Andrew Karp

2 months ago | jdsupra.com | Andrew Karp |Daniel E. Meade

We have written in prior Cabinet News & Views articles that, since the November elections, the U.S. federal banking regulators have been signaling significant changes in approach. This week, the FDIC kicked off the changes by sweeping away several significant actions taken under prior leadership. It withdrew, or revoked authority for staff to publish for comment, four important proposed rules, rescinded an important policy statement, and deferred certain compliance dates of a different rule.

Feb 12, 2025 | jdsupra.com | Andrew Karp

What is the direction of bank supervision and regulation under the Trump administration? As one would expect in these early days, the picture is evolving. A little over two weeks ago, the FDIC’s Acting Chairman, Travis Hill, published a list of his goals for the FDIC. In part, these goals amount to a rejection of the prior Chairman’s policies of tighter regulation and wariness toward innovation, which you can read more about here. Now comes the turn of Federal Reserve Governor Michelle Bowman.

Jan 23, 2025 | jdsupra.com | Andrew Karp

As the new administration settles in, it has begun to catalyze significant changes in the bank supervisory and regulatory environment. The FDIC is the first mover in this effort. Longtime director and sometime Chairman Martin Gruenberg resigned as a director over the weekend prior to the January 20 inauguration. He was succeeded by then Vice Chair, Travis Hill, who is now Acting Chair.

Nov 6, 2024 | law360.com | Andrew Karp

By Andrew Karp ( November 6, 2024, 4:30 PM EST) -- The Office of the Comptroller of the Currency's Committee on Bank Supervision sets the agency's supervision objectives and priorities. On Oct. 1, the committee released the OCC's bank supervision operating plan for fiscal year 2025.[1]... Law360 is on it, so you are, too. A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence.

Oct 13, 2024 | mondaq.com | Andrew Karp

CW Cadwalader, Wickersham & Taft LLP More Cadwalader, established in 1792, serves a diverse client base, including many of the world's leading financial institutions, funds and corporations.