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Tim Byrne Commentary by Tim Byrne

The Federal Financial Institutions Examination Council proposed the first substantive revisions to the Uniform Financial Institutions Rating System, known as CAMELS, in nearly 30 years.

The CFTC's Division of Enforcement adopted a new cooperation policy that defines when the Division will decline to recommend an enforcement action and sets the penalty reductions available to parties that self-report misconduct, cooperate, remediate, and pay restitution.

President Trump issued an Executive Order (i) directing federal financial regulators to review and streamline rules and licensing processes that impede financial technology firms, and (ii) asking the Fed to evaluate the framework that governs access to Reserve Bank payment accounts and services.