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WASHINGTON--A split among Republicans over President Trump’s recent executive order directing regulators to increase immigration-related scrutiny of bank customers surfaced Thursday during a House Financial Services Committee hearing, where lawmakers questioned banking regulators about the potential impact on financial institutions and consumers, Law360 reported.

WASHINGTON--State banking regulators are urging the Treasury Department not to rely solely on forthcoming Office of the Comptroller of the Currency (OCC) rules when determining whether state stablecoin regulatory frameworks meet the standards required under the GENIUS Act, arguing that states should retain flexibility to tailor oversight while still meeting federal requirements.

WASHINGTON--Credit union priorities took center stage on Capitol Hill Thursday as America’s Credit Unions President and CEO Scott Simpson joined members of the association’s advocacy team for meetings with key lawmakers and policymakers to advance the industry’s legislative agenda.

TOPEKA, Kans.--Kansas City Federal Reserve President Jeffrey Schmid suggested Thursday that the Federal Reserve's next policy debate may center on whether to keep interest rates steady or raise them further, signaling growing concern that inflation remains stubbornly above the central bank's target, according to Reuters.