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Federal Reserve Proposes Rules for Payment Stablecoin Issuers. The Federal Reserve has proposed two rules establishing a regulatory framework for its supervised payment stablecoin issuers under the GENIUS Act. The first proposal would require payment stablecoin issuers to fully back their stablecoins with permissible reserve assets and establish capital requirements and risk management standards. The second proposal would establish an application process for Federal Reserve-supervised banks applying to issue payment stablecoins. Read the announcement and the first and second proposed rules.
September 25, 2026
FDIC Updates Consumer Compliance Examination Manual. The FDIC has updated Section II-11 of its Consumer Compliance Examination Manual, which covers appeals. The updates address amendments made to the FDIC’s Guidelines for Appeals of Material Supervisory Determinations. View the manual, including a redline version identifying all changes.
September 25, 2026
FDIC Updates Applications Procedures Manual. The FDIC has updated Section 22 of its Applications Procedures Manual, which covers golden parachutes and indemnification payments to institution-affiliated parties. The updates incorporate and clarify information in the FDIC’s Guidance on Golden Parachute Applications and describe the record keeping requirements for combined applications, which cover payments made to multiple individuals in a single filing. View the manual, including a redline version identifying all changes.
September 25, 2026
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