Senate Democrats urged Comptroller of the Currency Jonathan Gould and FDIC Chair Travis Hill to withdraw a proposed rule that would redefine "unsafe or unsound" practices in the banking sector.

The FDIC extended the comment period until May 18, 2026, for a proposed rule that would establish procedures for FDIC-supervised institutions to obtain approval to issue payment stablecoins through subsidiaries.

FINRA eliminated the requirement for firms to submit draft negative consent letters for staff review before effecting bulk account transfers.

The CFTC’s Market Participants Division reissued and revised a staff no-action letter addressing the acceptance by a futures commission merchant of payment stablecoins and other non-security digital assets as collateral for customer positions.

The PCAOB reviewed current standards and guidance for auditors of broker-dealers on the testing of financial transactions between broker-dealers and their affiliates.