Capturing the important news of the day in an easy to access way. We post news we feel is relevant to our members and community banks nationwide.
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].
Final Three Members Charged in Prolific Chinese Money Laundering Scheme Plead Guilty to Laundering Tens of Millions in Drug Proceeds
July 7, 2025 / Source: US Department of Justice
Two Chinese nationals and a New York woman, all members of a prolific Chinese money laundering organization (CMLO), pleaded guilty today to money laundering charges involving drug trafficking proceeds. They are the last of six total defendants charged in the indictment to plead guilty. According to court documents, Enhua Fang, 38, and Jianfei Lu, 30,…
FFIEC Publishes 2024 Data on Mortgage Lending
July 7, 2025 / Source: Federal Financial Institutions Examination Council
The Federal Financial Institutions Examination Council (FFIEC) recently published data on 2024 mortgage lending transactions reported under the Home Mortgage Disclosure Act (HMDA) by 4,908 U.S. financial institutions. The Snapshot National Loan-Level Dataset released contains the national HMDA datasets as of May 19, 2025. The FFIEC released several data products to serve a variety of data users,…
OCC Allows National Banks and Federal Savings Associations in Texas Affected by Flooding to Close
July 7, 2025 / Source: Office of the Comptroller of the Currency
WASHINGTON—The Office of the Comptroller of the Currency (OCC) today issued a proclamation allowing national banks, federal savings associations, and federal branches and agencies of foreign banks to close offices in areas of Texas affected by flooding. In issuing the proclamation, the OCC expects that only those bank offices directly affected by potentially unsafe conditions…
FDIC Issues 2025 Consumer Compliance Supervisory Highlights
July 6, 2025 / Source: FDIC
WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today issued the 2025 edition of the Consumer Compliance Supervisory Highlights. The purpose of this publication is to enhance transparency regarding the FDIC’s consumer compliance supervisory activities and to provide a high-level overview of consumer compliance issues identified in 2024 through the FDIC’s supervision of state non-member banks…
FDIC Issues List of Banks Examined for CRA Compliance
July 6, 2025 / Source: FDIC
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 April 2025. The CRA is a 1977 law that requires the FDIC to assess a bank’s record…
Treasury Sanctions Hizballah Financial Officials
July 6, 2025 / Source: Treasury
WASHINGTON —Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) is sanctioning seven senior officials and one entity associated with the Hizballah-controlled financial institution Al-Qard Al-Hassan (AQAH), which was designated by OFAC in 2007. These officials have served in senior management roles for AQAH and have facilitated the evasion of U.S. sanctions, enabling Hizballah’s…
Treasury Targets Diverse Networks Facilitating Iranian Oil Trade
July 6, 2025 / Source: Treasury
WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is taking action against networks that have collectively transported and purchased billions of dollars’ worth of Iranian oil, some of which has benefited Iran’s Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF), a designated Foreign Terrorist Organization. Among the entities sanctioned today is a network…
Acting Comptroller of the Currency Discusses Importance of Homeownership
July 2, 2025 / Source: OCC
WASHINGTON—Acting Comptroller of the Currency Rodney E. Hood discussed homeownership as a pathway to financial inclusion and generational wealth in remarks at the Detroit REACh Homebuyers Fair, held in recognition of National Homeownership Month on June 28. In his remarks, Acting Comptroller Hood discussed the Office of the Comptroller of the Currency’s work to expand…
Bank Compliance Leader Award Winners for 2025 Announced
July 2, 2025 / Source: Compliance Alliance
Bank Compliance Leader Award Winners for 2025 Announced FOR IMMEDIATE RELEASE: July 3rd, 2025 Contact: Brittney Stacey [email protected] Compliance Alliance has announced the names of the four regional winners of this year’s Bank Compliance Leader Award. They are in order of appearance: Gayle Brooke, Independent Bank, MI Eastern Region Buffy Dyess Guaranty Bank & Trust,…
No FEAR Act Annual Report for fiscal year 2024
July 1, 2025 / Source: CFPB
The CFPB presents its Notification and Federal Employee Antidiscrimination and Retaliation Act of 2002 (No FEAR Act) Annual Report of Fiscal Year (FY) 2024. This report summarizes the CFPB’s EEO complaint activity, the most significant accomplishments in our EEO program, our strong commitment to abide by civil rights and whistleblower protection laws and merit systems…
Treasury Sanctions Global Bulletproof Hosting Service Enabling Cybercriminals and Technology Theft
July 1, 2025 / Source: Treasury
WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is designating Aeza Group, a bulletproof hosting (BPH) services provider, for its role in supporting cybercriminal activity targeting victims in the United States and around the world. BPH service providers sell access to specialized servers and other computer infrastructure designed to help…
Joint Statement on the EU-U.S. Joint Financial Regulatory Forum
July 1, 2025 / Source: Treasury
Brussels — The EU-U.S. Joint Financial Regulatory Forum took place on 24-25 June 2025, with participants exchanging views on topics of mutual interest as part of their regular financial regulatory dialogue. The dialogue was co-chaired by the European Commission and the U.S. Department of the Treasury. EU participants included representatives of the European Commission, European Central…
OCC Releases CRA Performance Evaluations for 22 National Banks and Federal Savings Associations
July 1, 2025 / Source: OCC
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 June 1, 2025, through June 30, 2025. Under the CRA, the OCC assesses an institution’s record of meeting the credit needs of its entire community, including low- and…