Fed Issues Final Stress Test Rules, Boosting Transparency The Federal Reserve on Wednesday issued final rules codifying its changes to the stress testing framework, which will bring transparency and public accountability to the process. The Fed also re-proposed the pre-provision net revenue models, a particular weak point of the prior framework, in response to public …

Washington, D.C. – BPI Executive Vice President & Co-Head of Regulatory Affairs, Paige Pidano Paridon, issued the following statement today in response to a lawsuit filed by the Independent Community Bankers of America against the Office of the Comptroller of the Currency for authorizing novel entities to enter the banking system without being subject to the …

Washington, D.C. – BPI Senior Vice President and Head of Government Affairs Erik Rust issued the following statement today in response to the introduction of the Stop SIM Box Scams Act: “Illegal calls and texts are the weapons of choice for criminals defrauding Americans in record numbers. That is why we have long called for banning …

To read the first post in this series, click here. The Federal Reserve is heading toward a smaller balance sheet. Chairman Warsh made his view plain before taking office: “The Fed’s bloated balance sheet, designed to support the biggest firms in a bygone crisis era, can be reduced significantly” (Warsh 2025). In June, he charged …