On August 22, 2024, the OCC, Federal Reserve Board, FDIC, NCUA, CFPB, FHFA, CFTC, SEC, and Treasury issued a joint notice of proposed rulemaking to implement the Financial Data Transparency Act of 2022 ("FDTA"). 

On June 25, 2023, Governor Michelle W. Bowman of the US Federal Reserve Board (FRB) gave a speech at the Salzburg Global Seminar on Global Turbulence and Financial Resilience reflecting her views on the way ahead for regulatory reform resulting from the series of bank failures across the United States in the spring of 2023, including Silicon Valley Bank (SVB), Signature Bank (Signature), and First Republic Bank.

On May 25, 2023, the Office of the Comptroller of the Currency (OCC) announced revisions made to its Policies and Procedures Manual 5310-3 (PPM). The updated PPM is intended to address concerns for banks that exhibit, or fail to correct, “persistent weakness.” The PPM now includes “Appendix C: Actions Against Banks with Persistent Weaknesses” to clarify how the OCC determines if a bank has persistent weaknesses and what actions the OCC may take to address them.