Banking – Week of July 20 in Review

Written By Dwight Smith

Vacation schedules appear to now dictate the timing of legislative and regulatory developments.  Last week, anticipating a summer break, the House passed the Main Street Capital Access Act, and Senate Republicans (but not Democrats) produced the latest and possible near-final version of the Clarity Act.  The agencies were quiet, but the OCC acted on two de novo applications for banks with digital assets businesses – one approval and (somewhat surprisingly) one denial. 

Read the full detailed report in the PDF linked below:

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Dwight Smith
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Banking – Week of July 13 in Review