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CFPB Announces Joint Final Rule on Adopting Uniform Standards for Reporting Financial Data
June 25, 2026 / Source: CFPB
JUN 25, 2026 Washington, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) finalized rulemaking that establishes technical standards for data submitted to certain financial regulatory agencies. This joint final rule is required under the Financial Data Transparency Act of 2022 to promote interoperability of financial regulatory data across the Securities and Exchange Commission, the Board…
Credit Risk: “Lending and Loan Portfolio Risk Management” Booklet of the Comptroller’s Handbook and Rescissions
June 25, 2026 / Source: OCC
June 25, 2026 Summary The Office of the Comptroller of the Currency today issued the “Lending and Loan Portfolio Risk Management” booklet of the Comptroller’s Handbook. Rescissions The “Lending and Loan Portfolio Risk Management” booklet revises and combines the following, which are rescinded with the publication of this booklet: Also rescinded is OTS Thrift Bulletin 78a,…
Notice of Proposed Rulemaking on Disclosure of Information
June 25, 2026 / Source: FDIC
June 25, 2026 Summary: On June 25, 2026, the FDIC Board of Directors approved a notice of proposed rulemaking that would amend the FDIC’s Rules and Regulations governing the disclosure of information. The proposed rule would provide insured depository institutions (IDIs) with more flexibility to share confidential supervisory information for appropriate business purposes. In addition,…
Notice of Proposed Rulemaking on Assessments Thresholds, Rate Schedules, and Adjustments
June 25, 2026 / Source: FDIC
June 25, 2026 Summary: On June 25, 2026, the Federal Deposit Insurance Corporation (FDIC) Board of Directors approved a notice of proposed rulemaking to: (1) increase the $10 billion asset threshold in the definitions of small and large institutions for deposit insurance assessments to $30 billion and adjust the threshold every four years pursuant to a…
Notice of Proposed Rulemaking to Amend the Rule Requiring Resolution Submissions by Covered Insured Depository Institutions
June 25, 2026 / Source: FDIC
June 25, 2026 Summary: On June 25, 2026, the FDIC Board of Directors (Board) approved a notice of proposed rulemaking that would revise the resolution submission requirements that currently apply to insured depository institutions (IDIs) with $50 billion or more in total assets (IDI Rule). Among other things, the proposal would significantly streamline filing requirements…
Federal Reserve Board’s annual bank stress test confirms that large banks are well positioned to weather a severe recession and able to continue to lend to households and businesses
June 24, 2026 / Source: Federal Reserve Board
June 24, 2026 The results of the Federal Reserve Board’s annual bank stress test confirmed that large banks are well positioned to weather a severe recession and able to continue to lend to households and businesses. Despite absorbing more than $708 billion in total loan losses under this year’s hypothetical scenario, capital declined only 1.6…
Treasury Concludes the Artificial Intelligence Innovation Series
June 24, 2026 / Source: U.S. Department of the Treasury
June 24, 2026 WASHINGTON—The U.S. Department of the Treasury’s Office of the Financial Stability Oversight Council (FSOC) and the Artificial Intelligence (AI) Transformation Office (AITO) held the fourth and final roundtable of the AI Innovation Series on May 19, 2026. This public-private initiative supports the continued strength and resilience of the U.S. financial system in…
The CFPB is Correcting Flaws to Restore Integrity and Utility to the Consumer Complaint System
June 24, 2026 / Source: CFPB
JUN 24, 2026 WASHINGTON, D.C. — The consumer complaint portal has long been plagued by issues that severely limit its effectiveness in addressing consumers’ complaints and practical utility of its information. Recently, CFPB has taken multiple concrete actions to address these issues and is continuing its work, including with Credit Reporting Agencies, to increase effectiveness of…
FinCEN Proposes to Sever H-Pay Service PLC and Other Huione Group Successor Entities from the U.S. Financial System
June 23, 2026 / Source: FinCEN
Immediate Release June 23, 2026 Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued a proposed rule amending FinCEN’s October 2025 Huione Group Final Rule to include Cambodia-based H-Pay Service PLC and any successor entity. Huione Group served as a critical node for laundering proceeds of cyber heists and virtual currency investment scams…
GENIUS Act: Anti-Money Laundering/Countering the Financing of Terrorism and Sanctions Compliance: Notice of Proposed Rulemaking
June 22, 2026 / Source: OCC
OCC Bulletin 2026-28|June 22, 2026 Summary The Office of the Comptroller of the Currency (OCC) is issuing a notice of proposed rulemaking to implement Bank Secrecy Act (BSA) and sanctions compliance standards applicable to OCC-supervised permitted payment stablecoin issuers (PPSI), as required by the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act). Comments…
Bank Employee Sentenced to 4 Years in Prison for Embezzling Money from the Bank
June 22, 2026 / Source: FDIC OIG
June 19, 2026 PHOENIX, Ariz. – A former bank employee who embezzled $655,000 from the bank she managed over the course of seven months was sentenced by Senior U.S. District Judge Roslyn O. Silver to 48 months in prison, followed by three years of supervised release. Brooke McDonough, formerly known as Brooke Taylor, 35, of…
FinCEN Announces Recipients of Its 11th Law Enforcement Awards Program
June 22, 2026 / Source: FinCEN
Immediate Release June 22, 2026 WASHINGTON—Last week, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) recognized seven cases during its Law Enforcement Awards Program for effectively using Bank Secrecy Act (BSA) data to support criminal prosecutions and safeguard the U.S. financial system. “These awards recognize the incredible difference law enforcement officers and…
Notice of Proposed Rulemaking: Permitted Payment Stablecoin Issuer Customer Identification Program
June 18, 2026 / Source: FDIC
