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Statutory Mandate

Ensure the agency remains within its statutory mandates, including the promotion of a safe, sound, and resilient system

“Refocus and change direction with new leadership to fulfill our statutory mandate to promote responsible innovation and fair competition in our markets that have continually evolved over the decades��

Regulatory Withdrawal

Implementation of Executive Order (EO) to ”pause�� new rulemaking, enforcements, etc. (e.g., CFPB “halt��)

Renew the commitment to “regulatory tailoring��; Consider regulatory and supervisory "trickle-down" (i.e., where regulators may expect smaller banks to meet expectations designed for larger institutions)

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Look to a potential withdrawal of various proposals from the past three years, such as those on brokered deposits and corporate governance, and pursue adjustments to capital and liquidity rules to balance economic growth with safety and soundness, and resilience

Consider potential changes to disclosure rules, including proxy voting, and rules related to shareholder proposals

Withdrawal of regulations (e.g., SEC Staff Accounting Bulletin 121 regarding crypto assets)

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Financial Focus

Focus on materiality as the foundation of disclosure

Confirmation of focus to the fiduciary duty to funds

Prioritize safety & soundness

State Activity

Look to re-confirm state nonbank oversight authority

Re-consideration of preemption of state laws (e.g., consumer protection laws)

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Global Pullback

Pullback and/or withdrawal from membership and/or participation in global regulatory groups (e.g., Network of Central Banks and Supervisors for Greening the Financial System)

Supervision

Improve the transparency of regulatory communication to allow banks to know what regulators think about the permissibility of particular activities, or what parameters and rules should apply to those activities

Focus supervision on core financial risks over processes

Reevaluate the supervisory appeals process

Market impact analysis of GSE conservatorship under FHFA

M&A

Look to employ a more “nimble and predictable�� approach specifically in the de novo formation and M&A

Potential for “replacement�� of the 2024 Statement of Policy

Encouragement for more de novo activity for a pipeline of new entrants

Crypto/digital assets

Implementation of Executive Order on strengthening American leadership in digital financial technology

Launch of a Crypto Task Force dedicated to developing “a comprehensive and clear regulatory framework for crypto assets��

Look to adopt a more flexible approach to innovation and technology, including digital assets and tokenization

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fair access

Desire for policy to address the needs of the unbanked and expand the availability of banking services

Ensure law-abiding customers maintain access to bank accounts and services

Innovation & Tech

Implementation of Executive Orders on leadership in digital financial technology and AI

White House and

Look to adopt a more flexible approach to innovation and technology, including fintech partnerships

Reliance on third parties to support key systems and tools (e.g., AI)

Incidence and evolution of investment fraud

Improving state/federal partnership, information sharing arrangements and examination coordination (e.g., third-party service providers, cybersecurity)