New BANK Act of 2025

This bill requires federal banking regulators to publish annual reports tracking the status of bank and credit union charter applications. Specifically, it mandates the Comptroller of the Currency, Federal Reserve, FDIC, and National Credit Union Administration to report application volumes, approval timelines, and common reasons for denials or withdrawals for national banks, credit unions, holding companies, and state-chartered institutions. The reports must include state-level breakdowns for state-chartered banks and credit unions. This law increases transparency in the chartering process without changing banking regulations or affecting financial institutions directly.