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FDIC Releases Staff Study of Deposit Flows at Three Failed Banks in Spring 2023
May 14, 2026 / Source: FDIC
Study focuses on depositor flight at Silicon Valley Bank, Signature Bank, and First Republic Bank May 14, 2026 WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today released “Dissecting Depositor Flight: An Analysis of the Spring 2023 Bank Failures,” a detailed staff study of deposit flows at three banks that failed in the spring of…
CISA Software Bill of Materials for AI – Minimum Elements
May 14, 2026 / Source: CISA
May 12, 2026 CISA and the Group of Seven (G7) international partners—Germany, Canada, France, Italy, Japan, the United Kingdom, and the European Union—have released joint guidance, Software Bill of Materials for AI – Minimum Elements, to help public and private sector stakeholders improve transparency in their artificial intelligence (AI) systems and supply chains. A software bill of…
Agency Information Collection Activities: Information Collection Renewal; Comment Request; Securities Offering Disclosure Rules
May 14, 2026 / Source: Office of the Comptroller of the Currency (OCC)
AGENCY: Office of the Comptroller of the Currency (OCC), Treasury. ACTION: Notice and request for comment. SUMMARY: The OCC, as part of its continuing effort to reduce paperwork and respondent burden, invites comment on a continuing information collection, as required by the Paperwork Reduction Act of 1995 (PRA). In accordance with the requirements of the…
Federal Reserve Board issues Economic Well-Being of U.S. Households in 2025 report
May 13, 2026 / Source: Federal Reserve
The Federal Reserve Board on Wednesday issued its Economic Well-Being of U.S. Households in 2025 report, which examines the financial circumstances of U.S. adults and their families. Overall, the report shows that financial well-being was consistent with recent years. Survey results indicate that the labor market remained solid, despite some softening since the previous year’s survey. Price…
Business Email Compromise Attempts Rose Sharply in 2025, Report Finds
May 13, 2026 / Source: Nacha
Business email compromise attempts soared last year, with nearly three-quarters of organizations reporting incidents, a new survey found. According to the Association for Financial Professionals (AFP) 2026 Payments Fraud and Control Survey Report, 74% of organizations experienced BEC last year, up from 63% in 2024. And it said there’s a simple reason why. “Fraud via…
FinCEN Issues Notice on the Threat of Human Trafficking During the 2026 FIFA World Cup
May 11, 2026 / Source: FinCEN
Immediate Release May 11, 2026 WASHINGTON—Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued a Notice urging increased vigilance by financial institutions located in and around cities hosting the 2026 Fédération Internationale de Football Association (FIFA) World Cup. While human trafficking is an ever-present threat in the United States, major events can create…
FinCEN Issues Alert to Stop Money Laundering by Iranian Revolutionary Guard Corps
May 11, 2026 / Source: FinCEN
Immediate Release May 11, 2026 WASHINGTON—Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued an Alert to help financial institutions identify and stop funding streams and procurement networks supporting Iran’s Islamic Revolutionary Guard Corps (IRGC). The IRGC has engaged in terrorist activity since its inception with the full support of the Iranian regime….
SEC Divisions of Investment Management and Corporation Finance Issue Staff Guidance Supporting Retirement Plans for Small Businesses
May 10, 2026 / Source: SEC
For Immediate Release 2026-43 Washington D.C., May 5, 2026 — Staff in the Securities and Exchange Commission’s Divisions of Investment Management and Corporation Finance issued guidance addressing certain questions regarding the application of the federal securities laws to pooled employer plans (PEPs), which help American workers save for retirement. In 2019, Congress passed the Setting…
Speech: Perspectives on Tokenization and Implications for the Financial System
May 10, 2026 / Source: Federal Reserve
May 08, 2026 Governor Lisa D. Cook I am happy to have the opportunity to return to and to speak in Dakar. Not far from here, I began my unexpected journey into the economics profession.1 As a graduate student at l’Université Cheikh Anta Diop de Dakar, I came to study philosophy and to write a thesis…
Executive Order 14294 Report: Criminal Regulatory Offenses
May 10, 2026 / Source: CFPB
Pursuant to Section 4 of Executive Order 14294, “Fighting Overcriminalization in Federal Regulations,” the CFPB submitted a report to the Office of Management and Budget containing (1) a list of all criminal regulatory offenses enforceable by the CFPB or the Department of Justice and (2) for each criminal regulatory offense identified, the range of potential…
OCC’s Semiannual Risk Perspective Highlights Key Risks in Federal Banking System
May 7, 2026 / Source: OCC
News Release 2026-35|May 7, 2026 WASHINGTON—The Office of the Comptroller of the Currency (OCC) today reported the key issues facing the federal banking system in the Semiannual Risk Perspective for Spring 2026. Bank earnings improved in 2025, supported by loan growth and a decline in funding costs. Balance sheets remain strong and credit risk within the federal banking…
Mortgage Rates Average 6.37%
May 7, 2026 / Source: Freddie Mac
MCLEAN, Va., May 07, 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 6.37%. “The 30-year fixed-rate mortgage averaged 6.37% this week,” said Sam Khater, Freddie Mac’s Chief Economist. “Recent data points to slightly better conditions for buyers with a boost in…
Appeals Court Errs in Interest on Escrow Decision
May 7, 2026 / Source: CSBS
May 6, 2026 Washington, D.C. – Yesterday, the U.S. Court of Appeals for the Second Circuit ruled that New York’s law requiring interest payments on mortgage escrow accounts does not apply to national banks because it is preempted by the National Bank Act. This decision ignores the high bar for preemption established by the U.S. Supreme…
