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New Mortgage Compliance Dataset Moves Closer to Implementation with Launch of CSBS/MISMO Tech Sprint
October 21, 2025 / Source: CSBS
Washington, D.C. – The Conference of State Bank Supervisors (CSBS) and the Mortgage Industry Standards Maintenance Organization (MISMO) today opened registration for the Mortgage Compliance Dataset (MCD) Tech Sprint kickoff event. The MCD is designed to streamline supervisory compliance examinations for residential mortgage loans. State supervisors, mortgage lenders, loan origination system providers, mortgage compliance vendors, and other interested mortgage technology companies are…
Treasury Sanctions Terrorist Viv Ansanm Affiliates
October 19, 2025 / Source: Treasury
WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is sanctioning Dimitri Herard (Herard) for his support to the Haitian gang coalition, Viv Ansanm. Also designated today is Kempes Sanon (Sanon), leader of the Bel Air gang, one of the constituent gangs in the Viv Ansanm alliance. Viv Ansanm contributes to the violence and instability…
Agencies Announce Withdrawal of Principles for Climate-Related Financial Risk Management
October 16, 2025 / Source: FDIC
WASHINGTON — The federal bank regulatory agencies today announced the withdrawal of interagency Principles for Climate-Related Financial Risk Management for Large Financial Institutions. The agencies do not believe principles for managing climate-related financial risk are necessary because the agencies’ existing safety and soundness standards require all supervised institutions to have effective risk management commensurate with…
Interest Rate Risk: Interest Rate Risk Statistics Report
October 16, 2025 / Source: OCC
Summary The Office of the Comptroller of the Currency (OCC) today published the fall 2025 edition of the Interest Rate Risk Statistics Report. The report presents interest rate risk data gathered during examinations of OCC-supervised midsize and community banks and federal savings associations (collectively, banks). The statistics are for informational purposes only and do not represent…
Fair Housing Act: Update to Fair Housing Lender Posters
October 15, 2025 / Source: OCC
Summary This bulletin informs banks1 of updates to the Office of the Comptroller of the Currency’s (OCC) Equal Housing Lender poster template in accordance with Executive Order 14224 (EO 14224) “Designating English as the Official Language of the United States.” Note for Community Banks This bulletin applies to all banks subject to the Fair Housing Act….
Resolution Readiness and Lessons Learned from Recent Large Bank Failures
October 15, 2025 / Source: FDIC
Introduction I want to start by thanking the Single Resolution Board (SRB) for inviting me to speak at this important and timely conference. This year’s conference is especially noteworthy because we are commemorating the 10th anniversary of the Single Resolution Mechanism (SRM). Together, the SRB and SRM form an important pillar of the European banking union and have…
Speech – Innovation at the Speed of AI
October 15, 2025 / Source: FRB
Thank you for the opportunity to speak to you today about artificial intelligence (AI).1 AI is a powerful and rapidly advancing technology that has captured everyone’s attention. If you’ve watched enough sci-fi, you know that major technological change is usually either dystopian or utopian—the robots either take over the world or improve it. These polarized views…
Statement from U.S. Secretary of the Treasury Scott Bessent for the World Bank Development Committee and IMF International Monetary and Financial Committee
October 15, 2025 / Source: Treasury
As we convene for this year’s Annual Meetings, the United States looks forward to working closely with partners around the world to confront today’s global economic challenges and secure a future underpinned by growth and stability. Achieving success will require collaboration with international financial institutions that are highly effective, efficient, and accountable in implementing their…
U.S. Federal Housing Requests Input on New Strategic Plan
October 15, 2025 / Source: FHFA
Washington, D.C. — Consistent with its statutory requirements and President Trump’s executive orders, U.S. Federal Housing is asking the public for feedback on its proposed Strategic Plan for FY 2026–2030. The new Plan proposes three strategic goals for the Agency: Input on the Plan is due by November 5, 2025, and should be submitted via the…
FinCEN Issues Final Rule Severing Huione Group from the U.S. Financial System
October 14, 2025 / Source: FinCEN
Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued a final rule that severs Cambodia-based Huione Group from the U.S. financial system. Huione Group serves as a critical node for laundering proceeds of cyber heists carried out by the Democratic People’s Republic of Korea and for transnational criminal organizations in Southeast…
Speech – Understanding the Fed’s Balance Sheet
October 14, 2025 / Source: FRB
Thank you, Emily. And thank you to the National Association for Business Economics for the Adam Smith Award. It is an honor just to be mentioned alongside past recipients, including my predecessors Janet Yellen and Ben Bernanke. Thank you for this recognition and for the opportunity to speak with you today. Monetary policy is more…
Comptroller Issues Statement on Federal Reserve Board’s Action to Provide Clarity on Capital Instruments for Mutual Banking Organizations
October 13, 2025 / Source: OCC
WASHINGTON—Comptroller of the Currency Jonathan V. Gould issued the following statement today following the Federal Reserve Board’s release of guidance to provide clarity on capital instruments for mutual banking organizations: The OCC commends the Federal Reserve Board for its recent action to support mutual banking organizations by providing clarification regarding mutual capital certificates and alternative…
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…