OCC Continues National-Bank Charter Redesign
The OCC late yesterday provided preliminary approval to the fintech company SoFi to charter a national bank.

Agencies Advance Guidance Restraints
Addressing longstanding industry grievances and following FDIC approval last week, the federal banking agencies, NCUA, and CFPB today jointly issued a proposal codifying their 2018 statement on the role of supervisory guidance.

Support for Climate Disclosures Nearly Doubled in Last Year
An industry-led group established by the FSB, the Task Force on Climate-related Financial Disclosures (TCFD), today released its 2020 green-disclosure status report.

New York Sets First U.S. Climate-Risk Supervisory Standards
As we noted in our new issue brief on green financial regulation, federal officials are increasingly interested in standards reducing climate risk but remain reluctant to take affirmative action despite injunctions from the New York Fed.

CFPB Limits Confidential-Information Release
Completing action begun in 2016, the CFPB today finalized a rule governing how it will treat confidential information as required by Dodd-Frank.

Daily102920.pdf