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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…
U.S. House Prices Rise 2.1 Percent Year over Year; Up 0.3 percent Quarter over Quarter
August 25, 2026 / Source: FHFA
08/25/2026 Washington, D.C. – U.S. house prices rose 2.1 percent between the second quarter of 2025 and the second quarter of 2026, according to the U.S. Federal Housing (FHFA) House Price Index (FHFA HPI®). House prices for the second quarter of 2026 rose 0.3 percent compared to the first quarter of 2026. FHFA’s seasonally adjusted monthly index for June remained…
FDIC-Insured Institutions Reported Return on Assets of 1.37 Percent and Net Income of $90.1 Billion in Second Quarter 2026
August 25, 2026 / Source: FDIC
WASHINGTON— The Federal Deposit Insurance Corporation (FDIC) today released the results of its latest Quarterly Banking Profile, a comprehensive summary of financial results based on reports from 4,238 insured commercial banks and savings institutions. In second quarter 2026, FDIC-insured institutions reported a return on assets (ROA) ratio of 1.37 percent and aggregate net income of $90.1 billion,…
Minutes of the Board’s discount rate meetings on July 20 and July 29, 2026
August 25, 2026 / Source: Federal Reserve Board
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 July 20 and July 29, 2026. The Board’s process for setting the discount rate is distinct from the…
Texas Bankers Association supports launch of industry-owned blockchain network
August 25, 2026 / Source: TBA
8/25/2026 (AUSTIN) – Today, the Texas Bankers Association and 38 state bankers associations from across America announced the formation of BankChain Alliance to provide customers secure, modern banking services at financial institutions of all sizes. Representing one of the most expansive efforts among state bankers associations, the Alliance is creating an industry-owned, industry-designed and industry-governed network built on a common blockchain platform. The BankChain Alliance network will allow participating financial institutions the ability to provide emerging banking capabilities while maintaining the regulatory standards, security, and trust that customers…
Interagency Rescission of the Interagency Statement on Special Purpose Credit Programs under the Equal Credit Opportunity Act and Regulation B
August 24, 2026 / Source: FDIC, NCUA, OCC, CFPB, HUD, DOJ, and FHFA
AGENCY: The Federal Deposit Insurance Corporation (FDIC), the National Credit UnionAdministration (NCUA), the Office of the Comptroller of the Currency (OCC), the ConsumerFinancial Protection Bureau (CFPB or Bureau), the Department of Housing and UrbanDevelopment (HUD), the Department of Justice (DOJ), and the Federal Housing FinanceAgency (FHFA) ACTION: Notice. SUMMARY: FDIC, NCUA, OCC, CFPB, HUD, DOJ,…
Treasury Announces the Quantum-Readiness Task Force
August 24, 2026 / Source: U.S. Department of the Treasury
August 24, 2026 WASHINGTON, D.C. —The U.S. Department of the Treasury today announced the launch of the Quantum-Readiness Task Force, following President Donald J. Trump’s Executive Order 14412 establishing guidelines to strengthen cryptographic protections for America’s sensitive data, critical infrastructure, and digital economy. The Task Force supports the Administration’s efforts to secure American innovation; strengthen supply chains; and…
Interest rates remain the same for the fourth quarter of 2026
August 21, 2026 / Source: IRS
IR-2026-98, Aug. 21, 2026 WASHINGTON — The Internal Revenue Service today announced that interest rates will remain the same for the calendar quarter beginning Oct. 1, 2026. For individuals, the rate for overpayments and underpayments will be 7% per year, compounded daily. Here is a complete list of the new rates: Under the Internal Revenue…
U.S. Treasury Proposes Common Sense and Low-Cost Investment Rules for Trump Accounts
August 20, 2026 / Source: U.S. Department of the Treasury
August 20, 2026 WASHINGTON, D.C. — The U.S. Department of the Treasury today announced proposed guidance governing eligible investments in Trump Accounts, with a focus on keeping costs low, promoting broad diversification, and helping children’s savings grow over the long term. “Every dollar in a child’s Trump Account should be working toward that child’s financial future, not…
Mortgage Rates Decline for Second Consecutive Week
August 20, 2026 / Source: Freddie Mac
MCLEAN, Va., Aug. 20, 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 6.65%. “The 30-year fixed-rate mortgage declined this week averaging 6.65%,” said Sam Khater, Freddie Mac’s Chief Economist. “With a dip in rates providing modest relief for homebuyers, it’s important…
READOUT: FinCEN Holds Engagement to Eliminate Hospice Fraud in California
August 19, 2026 / Source: FinCEN
Immediate Release August 19, 2026 LOS ANGELES — On August 17, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) convened law enforcement and financial institutions for an engagement on health care benefits fraud, including the exploitation of hospice care services. Participants discussed new and emerging health care fraud schemes targeting federal and state…
Comptroller Gould Discusses Digital Asset Innovation, GENIUS Next Steps
August 19, 2026 / Source: OCC
News Release 2026-69 | August 19, 2026 WASHINGTON—Comptroller of the Currency Jonathan V. Gould today discussed the Office of the Comptroller of the Currency’s (OCC) work under the leadership of President Donald J. Trump and U.S. Secretary of the Treasury Scott Bessent to support the Administration’s efforts to grow the economy and lead the global digital…
Minutes of the Federal Open Market Committee, July 28–29, 2026
August 19, 2026 / Source: Board of Governors of the Federal Reserve System
The Federal Reserve on Wednesday released the minutes of the Federal Open Market Committee meeting that was held on July 28–29, 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…
