The Office of the Comptroller of the Currency issued a notice of proposed rulemaking that would change its supervisory appeals process. We compare the OCC proposal with the recently final...
The OCC proposed a rule that would eliminate any uncertainty as to whether national trust banks can engage in non-fiduciary activities. If adopted, the proposal would align language in th...
Davis Polk partners David Portilla and Gabe Rosenberg authored “Digital assets, banking and regulation: 2026 policy outlook” in IFLR. In the article, the authors note that “2026 wil...
The Federal Reserve and FDIC took actions last week designed to facilitate crypto-related activities. The Federal Reserve rescinded its anti-crypto 2023 policy statement and replaced it w...
The OCC released new Bank Secrecy Act examination procedures to reduce regulatory burdens for community banks, continuing its efforts to streamline anti-money laundering compliance obliga...
The FDIC and OCC propose to codify safety and soundness and reputational risk. This update contains our key takeaways, views on immediate steps banks should consider and a summary of the ...
President Trump entered the White House in January 2025 promising to make the United States the “Crypto Capital of the World.” The federal agencies and Congress are responding with un...
The President has signed the bipartisan GENIUS Act – a landmark stablecoin bill – into law. Our client update breaks down the key provisions of the GENIUS Act and includes charts summ...
In a significant step towards modernizing Bank Secrecy Act compliance, FinCEN and the federal banking agencies are providing flexibility in “know your customer” requirements for banks.
Davis Polk partner and White Collar Defense & Investigations practice chair Neil MacBride, AML/CFT head Dan Stipano, partners Paul Marquardt and David Portilla and associate Josh Slifka a...
