Agency Information Collection Activities: Proposed Collection Renewal; Comment Request

The FDIC invites comments on the renewal of existing information collections; no specific Texas entities or mentions relevant to Texas CUs.
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Bank Appeals Process

The OCC is proposing revised procedures for appeals of material supervisory determinations. The changes aim to enhance the independence and efficiency of the appeals function based on their experience.
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ABA supports HUD proposal to remove disparate impact from Fair Housing Act rule

• ABA supports HUD's proposal to remove disparate impact from Fair Housing Act determinations. • The rule lacked clarity and caused administrative back-and-forth between administrations.
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Bill would prevent states from imposing lending rate caps on out-of-state banks

Two lawmakers have introduced legislation to prevent states from imposing interest rate caps on loans from out-of-state chartered banks and credit unions; this could impact how Texas credit unions operate with respect to lending rates.
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Supervisory tailoring bill introduced in Senate

The bill aims to raise the asset threshold for banks subject to longer examination cycles; it is a bipartisan effort in the Senate. The article does not provide specific details on how this might impact credit unions.
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Agency Information Collection Activities: Information Collection Renewal; Comment Request; Reporting, Recordkeeping, and Disclosure Requirements Associated With Proprietary Trading and Certain Interests in and Relationships With Covered Funds

• The OCC invites comments on the renewal of an information collection related to proprietary trading and certain interests in covered funds. • Respondents must provide a currently valid OMB control number as required by the Paperwork Reduction Act of 1995.
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Investments in and Licensing of Permitted Payment Stablecoins Issuers

The NCUA Board is seeking comment on proposed regulations for licensing and supervising payment stablecoin issuers. FICUs are limited to investing in NCUA-licensed PPSIs, with a forthcoming proposal addressing standards and restrictions on PPSIs.
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Approval Requirements for Issuance of Payment Stablecoins by Subsidiaries of FDIC-Supervised Insured Depository Institutions; Extension of Comment Period

- The FDIC proposed a rule requiring approval for issuing payment stablecoins through a subsidiary by FDIC-supervised institutions. - The comment period has been extended until May 18, 2026.
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Chartering and Field of Membership for Federal Credit Unions-Interpretive Rulings and Policy Statements

• NCUA proposes to rescind IRPS 06-1, which would reduce the number of sources FCUs need to check for chartering and FOM compliance. • This change aims to ease compliance burdens on Federal credit unions.
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Mergers of Insured Credit Unions Into Other Credit Unions; Voluntary Termination or Conversion of Insured Status

- NCUA proposes to amend regulations on voluntary termination of federal share insurance to simplify member communication requirements. - The goal is to reduce regulatory burden by providing more flexibility in how credit unions communicate with members.
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Bank Conversions and Mergers, Subpart A-Conversion of Insured Credit Unions to Mutual Savings Banks

The NCUA Board proposes to eliminate certain prescriptive procedural, disclosure, and communication requirements for converting insured credit unions into banks. This change aims to simplify compliance, reduce administrative costs, and modernize the conversion process while ensuring clear disclosures.
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Agency Information Collection Activities: Information Collection Renewal; Comment Request; Retail Foreign Exchange Transactions

• OCC invites comments on the renewal of an information collection related to Retail Foreign Exchange Transactions. • The collection requires a currently valid OMB control number as per the Paperwork Reduction Act of 1995.
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Fed’s Waller seeking ‘middle lane’ on ‘skinny’ master accounts

• Federal Reserve Governor Christopher Waller is seeking a 'middle lane' for the creation of 'skinny' accounts, acknowledging conflicting desires from banks and fintech firms. • The proposal aims to address payment services through simplified account structures.
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Fed ‘skinny’ account idea draws criticism

- Fintech groups criticized a Federal Reserve proposal for prototype payment accounts due to undue restrictions. - The Fed's proposal offers expanded real-time payments access but faces opposition from industry groups.
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Treasury seeks comment on changes to foreign investor review process

The Treasury Department is seeking public input on the Known Investor Program and ways to potentially streamline aspects of its foreign investment review process. This could impact how Texas credit unions handle foreign investments.
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ABA offers recommendations for mitigating risk in proposed ‘skinny’ accounts

ABA recommends careful design and robust risk mitigants for 'skinny' accounts; these payment accounts should uphold the integrity of the payments system and protect public interest.
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FDIC Extends Comment Period on Proposal to Establish GENIUS Act Application Procedures for FDIC-Supervised Institutions Seeking to Issue Payment Stablecoins

• FDIC extends comment period for proposed rulemaking on GENIUS Act application procedures until May 18, 2026. • The proposal aims to establish guidelines for FDIC-supervised state nonmember banks and savings associations issuing payment stablecoins through a subsidiary.
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Agency Information Collection Activities: Comment Request

The Consumer Financial Protection Bureau (CFPB) is seeking public comments on revising the 'Report of Terms of Credit Card Plans (Form FR 2572) and Consumer and College Credit Card Agreements' information collection. The existing approval under OMB Control Number 3170-0001 will be revised.
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Agency Information Collection Activities: Revision of an Approved Information Collection; Submission for OMB Review; Company-Run Annual Stress Test Reporting Template and Documentation for Covered Institutions With Total Consolidated Assets of $250 Billion or More Under the Dodd-Frank Wall Street Reform and Consumer Protection Act

The OCC is revising the 'Company-Run Annual Stress Test Reporting Template and Documentation' for covered institutions with total consolidated assets of $250 billion or more. The revision has been submitted for OMB review under the Paperwork Reduction Act of 1995.
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Agency Information Collection Activities: Information Collection Renewal; Comment Request; Assessment of Fees

• The OCC is inviting comments on the 'Assessment of Fees' information collection as required by the Paperwork Reduction Act of 1995. • Respondents are not required to respond unless a currently valid OMB control number is displayed.
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Proposed Collection; Request for Comments

The NCUA is proposing a new information collection; comments are requested by the OMB. This action is required by the Paperwork Reduction Act of 1995.
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ABA participates in White House meeting on crypto regulation

• Credit unions participated in a White House meeting discussing proposed crypto market structure legislation. • The discussion focused on potential regulatory frameworks for the cryptocurrency industry.
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Agency Information Collection Activities: Proposed Collection Renewal; Comment Request

The FDIC invites comments on the renewal of an existing information collection; OMB Control No. 3064-0139; Comments are due by [deadline].
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Agency Information Collection Activities: Information Collection Renewal; Submission for OMB Review; Extensions of Credit to Insiders and Transactions With Affiliates

• The OCC invites comments on the renewal of an information collection related to extensions of credit to insiders and transactions with affiliates. • This process requires a currently valid OMB control number.
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Renewal of Agency Information Collections for Comments Request: Proposed Collections

The NCUA will submit information collection requests for review and clearance by the OMB. These collections pertain to various regulatory requirements.
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