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Minutes of the Federal Open Market Committee, September 15-16, 2026
October 7, 2026 / Source: Federal Reserve
The Federal Reserve on Wednesday released the minutes of the Federal Open Market Committee meeting that was held on September 15–16, 2026. The minutes for each regularly scheduled meeting of the Committee are generally published three weeks after the day of the policy decision. The descriptions of economic and financial conditions contained in these minutes…
Comptroller Gould Announces New Efforts to Combat Financial Fraud in Minnesota
October 7, 2026 / Source: OCC
WASHINGTON—Comptroller of the Currency Jonathan V. Gould convened a panel of community bankers in Minneapolis, Minnesota, October 6 to discuss ongoing efforts to combat financial fraud. The Comptroller’s visit supports the Trump Administration’s priority to eliminate fraud and protect Americans from illicit activity. In a discussion with local community bankers, the Comptroller discussed recent financial…
New Technologies Bring Threats and Opportunities to Community Banks
October 6, 2026 / Source: Conference of State Bank Supervisors
Washington, D.C. – Emerging technologies are having a sizeable impact on community banks, according to the 2026 Conference of State Bank Supervisors’ (CSBS) Annual Survey of Community Banks. Net interest margins and core deposit growth remained the top two external risks, with nearly 60% of community bankers voicing concern about the potential impact of stablecoins…
Speech: Modernizing the Regulatory and Supervisory Landscape
October 6, 2026 / Source: Board of Governors of the Federal Reserve System
Modernizing the Regulatory and Supervisory Landscape Vice Chair for Supervision Michelle W. Bowman At the 2026 Community Banking Research Conference, sponsored by the Federal Reserve System, the Conference of State Bank Supervisors, and the Federal Deposit Insurance Corporation, St. Louis, Missouri Watch Live Good morning. It is good to be here with you this morning…
Treasury Reports Major Progress in Preventing Fraud and Improper Payments
October 6, 2026 / Source: U.S. Department of the Treasury
Do Not Pay Reaches 99% of Federal Programs and New Safeguards Verify Over $3.7 Trillion in Payments WASHINGTON — The U.S. Department of the Treasury and the Bureau of the Fiscal Service announced significant Fiscal Year 2026 results from Treasury’s efforts to prevent fraud and improper payments to better protect taxpayer dollars, fulfilling key requirements of Executive…
SEC to Host Virtual National Compliance Outreach Seminar for Investment Companies and Investment Advisers
October 6, 2026 / Source: U.S. Securities and Exchange Commission
The Securities and Exchange Commission’s Compliance Outreach Program announced today that it will host a virtual national seminar for investment companies and investment advisers on November 19, 2026. The purpose of the event is to help chief compliance officers and senior personnel at investment advisory firms and investment companies enhance their compliance programs to protect…
FinCEN Announces Withdrawals of Proposed Digital Asset Related Rules
October 5, 2026 / Source: FinCEN
The Financial Crimes Enforcement Network (FinCEN) is withdrawing the following proposed rules that would have imposed certain regulatory requirements on financial institutions related to certain digital assets, specifically convertible virtual currencies: FinCEN has considered the comments submitted in response to these proposals and is withdrawing them as part of the Trump Administration’s deregulatory agenda…
Nacha: It’s Time to Fulfill a New Rules Requirement
October 5, 2026 / Source: Nacha
Thanksgiving isn’t too far off (it seems like it was just July 4) and before you know it 2027 will be here. When New Year’s Day arrives, it brings with it a new Nacha Rules requirement. But it’s one that should be easy to fulfill. In fact, you can do it right now, well before…
Community Bank Optimism Slips as Economic Uncertainty Grows
October 5, 2026 / Source: CSBS
Washington, D.C. – Community banker outlook on future conditions remained positive despite dropping for the fourth consecutive quarter, according to the 2026 third quarter results of the Community Bank Sentiment Index (CBSI), released by the Conference of State Bank Supervisors (CSBS) today. The nine-point drop from the prior quarter marked one of the largest in…
FDIC Issues List of Banks Examined for CRA Compliance
October 5, 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 July 2026. The CRA is a 1977 law that requires the FDIC to assess a bank’s record of meeting the…
Consolidated Reports of Condition and Income for Third Quarter 2026
October 5, 2026 / Source: FDIC
This Financial Institution Letter and the attached Supplemental Instructions for the September 30, 2026, report date should be shared with the individual(s) responsible for preparing the Call Report at your institution. There are no new data items in the Call Report forms this quarter. The instructions for all three Call Report forms have been updated to be consistent…
Treasury Dismantles Major Hamas Financing Network
October 2, 2026 / Source: U.S. Department of the Treasury
WASHINGTON—Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated a member of Hamas’s military wing, along with two France-based individuals and two affiliated entities that provide critical financing to Hamas. These designations expose a sophisticated, multi‑year financing architecture that moved more than $2 million to Hamas through deceptive charitable fronts and cryptocurrency…
Fair Lending Report of the Consumer Financial Protection Bureau for 2025
October 2, 2026 / Source: CFPB
In 2025, the Consumer Financial Protection Bureau (CFPB) transformed its fair lending program by refocusing its regulatory, supervisory, and enforcement activities on its statutory authority and identified consumer harm. Under previous administrations, the CFPB was weaponized and had gone beyond its statutory mandate. In the area of fair lending specifically, CFPB leadership uncovered egregious examples…
Federal Reserve Board announces it will extend, until November 4, the comment period on its proposal to modernize Regulation O
