to provide stronger safeguards, clearer rules for charter applicants

ABA recommends the OCC maintain strong safety and soundness standards, increase transparency in the chartering process, and update naming rules. The association calls for cautious development of new regulatory frameworks.
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Democrats urge courts to stop efforts to ‘dismantle’ CFPB

Democratic lawmakers urge courts to prevent the Trump administration from dismantling the CFPB; this action aims to preserve the bureau's independence and enforcement powers.
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GAO details CFPB’s downsizing

• The CFPB has downsized in the last 12 months, impacting consumers financially. • A Senate Democratic report estimates the changes have cost consumers $19 billion.
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GAO releases first report on CFPB cuts

• The Government Accountability Office released a report on the Trump administration's efforts to reduce activities of the CFPB. • The report provides a timeline of bureau layoffs and office closures.
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Democrats urge FDIC, OCC to scrap ‘unsafe,’ ‘unsound’ change

Senators criticize regulatory agencies for changes they believe will weaken bank supervision; no explicit action items or deadlines mentioned.
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Bessent questioned by lawmakers on tailoring regulation, CDFI Fund

Treasury Secretary Scott Bessent defended the administration's push for regulatory tailoring during a congressional hearing. The discussion included stablecoin regulation and community development financial institutions (CDFIs).
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Fed survey: Lending standards tightened for commercial loans in Q4

• Lending standards for commercial loans tightened in Q4 according to Fed survey. • Banks expect demand to strengthen and lending standards to remain unchanged in 2026.
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ABA submits recommendations for streamlining Call Report process

The American Bankers Association (ABA) provided recommendations to streamline the Call Report process; these suggestions were in response to a request from banking agencies.
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Nubank gets conditional OCC approval for charter

Nubank receives conditional approval from the OCC for its charter; plans to fully capitalize within 12 months and open the bank within 18 months, pending approvals from the Fed and FDIC.
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Reports: Sen. Marshall to drop credit card routing mandate amendment to crypto bill

Sen. Marshall has dropped an amendment to add credit card routing mandates to a cryptocurrency regulation bill; this decision may impact the broader regulatory landscape for financial institutions, including credit unions.
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Ally taps former acting OCC chief as policy adviser

Rodney Hood, former acting OCC chief and NCUA chair, will serve as a senior policy adviser to Ally CEO Michael Rhodes; No explicit mention of Texas or Texas-specific entities.
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Banking on AI

The article discusses the potential benefits and risks of using artificial intelligence in banking operations. It highlights the need for credit unions to be prepared with robust risk management strategies when integrating AI technologies.
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Why voice-based scams are a growing threat to banks

- Voice scams can result in significant financial losses for both banks and customers. - Phone lines remain a critical vulnerability in the finance sector, despite being one of the oldest communication methods.
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ABA urges FDIC to pause special assessment collection

The American Bankers Association (ABA) has urged the FDIC to defer collection of a special assessment on certain banks, citing ongoing litigation related to recent bank failures. This move would provide more time for legal proceedings regarding loss recovery.
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Comptroller Gould Discusses Resolution Planning

Comptroller Gould emphasized the importance of resolution planning for banks; highlighted the need for clear communication and coordination among stakeholders during crisis scenarios.
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Digital adoption is accelerating across credit unions — but are the systems underneath ready?

Tech adoption is increasing rapidly among small credit unions; however, underlying infrastructure issues could hinder progress. The article suggests that credit unions need to ensure their systems can support digital advancements without causing disruptions.
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Fed’s Bowman, lawmakers suggest regulatory threshold changes

The article discusses the possibility of moving away from single-metric thresholds, such as asset size, in favor of a more nuanced approach to regulation. The vice chair for supervision questioned whether this could be a better method.
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Senate confirms FDIC’s Hill, CFTC’s Selig

- Senate confirms FDIC's Hill and CFTC's Selig with party-line votes. - Permanent leadership positions at two financial regulatory agencies established.
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Press Release 12/5/2025

New Commissioner appointed; no specific regulatory changes or requirements mentioned.
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