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Revised Procedures for Processing Federal Deposit Insurance Applications
August 10, 2026 / Source: FDIC
Summary: The Federal Deposit Insurance Corporation (FDIC) recognizes the importance of processing federal deposit insurance (FDI) applications on a timely basis to help promote the vitality of the banking industry and meet the credit, deposit, and other financial services needs of communities across the United States. Accordingly, the FDIC is reforming its procedures for processing FDI…
FDIC Announces New Review Process for Deposit Insurance Applications
August 10, 2026 / Source: FDIC
WASHINGTON—The Federal Deposit Insurance Corporation (FDIC) today announced a new two-phase process the agency will use to review new deposit insurance applications. The new procedures are intended to encourage new bank formation, accelerate the speed of the review process, and improve the efficiency of the application process. “Improving the de novo process and encouraging more new bank…
A Second Chance: Understanding ACH Reversals
August 10, 2026 / Source: Nacha
An ACH reversal is an ACH entry that allows an Originator to correct certain payment errors, and can be sent using Same Day or standard ACH. Reversals must comply with specific Nacha Rules and time frames and may only be used to correct genuine sender errors. Understanding when reversals are permitted, acting quickly, and maintaining…
FTC Ditches ‘Disparate Impact’
August 7, 2026 / Source: FTC
August 7, 2026 The Federal Trade Commission today announced a policy statement clarifying that the Commission will not pursue claims based on disparate-impact or “unfair discrimination” theories. “Disparate-impact claims are nearly impossible to square with our colorblind Constitution,” said Chairman Andrew N. Ferguson. “They impose liability for discrimination without any evidence that anyone intended to discriminate, which…
FinCEN Renews Minnesota Geographic Targeting Order
August 7, 2026 / Source: FinCEN
Immediate Release August 07, 2026 WASHINGTON — Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) renewed its Geographic Targeting Order (GTO) designed to combat fraud in Minnesota and protect U.S. taxpayers. Extensive schemes have fraudulently diverted state and Federal dollars meant for people who lack housing, are food insecure, have disabilities, or are…
Remarks from Secretary of the Treasury Scott Bessent at Event with Arizona Bankers in Phoenix
August 6, 2026 / Source: US Department of the Treasury
August 6, 2026 As prepared for delivery. Good afternoon. Thank you all for joining us today. The spy novelist John le Carré famously wrote that a desk is a dangerous place from which to watch the world. So, I try to get out from behind mine as often as I can. And whenever I travel,…
Florida Man Pleads Guilty to $14M Fraudulent Check Scheme
August 6, 2026 / Source: Office of the Inspector General
August 6, 2026 A Florida man pleaded guilty today to wire fraud for using fraudulent, unauthorized checks to steal money from victims’ bank accounts. According to court documents, Eri Guzman Ortiz, 69, formerly of Miami-Dade County, created and deposited about $14 million in fraudulent checks into the bank accounts of sham companies in the United…
FDIC Issues List of Banks Examined for CRA Compliance
August 5, 2026 / Source: FDIC
August 5, 2026 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 May 2026. The CRA is a 1977 law that requires the FDIC to assess a…
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…