October 2, 2026 / Source: Federal Reserve
The Federal Reserve Board announced Friday that it will extend, until November 4, the comment period on its proposal to modernize Regulation O, its rule governing the extension of credit by a bank to its “insiders”—bank executives, board members and major shareholders who could potentially influence a bank’s lending decisions. The Board extended the comment…
OCC Releases CRA Performance Evaluations for 13 National Banks and Federal Savings Associations
October 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 September 1, 2026, through September 30, 2026. Under the CRA, the OCC assesses an institution’s record of meeting the credit needs of its entire community, including low- and…
Treasury Announces the Completion of Automatic Enrollment Today for Trump Accounts
October 1, 2026 / Source: U.S. Department of the Treasury
WASHINGTON — Today, the U.S. Department of the Treasury announced the completion of automatic enrollment for Trump Accounts, expanding access and creating a pathway for philanthropic contributions to invest in the financial futures of millions of American children. Trump Accounts are tax-advantaged investment accounts for American children under the age of eighteen. Claiming a child’s account…
Operation Economic Outcast Takes Unprecedented Action Against Sanctions Evasion Network Used by Iran
October 1, 2026 / Source: FinCEN
Today, as part of Operation Economic Outcast, the U.S. Department of the Treasury took unprecedented action against the A7 Network, a shadow banking network with ties to Russia used by the Iranian regime to evade sanctions. Treasury’s Financial Crimes Enforcement Network (FinCEN) proposed a rule that would prohibit transmittals of funds regarding transactions involving the…
Mortgage Rates Average 7.28%
October 1, 2026 / Source: Freddie Mac
MCLEAN, Va., Oct. 01, 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 7.28%. “With mortgage rates on their current trajectory, the housing market continues to be supported by favorable economic conditions,” said Sam Khater, Freddie Mac’s Chief…
Counter Terrorism and Transnational Criminal Organizations Designations; Belarus, Counter Narcotics, and Libya Designations Removals
September 30, 2026 / Source: U.S. Department of the Treasury
Treasury Sanctions Financial Network of Foreign Terrorist Organization, Tren de Aragua, After Theft of Millions from U.S. Banks Recent Actions Body Specially Designated Nationals List Updates The following individuals have been added to OFAC’s SDN List: CANELON AGUIRRE, Anibal Alexander (a.k.a. “Prometheus”; a.k.a. “The Engineer”), Venezuela; DOB 15 May 1976; POB Venezuela; nationality Venezuela; Gender…
Concentrations of Credit: Revised Comptroller’s Handbook Booklet and Rescissions
September 30, 2026 / Source: Office of the Comptroller of the Currency
Summary The Office of the Comptroller of the Currency (OCC) issued today version 3.0 of the “Concentrations of Credit” booklet of the Comptroller’s Handbook. Rescissions This booklet replaces version 2.0 of the booklet of the same title. Also rescinded is OCC Bulletin 2020-90, “Concentrations of Credit: Revised Comptroller’s Handbook Booklet and Rescissions,” which transmitted version…
Federal Reserve Board finalizes changes to enhance the transparency and public accountability of its stress test and reduce volatility in its stress test-related capital requirements
September 30, 2026 / Source: Board of Governors of the Federal Reserve System
The Federal Reserve Board on Wednesday finalized changes to enhance the transparency and public accountability of its stress test and reduce volatility in its stress test-related capital requirements. The two final rules are largely similar to the proposed rules from 2025. The Board also requested comment on a proposal to better capture differences in banks’…
Treasury Sanctions Financial Network of Foreign Terrorist Organization, Tren de Aragua, After Theft of Millions from U.S. Banks
September 30, 2026 / Source: U.S. Department of the Treasury
WASHINGTON—Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated 10 targets involved in a Tren de Aragua (TdA) fraud scheme that has become a key source of revenue for the organization. TdA is a Foreign Terrorist Organization (FTO) responsible for violent and exploitative criminal activity across the Western Hemisphere—including drug…
U.S. Department of the Treasury and U.S. Department of Education Launch New Defaulted Loans Support Center
September 30, 2026 / Source: U.S. Department of the Treasury
New Online Portal Provides Streamlined Options for Millions of Borrowers to Address Defaulted Loans and Return to Repayment WASHINGTON – The U.S. Department of the Treasury (Treasury) and the U.S. Department of Education (ED) announced the launch of the Defaulted Loans Support Center, a new online portal that gives Americans with defaulted federal student loans a simpler…
Publication of Regulatory Amendments; Publication of Cuba Sanctions Regulations; Issuance of New and Amended Cuba-related Frequently Asked Questions; Publication of Cuba-related OFAC Alert
September 29, 2026 / Source: U.S. Department of the Treasury
09/29/2026 Recent Actions Body The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is issuing a rule removing duplicative regulatory provisions and reorganizing multiple parts within the Code of Federal Regulations (CFR). Through these actions, OFAC is eliminating over 100 subparts from its chapter of the CFR, and making information regarding delegations of…
DOJ’s Fraud Division Uncovers $1.34M in Stolen Social Security Benefits in One Month Takedown, Including Fraudster Who Allegedly Hid Deceased Mother in Garage Freezer
September 29, 2026 / Source: U.S. Department of Justice
11 U.S. Attorney’s Offices, along with federal investigative agencies, participate in Social Security Administration fraud enforcement surge Today, the Justice Department’s National Fraud Enforcement Division announced the results of a surge of criminal enforcement actions targeting fraud in the Social Security Administration (SSA)’s benefits programs, including Supplemental Security Income (SSI). Between Aug. 21 and Sept….