Banking compliance professionals require hot-topic news on consumer and regulatory compliance updates, decisions, amendments, changes and launches from across a wide spectrum of news agencies and federal websites. Not only do we update our News pages with individual news items and their links, but these are sent to members in a Daily Bank Compliance email that can be signed up for once new members log-in. Compliance Alliance monitors these agencies for bank compliance news updates throughout the day—posting relevant information to our News page. This is a valuable resource for Bank Managers and their employees.
Whitelist [email protected] to ensure that you receive your update email.
If you’re still having difficulties receiving this Daily Email Campaign, please contact us at once through [email protected].
Speech – A View on Financial Stability
May 25, 2025 / Source: FRB
Thank you, Alessandra, for organizing us today, and thanks to you, Veronica Guerrieri, and Marina Azzimonti for initiating this effort seven years ago. I am honored to be with so many friends in macroeconomics at the 2025 Women in Macro Conference. I still read, recommend, and cite your work and am grateful to New York…
Agency Information Collection Activities; Proposed Renewal: Comment Request: Renewal Without Change of Reports of Transactions with Foreign Financial Agencies
May 25, 2025 / Source: FinCEN
Release Date May 23, 2025 Agency Information Collection Activities; Proposed Renewal: Comment Request: Re… Action Type Notice and Request for Comment, Forms Renewal/Update
Agency Information Collection Activities; Proposed Renewal: Comment Request: Renewal Without Change of Prohibition on Correspondent Accounts for Foreign Shell Banks; Records Concerning Owners of Foreign Banks and Agents for Service of Legal Process
May 22, 2025 / Source: FinCEN
Release Date May 22, 2025 Agency Information Collection Activities; Proposed Renewal: Comment Request: Re… Action Type Notice and Request for Comment, Forms Renewal/Update
Readout from Secretary of the Treasury Scott Bessent’s Meeting with Finance Minister Katsunobu Kato of Japan
May 22, 2025 / Source: Treasury
BANFF – Today, Secretary of the Treasury Scott K.H. Bessent met with Finance Minister Katsunobu Kato of Japan on the margins of the G7 Finance Ministers and Central Bank Governors meetings in Banff, Canada. Secretary Bessent and Minister Kato discussed important issues pertaining to the U.S.-Japan economic relationship, including global security and the ongoing bilateral…
Student Loan Debt Relief Scam Operators Agree to be Permanently Banned from Industry, Turn Over Assets to Resolve FTC Charges
May 22, 2025 / Source: FTC
The operators of an alleged transnational student loan debt relief scam have agreed to be permanently banned from the debt relief industry and to turn over more than $1 million in assets to resolve Federal Trade Commission charges that the operation bilked millions out of struggling student loan borrowers. “It is illegal for debt relief…
Treasury Sanctions High-Ranking Members of Foreign Terrorist Organization Cartel del Noreste
May 21, 2025 / Source: Treasury
WASHINGTON — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned two high-ranking members of the Mexico-based Cartel del Noreste (CDN), formerly known as Los Zetas. CDN, one of the most violent drug trafficking organizations in Mexico and a U.S.-designated Foreign Terrorist Organization (FTO), exerts significant influence over the border region, especially…
Statement of Policy on Bank Merger Transactions: Rescission and Reinstatement
May 20, 2025 / Source: FDIC
Summary: The Federal Deposit Insurance Corporation (FDIC) Board of Directors today approved the rescission of the agency’s 2024 Statement of Policy on Bank Merger Transactions (2024 Statement of Policy) and the reinstatement of the Statement of Policy on Bank Merger Transactions (Bank Merger Statement of Policy) that was in effect prior to 2024. As noted…
FDIC Board of Directors Releases Semiannual Update on Deposit Insurance Fund Restoration Plan
May 20, 2025 / Source: FDIC
WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) Board of Directors today released the latest semiannual update on the Restoration Plan for the agency’s Deposit Insurance Fund (DIF). FDIC staff projects that the reserve ratio remains on track to reach the statutory minimum of 1.35 percent ahead of the statutory deadline of September 30, 2028….
