OCC outlines plan for referring regulatory offenses to DOJ

Pursuant to an executive order on “overcriminalization,” the OCC said it will revise its guidance for referring regulatory offenses to the Department of Justice for criminal prosecution and will publish a review of criminally enforceable regulations by May 2026.

Cuts to Fed staff pay, CFPB funds blocked from tax bill

The Senate rules-keeper has decided that Republicans can’t use President Donald Trump’s multitrillion-dollar tax bill to strip all funding from the Consumer Financial Protection Bureau and to cut salaries for many Federal Reserve employees.