Treasury Secretary's Focus on Small Business Lending and Regulation

Treasury Secretary Scott Bessent is focusing on ensuring banks can lend to small businesses and re-focusing regulations on safety and soundness. Silicon Valley Bank failed due to regulators being distracted by issues like climate change and DEI. Capital requirements will be adjusted to support American innovation and business.

Bank Stress Tests Lawsuit Against Federal Reserve

A group of banks and business groups are suing the Federal Reserve over the annual bank stress tests. They aim to resolve legal violations by subjecting the stress test process to public input. The Fed is looking to make changes to the stress tests to improve transparency and reduce volatility of capital buffer requirements.