OCC Announces Deputy Comptroller for Community and Industry Relations
May 20, 2025 / Source: OCC
WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced Andrew Moss as the Deputy Comptroller for Community and Industry Relations, effective June 2. “Andrew’s strong leadership, extensive experience in financial inclusion, and dedication to community and industry partnerships will strengthen the agency’s critical outreach and community development activities,” said Acting Comptroller of the…
CSBS Catalyst Initiative Aims to Develop New Technologies for Supervisory Challenges
May 20, 2025 / Source: CSBS
Washington, D.C. – The Conference of State Bank Supervisors (CSBS) today announced its new Catalyst Initiative, which seeks to address state financial regulatory agencies’ key supervisory challenges and reduce regulatory burden. The initiative will focus on partnering with the private sector to leverage modern technology and improve the efficiency and effectiveness of financial services supervision. “The Catalyst…
Secretary Turner, Secretary Burgum Visit Underutilized Federal Land for Affordable Housing Development in Southern Nevada
May 19, 2025 / Source: HUD
NEVADA – U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner and U.S. Department of Interior (DOI) Secretary Doug Burgum visited Southern Nevada to further the discussion about increasing affordable housing opportunities through development of underutilized federal land. Secretary Turner and Secretary Burgum were welcomed by Nevada Governor Joe Lombardo and Representative Mark Amodei…
Speech – Liquidity Facilities: Purposes and Functions
May 19, 2025 / Source: FRB
Thank you, President Bostic, for that kind introduction and for the opportunity to talk to this group today.1 I am delighted to be here, and I look forward to discussions at this important conference. The theme of today’s conference is developments in financial intermediation and potential implications for monetary policy. As this conference embarks on a…
FTC Releases Tentative Agenda for Attention Economy Workshop on June 4
May 19, 2025 / Source: FTC
The Federal Trade Commission has released the tentative agenda for its June 4, 2025 workshop on “The Attention Economy: How Big Tech Firms Exploit Children and Hurt Families.” The workshop, which will take place in person and online, will examine how Big Tech companies impose addictive design features, erode parental authority, and fail to protect children from…
OCC Announces Enforcement Actions for May 2025
May 15, 2025 / Source: OCC
WASHINGTON—The Office of the Comptroller of the Currency (OCC) today released enforcement actions taken against individuals currently and formerly affiliated with banks the OCC supervises. The OCC uses enforcement actions against banks to require the board of directors and management to take timely actions to correct the deficient practices or violations identified. Actions taken against…
Student Loan Fraudsters Permanently Banned From Debt Relief Industry And Required to Turn Over All Assets as Result of FTC Action
May 15, 2025 / Source: FTC
As a result of a Federal Trade Commission lawsuit, a fraudulent student loan debt relief operation and its owners are permanently banned from the debt relief industry and required to turn over all assets to resolve allegations that they misled consumers. “Consumers looking to pay off their student loan debt should not have to worry…
Treasury Disrupts Financial Facilitation Network Supporting Hizballah Terrorists
May 15, 2025 / Source: Treasury
WASHINGTON —Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) is targeting two senior Hizballah officials and two financial facilitators for their roles in coordinating financial transfers for Hizballah. These individuals, based in Lebanon and Iran, work closely with Hizballah leadership to send money to the group from overseas donors. These donations…
Interest Rate Risk: Interest Rate Risk Statistics Report
May 14, 2025 / Source: OCC
Summary The Office of the Comptroller of the Currency (OCC) today published the spring 2025 edition of the Interest Rate Risk Statistics Report. The report presents interest rate risk data gathered during examinations of OCC-supervised midsize and community banks and federal savings associations (collectively, banks). The statistics are for informational purposes only and do not represent…
Statement by Secretary Scott Bessent on Reconciliation Vote: Republicans Continue Strong Progress Toward Enacting President Trump’s Economic Agenda
May 14, 2025 / Source: Treasury
WASHINGTON – U.S. Secretary of the Treasury Scott Bessent issued the following statement upon the House Ways & Means Committee’s successful vote of reconciliation legislation: “Today, House Republicans continued strong progress toward enacting President Trump’s economic agenda and preventing historic tax hikes on families and businesses,” said Secretary Bessent. “The President’s plan for prosperity is…
Treasury Targets Iran’s Efforts to Domestically Manufacture Key Ballistic Missile Components
May 14, 2025 / Source: Treasury
WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is designating six individuals and 12 entities for their involvement in efforts to help the Iranian regime domestically source the manufacturing of critical materials needed for Tehran’s ballistic missile program. Those sanctioned support the various Islamic Revolutionary Guard Corps (IRGC) sub-organizations…
FDIC’s Office of the Ombudsman Publishes 2024 Annual Report of Activities
May 13, 2025 / Source: FDIC
Summary: The Federal Deposit Insurance Corporation’s (FDIC) Office of the Ombudsman today published a report highlighting its activities and the services provided to stakeholders during 2024. The Office of the Ombudsman is a resource for bankers and other stakeholders seeking an independent, neutral, and confidential liaison for informally discussing disagreements with findings or conclusions of…
HUD Announces More Than $1.1 Billion for Affordable Housing in Tribal Communities
May 13, 2025 / Source: HUD
WASHINGTON – Today, U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner announced more than $1.1 billion in Indian Housing Block Grant (IHBG) funding for eligible Native American Tribes, Alaska Native Villages, and Tribally Designated Housing Entities (TDHEs) to carry out affordable housing activities in Indian Country. “From day one, HUD has been engaged…
Deputy Secretary Michael Faulkender’s Remarks Before U.S. Bancorp Fly-In Meeting
May 13, 2025 / Source: Treasury
As prepared for delivery. Thank you for inviting me to join you all today. It is a privilege to be with so many banking leaders who play a critical role in shaping the financial landscape throughout our nation. Four days after the attacks on September 11, 2001, I was in Washington, DC for the very…
Agencies Issue Host State Loan-to-Deposit Ratios
May 12, 2025 / Source: FDIC
Joint Release Federal Deposit Insurance Corporation Federal Reserve Board Office of the Comptroller of the Currency Federal bank regulatory agencies today jointly issued updated host state loan-to-deposit ratios, as required by law (PDF). Each respective host state loan-to-deposit ratio shows the ratio of total loans in a state to total deposits in the state for all…
Speech – Economic Outlook
May 12, 2025 / Source: FRB
Thank you, Reamonn. It is an honor and a privilege to be asked to speak in the beautiful country of Ireland and here at the Central Bank of Ireland. The histories of the U.S. and Ireland are intertwined. Our friendship is enduring, and our economies are closely tied. The Irish economy and the Bank stand…
United States Department of the Treasury Announces New Appointment
May 11, 2025 / Source: Treasury
WASHINGTON — Secretary of the Treasury Scott Bessent announced today President Trump’s intent to nominate Jonathan McKernan to serve as the Undersecretary of Domestic Finance at the U.S. Department of the Treasury. McKernan has been an advisor at the Treasury Department while awaiting Senate confirmation to lead the Bureau of Consumer Financial Protection. During that time, McKernan…