Search Results for keywords:"reputational risk"

Search Results: keywords:"reputational risk"

S. 875 — To curtail the political weaponization of Federal banking agencies by eliminating reputational risk as a component of the supervision of depository institutions.
March 06, 2025
Status:Introduced in Senate
Congress:119
Words:1,170
S. 875 aims to prevent the political influence of federal banking agencies by removing "reputational risk" from their oversight of banks and credit unions. The bill asserts that using reputational risk allows agencies to unfairly limit access to financial services for certain...
Simple Explanation
The bill wants to make sure that bank rules are fair by stopping them from being influenced by whether something looks bad, like a rumor. It means banks and credit unions shouldn't get treated differently just because someone thinks they might look bad.
S. 875 — To curtail the political weaponization of Federal banking agencies by eliminating reputational risk as a component of the supervision of depository institutions.
March 18, 2025
Status:Reported to Senate
Congress:119
Words:3,207
S. 875, known as the "Financial Integrity and Regulation Management Act" or the "FIRM Act," aims to prevent Federal banking agencies from using reputational risk as a reason to supervise or regulate depository institutions. The bill argues that such risks have been used to...
Simple Explanation
The FIRM Act is like a rule that tells banks they can't stop helping people just because they might look bad. It wants to make sure banks and those in charge don't use silly reasons to limit who can use money services.
H. R. 2702 — To curtail the political weaponization of Federal banking agencies by eliminating reputational risk as a component of the supervision of depository institutions.
April 08, 2025
Status:Introduced in House
Congress:119
Words:1,180
H.R. 2702, known as the "Financial Integrity and Regulation Management Act" or "FIRM Act," aims to prevent federal banking agencies from using reputational risk as part of their oversight of banks and financial institutions. The bill defines reputational risk as the potential harm from...
Simple Explanation
H.R. 2702, called the "FIRM Act," is a rule that says people who check on banks must stop worrying about whether the bank might look bad because of what others say, so they can focus on more important things.
S. 401 — To amend the Federal Reserve Act to prohibit certain financial service providers who deny fair access to financial services from using taxpayer funded discount window lending programs, and for other purposes.
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February 04, 2025
Status:Introduced in Senate
Congress:119
Words:3,108
S. 401, also known as the “Fair Access to Banking Act,” is a bill aimed at amending the Federal Reserve Act to prevent financial service providers from using government-funded lending programs if they deny fair access to their services for political or subjective reasons. It mandates that...
Simple Explanation
The "Fair Access to Banking Act" is a rule that says big banks and financial companies can't use government money if they unfairly refuse to help people with their banking needs, and they must explain why they won't provide their services if asked.

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