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Bank Secrecy Act/Anti-Money Laundering: Frequently Asked Questions Regarding Treatment of Verifiable Digital Credentials Under the Customer Identification Program Rule
September 8, 2026 / Source: OCC
Summary On September 8, 2026, the Office of the Comptroller of the Currency (OCC), jointly with the Financial Crimes Enforcement Network (FinCEN), the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the National Credit Union Administration, issued answers to frequently asked questions (FAQ) related to the use of state-issued…
Car Loan Interest Deduction
September 4, 2026 / Source: IRS
AGENCY: Internal Revenue Service (IRS), Treasury. ACTION: Final regulations. SUMMARY: This document contains final regulations regarding the deduction forcertain taxpayers for an amount up to $10,000 of qualified passenger vehicle loaninterest. This document also contains final regulations regarding new informationreporting requirements for certain persons who, in a trade or business, receive from anyindividual interest aggregating…
IRS reminder: National Payroll Week is time for a paycheck checkup
September 4, 2026 / Source: IRS
Workers can review withholding; employers can revisit payroll tax responsibilities IR-2026-105, Sept. 4, 2026 WASHINGTON — The Internal Revenue Service today encouraged workers and employers to review withholding and payroll tax responsibilities ahead of National Payroll Week. Observed Sept. 7-11, National Payroll Week recognizes payroll professionals and the important role they play in helping ensure…
FDIC Issues List of Banks Examined for CRA Compliance
September 4, 2026 / Source: FDIC
WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today issued its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act (CRA). The list covers evaluation ratings that the FDIC assigned to institutions in June 2026. The CRA is a 1977 law that requires the FDIC to assess a bank’s record…
FinCEN Identifies Nearly $13 Billion Linked to Suspected Digital Asset Scams Operated by Overseas Scam Centers
September 3, 2026 / Source: FinCEN
Immediate Release September 03, 2026 Urges Financial Institutions to be Vigilant and Report Suspicious Activity WASHINGTON—Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) published an analysis and an alert to financial institutions to be vigilant to digital asset investment scams perpetrated by overseas scam centers. Today’s action is the latest in Treasury’s efforts to protect…
Mortgage Rates Average 6.71%
September 3, 2026 / Source: Freddie Mac
MCLEAN, Va., Sept. 03, 2026 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.71%. “The 30-year fixed-rate mortgage averaged 6.71% this week,” said Sam Khater, Freddie Mac’s Chief Economist. “Purchase demand has remained relatively stable indicating steady interest from buyers adapting to…
FinCEN Reissues Order Requiring Transparency from MSBs Along Southwest Border
September 2, 2026 / Source: FinCEN
WASHINGTON—Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) reissued a Geographic Targeting Order (GTO) to help law enforcement combat illicit activity and associated money laundering by Mexico-based cartels and other criminal actors along the southwest border of the United States. The GTO subjects certain money services businesses (MSBs)—which provide financial services outside of…
FinCEN, Agencies, Issue Joint Statement on Suspicious Activity Report Confidentiality Considerations Regarding Communications with Customers
September 2, 2026 / Source: FinCEN
Immediate Release September 02, 2026 Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN), together with the Board of Governors of the Federal Reserve System (Federal Reserve), the Federal Deposit Insurance Corporation (FDIC), the National Credit Union Administration (NCUA), and the Office of the Comptroller of the Currency (OCC) (collectively, the Agencies),…
Nacha: New Funds Availability Requirements Take Effect Sept. 18
September 1, 2026 / Source: Nacha
Beginning Sept. 18, 2026, a change to the Nacha Operating Rules (Nacha Rules) will accelerate funds availability for some non-Same Day ACH credit Entries (i.e., next day and 2-day credits). The change eliminates the condition that a credit be received by 5 p.m. on the prior day in order for the 9 a.m. funds availability…
Nacha: New Rule Providing Clarity on Definition of IATs Takes Effect Sept. 18
September 1, 2026 / Source: Nacha
A change to the Nacha Operating Rules intended to provide greater precision around International ACH Transactions (IATs) takes effect Sept. 18, 2026. The new Rule replaces the existing definition of an IAT to help ACH Network participants more easily determine when an ACH payment should be classified as an IAT. The new definition describes an…
FDIC’s Incident Detection and Response Program
September 1, 2026 / Source: OIG
The Office of Inspector General (OIG) of the Federal Deposit Insurance Corporation (FDIC) issued its report on the FDIC’s Incident Detection and Response Program. Under Federal law, regulation, and guidance, the FDIC is responsible for safeguarding information, data, and assets from loss, theft, or compromise. To do this, the FDIC must maintain the ability to prepare for, respond to, and…
OCC Releases CRA Performance Evaluations for 23 National Banks and Federal Savings Associations
September 1, 2026 / Source: OCC
WASHINGTON—The Office of the Comptroller of the Currency (OCC) today released a list of Community Reinvestment Act (CRA) performance evaluations that became public during the period of August 1, 2026, through August 31, 2026. Under the CRA, the OCC assesses an institution’s record of meeting the credit needs of its entire community, including low- and…
FSB Chair warns of risks arising from frontier Artificial Intelligence (AI) models
August 31, 2026 / Source: FSB
The Financial Stability Board (FSB) today published a letter from its Chair, Andrew Bailey, to G20 Finance Ministers and Central Bank Governors ahead of their meeting in Asheville, North Carolina. Mr Bailey notes that the Middle East conflict has exacerbated energy-driven inflationary pressures. Markets remain vulnerable to a potentially disorderly correction that could spread across borders, particularly…
