Banker Compliance News

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].

Federal Bank Regulatory Agencies Seek Comment to Address Payments and Check Fraud

June 17, 2025 / Source: FDIC

The federal bank regulatory agencies today announced a request for comment on potential actions to help consumers, businesses, and financial institutions mitigate risk of payments fraud, with a particular focus on check fraud. For purposes of the request for information, payments fraud generally refers to the use of illegal means to make or receive payments…

Statement by Secretary of the Treasury Scott Bessent on Introduction of the Senate’s One, Big, Beautiful Bill Text

June 17, 2025 / Source: Treasury

WASHINGTON – U.S. Secretary of the Treasury Scott Bessent issued the following statement upon release of the Senate’s version of the One, Big, Beautiful Bill Act: “We applaud the Senate’s action to progress this critical legislation and expand upon President Trump’s tax relief for hardworking Americans. The One, Big, Beautiful Bill will protect families and…

HUD, Ginnie Mae, and Korea Housing Finance Corporation Sign Agreement to Advance Affordable Housing and Strategic Housing Finance Cooperation

June 15, 2025 / Source: HUD

WASHINGTON – [June 13, 2025] – The U.S. Department of Housing and Urban Development (HUD), Government National Mortgage Association (Ginnie Mae), and the Korea Housing Finance Corporation (KHFC) signed a memorandum of understanding (MOU) to strengthen international cooperation in housing finance. The MOU underscores a shared commitment to expanding access to affordable housing, cultivating innovation, and supporting residential…

Federal Reserve Board announces that results from its annual bank stress test will be released on Friday, June 27, at 4:30 p.m. EDT

June 15, 2025 / Source: FRB

The Federal Reserve Board on Friday announced that results from its annual bank stress test will be released on Friday, June 27, at 4:30 p.m. EDT. Additionally, today the Board published its annual stress test methodology document, which provides details about the models used in the stress test. The Board’s stress test is one tool…

Secretary Scott Bessent’s Statement Before the Senate Finance Committee

June 12, 2025 / Source: Treasury

June 12, 2025 As prepared for delivery. Chairman Crapo, Ranking Member Wyden, and members of the committee—I’m grateful to join you today. Treasury is committed to working with Congress to improve our nation’s finances, create new jobs, and strengthen the economy. We look forward to coordinating with you on the President’s Budget and his tax…

Andrew Hughes Confirmed as Deputy Secretary of U.S. Department of Housing and Urban Development

June 11, 2025 / Source: HUD

WASHINGTON – The U.S. Senate today confirmed Andrew Hughes as the Deputy Secretary of the U.S. Department of Housing and Urban Development (HUD) with a vote of 51-43. In this role, Hughes will serve as HUD’s Chief Operating Officer, working under the leadership of the Trump administration and Secretary Scott Turner to restore HUD to its…

Secretary Scott Bessent’s Statement Before the Appropriations Subcommittee on Financial Services and General Government

June 11, 2025 / Source: Treasury

Chair Hagerty, Ranking Member Reed, and members of the subcommittee—I’m grateful to join you today. Treasury is committed to working with Congress to improve our nation’s finances, create new jobs, and strengthen the economy. The President’s Budget request for Treasury demonstrates our commitment to boosting growth, promoting efficiency within our agency, and targeting illicit actors…

Treasury Disrupts Sham Overseas Charity Networks Funding Hamas and the PFLP

June 10, 2025 / Source: Treasury

WASHINGTON â€” Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) is sanctioning five individuals and five sham charities located abroad that are prominent financial supporters of Hamas’s Military Wing and its terrorist activities.  The individuals and entities sanctioned today are responsible for funding Hamas’s Military Wing under the pretense of conducting humanitarian…

Michelle W. Bowman sworn in as Vice Chair for Supervision of the Board of Governors of the Federal Reserve System

June 9, 2025 / Source: FRB

Michelle W. Bowman took the oath of office as Vice Chair for Supervision of the Federal Reserve Board on Monday. The oath was administered by Chair Jerome H. Powell in the press briefing room of the Board’s Martin building. President Trump nominated Ms. Bowman on March 24, 2025, and she was confirmed by the United…

Acting Comptroller of the Currency Releases Letter on Preemption

June 9, 2025 / Source: OCC

WASHINGTON—Acting Comptroller of the Currency Rodney E. Hood today released a letter in response to correspondence from the Conference of State Bank Supervisors requesting the Office of the Comptroller of the Currency (OCC) rescind its preemption regulations. In the letter, Acting Comptroller Hood reaffirmed the OCC’s support and defense of preemption as a cornerstone of…

Treasury Sanctions “El Chapo’s” Children and Los Chapitos, a Fentanyl-Trafficking Faction of the Sinaloa Cartel

June 9, 2025 / Source: Treasury

WASHINGTON â€” Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned Los Chapitos, a powerful faction of the Mexico-based Sinaloa Cartel that facilitates illicit fentanyl trafficking and production.  Los Chapitos-controlled laboratories are responsible for introducing fentanyl in counterfeit pills manufactured by the Sinaloa Cartel and trafficked to the United States.  Gunmen linked…

