Financial institutions news from around the web: June 2 – 6, 2025

FDIC eyes change in reserve ratio calculation 

Acting Chair Travis Hill suggested the agency use total liabilities rather than insured deposits as the denominator in the formula. The FDIC also rescinded a bank merger policy update from last year. 

CFPB seeks to end open banking case 

The Consumer Financial Protection Bureau and its former court foes are now in agreement: an open banking rule shouldn’t be considered lawful. 

Credit union industry pushes for inclusion in digital asset policy 

Officials want lawmakers to establish a framework that promotes innovation while allowing federally insured credit unions to engage responsibly in the digital asset space. 

BofA’s head of branches: ‘Proximity is still important to people’ 

Customers may or may not visit a branch, but the bank’s presence affirms its commitment to a community, and “there’s a brand value” in that, the executive said.