Fed's removal of reputational risk

This is a positive step – and something Chair Powell committed he would work on during his February @BankingGOP hearing. Federal regulators must never again abuse reputational risk to carry out a political agenda against federally legal businesses. www.bloomberg.com/news/articles/2025-06-23/federal-reserve-to-eliminate-reputation-risk-in-bank-exams

The Fed’s removal of "reputational risk" is welcome news. Bank regulation should not be influenced by partisan considerations. www.reuters.com/sustainability/boards-policy-regulation/fed-no-longer-police-reputational-risk-banks-2025-06-23/

Arbitrary tools like reputational risk have no place in financial regulation, and this is a step in the right direction to end politically motivated debanking. Let's pass @SenatorTimScott's FIRM Act and eliminate reputational risk once and for all. www.bloomberg.com/news/articles/2025-06-23/federal-reserve-to-eliminate-reputation-risk-in-bank-exams

ONE KEY STEP toward ending #debanking & #OperationChokePoint2.0 👇but some of the tools used to effectuate that sad chapter in banking history are still in place. More to do. Keep going @SenLummis, @SenatorTimScott & @BankingGOP! www.federalreserve.gov/newsevents/pressreleases/bcreg20250623a.htm