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Supervisory Relief to Help Financial Institutions and Facilitate Recovery for the Leech Lake Band of Ojibwe of the Leech Lake Indian Reservation in Minnesota Affected by Severe Storms and Straight-line Winds
November 6, 2025 / Source: Federal Deposit Insurance Corporation
Summary: The FDIC has announced a series of steps intended to provide regulatory relief to institutions and facilitate recovery in areas of the Leech Lake Indian Reservation in Minnesota affected by severe storms and straight-line winds. Please review the FDIC’s Disaster Page to review information about what to do if your bank is affected. Statement of Applicability: The…
Supervisory Relief to Help Financial Institutions and Facilitate Recovery in Areas of Alaska Affected by Severe Storms, Flooding, and Remnants of Typhoon Halong
November 6, 2025 / Source: Federal Deposit Insurance Corporation
Summary: The FDIC has announced a series of steps intended to provide regulatory relief to institutions and facilitate recovery in areas of Alaska affected by severe storms, flooding, and Typhoon Halong. Please review the FDIC’s Disaster Page to review information about what to do if your bank is affected. Statement of Applicability: The contents of, and material referenced…
Treasury Sanctions Hizballah Operatives Exploiting Lebanon’s Cash Economy
November 6, 2025 / Source: US Department of the Treasury
November 6, 2025 WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is taking action to support the disarmament of Hizballah by sanctioning individuals who facilitated funneling tens of millions of dollars from Iran to Hizballah in 2025, using exchange houses to take advantage of Lebanon’s cash-based financial sector. Hizballah…
U.S. Arrests Five Fugitives Wanted by Germany for Massive Fraud Scheme
November 5, 2025 / Source: US Department of Justice
The United States arrested five international fugitives at the request of the Federal Republic of Germany, which has charged the individuals for their roles in a network involving German payment service processors that defrauded thousands of victims of more than €300 million and created a shadow financial system in Germany. Pursuant to its treaty obligations,…
Federal Reserve Board finalizes changes to its supervisory rating framework for large bank holding companies
November 5, 2025 / Source: Board of Governors of the Federal Reserve System
The Federal Reserve Board on Wednesday finalized changes to its supervisory rating framework for large bank holding companies. The finalized framework is substantially similar to the proposal issued in July. The revisions contained in the finalized framework more accurately reflect the strength of individual banks and better align the finalized framework with supervisory rating systems used for…
Report to the Secretary of the Treasury from the Treasury Borrowing Advisory Committee
November 5, 2025 / Source: US Department of the Treasury
November 5, 2025 November 4, 2025 Letter to the Secretary Dear Mr. Secretary, Since the TBAC last met in late July, financial markets have exhibited low volatility, reflecting diminished uncertainty, resilient activity in both the US and global economy, and, more recently, a lack of market-moving US economic data due to the ongoing government…
Webinar: ATR/QM Rule Qualified & Quantified
November 4, 2025 / Source: Compliance Alliance
Published: November 3rd, 2025 Description: This Back 2 Basics webinar will review the requirements of the Ability-to-Pay and Qualified Mortgage rules, how they may affect your bank’s mortgage lending, and how to comply with them. We will review the scope of the rule, General and Seasoned Qualified Mortgages, higher-priced covered transactions, the rules surrounding the…
Tokenized Deposit Guidance and Robust Stablecoin Rules Must Be Issued in Tandem
November 4, 2025 / Source: Conference of State Bank Supervisors
Nov 4, 2025 Download PDF Share: Washington, D.C. – In separate letters to the U.S. Treasury Department and the federal banking agencies, CSBS outlined important policy considerations to foster a national regulatory framework for stablecoins and tokenized deposits that protects consumers, promotes financial stability, and provides a level playing field for traditional financial institutions and new…
Speech: The Economic Outlook and Monetary Policy
November 3, 2025 / Source: Board of Governors of the Federal Reserve System
Governor Lisa D. Cook At The Brookings Institution, Washington, D.C. Watch Live Thank you, David. I appreciate the opportunity to speak again at the Brookings Institution.1 It is always an honor for me to return to the place where I held my first job as an aspiring economist. I had the good fortune to be a…
Economy Statement for the Treasury Borrowing Advisory Committee
November 3, 2025 / Source: US Department of the Treasury
November 3, 2025 Introduction Economic data received through September 30, 2025, suggest that U.S. economic growth solidified in the third quarter of 2025 with steady business investment and consumer demand. Stock markets reached record highs during the quarter—and have set additional highs since—while earnings growth has been stable. Meanwhile, yields on U.S. Treasury notes and…
US Senators Request Response from CFPB Regarding “Shutting Down” Agency
October 30, 2025 / Source: US Senate, Committee on Banking, Housing, and Urban Affairs
October 27, 2025The Honorable Russell VoughtActing DirectorConsumer Financial Protection Bureau1700 G St. NWWashington, DC 20552 Dear Acting Director Vought: We write with serious concern about your blunt admission last week, in an interview across thestreet from the White House, that you plan to “close down” the Consumer Financial ProtectionBureau (CFPB) “within the next two or…
Opening Remarks: Vice Chair for Supervision Michelle W. Bowman
October 30, 2025 / Source: Board of Governors of the Federal Reserve System
Good morning and welcome to the third public outreach meeting hosted by the federal banking agencies related to the Economic Growth and Regulatory Paperwork Reduction Act (EGRPRA). The bank regulatory system has grown extensively in recent years and has become overly complicated with often conflicting and overlapping requirements. The growth of these requirements has imposed unnecessary…
Tillis Introduces Discussion Draft on Legislation to Ban Politically Motivated De-banking