SEC Proposes New Regulation Crypto Assets
August 18, 2026 / Source: SEC
For Immediate Release 2026-76 Washington D.C., Aug. 18, 2026 — The Securities and Exchange Commission today announced that it proposed new rules, titled “Regulation Crypto Assets,” that would create a clear and fit-for-purpose framework for certain investment contracts involving crypto assets. This proposal follows the Commission’s March 2026 interpretation clarifying how the federal securities laws…
Bridging the Gap: Navigating Regulation E Compliance and the Nacha Rules
August 18, 2026 / Source: Nacha
Financial institutions operating in the ACH Network must navigate a dual compliance framework that is often misunderstood: Regulation E and the Nacha Operating Rules. While related and aligned, these frameworks serve distinct purposes. Compliance success requires understanding how they work together. Regulation E is the cornerstone of consumer protection for electronic fund transfers. It governs…
Treasury Seeks Public Comment on GENIUS Act Proposed Rulemaking
August 17, 2026 / Source: U.S. Department of the Treasury
August 17, 2026WASHINGTON, D.C. — Today, the U.S. Department of the Treasury issued a Notice of Proposed Rulemaking (NPRM), seeking public comment related to Treasury’s implementation of section 3 of the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act. “President Trump and Congress delivered the GENIUS Act, establishing a landmark framework and clear rules…
The CFPB to Cease Discretionary Publication of Complaint Narratives and Visualizations
August 17, 2026 / Source: CFPB
AUG 14, 2026Washington, D.C. – Today, the CFPB is ceasing publication of unverified complaint narratives and visualizations. As the CFPB has long acknowledged, the publication in the Consumer Complaint Database of unverified complaint narratives and associated data visualizations is entirely discretionary. Many years of experience have demonstrated that the utility of such publication is minimal, while…
Fact Sheet: President Donald J. Trump Expands Capabilities to Combat Transnational Cyber-Enabled Crime
August 17, 2026 / Source: The White House
The White House August 12, 2026 THWARTING CYBER CRIMES: Today, President Donald J. Trump signed a National Security Presidential Memorandum (NSPM) empowering U.S. Federal law enforcement to use cyber tools to disrupt transnational criminal organizations (TCOs) that operate in foreign jurisdictions to attack Americans. DISRUPTING CRIMINALS TARGETING AMERICANS: President Trump is unleashing every available tool to stop…
OCC: Accounting – Bank Accounting Advisory Series Updated
August 15, 2026 / Source: Office of the Comptroller of the Currency
Summary The Office of the Comptroller of the Currency (OCC) today released the 2026 edition of the Bank Accounting Advisory Series (BAAS). The BAAS contains staff responses to frequently asked questions from the banking industry and bank examiners on a variety of accounting topics and promotes consistent application of accounting standards and regulatory reporting among banks.1 The…
Amazon Agrees to $2.25 Million Settlement and Injunction to Resolve Alleged Violations of the Fair Credit Reporting Act
August 15, 2026 / Source: US Department of Justice
The Justice Department announced today that a federal court has entered a stipulated order against Amazon.com Inc., in a case investigated and referred to the Department by the Federal Trade Commission (FTC). The order resolves allegations that Amazon violated the Fair Credit Reporting Act (FCRA), and it requires Amazon to pay a $2.25 million civil…
Ohio Man Pleads Guilty to Laundering Health Care Fraud Proceeds for Transnational Criminal Organization
August 15, 2026 / Source: US Department of Justice
An Ohio man pleaded guilty yesterday to laundering approximately $3.4 million in illicit health care fraud proceeds through multiple regional banks on behalf of a transnational criminal organization (Organization). According to court documents, Eldar Zarbavel, 45, of Pepper Pike, Ohio, was a money launderer for the foreign-based Organization that spearheaded the largest health care fraud…
FinCEN: Beneficial Ownership Information Reporting Requirement Revision
August 15, 2026 / Source: Financial Crimes Enforcement Network (FinCEN), Treasury
FinCEN is issuing this final rule to adopt as final and with certain limited changes the interim final rule issued on March 26, 2025, which narrowed beneficial ownership information (BOI) reporting requirements under FinCEN’s regulations implementing the Corporate Transparency Act (CTA). In particular, this final rule not only continues to exempt reporting companies from having…
Regulatory Agenda: The Consumer Financial Protection Bureau (Bureau or CFPB) is Publishing This Agenda as Part of the 2026 Unified Agenda of Federal Regulatory and Deregulatory Actions.
August 15, 2026 / Source: Federal Register: Consumer Financial Protection Bureau
The Bureau is publishing its Agenda as part of the 2026 Unified Agenda of Federal Regulatory and Deregulatory Actions, which is coordinated by the Office of Management and Budget (OMB) under Executive Order 12866. The agenda lists the regulatory matters that the CFPB reasonably anticipates, as of January 13, 2026, that it will have under…
Member of Maryland National Guard Pleads Guilty to Conspiracy to Commit Money Laundering
August 15, 2026 / Source: Office of Inspector General Federal Deposit Insurance Corporation
Greenbelt, Maryland – A member of the Maryland National Guard acknowledged his involvement in a money laundering scheme in federal court. This conspiracy laundered funds from at least 33 different victims. Alagborenepakake Opuiyo, 32, pled guilty to a superseding information charging him with one count of conspiracy to commit money laundering. Kelly O. Hayes, U.S. Attorney for…