This is a CFPB proposal, which I will bet will either get delayed or altered to the point of uselessness by the time it gets implemented in 2025, considering it exclusively targets large banks.

I can’t say for certain yet because the RFC closes tomorrow, so I’m hoping they make an announcement soon on what will actually happen.

But fair, I did say give one example and this hasn’t happened yet so I can’t say it’s necessarily not going to happen.