October 30, 2025 / Source: Thom Tillis, US Senator for North Carolina
WASHINGTON, D.C. – Today, Senator Thom Tillis (R-NC) introduced a discussion draft of the Ensuring Fair Access to Banking Act, legislation that seeks to prevent the denial of banking services for politically motivated reasons. Specifically, the legislation guards against both regulator and financial institution-initiated de-banking by establishing a strong federal fair access standard, a robust enforcement mechanism, and…
Mortgage Rates Continue to Trend Down
October 30, 2025 / Source: Freddie Mac
MCLEAN, Va., Oct. 30, 2025 (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 6.17%. “Mortgage rates decreased for the fourth consecutive week. The last few months have brought lower rates and homebuyers are increasingly entering the market,” said Sam Khater, Freddie Mac’s…
Fair Credit Reporting Act; Preemption of State Laws
October 30, 2025 / Source: Consumer Financial Protection Bureau
Action: Interpretive Rule. Summary: The Consumer Financial Protection Bureau (Bureau) is issuing this interpretive rule to clarify that the Fair Credit Reporting Act (FCRA) generally preempts State laws that touch on broad areas of credit reporting, consistent with Congress’s intent to create national standards for the credit reporting system. This interpretive rule replaces a July…
Joint Agencies (FDIC/FRB/OCC) Present: Economic Growth and Regulatory Paperwork Reduction Act Outreach Meeting #3
October 29, 2025 / Source: Federal Deposit Insurance Corporation
Event Date Thursday, October 30, 2025, 9:45 a.m.–1 p.m. ET Location Federal Reserve Bank of Kansas City, 1 Memorial Drive Kansas City, MO, 64198 AND Virtual On October 30, 2025 the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation (collectively, the…
Federal Reserve issues FOMC statement
October 29, 2025 / Source: Board of Governors of the Federal Reserve System
Available indicators suggest that economic activity has been expanding at a moderate pace. Job gains have slowed this year, and the unemployment rate has edged up but remained low through August; more recent indicators are consistent with these developments. Inflation has moved up since earlier in the year and remains somewhat elevated. The Committee seeks…
FHFA House Price Index® Up 0.4 Percent in August; Up 2.3 Percent from Last Year
October 28, 2025 / Source: Federal Housing Finance Agency
10/28/2025 Washington, D.C. – U.S. house prices rose 0.4 percent in August, according to the U.S. Federal Housing (FHFA) seasonally adjusted monthly House Price Index (FHFA HPI®). House prices rose 2.3 percent from August 2024 to August 2025. The previously reported 0.1 percent price decline in July was revised to 0.0 percent. For the nine census…
Comptroller Issues Statement on Federal Reserve Board’s Proposal to Enhance Transparency and Public Accountability of its Annual Stress Test
October 27, 2025 / Source: Office of the Comptroller of the Currency
WASHINGTON — Comptroller of the Currency Jonathan V. Gould issued the following statement today following the Federal Reserve Board’s request for comment on its stress test models, changes to the framework that guides the design of the hypothetical scenarios, and other elements of the stress test process: The OCC commends Vice Chair for Supervision Michelle…
OCC Requests Comments on Proposed Rescission of Its Recovery Planning Guidelines
October 27, 2025 / Source: Office of the Comptroller of the Currency
WASHINGTON—The Office of the Comptroller of the Currency (OCC) today requested comment on a proposal to rescind its recovery planning guidelines for certain large insured national banks, federal savings associations, and federal branches (banks). Under the proposal, the recovery planning guidelines that went into effect January 1, 2025, and applied to banks with at least…
Standards for Recovery Planning by Certain Large Insured National Banks, Insured Federal Savings Associations, and Insured Federal Branches: Final Guidelines
October 27, 2025 / Source: Office of the Comptroller of the Currency
Summary The Office of the Comptroller of the Currency (OCC) is issuing a notice of proposed rulemaking to rescind its guidelines establishing standards for recovery planning by certain large insured national banks, federal savings associations, and federal branches (recovery planning guidelines) at 12 CFR 30, appendix E. The OCC invites the public to comment on…
Federal Reserve Board requests comment on proposals to enhance the transparency and public accountability of its annual stress test
October 26, 2025 / Source: Board of Governors of the Federal Reserve System
Consistent with its prior statement, the Federal Reserve Board on Friday requested comment on proposals to enhance the transparency and public accountability of its annual stress test. The proposals seek comment on: the stress test models; changes to the framework that guides the design of the hypothetical scenarios; and the hypothetical scenarios for the upcoming…
Treasury Sanctions Colombian President Gustavo Petro and His Support Network
October 26, 2025 / Source: US Department of the Treasury
October 24, 2025 WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is designating Gustavo Francisco Petro Urrego (Gustavo Petro), the President of Colombia, pursuant to counternarcotics-related authorities. In addition, OFAC is also designating several supporters of Gustavo Petro, namely his wife, his son, and a close associate. “Since President Gustavo Petro…
Mortgage Rates Decrease to Lowest Level in Over a Year
October 23, 2025 / Source: Freddie Mac
MCLEAN, Va., Oct. 23, 2025 (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 6.19%. “Mortgage rates continued to trend down this week, hitting their lowest level in over a year,” said Sam Khater, Freddie Mac’s Chief Economist. “At the start of 2025,…
FinCEN Identifies $9 Billion of Iranian Shadow Banking Activity in 2024
October 23, 2025 / Source: FinCEN
Immediate ReleaseOctober 23, 2025WASHINGTON—Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued a Financial Trend Analysis (FTA) identifying approximately $9 billion of potential Iranian shadow banking activity that occurred through U.S. correspondent accounts in 2024, based on reporting from U.S. financial institutions. This FTA, which supports President Trump’s maximum pressure campaign…