A new chapter of artificial intelligence (AI) governance is underway, catalyzed by two significant developments. First, DeepSeek’s success in developing an advanced, open-weight model at comparatively less expense than leading labs in the United States demonstrates that reaching the technological frontier is more accessible to more actors than previously anticipated.
The House Financial Services Committee has approved its part of the massive budget bill, saving some $1 billion by, among other things, slashing the CFPB’s budget by more than 60%.
The Federal Deposit Insurance Corporation (FDIC) today issued its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act (CRA). The list covers evaluation ratings that the FDIC assigned to institutions in February 2025.
Today the Office of the Comptroller of the Currency (OCC) released a request for information (RFI) on community banks’ engagement with digitalization.
Staff of the Federal Trade Commission published Frequently Asked Questions (FAQs) designed to provide consumers and businesses with information regarding the agency’s Rule on Unfair or Deceptive Fees, which takes effect on May 12, 2025.
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