Page 9 - April 24, 2025 Bulletin
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aRTiCLeS


        lenders filed a petition asking the Supreme Court to review the   to ban the practice. The FDIC has not made any official
        rule. The court has not ruled on the petition.          announcements, but in a letter to Congress first reported by
                                                                Politico, Acting FDIC Chairman Travis Hill said the agency is
        FDIC to Remove Reputational Risk                        “actively working on a rulemaking to ensure supervisors do not
        from Bank Supervision                                   criticize activities or actions on the basis of reputational risk,
                                                                which we expect to be able to issue in the near future.”
        The FDIC is drafting rulemaking to remove reputational risk   Some lawmakers reacted positively to the news. In a statement
        from its bank supervision.  The move follows the Office of the   on X, House Financial Services Committee Chairman French
        Comptroller of the Currency’s announcement last week that it   Hill (R-Ark.) said that the FDIC has been “wasting resources”
        would no longer use reputational risk in bank examinations and   targeting crypto firms instead of focusing on its core mission.
        guidance.
                                                                “Now, Acting Chair Travis Hill and the Trump Admin are
        Lawmakers have accused regulators of using reputational risk   working to right the ship,” Rep. Hill said. “The committee looks
        to pressure banks into denying services to certain customers,   forward to a new vision for digital assets at the FDIC.”
        particularly cryptocurrency firms, and have introduced legislation

































                                                                                                Jeff Weiler
                                                                                                Bachelor of Science in Business
                                                                                                Finance and Economics
                                                                                                Class of '96
















                                                                    northern.edu/banking








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