The past week was a busy one, featuring several developments on AI and several speeches by Federal Reserve governors – and, on the final day of the week, a lawsuit by community banks against the OCC for chartering national trust banks that engage in non-fiduciary activities. On the regulatory front, the Fed finalized two rules on stress testing and proposed another, and the Treasury Department proposed changes to the CDFI program.
Read the full detailed report in the PDF linked below: