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FDIC Launches New Office of Supervisory Appeals
August 4, 2026 / Source: FDIC
August 4, 2026 WASHINGTON—The Federal Deposit Insurance Corporation (FDIC) today announced the launch of a new Office of Supervisory Appeals (OSA) panel comprised of independent officials who will consider and resolve appeals of material supervisory determinations brought before the agency. The OSA is a standalone office within the FDIC and replaces the Supervision Appeals Review Committee as…
FinCEN Assesses Historic $125 Million Penalty Against UBS Financial Services Inc. for Recidivist BSA Violations
August 3, 2026 / Source: FinCEN
Immediate Release August 03, 2026 WASHINGTON—Today, the Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) assessed a $125,000,000 civil money penalty against UBS Financial Services Inc. (UBSFS) for willful violations of the Bank Secrecy Act (BSA), the primary U.S. anti-money laundering and countering the financing of terrorism law that safeguards the financial system from illicit use….
OCC Requests Comment on Proposed Rulemaking on the OCC Rules Regarding the Availability of OCC Information
August 3, 2026 / Source: OCC
News Release 2026-65|August 3, 2026 WASHINGTON—The Office of the Comptroller of the Currency (OCC) today requested comment on a proposal to implement structural and substantive changes to its rules governing the disclosure of OCC information. The proposed changes are designed to improve the balance between protecting OCC confidential information from public disclosure, which is necessary for…
Bank Supervision: OCC Rules Regarding the Availability of OCC Information
August 3, 2026 / Source: OCC
OCC Bulletin 2026-37|August 3, 2026 Summary The Office of the Comptroller of the Currency (OCC) is issuing a notice of proposed rulemaking to implement structural and substantive changes to its rules governing the disclosure of OCC information. The proposed changes are designed to improve the balance between protecting OCC confidential information from public disclosure, which is…
How Some RDFIs Review Customer Written Statements of Unauthorized Debits for First-Party Fraud
August 3, 2026 / Source: Nacha
Many financial institutions and ACH Originators have told Nacha that first-party fraud is of increasing concern. Nacha workgroups have been deliberating on a defined role for RDFIs in identifying instances of first-party fraud, just as previous deliberations identified a role for RDFIs in transaction monitoring for credit-push fraud that was ultimately approved as a Nacha Rule. The workgroups have also…