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].
FinCEN Issues Guidance to Financial Institutions on Cross-Border Information Sharing
September 7, 2025 / Source: FinCEN
Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) is issuing guidance to encourage and promote appropriate, voluntary cross-border sharing of information between and among financial institutions, including appropriate foreign financial institutions. The guidance aims to help combat the threats posed by money laundering, terrorist financing, and other illicit finance activity, including…
FDIC Issues List of Banks Examined for CRA Compliance
September 7, 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 June 2025. The CRA is a 1977 law that requires the FDIC to assess a bank’s record of…
Legal Standard Applicable to Supervisory Designation Proceedings
September 4, 2025 / Source: CFPB
AGENCY: Consumer Financial Protection Bureau. ACTION: Proposed rule; request for comment. SUMMARY: The Consumer Financial Protection Bureau (Bureau or CFPB) is proposing to adopt a standard definition of “risks to consumers with regard to the offering or provision of consumer financial products or services” that will bind the Bureau in proceedings to designate nonbank covered…
Update to the FDIC’s Consumer Compliance Examination Manual
September 4, 2025 / Source: FDIC
Summary: The FDIC’s Consumer Compliance Examination Manual has been updated to reflect that the FDIC will evaluate potential discrimination under the Equal Credit Opportunity Act and Fair Housing Act only through evidence of disparate treatment. Statement of Applicability: The contents of, and material referenced in, this FIL apply to all FDIC-supervised financial institutions. Highlights: The following…
Treasury Sanctions China-Based Chemical Company to Combat Synthetic Opioid Trafficking
September 3, 2025 / Source: Treasury
WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned Guangzhou Tengyue Chemical Co., Ltd. (Guangzhou Tengyue), a chemical company operating in China that is involved in the manufacture and sale of synthetic opioids to Americans. In addition to opioids, Guangzhou Tengyue has also sold dangerous analgesic chemicals often used as cutting…
Federal Reserve Board announces it will host a conference on payments innovation on Tuesday, October 21
September 3, 2025 / Source: FRB
The Federal Reserve Board on Wednesday announced that it will host a conference on payments innovation on Tuesday, October 21. The conference will bring together a range of interested parties to discuss how to further innovate and improve the payments system. “Innovation has been a constant in payments to meet the changing needs of consumers…
FinCEN Unveils User-Friendly Changes to FinCEN.gov
September 3, 2025 / Source: FinCEN
WASHINGTON—The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) has unveiled a new, modernized layout of its website, FinCEN.gov. Information on the homepage has been reorganized to provide a more user-friendly communication format. The restructured navigation aims to make it easier for users to find information quickly and learn about FinCEN’s work to safeguard…
Disney to Pay $10 Million to Settle FTC Allegations the Company Enabled the Unlawful Collection of Children’s Personal Data
September 2, 2025 / Source: FTC
Disney will pay $10 million to settle Federal Trade Commission allegations that the company allowed personal data to be collected from children who viewed kid-directed videos on YouTube without notifying parents or obtaining their consent as required by the Children’s Online Privacy Protection Rule (COPPA Rule). The proposed order would transform how the entertainment behemoth designates videos on…
OCC Releases CRA Performance Evaluations for 11 National Banks and Federal Savings Associations
September 2, 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 August 1, 2025, through August 31, 2025. Under the CRA, the OCC assesses an institution’s record of meeting the credit needs of its entire community, including low- and…
Treasury Intensifies Pressure on Iranian Oil Smuggling and Sanctions Evasion Schemes in Iraq
September 2, 2025 / Source: Treasury
WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned a network of shipping companies and vessels led by Iraqi-Kittitian businessman Waleed al-Samarra’i (al-Samarra’i) for smuggling Iranian oil disguised as Iraqi oil. This network operates primarily by covertly blending Iranian oil with Iraqi oil, which is then marketed intentionally as solely of Iraqi…
FDIC Issues CRA Examination Schedule for Fourth Quarter 2025
September 1, 2025 / Source: FDIC
WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today issued the list of institutions scheduled for a Community Reinvestment Act (CRA) examination during the fourth quarter 2025. CRA regulations require each federal bank and thrift regulator to publish its quarterly CRA examination schedule at least 30 days before the beginning of each quarter. The Community Reinvestment…
Federal Reserve Board announces final individual capital requirements for large banks, effective on October 1
September 1, 2025 / Source: FRB
Following its stress test earlier this year, the Federal Reserve Board on Friday announced final individual capital requirements for large banks, effective on October 1. Large bank capital requirements are informed by the Board’s stress test results, which provide a risk-sensitive and forward-looking assessment of capital needs. In April, the Board proposed a rule to…
OCC Decreases the September 30, 2025, Assessment Rates for National Banks and Federal Savings Associations
September 1, 2025 / Source: OCC
WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced a decrease in assessment rates for the September 30, 2025, semiannual assessment. This is the fifth decrease in assessments since 2017 and will apply to all OCC-regulated institutions. “The OCC is operating more efficiently through a diligent effort to modernize its approach to bank…
