The Roundup: OCC and FDIC Oversight Rules, Feds Cutting Rates, FCA speeds up delivery of open finance, Beyond Deregulation
Welcome to the PerformLine Regulatory Compliance Roundup, home of the latest news, articles, and reports from our industry, curated for you. Let’s get into it.
In this edition: The OCC and FDIC overhaul “Unsafe or Unsound Practices,” What’s in store for rate cuts for the rest of the year, FCA accelerates delivery of open finance, and how to address current marketing compliance risks.
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OCC and FDIC overhaul what codifies as “unsafe or unsound practices”
Federal regulators (the OCC and FDIC) have proposed new oversight rules aimed at striking a better balance between safety and innovation in banking. The proposal would define what constitutes an “unsafe or unsound” practice, shift supervisory focus toward material risks (like cyber threats and liquidity strains), and overhaul how regulators flag issues across institutions. For community banks, the bar for triggering regulatory attention would be higher, reducing scrutiny over procedural or documentation matters. By clarifying guardrails, regulators hope to ease friction in bank–FinTech partnerships and support more experimentation under clearer rules. PYMNTS.com
Will the Fed continue cutting rates in 2025?
Fed chair Jerome Powell characterized the September move as a “risk management cut” to forestall the prospect of further labor market slowing, casting doubt on whether it marks the start of an extended easing cycle. However, J.P. Morgan Global Research expects two more cuts in 2025, and one in 2026. JPMC Global Research
Significant Stat:
$10 Million
The amount deposit insurance would be raised to in an updated deposit insurance reform bill.
FCA uses tech sprint to accelerate delivery of open finance
The FCA announced a partnership to help firms simulate and test data sharing in support of open finance. The sprint “will allow firms participating in the Smart Data Accelerator to simulate and test data sharing. With this, firms will be able to develop smart data solutions that are safe, secure, and designed to benefit people and communities.” FCA
Beyond Deregulation: Addressing Current Marketing Compliance Risks
While federal regulators may be pulling back, the scrutiny on consumer protection is only growing. Get insights on the shifts occurring at the federal level and the states are filling in the gaps, including emphasis on risks with third-party partnerships advertising and disclosure enforcement trends. PerformLine
