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].
Acting Comptroller of the Currency Discusses Financial Literacy Education
May 29, 2025 / Source: OCC
WASHINGTON—Acting Comptroller of the Currency Rodney E. Hood today discussed the importance of financial literacy education in remarks at the Financial Literacy and Education Commission. In his remarks, Acting Comptroller Hood discussed the role financial literacy education plays in driving financial inclusion and participation in the financial system. He encouraged careful monitoring of the rapidly…
Treasury Takes Action Against Major Cyber Scam Facilitator
May 29, 2025 / Source: Treasury
WASHINGTON — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned Funnull Technology Inc., a Philippines-based company that provides computer infrastructure for hundreds of thousands of websites involved in virtual currency investment scams, commonly known as “pig butchering,” along with its administrator, Liu Lizhi. Americans lose billions of dollars annually to these cyber scams,…
Statement on Chair Powell’s meeting with the President
May 29, 2025 / Source: FRB
At the President’s invitation, Chair Powell met with the President today at the White House to discuss economic developments including for growth, employment, and inflation. Chair Powell did not discuss his expectations for monetary policy, except to stress that the path of policy will depend entirely on incoming economic information and what that means for…
Federal Reserve Board issues Economic Well-Being of U.S. Households in 2024 report
May 28, 2025 / Source: FRB
The Federal Reserve Board on Wednesday issued its Economic Well-Being of U.S. Households in 2024 report, which examines the financial circumstances of U.S. adults and their families. Overall, the report shows that financial well-being was similar to the previous two years as concerns about prices persisted and labor market conditions remained solid. The report draws from the…
FDIC-Insured Institutions Reported Return on Assets of 1.16 Percent and Net Income of $70.6 Billion in the First Quarter
May 28, 2025 / Source: FDIC
May 28, 2025 Share on Facebook Share on X Follow the FDIC on LinkedIn Share through email Print 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 4,462 insured commercial banks and savings institutions. In the first quarter 2025,…
OCC Issues Third and Fourth Quarter 2025 CRA Evaluation Schedule
May 28, 2025 / Source: OCC
WASHINGTON—The Office of the Comptroller of the Currency (OCC) today released its schedule of Community Reinvestment Act (CRA) evaluations to be conducted in the third and fourth quarters of 2025. The OCC encourages public comment on the CRA-related activities of the national banks and federal savings associations (collectively, banks) scheduled to be evaluated under the…
HUD and Census Bureau Report New Residential Sales in April 2025
May 27, 2025 / Source: HUD
WASHINGTON (MAY 27, 2025) – The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential sales statistics for April 2025: New Home Sales Sales of new single-family houses in April 2025 were at a seasonally-adjusted annual rate of 743,000, according to estimates released jointly today by the U.S….
Treasury Issues Immediate Sanctions Relief for Syria
May 27, 2025 / Source: Treasury
WASHINGTON — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued Syria General License (GL) 25 to provide immediate sanctions relief for Syria in line with the President’s announcement for the cessation of all sanctions on Syria. GL 25 authorizes transactions prohibited by the Syrian Sanctions Regulations, effectively lifting sanctions on Syria. GL 25…
Speech – A View on Financial Stability
May 25, 2025 / Source: FRB
Thank you, Alessandra, for organizing us today, and thanks to you, Veronica Guerrieri, and Marina Azzimonti for initiating this effort seven years ago. I am honored to be with so many friends in macroeconomics at the 2025 Women in Macro Conference. I still read, recommend, and cite your work and am grateful to New York…
Agency Information Collection Activities; Proposed Renewal: Comment Request: Renewal Without Change of Reports of Transactions with Foreign Financial Agencies
May 25, 2025 / Source: FinCEN
Release Date May 23, 2025 Agency Information Collection Activities; Proposed Renewal: Comment Request: Re… Action Type Notice and Request for Comment, Forms Renewal/Update
Agency Information Collection Activities; Proposed Renewal: Comment Request: Renewal Without Change of Prohibition on Correspondent Accounts for Foreign Shell Banks; Records Concerning Owners of Foreign Banks and Agents for Service of Legal Process
May 22, 2025 / Source: FinCEN
Release Date May 22, 2025 Agency Information Collection Activities; Proposed Renewal: Comment Request: Re… Action Type Notice and Request for Comment, Forms Renewal/Update
Readout from Secretary of the Treasury Scott Bessent’s Meeting with Finance Minister Katsunobu Kato of Japan
May 22, 2025 / Source: Treasury
BANFF – Today, Secretary of the Treasury Scott K.H. Bessent met with Finance Minister Katsunobu Kato of Japan on the margins of the G7 Finance Ministers and Central Bank Governors meetings in Banff, Canada. Secretary Bessent and Minister Kato discussed important issues pertaining to the U.S.-Japan economic relationship, including global security and the ongoing bilateral…
Student Loan Debt Relief Scam Operators Agree to be Permanently Banned from Industry, Turn Over Assets to Resolve FTC Charges
May 22, 2025 / Source: FTC
The operators of an alleged transnational student loan debt relief scam have agreed to be permanently banned from the debt relief industry and to turn over more than $1 million in assets to resolve Federal Trade Commission charges that the operation bilked millions out of struggling student loan borrowers. “It is illegal for debt relief…
Treasury Sanctions High-Ranking Members of Foreign Terrorist Organization Cartel del Noreste
May 21, 2025 / Source: Treasury
WASHINGTON — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned two high-ranking members of the Mexico-based Cartel del Noreste (CDN), formerly known as Los Zetas. CDN, one of the most violent drug trafficking organizations in Mexico and a U.S.-designated Foreign Terrorist Organization (FTO), exerts significant influence over the border region, especially…
Statement of Policy on Bank Merger Transactions: Rescission and Reinstatement
May 20, 2025 / Source: FDIC
Summary: The Federal Deposit Insurance Corporation (FDIC) Board of Directors today approved the rescission of the agency’s 2024 Statement of Policy on Bank Merger Transactions (2024 Statement of Policy) and the reinstatement of the Statement of Policy on Bank Merger Transactions (Bank Merger Statement of Policy) that was in effect prior to 2024. As noted…
FDIC Board of Directors Releases Semiannual Update on Deposit Insurance Fund Restoration Plan
May 20, 2025 / Source: FDIC
WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) Board of Directors today released the latest semiannual update on the Restoration Plan for the agency’s Deposit Insurance Fund (DIF). FDIC staff projects that the reserve ratio remains on track to reach the statutory minimum of 1.35 percent ahead of the statutory deadline of September 30, 2028….