SEC Proposes Amendments to Permit Optional Semiannual Reporting by Public Companies
May 6, 2026 / Source: SEC
For Immediate Release 2026-42 Washington D.C., May 5, 2026 — The Securities and Exchange Commission today proposed rule and form amendments that would give public companies the option of filing semiannual reports in lieu of quarterly reports to meet their interim reporting obligations under the federal securities laws. Public companies, subject to Exchange Act Section…
FinCEN Consolidates and Updates Customer Due Diligence FAQs to Align with Exceptive Relief Order
May 6, 2026 / Source: FinCEN
The Financial Crimes Enforcement Network (“FinCEN”) is re-issuing frequently asked questions (FAQs) regarding customer due diligence requirements for covered financial institutions. These FAQs were separately published on July 19, 2016, April 3, 2018, and August 3, 2020, to assist covered financial institutions in understanding the scope of the final rule Customer Due Diligence Requirements for Financial…
FDIC Issues List of Banks Examined for CRA Compliance
May 5, 2026 / Source: FDIC
May 5, 2026 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 February 2026. The CRA is a 1977 law that requires the FDIC to assess…
OCC Releases CRA Performance Evaluations for 21 National Banks and Federal Savings Associations
May 4, 2026 / Source: OCC
News Release 2026-34|May 4, 2026 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 April 1, 2026, through April 30, 2026. Under the CRA, the OCC assesses an institution’s record of meeting the credit needs of its entire…
Small Business Lending under the Equal Credit Opportunity Act (Regulation B)
May 3, 2026 / Source: CFPB
MAY 01, 2026 The Consumer Financial Protection Bureau is revising certain provisions of Regulation B, subpart B, which implements changes to the Equal Credit Opportunity Act made by section 1071 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The Bureau is amending coverage of certain credit transactions and financial institutions; the small business definition;…
Prohibition Against Interstate Deposits: Annual Host State Loan-to-Deposit Ratios
May 3, 2026 / Source: OCC
OCC Bulletin 2026-19|May 1, 2026 The Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation (collectively, the agencies) issued on May 1, 2026, the host state loan-to-deposit (LTD) ratios. The OCC is issuing this bulletin to inform banks1 about how these ratios are…
OCC Stablecoin Rules Must Address Issuer Risks and Protect Consumers
May 3, 2026 / Source: CSBS
May 1, 2026 Download PDF Washington, D.C. – The Conference of State Bank Supervisors (CSBS), joined by the Money Transmitter Regulators Association, today submitted comments to the Office of the Comptroller of the Currency (OCC) requesting changes to its proposed rule to implement the GENIUS Act. The letter emphasized state supervisors’ foundational role in United States stablecoin oversight…
Agency Information Collection Activities: Information Collection Renewal; Submission for OMB Review; Recordkeeping Requirements for Securities Transactions
April 30, 2026 / Source: Office of the Comptroller of the Currency (OCC), Treasury
The OCC, as part of its continuing effort to reduce paperwork and respondent burden, invites comment on a continuing information collection, as required by the Paperwork Reduction Act of 1995 (PRA). In accordance with the requirements of the PRA, the OCC may not conduct or sponsor, and the respondent is not required to respond to,…
Agency Information Collection Activities: Information Collection Renewal; Submission for OMB Review; Reporting, Recordkeeping, and Disclosure Requirements Associated With Proprietary Trading and Certain Interests in and Relationships With Covered Funds
April 30, 2026 / Source: Office of the Comptroller of the Currency (OCC), Treasury
The OCC, as part of its continuing effort to reduce paperwork and respondent burden, invites comment on a continuing information collection, as required by the Paperwork Reduction Act of 1995 (PRA). In accordance with the requirements of the PRA, the OCC may not conduct or sponsor, and the respondent is not required to respond to,…
Agency Information Collection Activities; Proposed Renewal; Comment Request; Renewal Without Change of the Registration of Money Services Businesses Regulation and FinCEN Form 107
April 30, 2026 / Source: Financial Crimes Enforcement Network (FinCEN), Treasury
As part of its continuing effort to reduce paperwork and respondent burden, FinCEN invites comments on a renewal, without change, to information collection requirements contained in Bank Secrecy Act (BSA) regulations and FinCEN Form 107—Registration of Money Services Business (RMSB). Under the regulations, money services businesses (MSBs) must register with FinCEN using FinCEN Form 107,…
Order Preempting the Illinois Interchange Fee Prohibition Act – Interim Final Order
April 29, 2026 / Source: Office of the Comptroller of the Currency (OCC), Treasury.
The OCC is issuing an interim final order concluding that Federal law preempts the Illinois Interchange Fee Prohibition Act, which purports to prohibit national banks and Federal savings associations from charging or receiving interchange fees on the tax and gratuity portions of payment card transactions; and restrict the use of payment card transaction data. The…
National Bank Non-Interest Charges and Fees – Interim Final Rule
April 29, 2026 / Source: Office of the Comptroller of the Currency (OCC), Treasury.
The OCC is adopting an interim final rule to clarify that national banks’ power to charge non-interest charges and fees includes the power to assess, collect, impose, levy, receive, reserve, take, or otherwise obtain non-interest charges and fees, including interchange fees from credit and debit card operations. Further, the interim final rule explains that national…