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Frequently Asked Questions Regarding Suspicious Activity Reporting Requirements
October 13, 2025 / Source: FDIC
Summary: The Financial Crimes Enforcement Network (FinCEN), jointly with the Board of Governors of the Federal Reserve System (Federal Reserve), the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation (FDIC), and the National Credit Union Administration (each an “Agency” and collectively the “Agencies”) is issuing answers to frequently asked questions (FAQs)…
FinCEN Issues Frequently Asked Questions to Clarify Suspicious Activity Reporting Requirements
October 9, 2025 / Source: FinCEN
WASHINGTON —Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued answers to four Frequently Asked Questions (FAQs) to clarify certain requirements related to suspicious activity reports (SARs). By issuing these FAQs, FinCEN is ensuring financial institutions are not needlessly expending resources on efforts that do not provide law enforcement and national security agencies with…
Community Banking: Looking Toward the Future
October 9, 2025 / Source: FRB
As we wrap up today’s conference, I would like to thank all of the moderators and presenters on today’s panels. And of course, Secretary Bessent for sharing his perspectives on community banks, and the many community bankers, and state bank regulators and others who attended today’s event in person or virtually. I would also like…
Treasury Takes Aim at Iran-Backed Militia Groups Threatening the Safety of Americans
October 9, 2025 / Source: Treasury
WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is taking action against individuals and companies that assist the Iranian regime in evading U.S. sanctions, smuggling weapons, and engaging in widespread corruption in Iraq. The Iranian regime relies on various Iraqi militia proxies, including U.S.-sanctioned foreign terrorist organization Kata’ib Hizballah,…
Speech – Community Banking: The Cornerstone of Building Communities
October 8, 2025 / Source: FRB
Thank you for the invitation to speak to you today.1 I value the opportunity to spend time with community bankers and fellow federal and state bank regulators. This conference, now in its 13th year, is always a great forum for those interactions. All of us benefit from the research presented here, which helps us understand the…
Net Interest Margins Bump Reg Burden as Top Community Bank Concern
October 7, 2025 / Source: CSBS
Washington, D.C. – Community bankers report net interest margins have overtaken regulatory burden as their top external risk in the 2025 CSBS Annual Survey of Community Banks. Now in its twelfth year, the annual survey gauges internal and external risks, competition, safety and soundness, and deposit insurance policy. This year, community bankers expressed that their internal concerns…
Agencies Issue Proposal to Prohibit Use of Reputation Risk by Regulators
October 7, 2025 / Source: FDIC
WASHINGTON – The Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation (the agencies) today issued a joint notice of proposed rulemaking that would codify the elimination of reputation risk from their supervisory programs. The proposed rule would define “reputation risk” and prohibit the agencies from criticizing or taking adverse action…
Agencies Issue Proposal to Focus Supervision on Material Financial Risks
October 7, 2025 / Source: FDIC
WASHINGTON – The Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation (the agencies) today issued a joint notice of proposed rulemaking that would continue their effort to focus supervision on material financial risks. Among other things, the proposal would define the term “unsafe or unsound practice” for purposes of section 8…
Comptroller Issues Statement on Areas of Focus as FDIC Board Member
October 7, 2025 / Source: OCC
WASHINGTON—Comptroller of the Currency Jonathan V. Gould issued the following statement today at the Federal Deposit Insurance Corporation’s (FDIC) board meeting about his areas of focus in his capacity as an FDIC board member: Thank you for the warm welcome to the FDIC board. I am very excited to work with Acting FDIC Chairman Hill…
Defining ‘Unsafe or Unsound Practice’ and Revising the Framework for Issuing Matters Requiring Attention and Other Supervisory Communications: Interagency Notice of Proposed Rulemaking
October 7, 2025 / Source: OCC
The Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) (collectively, the agencies) are proposing to issue a joint notice of proposed rulemaking that would define the term “unsafe or unsound practice” for purposes of section 8 of the Federal Deposit Insurance Act (12 USC 1818) and revise the…
OCC Announces Actions to Reduce Regulatory Burden for Community Banks
October 6, 2025 / Source: OCC
WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced guidance to banks and proposed rulemakings to reduce regulatory burden for community banks. These actions build upon the OCC’s continued efforts to tailor its regulatory and supervisory frameworks to minimize burden for its regulated institutions and promote economic growth. “Community banks have an outsized…
Treasury Sanctions Illicit Fentanyl Supply Network Supporting the Sinaloa Cartel
October 6, 2025 / Source: Treasury
WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned eight Mexican individuals and 12 Mexico-based companies affiliated with the Sinaloa Cartel’s Los Chapitos faction. This network supplies illicit fentanyl precursor chemicals to the Sinaloa Cartel, a terrorist organization responsible for a significant portion of the deadly drugs trafficked into the…
FDIC Issues List of Banks Examined for CRA Compliance