OCC Announces Deputy Comptroller for Community and Industry Relations
May 20, 2025 / Source: OCC
WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced Andrew Moss as the Deputy Comptroller for Community and Industry Relations, effective June 2. “Andrew’s strong leadership, extensive experience in financial inclusion, and dedication to community and industry partnerships will strengthen the agency’s critical outreach and community development activities,” said Acting Comptroller of the…
CSBS Catalyst Initiative Aims to Develop New Technologies for Supervisory Challenges
May 20, 2025 / Source: CSBS
Washington, D.C. – The Conference of State Bank Supervisors (CSBS) today announced its new Catalyst Initiative, which seeks to address state financial regulatory agencies’ key supervisory challenges and reduce regulatory burden. The initiative will focus on partnering with the private sector to leverage modern technology and improve the efficiency and effectiveness of financial services supervision. “The Catalyst…
Secretary Turner, Secretary Burgum Visit Underutilized Federal Land for Affordable Housing Development in Southern Nevada
May 19, 2025 / Source: HUD
NEVADA – U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner and U.S. Department of Interior (DOI) Secretary Doug Burgum visited Southern Nevada to further the discussion about increasing affordable housing opportunities through development of underutilized federal land. Secretary Turner and Secretary Burgum were welcomed by Nevada Governor Joe Lombardo and Representative Mark Amodei…
Speech – Liquidity Facilities: Purposes and Functions
May 19, 2025 / Source: FRB
Thank you, President Bostic, for that kind introduction and for the opportunity to talk to this group today.1 I am delighted to be here, and I look forward to discussions at this important conference. The theme of today’s conference is developments in financial intermediation and potential implications for monetary policy. As this conference embarks on a…
FTC Releases Tentative Agenda for Attention Economy Workshop on June 4
May 19, 2025 / Source: FTC
The Federal Trade Commission has released the tentative agenda for its June 4, 2025 workshop on “The Attention Economy: How Big Tech Firms Exploit Children and Hurt Families.” The workshop, which will take place in person and online, will examine how Big Tech companies impose addictive design features, erode parental authority, and fail to protect children from…
OCC Announces Enforcement Actions for May 2025
May 15, 2025 / Source: OCC
WASHINGTON—The Office of the Comptroller of the Currency (OCC) today released enforcement actions taken against individuals currently and formerly affiliated with banks the OCC supervises. The OCC uses enforcement actions against banks to require the board of directors and management to take timely actions to correct the deficient practices or violations identified. Actions taken against…
Student Loan Fraudsters Permanently Banned From Debt Relief Industry And Required to Turn Over All Assets as Result of FTC Action
May 15, 2025 / Source: FTC
As a result of a Federal Trade Commission lawsuit, a fraudulent student loan debt relief operation and its owners are permanently banned from the debt relief industry and required to turn over all assets to resolve allegations that they misled consumers. “Consumers looking to pay off their student loan debt should not have to worry…
Treasury Disrupts Financial Facilitation Network Supporting Hizballah Terrorists
May 15, 2025 / Source: Treasury
WASHINGTON —Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) is targeting two senior Hizballah officials and two financial facilitators for their roles in coordinating financial transfers for Hizballah. These individuals, based in Lebanon and Iran, work closely with Hizballah leadership to send money to the group from overseas donors. These donations…
Interest Rate Risk: Interest Rate Risk Statistics Report
May 14, 2025 / Source: OCC
Summary The Office of the Comptroller of the Currency (OCC) today published the spring 2025 edition of the Interest Rate Risk Statistics Report. The report presents interest rate risk data gathered during examinations of OCC-supervised midsize and community banks and federal savings associations (collectively, banks). The statistics are for informational purposes only and do not represent…