Rules intelligence

• The OCC has conditionally approved Crypto.com’s application for a charter. • This approval follows similar conditional approvals for trust charters at Circle, Ripple, Paxos, and Bridge.

The Office of the Comptroller of the Currency (OCC) has conditionally approved Stripe subsidiary Bridge for a trust charter; this approval follows similar green lights for digital-asset firms Circle, Ripple, and Paxos.

- A 1.2% tax applies to gross income generated from transactions where Washington state credit unions buy banks. - The tax will be effective for deals submitted for regulatory approval after January 1, 2026.

- Senthil Kumar will become Huntington’s Chief Risk Officer as the bank transitions to a Category III status with increased liquidity and capital requirements. - More frequent stress tests are expected under this new...

- Both Ford and GM must establish their respective banks within 12 months. - They must maintain a minimum 15% tier 1 leverage ratio after standing up the bank.

• The NCUA Board is issuing an interim final rule to correct the numbering of one system of records and exempt another from certain Privacy Act requirements. • This action was taken without advance...

- The CFPB and FRB have set dollar thresholds for consumer credit and lease transactions in 2026 under Regulation Z and Regulation M. - These thresholds determine which transactions are subject to certain protections.

- The threshold for higher-priced mortgage loans subject to special appraisal requirements will increase from $33,500 to $34,200. - This change applies to credit unions and is effective in 2026.

• The 2024 Home Mortgage Disclosure Act (HMDA) data is now available, containing loan-level information from financial institutions with consumer privacy protections. • This data provides insights into mortgage lending practices and can be...