October 5, 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 July 2025. The CRA is a 1977 law that requires the FDIC to assess a bank’s record of…
Community Banker Optimism Reaches New High
October 5, 2025 / Source: CSBS
Washington, D.C. – Community banker sentiment reached a peak in the third quarter results of the Conference of State Bank Supervisors (CSBS) Community Banking Sentiment Index (CBSI). The latest CBSI gained seven points from last quarter to 133 points, a record high since the survey’s inception in 2019. The monetary policy indicator also reached an all-time high,…
Speech – Economic Outlook and the Fed’s Monetary Policy Framework
October 5, 2025 / Source: FRB
Thank you, Dean Madan. I appreciate the opportunity to speak here at Drexel University and to visit Philadelphia, an area where I have spent much of my personal and professional life.1 I will not go on too much about the City of Brotherly Love other than to say I am considering jogging up the steps of…
Small Business Lending Under the Equal Credit Opportunity Act (Regulation B); Extension of Compliance Dates
October 2, 2025 / Source: CFPB
AGENCY: Consumer Financial Protection Bureau. ACTION: Final rule. SUMMARY: The Consumer Financial Protection Bureau (CFPB or Bureau) is finalizing its June 18, 2025 interim final rule amending Regulation B to extend the compliance dates set forth in its 2023 small business lending rule, as amended by a 2024 interim final rule, and to make other…
Agencies Issue Reminder to Institutions on Lending When the National Flood Insurance Program Is Unavailable
October 1, 2025 / Source: FDIC
Federal financial institution regulatory agencies today remind lenders that they may continue to make loans that are subject to the federal flood insurance statutes when the National Flood Insurance Program is not available. During this period, lenders are allowed to make these loans without requiring federal flood insurance. As explained in the Interagency Questions and Answers…
Treasury Targets Iranian Weapons Procurement Networks Supporting Ballistic Missile and Military Aircraft Programs
October 1, 2025 / Source: Treasury
WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is designating 21 entities and 17 individuals involved in networks that facilitate the acquisition of sensitive goods and technology for Iran’s Ministry of Defense and Armed Forces Logistics (MODAFL), as well as its missile and military aircraft production efforts. These networks…
OCC Releases CRA Performance Evaluations for Six National Banks and Federal Savings Associations
October 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 September 1, 2025, through September 30, 2025. Under the CRA, the OCC assesses an institution’s record of meeting the credit needs of its entire community, including low- and…
SBA Announces 12th Annual National Veterans Small Business Week
September 30, 2025 / Source: SBA
WASHINGTON ─ Today, the U.S. Small Business Administration (SBA) announced that it will celebrate the 12th consecutive year of National Veterans Small Business Week (NVSBW) from Nov. 3–7, 2025. The week honors America’s 1.6 million veteran-owned small businesses and the commitment to excellence, quality, and strength that defines veteran entrepreneurship across all sectors, including manufacturing. The theme of this year’s NVSBW…
Speech – Monetary Policy Frameworks and the U.S. Economic Outlook
September 30, 2025 / Source: FRB
Thank you, Governor Olli Rehn, for the invitation to visit the lovely city of Helsinki and participate in the Bank of Finland’s International Monetary Policy Conference.1 I highly value the opportunity to interact with, and learn from, my fellow central bankers, so thank you again for having me. When considering the Bank of Finland, the European…
FinCEN Announces Postponement of Residential Real Estate Reporting Until March 1, 2026
September 30, 2025 / Source: FinCEN
Immediate Release September 30, 2025 WASHINGTON––To reduce business burden and ensure effective regulation, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) today announced that it will postpone reporting requirements of the Anti-Money Laundering Regulations for Residential Real Estate Transfers Rule (RRE Rule) until March 1, 2026. FinCEN is taking this step to provide industry…
Agency Information Collection Activities; Proposed Renewal: Comment Request: Renewal Without Change on Information Sharing Between Government Agencies and Financial Institutions
September 30, 2025 / Source: FinCEN
Release Date September 30, 2025 Agency Information Collection Activities; Proposed Renewal: Comment Request: Re… Action Type Notice and Request for Comment, Forms Renewal/Update
FHFA House Price Index® Down 0.1 Percent in July; Up 2.3 Percent from Last Year
September 30, 2025 / Source: FHFA
Washington, D.C. – U.S. house prices fell 0.1 percent in July, according to the U.S. Federal Housing (FHFA) seasonally adjusted monthly House Price Index (FHFA HPI®). House prices rose 2.3 percent from July 2024 to July 2025. The previously reported 0.2 percent price decline in June remained unchanged. For the nine census divisions, seasonally adjusted monthly home price changes ranged…
FinCEN Seeks Comments on Proposed Survey of the Costs of AML/CFT Compliance
September 29, 2025 / Source: FinCEN
The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) invites the general public and other Federal agencies to comment on a proposed Survey of the Costs of Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) Compliance. The proposed survey seeks to gather information on the direct compliance costs incurred by non-bank financial…