FinCEN Issues Advisory and Financial Trend Analysis on Chinese Money Laundering Networks
August 28, 2025 / Source: FinCEN
WASHINGTON — Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) is raising the alarm on Chinese money laundering networks (CMLNs), which pose a significant threat to the U.S. financial system. FinCEN is issuing: (1) an Advisory to urge financial institutions to be vigilant in detecting the use of CMLNs by Mexico-based drug cartels, including several designated as…
OCC Issues Fourth Quarter 2025 and First Quarter 2026 CRA Evaluation Schedule
August 27, 2025 / Source: OCC
WASHINGTON—The Office of the Comptroller of the Currency (OCC) today released its schedule of Community Reinvestment Act (CRA) evaluations to be conducted in the fourth quarter of 2025 and the first quarter of 2026. The OCC encourages public comment on the CRA-related activities of the national banks and federal savings associations (collectively, banks) scheduled to…
Telemarketer Fees to Access the FTC’s National Do Not Call Registry to Increase in 2026
August 27, 2025 / Source: FTC
The Federal Trade Commission today announced new fees for telemarketers to access phone numbers on the National Do Not Call (DNC) Registry for Fiscal Year 2026, which begins on October 1, 2025. All telemarketers calling consumers in the United States are required to download the numbers on the National DNC Registry to ensure they do not…
Treasury Sanctions Fraud Network Funding DPRK Weapons Programs
August 27, 2025 / Source: Treasury
WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned Vitaliy Sergeyevich Andreyev, Kim Ung Sun, Shenyang Geumpungri Network Technology Co., Ltd, and Korea Sinjin Trading Corporation for their roles in a fraudulent information technology (IT) worker scheme orchestrated by the Democratic People’s Republic of Korea (DPRK) government. “The North Korean regime continues to target American…
SBA Orders Lenders to End Practice of Debanking
August 27, 2025 / Source: SBA
WASHINGTON — Today, the U.S. Small Business Administration (SBA) sent a letter to its network of over 5,000 lenders instructing them to end politicized or unlawful banking practices. Pursuant to Executive Order 14331, “Guaranteeing Fair Banking for All Americans,” SBA is requiring all lenders to stop the practice of Obama- and Biden-era debanking, and to reinstate otherwise qualified customers…
FDIC-Insured Institutions Reported Return on Assets of 1.13 Percent and Net Income of $69.9 Billion in Second Quarter 2025
August 26, 2025 / Source: FDIC
WASHINGTON—The Federal Deposit Insurance Corporation (FDIC) today released the results of its latest Quarterly Banking Profile, a comprehensive summary of financial results based on reports from 4,421 insured commercial banks and savings institutions. In second quarter 2025, insured depository institutions reported a return on assets (ROA) ratio of 1.13 percent and aggregate net income of $69.9 billion, a…
U.S. House Prices Rise 2.9 Percent Year over Year; Unchanged Quarter over Quarter
August 26, 2025 / Source: FHFA
Washington, D.C. – U.S. house prices rose 2.9 percent between the second quarter of 2024 and the second quarter of 2025, according to the U.S. Federal Housing (FHFA) House Price Index (FHFA HPI®). House prices for the second quarter of 2025 remained unchanged compared to the first quarter of 2025. FHFA’s seasonally adjusted monthly index for June was…
FTC Sues to Stop Air AI from Using Deceptive Claims about Business Growth, Earnings Potential, and Refund Guarantees to Bilk Millions from Small Businesses
August 25, 2025 / Source: FTC
The Federal Trade Commission has asked a federal court to stop Air AI from using allegedly deceptive claims about business growth, earnings potential, and refund guarantees to fleece small businesses and entrepreneurs. The FTC alleges consumers, many of whom are small business owners, lose as much as $250,000 and are often left in debt after relying on…
Federal Open Market Committee announces approval of updates to its Statement on Longer-Run Goals and Monetary Policy Strategy
August 24, 2025 / Source: FRB
The Federal Open Market Committee (FOMC) on Friday announced the unanimous approval of updates to its Statement on Longer-Run Goals and Monetary Policy Strategy, which articulates the Committee’s approach to monetary policy and serves as the foundation for its policy actions. The updated statement, also commonly known as the consensus statement, emphasizes that the FOMC’s monetary…
Speech – Monetary Policy and the Fed’s Framework Review
August 24, 2025 / Source: FRB
Over the course of this year, the U.S. economy has shown resilience in a context of sweeping changes in economic policy. In terms of the Fed’s dual-mandate goals, the labor market remains near maximum employment, and inflation, though still somewhat elevated, has come down a great deal from its post-pandemic highs. At the same time,…
HUD Announces Sponsors for the 2025 Innovative Housing Showcase
August 21, 2025 / Source: HUD
WASHINGTON – Today the U.S. Department of Housing and Urban Development (HUD) announced the presenting sponsors for the 2025 Innovative Housing Showcase: The International Code Council (ICC), The Manufactured Housing Institute (MHI), The Structural Building Components Association (SBCA), and The Home Depot. As a proud part of the America 250 Initiative, the showcase will feature the theme, “The American Home Is The…
Treasury Targets Iranian Oil Exports and Shadow Fleet
August 21, 2025 / Source: Treasury
WASHINGTON — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) is further disrupting Iran’s oil exports by imposing sanctions on Greek national Antonios Margaritis, his network of companies, and nearly a dozen vessels involved in Iran’s shadow fleet. Margaritis has leveraged his decades of experience in the shipping industry to illicitly facilitate the…