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Fed Proposes Removing Reputation Risk in Bank Supervision

2/24/2026

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Summary

Story summary

The U.S. Federal Reserve proposes removing 'reputation risk' from its bank supervision, with a 60-day public comment period.
The aim is for banks to judge risk by measurable financial factors, not public perception.
Vice Chair Michelle W. Bowman warned about debanking, where banks refuse services for political or religious beliefs.
The proposal, building on a June announcement, does not weaken safety requirements and could aid the crypto industry.

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Story summary

The U.S. Federal Reserve proposes removing 'reputation risk' from its bank supervision, with a 60-day public comment period.
The aim is for banks to judge risk by measurable financial factors, not public perception.
Vice Chair Michelle W. Bowman warned about debanking, where banks refuse services for political or religious beliefs.
The proposal, building on a June announcement, does not weaken safety requirements and could aid the crypto industry.