Speech – Taking a Fresh Look at Supervision and Regulation

June 8, 2025 / Source: FRB

It is a pleasure to join you today for my first public remarks as the Federal Reserve Board’s Vice Chair for Supervision.1 Today, I will describe my approach to leading the Fed’s Division of Supervision and Regulation in its vital work to promote the safe and sound operation of the U.S. banking system. I have spoken…

Federal Reserve Board begins 2025 Census of Finance Companies and Other Lenders

June 8, 2025 / Source: FRB

The Federal Reserve Board announced on Friday that it began its 2025 Census of Finance Companies and Other Lenders. This regular census is a key part of the Federal Reserve’s effort to produce data on the types and volumes of financing provided by nonbank financial institutions to households and businesses in the U.S. economy. The…

FinCEN Issues Advisory Highlighting Iranian Oil Smuggling, Shadow Banking, and Weapons Procurement Typologies

June 8, 2025 / Source: FinCEN

Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) is issuing an Advisory to assist financial institutions in identifying, preventing, and reporting suspicious activity connected to Iranian illicit financial activity, including oil smuggling, “shadow banking,” and weapons procurement. The Advisory replaces FinCEN’s 2018 Iran Advisory, which FinCEN is rescinding today. The Advisory supports the implementation…

FDIC Issues List of Banks Examined for CRA Compliance

June 5, 2025 / 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 March 2025. The CRA is a 1977 law that requires the FDIC to assess a bank’s record of…

Treasury Releases Report on Macroeconomic and Foreign Exchange Policies of Major Trading Partners of the United States

June 5, 2025 / Source: Treasury

WASHINGTON – The U.S. Department of the Treasury delivered its semiannual Report to Congress on Macroeconomic and Foreign Exchange Policies of Major Trading Partners of the United States.  In this Report, Treasury reviewed and assessed the policies of major U.S. trading partners, comprising about 78 percent of U.S. foreign trade in goods and services, during…

Agency Information Collection Activities; Submission for OMB Review; Comment Request; Real Estate Reports

June 5, 2025 / Source: FinCEN

Release Date June 05, 2025 Agency Information Collection Activities; Submission for OMB Review; Comment Re
 Action Type Notice and Request for Comment, Forms Renewal/Update

READOUT: Financial Stability Oversight Council Meeting on June 4, 2025

June 4, 2025 / Source: Treasury

WASHINGTON – Today, U.S. Secretary of the Treasury Scott Bessent convened a meeting of the Financial Stability Oversight Council (Council) in executive session at the U.S. Department of the Treasury (Treasury). During the meeting, Council members heard updates from the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation (FDIC), and the Office…

Acting Comptroller of the Currency Discusses Regulatory Agenda

June 3, 2025 / Source: OCC

WASHINGTON—Acting Comptroller of the Currency Rodney E. Hood today discussed his regulatory agenda in remarks at the U.S. Chamber of Commerce Capital Markets Summit. In his remarks, Acting Comptroller Hood detailed the Office of the Comptroller’s work to embrace bank-fintech partnerships, expand bank activities involving digital assets, promote financial inclusion and reduce regulatory burden to…

HUD Secretary Scott Turner Celebrates June as National Homeownership Month

June 3, 2025 / Source: HUD

WASHINGTON – U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner today declared June as National Homeownership Month, celebrating the power of homeownership to build stronger communities and spotlighting HUD’s role in restoring the American Dream of homeownership. “National Homeownership Month is a time to celebrate how HUD helps support and expand opportunities for…

Federal Reserve announces Wells Fargo is no longer subject to the asset growth restriction from the Board’s 2018 enforcement action against the bank

June 3, 2025 / Source: FRB

The Federal Reserve on Tuesday announced that Wells Fargo is no longer subject to the asset growth restriction from the Board’s 2018 enforcement action against the bank. The Federal Reserve determined that Wells Fargo has met all the conditions required by the 2018 enforcement action for removal of the growth restriction. Under the 2018 enforcement action, the…

Speech – Economic Outlook

June 3, 2025 / Source: FRB

Thank you, Michael. I am honored to be back at the Council on Foreign Relations. 1 I would like to congratulate you on becoming president of this august body. I have known Mike for some time. In fact, he helped me when I was a graduate student working on my dissertation on Eastern Europe at the…

OCC Releases CRA Performance Evaluations for 18 National Banks and Federal Savings Associations

June 2, 2025 / 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 May 1, 2025, through May 31, 2025. Under the CRA, the OCC assesses an institution’s record of meeting the credit needs of its entire community, including low- and…

Supervisory Relief to Help Financial Institutions and Facilitate Recovery in Areas of Arkansas Affected by Severe Storms, Tornadoes, and Flooding

June 2, 2025 / Source: FDIC

Summary: The FDIC has announced a series of steps intended to provide regulatory relief to institutions and facilitate recovery in areas of Arkansas affected by severe storms, tornadoes, and flooding.  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 in,…

Treasury Releases Request for Information related to the Executive Order 14247 “Modernizing Payments To and From America’s Bank Account”

June 1, 2025 / Source: Treasury

WASHINGTON – Today, the U.S. Department of the Treasury (Treasury) released a request for information related to the Executive Order (EO) 14247 “Modernizing Payments To and From America’s Bank Account,” which transitions federal disbursements to electronic payments.  Beginning September 30, 2025, all federal payments that are currently made by paper check—including Social Security benefits, tax refunds, and vendor payments—will…