On May 19, 2026, President Donald Trump signed an executive order aimed at reducing regulatory barriers for financial technology (fintech) firms and encouraging greater innovation in the financial services industry. The order directs federal financial regulators to review existing regulations, supervisory practices, and application processes that may limit fintech growth, partnerships, and access to the traditional banking system.

On May 15, 2026, the FDIC updated its Q&As on regulation governing FDIC Official Signs, Advertisement of Membership, False Advertising, Misrepresentation of Insured Status, and Misuse of the FDIC Name or Logo, to reflect the 2026 amendments to the rule (part 328). The Q&As provide answers to a collection of questions from stakeholders, including insured depository institutions (IDIs), trade associations, technology companies, vendors, and other entities, and are intended to promote transparency and support implementation efforts.

On May 15, 2026, the NCUA a proposed rule outlining the operational and risk management standards for an NCUA-licensed permitted payment stablecoin issuer (PPSI), as outlined in the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act. This supplements the February 2026 proposed regulations to govern investments in and licensing of PPSIs subject to the NCUA's jurisdiction. 

The proposed rule outlines rules for NCUA-licensed PPSIs and certain custody activities by federally insured credit unions and licensed issuers. It applies only to payment stablecoins under the NCUA’s authority and includes updates related to share insurance, tokenized shares, and other related regulations. The rules would take effect under the timeline set by the GENIUS Act and may be updated as the stablecoin industry evolves.

Comments on the proposed rule will be accepted until July 17, 2026.

Read the NCUA’s press release here.

On May 7, 2026, the OCC released its Spring 2026 edition of the publication Semiannual Risk Perspective. The publication addresses key issues facing banks, focusing on those that pose threats to the safety and soundness of banks and their compliance with applicable laws and regulations. 

On May 6, 2026, the NCUA announced the eleventh round of proposed regulatory changes associated with its Deregulation Project. The project is an ongoing review of NCUA’s regulations to ensure that regulations are focused on credit unions’ safety, soundness, and resilience.