---
title: "Our Take: financial services… | Insights — Lyoen & Partners"
url: https://lyoenandpartners.com/insights/our-take-financial-services-regulatory-update
description: "PwC \"Our Take: financial services regulatory update\" (Jul 26, 2024) reports the Fed, OCC and FDIC issued their second request for comments on opportunitie…"
lang: en-US
---

Skip to content

Skip to main content

← Insights: https://lyoenandpartners.com/insights

Friday, July 26, 2024compliance

# Our Take: financial services regulatory update

PwC "Our Take: financial services regulatory update" (Jul 26, 2024) reports the Fed, OCC and FDIC issued their second request for comments on opportunities to reduce banks' regulatory burden — required by law every ten years — soliciting input on three new regulation categories: consumer protection; directors, officers and employees; and money laundering. A virtual public outreach meeting was scheduled for September 25, 2024. On the consumer-protection side, the CFPB on Jul 18 proposed an interpretive rule explaining that many paycheck-advance products marketed as "earned wage" may be consumer loans subject to the Truth in Lending Act. The update also touches cloud-adoption resources and AI initiatives. Useful regulatory context for SEA mid-market banks tracking US correspondent-banking shifts.

Sources

PwC (https://www.pwc.com/us/en/industries/financial-services/library/our-take/07-26-24.html)

Topic: Governance Execution: https://lyoenandpartners.com/insights/topic/governance-execution

## Structured data

```json
[
  {
    "@context": "https://schema.org",
    "@type": "WebSite",
    "name": "Lyoen & Partners",
    "url": "https://lyoenandpartners.com"
  },
  {
    "@context": "https://schema.org",
    "@type": "Organization",
    "name": "Lyoen and Partners Limited",
    "alternateName": "L&P",
    "url": "https://lyoenandpartners.com",
    "logo": "https://lyoenandpartners.com/apple-touch-icon.png",
    "description": "Fractional governance consulting and Board Operating System for mid-market CEOs and scale-up founders in Southeast Asia.",
    "foundingDate": "2024",
    "founder": {
      "@type": "Person",
      "name": "Sylvain Lyoen"
    },
    "address": {
      "@type": "PostalAddress",
      "addressLocality": "Wan Chai",
      "addressRegion": "Hong Kong"
    },
    "sameAs": [
      "https://www.linkedin.com/in/slyoen",
      "https://www.linkedin.com/company/lyoen-and-partners",
      "https://x.com/slyoen"
    ]
  },
  {
    "@context": "https://schema.org",
    "@type": "Article",
    "headline": "Our Take: financial services regulatory update",
    "description": "PwC \"Our Take: financial services regulatory update\" (Jul 26, 2024) reports the Fed, OCC and FDIC issued their second request for comments on opportunities to reduce banks' regulatory burden — required by law every ten years — soliciting input on three new regulation categories: consumer protection; directors, officers and employees; and money laundering. A virtual public outreach meeting was scheduled for September 25, 2024. On the consumer-protection side, the CFPB on Jul 18 proposed an interpretive rule explaining that many paycheck-advance products marketed as \"earned wage\" may be consumer loans subject to the Truth in Lending Act. The update also touches cloud-adoption resources and AI initiatives. Useful regulatory context for SEA mid-market banks tracking US correspondent-banking shifts.",
    "datePublished": "2024-07-26",
    "url": "https://lyoenandpartners.com/insights/our-take-financial-services-regulatory-update",
    "author": {
      "@type": "Organization",
      "name": "Lyoen & Partners Limited"
    },
    "publisher": {
      "@type": "Organization",
      "name": "Lyoen & Partners Limited",
      "url": "https://lyoenandpartners.com"
    }
  },
  {
    "@context": "https://schema.org",
    "@type": "BreadcrumbList",
    "itemListElement": [
      {
        "@type": "ListItem",
        "position": 1,
        "name": "Home",
        "item": "https://lyoenandpartners.com/"
      },
      {
        "@type": "ListItem",
        "position": 2,
        "name": "Insights",
        "item": "https://lyoenandpartners.com/insights"
      },
      {
        "@type": "ListItem",
        "position": 3,
        "name": "Our Take: financial services regulatory update",
        "item": "https://lyoenandpartners.com/insights/our-take-financial-services-regulatory-update"
      }
    ]
  }
]
```