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Treasury’s Substantially Similar Principles for State Stablecoin Regimes Needs Recalibration
June 3, 2026 / Source: CSBS
June 2, 2026 Washington, D.C. – In a comment letter today, the Conference of State Bank Supervisors (CSBS) urged the U.S. Treasury Department to amend its proposed principles for determining if state stablecoin regimes are substantially similar to the federal framework. The CSBS-proposed changes would more effectively implement congressional intent to provide states discretion and flexibility to help…
Unsafe and Unsound Banking Practices: Brokered Deposits and Interest Rate Restrictions; Correction
June 3, 2026 / Source: Federal Deposit Insurance Corporation
I. Background This Federal Register Notice corrects technical errors in the FDIC’s regulations concerning brokered deposits, 12 CFR parts 303 and 337, which were amended by a final rule published in the Federal Register on January 22, 2021 (2021 rule). The 2021 rule inadvertently deleted the text accompanying two footnotes (which, additionally, were previously misnumbered)…
The New Nacha Rules: New Fraud Compliance Responsibilities for All Organizations Sending ACH Payments
June 3, 2026 / Source: Nacha
Implementation Dates: In September 2022, Nacha released a Risk Management Framework to address fraud across the ACH Network. Building on that work, Nacha, in collaboration with industry participants, introduced new rules in March 2024, aimed at reducing fraud, and assigning updated responsibilities to financial institutions, third parties, and organizations that send ACH payments over the ACH Network….
FDIC’s Office of Ombudsman Publishes 2025 Annual Report
June 3, 2026 / Source: FDIC
June 2, 2026 Summary: The Federal Deposit Insurance Corporation’s (FDIC) Office of the Ombudsman (Ombudsman) today published a report detailing its role and services available to the banking industry. The FDIC Ombudsman facilitates the resolution of problems and complaints concerning FDIC activities and strives to influence positive change. The Ombudsman’s 2025 Annual Report can be found on…
Fact Sheet: President Donald J. Trump Promotes Advanced Artificial Intelligence Innovation and Security
June 2, 2026 / Source: The White House
The White House June 2, 2026 PROMOTING AMERICAN AI INNOVATION AND SECURITY: Today, President Donald J. Trump signed an Executive Order to advance American artificial intelligence (AI) innovation to strengthen America’s cybersecurity, protect critical infrastructure, and ensure the United States remains the global leader in AI innovation. STRIKING THE RIGHT BALANCE BETWEEN INNOVATION AND SECURITY: President Trump…
Executive Order: Promoting Advanced Artificial Intelligence Innovation and Security
June 2, 2026 / Source: The White House
Executive Orders June 2, 2026 By the authority vested in me as President by the Constitution and the laws of the United States of America, it is hereby ordered: Section 1. Purpose. The United States continues to lead the world in Artificial Intelligence (AI) because of the enormous talent and innovation of our AI industry, and…
Agencies Remove References to Reputation Risk in Interagency Documents
June 2, 2026 / Source: FDIC
June 2, 2026 Summary: The Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the Currency (OCC) and the Board of Governors of the Federal Reserve System (the agencies), have jointly updated several interagency documents to remove references to reputation risk, complementing earlier actions that ended the use of reputation risk in supervision. …