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FinCEN Issues Alert on Fraud Schemes Targeting Federal Student Aid
July 24, 2026 / Source: FinCEN
July 24, 2026 WASHINGTON—Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued an Alert urging financial institutions to detect, prevent, and report suspicious activity connected to fraud schemes targeting student aid programs administered by the Federal government. Today’s action is the latest in Treasury’s efforts, led by President Trump and Vice President Vance,…
Proposed Amendment to the Definition of Huione Group, a Financial Institution Operating Outside the United States of Primary Money Laundering Concern; Extension of Comment Period
July 24, 2026 / Source: Financial Crimes Enforcement Network (FinCEN), Treasury.
AGENCY: Financial Crimes Enforcement Network (FinCEN), Treasury. ACTION: Notice of proposed rulemaking; extension of comment period. SUMMARY: FinCEN is extending the comment period for the referenced notice of proposed rulemaking (NPRM) it published to amend the existing definition of Huione Group to include, within the definition of that group, H-Pay Service PLC, and adding and…
Q4 Events Are Now Available – Register Today
July 23, 2026 / Source: Compliance Alliance
Registration is now open for our Q4 events! Our lineup includes webinars, live Compliance Huddles, and the Wealth Management & Trust Compliance Conference. Upcoming Q4 Webinars All webinars start at 12:30 PM Pacific / 1:30 PM Mountain / 2:30 PM Central / 3:30 PM Eastern. Compliance Huddles Every month, Compliance Alliance gathers bankers from our…
FCC Consumer Alert: Bank Impersonation Scams
July 23, 2026 / Source: FCC
Consumer Complaints:Online: https://consumercomplaints.fcc.govPhone: (888) 225-5322Videophone: 1-844-432-2275 FCC Consumer Alert: Bank Impersonation ScamsBank Imposters Pressure Consumers to Take Immediate Action to Protect Their Money The Federal Communications Commission today warned consumers to be alert for bank impersonation scams. Imposter scams continue to bombard consumers and, according to the FTC, bank impersonation scams account for the highest…
FinCEN Extends Comment Period for Proposed Rule To Amend the Definition of Huione Group
July 22, 2026 / Source: FinCEN
Immediate Release July 22, 2026 Due to a technological issue that prevented the public from electronically filing comments for several days, the Financial Crimes Enforcement Network (FinCEN) is extending the comment period for the notice of proposed rulemaking (NPRM) it published in June to amend the existing definition of Huione Group to include H-Pay Service…
Treasury Announces Investment Lineup for Trump Accounts
July 22, 2026 / Source: U.S. Department of the Treasury
July 1, 2026 WASHINGTON, D.C. — The U.S. Department of the Treasury today announced the investment lineup for Trump Accounts, including the initial default investment that will be available at launch and four additional low-cost index fund options that responsible parties will be able to elect in the coming months. Through Trump Accounts, American families will…
DOL: Technical Release 2026-02 – Trump Accounts
July 22, 2026 / Source: DOL
Purpose and OverviewIn anticipation of the U.S. Department of the Treasury’s (Treasury) plan to implement a program facilitating the establishment of Trump accounts (Trump accounts) pursuant to section 530A of the Internal Revenue Code (Code), the regulated community has requested that the Department of Labor (Department) clarify whether Title I of the Employee Retirement Income…
Treasury Successfully Implements New Safeguard to Stop Payments to Deceased Individuals
July 21, 2026 / Source: U.S. Department of the Treasury
July 21, 2026 New Verification Process Screened Over 885 Million Federal Payments Worth Nearly $2.7 Trillion WASHINGTON – The U.S. Department of the Treasury and the Bureau of the Fiscal Service announced the successful implementation of a new government-wide payment verification process that helps stop federal payments from being sent to deceased individuals, fulfilling a key…
Reporting Forms and Instructions Associated With Requirements and Standards for FDIC-Supervised Permitted Payment Stablecoin Issuers
July 20, 2026 / Source: Federal Deposit Insurance Corporation (FDIC)