Laws and Regulations June 18, 2026 Summary: The FDIC, along with the Board of Governors of the Federal Reserve System (Board), the Office of the Comptroller of the Currency (OCC), the National Credit Union Administration (NCUA), and the Financial Crimes Enforcement Network (FinCEN), approved a notice of proposed rulemaking (NPR) that would implement the directives…
Agencies’ Capital Proposals Much Advanced but Warrant Further Improvements
June 18, 2026 / Source: CSBS
June 18, 2026 Washington, D.C. – In a comment letter today, the Conference of State Bank Supervisors (CSBS) recommended additional measures that the federal banking agencies should take to provide community banks with a simplified regulatory capital framework as they revise the risk-based capital rules. CSBS supports the proposals’ goal of enhancing the risk sensitivity, consistency, and transparency of…
Tips and Techniques to Keep Originators Informed on Nacha Rules Changes
June 18, 2026 / Source: Nacha
Keeping on top of Nacha Rules changes includes making sure your financial institution’s Originators stay in the loop. While that can be challenging, a June 10 session at Smarter Faster Payments Remote Connect 2026 aimed to help FIs undertake the task. William Mills, Vice President, Deposit and ACH Operations at Premier Banks, offered some basics…
Equal Credit Opportunity (Regulation B); Special Purpose Credit Programs; Rescission
June 17, 2026 / Source: Consumer Financial Protection Bureau
GENCY: Consumer Financial Protection Bureau. ACTION: Advisory opinion; rescission. SUMMARY: The Consumer Financial Protection Bureau (Bureau) is rescinding an advisory opinion issued in December 2020 regarding Regulation B, which implements the Equal Credit Opportunity Act (ECOA), as it applies to certain aspects of special purpose credit programs designed and implemented by for-profit organizations to meet…
Federal Reserve issues FOMC statement – June 17, 2026
June 17, 2026 / Source: Federal Reserve
June 17, 2026 Federal Reserve issues FOMC statement For release at 2:00 p.m. EDT The Federal Open Market Committee approved the following statement for release by a 12 – 0 vote: The Committee decided to maintain the target range for the federal funds rate at 3-1/2 to 3-3/4 percent, in support of the Federal Reserve’s…
Minority Depository Institutions: Reissuance of Policy Statement
June 16, 2026 / Source: OCC
OCC Bulletin 2026-26|June 16, 2026 Summary The Office of the Comptroller (OCC) is updating its policy statement on minority depository institutions (MDI) in the Federal Register.1 This update relates to the agency’s rescission or amending of certain regulations that are unnecessary, based on anything other than the best reading of the underlying statutory authority, or lacking clear statutory…
FDIC Webinar: Trending Scams and Fraud Prevention for Older Adults
June 16, 2026 / Source: FDIC
Event Date Tuesday, June 30, 2026, 2–3 p.m. ET Location Webinar In observance of World Elder Abuse Awareness Day, the FDIC invites you to a national event focused on protecting older adults and their families from scams and other forms of financial exploitation. This program will showcase how Money Smart for Older Adults (MSOA) helps individuals recognize…
FinCEN Issues Guidance to Help Financial Institutions Eliminate Fraud Through Information Sharing
June 14, 2026 / Source: U.S. Department of the Treasury
June 12, 2026 WASHINGTON—Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued updated guidance to clarify how financial institutions can share information with each other about suspected fraud under section 314(b) of the USA PATRIOT Act. “Americans lose hundreds of billions of dollars to fraud each year. At Treasury, we follow the money, and…
Prepare Today for Upcoming IAT Rules Changes
June 14, 2026 / Source: Nacha
International ACH Transactions, or IATs, are an important part of the ACH Network. And even if your bank or credit union doesn’t originate IATs, it’s obligated to receive them, which means you still need to know about some relevant Nacha Rules changes on the horizon. A June 9 session at Smarter Faster Payments Remote Connect…
GENIUS Act: Reporting Forms and Instructions for Permitted Payment Stablecoin Issuers Subject to the Jurisdiction of the Office of the Comptroller of the Currency
June 11, 2026 / Source: OCC
OCC Bulletin 2026-24|June 11, 2026 Summary The Office of the Comptroller of the Currency (OCC) is proposing a new information collection that would include weekly and quarterly reporting forms that must be completed by permitted payment stablecoin issuers and foreign payment stablecoin issuers registered with the OCC under the Guiding and Establishing National Innovation for U.S….
Joint Rule Establishing Data Standards under the Financial Data Transparency Act of 2022
June 10, 2026 / Source: FDIC
Laws and Regulations June 10, 2026 Summary: The Federal Deposit Insurance Corporation (FDIC) is issuing—in conjunction with the Department of the Treasury, Board of Governors of the Federal Reserve System, Office of the Comptroller of the Currency, Consumer Financial Protection Bureau, Securities and Exchange Commission, Federal Housing Finance Agency, National Credit Union Administration, and Commodity…
FDIC Stablecoin Rules Must Respect State Authority and Address Issuer Risks
June 9, 2026 / Source: CSBS
June 9, 2026Washington, D.C. – In a comment letter, the Conference of State Bank Supervisors (CSBS) today recommended changes to the Federal Deposit Insurance Corporation’s (FDIC) proposed rule to implement the GENIUS Act. The proposed changes would better reflect state authority and address issuer risks. CSBS urged the FDIC to respect states’ inherent authority over state-chartered insured…
CFPB Statement on Ability To Repay and Immigration Status
June 8, 2026 / Source: Consumer Financial Protection Bureau
The Consumer Financial Protection Bureau (Bureau or CFPB) is issuing this statement to remind creditors of their obligations under the Truth in Lending Act (TILA) as implemented by Regulation Z, and consistent with Executive Order 14406, titled “Restoring Integrity to America’s Financial System.” Lending and Immigration Status In making lending decisions, creditors are permitted to…