The FDIC proposes changes to bank supervision, focusing on core financial risks and eliminating nonfinancial issues. The first proposal redefines “safety and soundness” to include only risks causing substantial financial harm. The second rule eliminates “reputation risk” standards. Acting chairman Travis Hill calls the standard “ripe for abuse” and prohibits bias-based service denials. Industry groups blame the standard for “debanking.” Trump previously signed an executive order for fair access to banking services.

Read more at Yahoo Finance: US regulator to restrict bank examiners’ oversight to strictly financial risks