OCC Issues Fourth Quarter 2026 and First Quarter 2027 CRA Evaluation Schedule
August 31, 2026 / Source: OCC
WASHINGTON—The Office of the Comptroller of the Currency (OCC) today released its schedule of Community Reinvestment Act (CRA) evaluations to be conducted in the fourth quarter of 2026 and the first quarter of 2027. The OCC encourages public comment on the CRA-related activities of the national banks and federal savings associations (collectively, banks) scheduled to…
Convicted Felon Fraud Promoter Sentenced to Federal Prison for Scheme Involving $6.5 Million in Stolen Checks
August 31, 2026 / Source: OIG
ATLANTA – Shamarri Tache Brooks, a multi-convicted felon and rapper, was sentenced to federal prison for a fraud scheme involving thousands of checks stolen from the mail. “In addition to personally committing bank fraud, Brooks brazenly marketed and sold fraud tutorials and trafficked thousands of stolen checks worth millions of dollars. Thankfully, Brooks’s ineptitude matched…
FinCEN Proposes Rule that Would Revoke Banque Misr UAE’s Correspondent Banking Access to U.S. Financial Institutions
August 28, 2026 / Source: FinCEN
Immediate Release August 28, 2026 Today, under Operation Economic Outcast, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) proposed a rule that would revoke Banque Misr UAE’s correspondent banking access to U.S. financial institutions. FinCEN issued a notice of proposed rulemaking (NPRM) finding that Banque Misr in the United Arab Emirates (UAE)…
FDIC Issues CRA Examination Schedules for Fourth Quarter 2026 and First Quarter 2027
August 28, 2026 / Source: FDIC
WASHINGTON—The Federal Deposit Insurance Corporation (FDIC) today issued the lists of institutions scheduled for a Community Reinvestment Act (CRA) examination during the fourth quarter 2026 and first quarter 2027. CRA regulations require each federal bank and thrift regulator to publish its quarterly CRA examination schedule at least 30 days before the beginning of each quarter. The…
FDIC: Disclosure of Information; Extension of Comment Period
August 28, 2026 / Source: Federal Deposit Insurance Corporation (FDIC).
AGENCY: Federal Deposit Insurance Corporation (FDIC). ACTION: Notice of proposed rulemaking; extension of comment period. SUMMARY: The FDIC is extending the public comment period on the proposed rule “Disclosure of Information,” which was published in the Federal Register on June 30, 2026. FDIC is extending the public comment period from August 31, 2026, to October…
Matters Requiring Attention for Violations of Laws and Regulations: Notice of Proposed Rulemaking
August 27, 2026 / Source: OCC
Summary The Office of the Comptroller of the Currency (OCC) issued a notice of proposed rulemaking to refine the standard for the issuance of matters requiring attention (MRA) in response to violations of laws and regulations (12 CFR 4.92). The proposed rule would establish two categories of violations: “substantive violations” and “technical violations.” The proposal…
OCC Bank Enforcement Actions, Matters Requiring Attention: Revised Policies and Procedures Manuals for Bank Enforcement Actions and Related Matters and Matters Requiring Attention
August 27, 2026 / Source: OCC
Summary The Office of the Comptroller of the Currency (OCC) today released two revised Policies and Procedures Manuals (PPM). Rescission This bulletin rescinds OCC Bulletin 2023-16, “Revised Policies and Procedures Manual for Bank Enforcement Actions and Related Matters,” issued on May 25, 2023. Note for Community Banks These policies and procedures apply to all OCC-supervised banks.1 Highlights…
OCC Acts to Improve Transparency and Consistency to Bank Enforcement and Supervisory Standards
August 27, 2026 / Source: OCC
WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced additional actions to focus supervisory attention on the most significant risks and violations and to provide banks greater clarity, consistency and certainty in how Matters Requiring Attention (MRA) and enforcement actions are issued. In connection with the final rule regarding unsafe or unsound practices…
Unsafe or Unsound Practices and Matters Requiring Attention: Final Rule
August 27, 2026 / Source: OCC
Summary The Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (collectively, the agencies) issued a joint final rule to define the term “unsafe or unsound practice” for purposes of section 8 of the Federal Deposit Insurance Act (12 USC 1818) and revise the supervisory framework for the issuance of…
Agencies Issue Final Rule to Prioritize Material Financial Risks
August 27, 2026 / Source: OCC
WASHINGTON—The Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation (the agencies) today issued a final rule that continues their effort to focus examiners’ and institutions’ attention on material financial risks and compliance with banking and banking-related laws and regulations. The final rule is consistent with the objectives of the agencies’ proposal issued…
Jury Convicts Las Vegas Business Owner of Cryptocurrency Ponzi Scheme
August 26, 2026 / Source: OIG
Defendant Fraudulently Obtained $24 million From At Least 400 Investors LAS VEGAS – A federal jury today convicted a Las Vegas business owner of fraudulently obtaining $24 million. “Financial fraud undermines the foundational trust of our economic system,” said First Assistant U.S. Attorney Sigal Chattah for the District of Nevada. “This verdict demonstrates our absolute commitment…
FTC Announces 2027 Telemarketer Fees to Access the National Do Not Call Registry
August 26, 2026 / Source: FTC
The Federal Trade Commission today announced new fees for telemarketers to access phone numbers on the National Do Not Call (DNC) Registry for Fiscal Year 2027 which begins on October 1, 2026. All telemarketers calling consumers in the United States are required to download the numbers on the National DNC Registry to ensure they do not call consumers…