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Fair Lending, Climate Risk Top FDIC Agenda Now Set by Democrats

Feb. 7, 2022, 4:30 PM

The FDIC’s new Democratic leadership plans to focus on modernizing anti-redlining laws, assessing the risks that climate change poses to banks, and toughening merger reviews, the agency’s acting chief Martin Gruenberg said.

Gruenberg said Monday that the Federal Deposit Insurance Corp. also plans to issue “robust guidance” on the risks cryptocurrencies pose to banks and their consumers and finish Basel III international capital requirements.

“All of these priorities will require close collaboration among the federal banking agencies,” he said in a statement announcing the agency’s busy 2022 agenda.

Gruenberg said the FDIC intends to release a joint proposal with the ...