AGENCY: Federal Deposit Insurance Corporation (FDIC). ACTION: Notice and request for comment. SUMMARY: The FDIC invites comment on new forms and instructions associated with an Office of Management and Budget (OMB) control number (3064-0225) assigned in connection with a notice of proposed rulemaking. In accordance with the requirements of the Paperwork Reduction Act of 1995…
FTC: Proposed Policy Statement Concerning the Suppression of Accuracy in Artificial Intelligence Systems
July 20, 2026 / Source: FTC
July 1, 2026 An AI company might be tempted to alter or steer the output of its systemscontrary to consumers’ reasonable expectations for various reasons, including attempted compliance with a state law, such as Colorado’s recently revised Artificial Intelligence Act. But steering an AI system in this manner may deceive consumers in violation of Section…
White House Launches Gold Eagle Initiative for Unprecedented Cybersecurity Vulnerability Coordination
July 20, 2026 / Source: The White House
The White House July 14, 2026 President Trump’s bold vision to secure and accelerate American artificial intelligence (AI) innovation is being actioned through the creation of “GOLD EAGLE,” a clearinghouse that enables unprecedented cybersecurity vulnerability coordination. Open-source software partners and American critical infrastructure companies built a coordinated system to receive and patch cyber vulnerabilities at…
GENIUS Act: Proposed Reporting Forms and Instructions for FDIC-Supervised Permitted Payment Stablecoin Issuers
July 17, 2026 / Source: FDIC
July 17, 2026 Summary: On April 10, 2026, as part of a proposed rule that would implement requirements under the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, the Federal Deposit Insurance Corporation (FDIC) proposed a new information collection that would include weekly and quarterly reporting forms that must be completed by FDIC-supervised…
Allowances for Credit Losses: Revised Comptroller’s Handbook Booklet and Rescissions
July 16, 2026 / Source: OCC
OCC Bulletin 2026-33|July 16, 2026 Summary The Office of the Comptroller of the Currency (OCC) issued today version 2.0 of the “Allowances for Credit Losses” booklet of the Comptroller’s Handbook. The booklet provides information for examiners regarding allowances for credit losses (ACL) under Accounting Standards Codification (ASC) Topic 326, “Financial Instruments—Credit Losses.” Rescissions The following are rescinded…
Agencies Issue Joint Statement on Handling of Highly Sensitive Information During Bank Examinations
July 16, 2026 / Source: OCC
News Release 2026-60|July 16, 2026 The federal bank regulatory agencies today issued a joint statement describing enhanced security procedures for review of highly sensitive information in connection with examinations of supervised banks, such as reviewing materials on-site rather than transferring them onto agency systems. The statement discusses a coordinated approach to identifying highly sensitive data and…
SBA Expands Use of Palantir Software to Accelerate Pandemic Fraud Crackdown
July 15, 2026 / Source: Small Business Administration
WASHINGTON — Today, the U.S. Small Business Administration (SBA) announced a new phase in its anti-fraud initiative in which it is deploying Palantir Technologies (Palantir) software to advance the agency’s ongoing efforts to identify, investigate, and help prosecute fraud in pandemic-era small business relief programs, including the Paycheck Protection Program (PPP) and COVID Economic Injury Disaster Loan (COVID EIDL)…
Speech – Responsible Innovation and Financial Inclusion
July 14, 2026 / Source: Federal Reserve Board
July 14, 2026 Vice Chair for Supervision Michelle W. Bowman Good afternoon, and thank you for joining us today at the Board’s third annual Financial Inclusion Conference.1 While I am unable to join you in person, I wanted to highlight the importance of financial inclusion in building a strong and stable financial system and an economy…
Minutes of the Board’s discount rate meetings on June 8 and June 17, 2026
July 14, 2026 / Source: Federal Reserve Board
