Daily Regulatory Briefing - Jul 30, 2026
Morgan here.This is Lex Reg Pulse Daily for Thursday, July 30, 2026.First, a correction.Yesterday's briefing described an OCC consent order on model risk management.That order doesn't exist.It came from an internal data error, not an OCC action.The related item on the OCC's updated Allowances for Credit Losses handbook was accurate and stands.Now to today.The Federal Reserve held its benchmark rate at 3.50 to 3.75 percent on July 29.The vote was 9 to 3 — the most dissents against a sitting chair since 1970.Three members — Beth Hammack, Neel Kashkari, and Lorie Logan — wanted a quarter-point…
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