Banking

Fed Seeks Comment on New ‘Payment Account’ Structure to Streamline Clearing and Settlement

The Federal Reserve on May 20, 2026 proposed a dedicated “payment account” for legally eligible financial institutions, aimed at segregating balances for clearing and settlement. The move could refine how banks and fintechs access Fed rails such as instant and wire payments.

May 23, 2026 | 1258

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Fed issues enforcement action involving former Commerce Bank employee

The Federal Reserve announced an enforcement action concerning a former Commerce Bank employee, underscoring the central bank’s supervisory stance on individual accountability. The order, dated May 21, 2026, highlights legal authorities used in such cases and signals continued scrutiny of conduct risk across U.S. banks.

May 23, 2026 | 1280

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Kevin Warsh sworn in as Federal Reserve Chair; FOMC selects him to lead policy committee

Kevin Warsh took the oath of office as Chair of the Federal Reserve Board of Governors, and the FOMC unanimously chose him as its chair-an early signal of coordinated leadership as markets gauge potential implications for rates, inflation, and monetary policy.

May 23, 2026 | 1240

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Fed and FDIC Release Latest Feedback on Big-Bank ‘Living Wills’

Regulators issued updated feedback on resolution plans from select large U.S. and foreign banking organizations, outlining progress and remaining gaps in firms’ ability to fail without taxpayer support.

May 23, 2026 | 1243

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Fed ends enforcement actions tied to UBS and legacy Credit Suisse entities

The Federal Reserve ended several enforcement actions involving UBS Group and former Credit Suisse units, marking another milestone in the post-2023 bank merger cleanup and clarifying the regulatory baseline for the combined firm.

May 16, 2026 | 1233

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Fed Clears United Texas Bank’s Shift to National Charter Under OCC Oversight

The Federal Reserve said it does not object to United Texas Bank’s conversion to a national bank, moving the Dallas lender from Fed supervision to the Office of the Comptroller of the Currency. The charter change streamlines oversight and may alter compliance, lending policies, and risk management practices.

May 16, 2026 | 1136

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Fed approves application by the Stephen M. Calk 2025 Trust, signaling continuity in bank oversight

The Federal Reserve Board approved an application from the Stephen M. Calk 2025 Trust on May 15, 2026, underscoring the central bank’s steady approach to reviewing ownership and control changes in the U.S. banking sector.

May 16, 2026 | 1304

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Fed taps Jerome Powell as chair pro tempore while Kevin Warsh awaits swearing-in

The Federal Reserve Board named Jerome Powell chair pro tempore, ensuring policy continuity until Kevin Warsh is sworn in as the next chair.

May 16, 2026 | 1233

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Fed clears related applications by Columbia Bank MHC and Columbia Financial, sharpening focus on supervision and deal flow

The Federal Reserve approved related applications involving Columbia Bank MHC and Columbia Financial, Inc., signaling continued regulatory throughput for bank corporate actions amid a shifting rates and credit backdrop.

May 09, 2026 | 1174

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