June 28, 2026 to July 04, 2026

This is Queen Street Analytics' weekly digest of regulatory developments, legislative discussions and other government-related news for professionals in the financial industry, banking, credit unions, insurance, payment processing, fintech, credit card issuing, asset management, venture capital, private equity, and crypto-currencies. Once a week, we break down the most important updates in this space in under five minutes.

Want to track other GR news in adjacent industries? Don’t miss this week’s updates in ICT & Cybersecurity. Also consider subscribing to our Finance - Ottawa edition covering critical GR news north of the border.

📋 In This Week's Newsletter

• 🇺🇸 Federal Government News
• 📜 Legislative Updates
• 📚 What We're Reading This Week

Federal Government News

FDIC Proposes Major Changes to Deposit Insurance Assessments

The Federal Deposit Insurance Corporation has announced a proposed rule to significantly update assessment thresholds, lower the small bank/large bank cutoff to $30 billion, and implement a new schedule of deposit insurance rates. The proposed rule would also introduce a resolution readiness adjustment for large and highly complex banks, with performance-based assessment reductions available for institutions meeting new data room and access criteria. The asset threshold for small versus large institutions will now adjust every four years for inflation, and the new rate schedule decreases assessment rates by up to two basis points for many banks. Comments are open until August 31, 2026.

Sources: www.federalregister.gov

SEC Approves Amended National Market System Plan Fee Schedule for SIP Data

The Securities and Exchange Commission has approved, with modifications, the CT Plan's amended fee schedule for consolidated equity market data (SIP data). The amended schedule harmonizes Non-Professional and Professional Use fees across tapes and includes new criteria for redistributor and direct/indirect access categories. The fee plan incorporates feedback from market participants and the public, and directs the Operating Committee to publish quarterly data on usage, fees, and processor performance to monitor ongoing impact. The new fee structure will take effect with full CT Plan implementation.

Sources: www.federalregister.gov

FDIC Proposes Comprehensive Overhaul of Confidential Information Disclosure Rules

The FDIC has released a sweeping proposed rule to update disclosure regulations for confidential information. Notably, the proposal would permit banks to share confidential FDIC supervisory information with affiliates, counsel, auditors, core service providers, and potential counterparties in business transactions without FDIC pre-approval, subject to confidentiality agreements. The rule also reorganizes FOIA procedures, expands self-disclosure options for banks, and relocates service of process provisions. The comment period closes August 31, 2026.

Sources: www.federalregister.gov

FDIC Board Holds Closed Meeting on Corporate Resolution, Supervision, and Activities

On June 25, 2026, the FDIC Board of Directors convened a closed meeting to address matters concerning the agency's resolution, supervision, and corporate activities. The meeting, held under sections of the Government in the Sunshine Act, followed standard practice for discussing non-public corporate and supervisory business.

Sources: www.federalregister.gov

Legislative Updates

Protecting Investors’ Personally Identifiable Information Act (H.R. 1483)

The House Financial Services Committee ordered this bill reported as amended by a 27-21 vote. The measure addresses new rules concerning protection of investors' personally identifiable information within the finance sector.

Sources: www.congress.gov

FCRA Liability Harmonization Act (H.R. 5775)

This legislation, which seeks to harmonize Fair Credit Reporting Act liability provisions, was ordered to be reported as amended by a 27-23 vote in committee. It would modify the structure of civil penalties for credit reporting violations.

Sources: www.congress.gov

Earned Wage Access Consumer Protection Act (H.R. 9330)

The House committee ordered this bill reported as amended by a 29-22 vote. The bill introduces standards and consumer protections for earned wage access products, establishing new compliance requirements for providers.

Sources: www.congress.gov

Clarity for Compensation Act (H.R. 7187)

The Clarity for Compensation Act was ordered reported by the House committee by a unanimous 51-0 vote. The measure addresses standardized disclosure requirements related to employee compensation in the financial sector.

Sources: www.congress.gov

Fair Credit Reporting Reseller Accuracy Act (H.R. 8141)

The committee ordered this bill to be reported as amended by voice vote. The bill mandates accuracy requirements and compliance standards for credit reporting resellers handling consumer data.

Sources: www.congress.gov

What We're Reading This Week

• India insurance regulator plans overhaul of commission rules to curb mis-selling, sources say: India’s insurance regulator aims to reform commission rules to address issues of mis-selling, according to Reuters.
• Why Some Banks Still Charge High Overdraft Fees: The New York Times examines persistent high overdraft fees at some U.S. banks despite industry pressure.
• U.N. Staves Off Financial Collapse With Rule Change Around U.S. Nonpayment: The Wall Street Journal reports the United Nations altered rules to avoid a financial crisis stemming from U.S. dues nonpayment.
• Private Credit Can’t Stop the ‘Freak Out’: The New York Times reports on investor withdrawals shaking confidence in private credit markets.
• Europe could be a 'compelling story' J.P. Morgan says, lifts equity index targets: Reuters covers J.P. Morgan's revised bullish outlook for European equities.
• UK dilutes stablecoin capital requirement in final crypto rulebook: Reuters details the UK’s easing of capital requirements for stablecoins in its finalized cryptocurrency regulatory framework.
• Chinese regulator proposes changes to refinancing rules for listed companies: Reuters reports that China’s securities regulator is seeking feedback on draft rules updating refinancing requirements for listed firms.

.