July 14, 2026 The Federal Reserve Board on Tuesday released the minutes from its recent meetings to review and determine the discount rates provided to depository institutions through the discount window. Today’s minutes cover the Board meetings that occurred on June 8 and June 17, 2026. The Board’s process for setting the discount rate is…
Community Bankers Continue Rosy Outlook Despite Concerns
July 14, 2026 / Source: CSBS
July 13, 2026Washington, D.C. – Community bankers nationwide remain broadly optimistic about future economic conditions at the year’s midpoint, according to the Conference of State Bank Supervisors’ (CSBS) latest quarterly poll. The second quarter 2026 Community Bank Sentiment Index (CBSI) registered 129, down slightly from 131 in the previous quarter and four points below the record high of…
Agencies Issue Guidance on Lending to Individuals Not Legally Authorized to Work in the United States
July 13, 2026 / Source: OCC
News Release 2026-57|July 13, 2026 The Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the National Credit Union Administration (collectively, the agencies) today issued guidance to remind supervised financial institutions of existing supervisory expectations with respect to credit risk management, particularly as it relates to borrowers who are not legally authorized…
Bank Supervision: Interagency Guidance on Lending to Individuals Not Legally Authorized to Work in the United States
July 13, 2026 / Source: OCC
OCC Bulletin 2026-31|July 13, 2026 Summary On July 13, 2026, following the President’s Executive Order on “Restoring Integrity to America’s Financial System,” the Office of the Comptroller of the Currency (OCC), Federal Deposit Insurance Corporation (FDIC), and National Credit Union Administration (NCUA) issued guidance reminding supervised financial institutions to apply existing safe-and-sound credit risk management practices…
Board of Governors of the Federal Reserve System: Inflation Adjustments for Civil Money Penalties
July 13, 2026 / Source: Board of Governors of the Federal Reserve System
AGENCY: Board of Governors of the Federal Reserve System. ACTION: Notice. SUMMARY: The Board of Governors of the Federal Reserve System (the “Board”) is providing notice that pursuant to the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015 the Board’s civil money penalty (“CMP”) amounts will not increase for 2026.
CFPB Request for Information Regarding Promoting Access to Mortgage Credit
July 10, 2026 / Source: CFPB
This notice requests information from the public about potential regulatory changes that may reduce regulatory burdens and promote access to mortgage credit, as appropriate and consistent with applicable law. The Consumer Financial Protection Bureau (Bureau or CFPB) seeks to reduce unwarranted regulatory burdens to ensure that creditworthy borrowers can access mortgage credit. Specifically, the CFPB…
OCC Notification: FinCEN Guidance on Voluntary Information Sharing
July 9, 2026 / Source: Office of the Comptroller of the Currency
Summary The Office of the Comptroller of the Currency (OCC) is highlighting the updated Section 314(b) Fact Sheet recently issued by the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN). Among other guidance, FinCEN’s updated Section 314(b) Fact Sheet clarifies how financial institutions can share information with each other about suspected fraud under section 314(b)…
RentGrow to Pay $2.25 Million to Settle FTC Allegations the Company Violated the Fair Credit Reporting Act and FTC Act
July 9, 2026 / Source: Federal Trade Commission
FTC alleges tenant screening company violated the FCRA’s requirements, including by reporting duplicate records and by failing to disclose sources of data. RentGrow, a provider of consumer reports for tenant screening, will be required to pay $2.25 million to settle Federal Trade Commission allegations that the company violated the Fair Credit Reporting Act (FCRA), including…
FDIC Encourages Voluntary Information Sharing Under 314(b) of the USA PATRIOT Act
July 9, 2026 / Source: Federal Deposit Insurance Corporation
On June 12, 2026, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued updated guidance clarifying how financial institutions can voluntarily share information under section 314(b) of the USA PATRIOT Act. The FDIC recognizes fraud and other unlawful activity are a significant and growing concern nationwide for banks and consumers, and the…