Crypto.com gets OCC’s conditional nod for charter

The Office of the Comptroller of the Currency (OCC) has conditionally approved Crypto.com for a charter, following similar approvals for Circle, Ripple, Paxos, and Bridge. This approval comes roughly four months after Crypto.com's application.
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OCC conditionally approves Stripe subsidiary Bridge for trust charter

The Office of the Comptroller of the Currency (OCC) has conditionally approved Stripe subsidiary Bridge for a trust charter. This approval follows similar approvals given to digital-asset firms Circle, Ripple, and Paxos.
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FHFA finalizes repeal of fair lending rule

• FHFA has repealed a 2024 final rule that codified fair housing and fair lending oversight practices for Fannie Mae, Freddie Mac, and the Federal Home Loan Banks. • This repeal may impact how these institutions approach compliance with fair lending regulations.
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Washington state credit unions buying banks face new tax

A 1.2% tax applies to gross income generated from transactions where Washington state credit unions buy banks, effective for deals submitted after Jan. 1, 2026; no deductions are allowed.
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Fed finalizes annual stress test scenarios for large banks

- The Federal Reserve finalized the stress test scenarios for large banks. - Current stress capital buffer requirements will remain until 2027.
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Federal Reserve Board finalizes hypothetical scenarios for its annual stress test and votes to maintain the current stress test-related capital requirements until public feedback can be considered

- The Federal Reserve Board has finalized hypothetical scenarios for the annual stress test. - Capital requirements related to the stress test will remain unchanged until public feedback is considered.
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ABA files amicus brief urging Eighth Circuit to reverse vacatur of Reg. II

The ABA has filed an amicus brief urging the Eighth Circuit to reverse a decision by a North Dakota district court which vacated Reg. II; this decision impacts credit union compliance and operations.
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FDIC conditionally approves Ford, GM ILC charters

Both automakers must establish their banks within 12 months and maintain a minimum 15% tier 1 leverage ratio thereafter; this does not explicitly mention Texas but could have broader implications for compliance practices.
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FDIC adopts changes to signage rules

The FDIC finalized changes to its signage rules and delayed the compliance date. The new rules will take effect in June 2024.
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Congress budgets $342M for CDFI Fund in 2026

The Community Development Institutions Fund will receive $324 million in 2026, maintaining current funding levels; no explicit mention of Texas or Texas-specific entities.
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Privacy Act Exemption; Correction

• The NCUA Board issued an interim final rule correcting the numbering of one system of records and exempting another from certain Privacy Act requirements. • The rule was issued without advance notice-and-comment procedures due to good cause and is effective immediately.
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Rules of Practice for Adjudication Proceedings

The final rule rescinds certain amendments made in 2022 and 2023 to the Rules of Practice for Adjudication Proceedings. These rules govern proceedings conducted by the Consumer Financial Protection Bureau (CFPB).
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Agencies announce dollar thresholds for smaller loan exemption from appraisal requirements for higher-priced mortgage loans

- Smaller loan exemption from appraisal requirements for higher-priced mortgage loans announced with specific dollar thresholds - No explicit mention of Texas-specific entities or regulations
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Agencies announce dollar thresholds for applicability of truth in lending and consumer leasing rules for consumer credit and lease transactions

The agencies have established new dollar thresholds for the applicability of Truth in Lending and Consumer Leasing rules. These changes will affect how these regulations apply to consumer credit and lease transactions.
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Appraisals for Higher-Priced Mortgage Loans Exemption Threshold

The OCC, the Board, and the Bureau are finalizing amendments to their regulations based on the CPI-W as of June 1, 2025. These changes will affect appraisals for higher-priced mortgage loans.
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Truth in Lending (Regulation Z)

- The exemption threshold for consumer credit transactions in Regulation Z will increase from $71,900 to $73,400 effective January 1, 2026. - This change is based on the annual percentage increase in the CPI-W as of June 1, 2025.
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Consumer Leasing (Regulation M)

The exemption threshold for consumer leases under Regulation M will increase from $71,900 to $73,400 effective January 1, 2026; this change is based on the annual percentage increase in the CPI-W as of June 1, 2025.
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Fair Credit Reporting Act Disclosures

The Consumer Financial Protection Bureau has established the maximum allowable charge for disclosures by a consumer reporting agency to a consumer in 2026; this rule does not provide specific details on the dollar amount.
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Truth in Lending (Regulation Z) Annual Threshold Adjustments (Credit Cards, HOEPA, and Qualified Mortgages)

The Bureau has revised the dollar amounts for certain provisions in Regulation Z implementing Truth in Lending Act (TILA), including adjustments for credit cards, Home Ownership and Equity Protection Act (HOEPA) loans, and Qualified Mortgages. These changes take effect on January 1, 2024.
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