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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…
Speech – The Next Frontier of Payments Innovation
September 29, 2025 / Source: FRB
Thank you for inviting me to speak here today.1 The theme for Sibos this year, “the next frontiers of global finance” is a fitting one. We are indeed witnessing a new frontier of innovation in payments and the broader financial system. New technologies like distributed ledgers, tokenized assets, smart contracts, and artificial intelligence (AI) have the…
Statement of the United States Department of the Treasury, the Swiss Federal Department of Finance and the Swiss National Bank on macroeconomic and foreign exchange matters
September 29, 2025 / Source: Treasury
As trusted partners, the United States Department of the Treasury on the one side and the Swiss Federal Department of Finance and the Swiss National Bank on the other side shared the understanding to continue their close consultations on macroeconomic and foreign exchange matters in their Standing Macroeconomic and Financial Dialogue. The United States and…
Remarks by PDO Assistant Secretary McMaster Before the 2025 Annual Primary Dealer Meeting at the Federal Reserve Bank of New York
September 29, 2025 / Source: Treasury
Good morning and thank you for having me here at the Federal Reserve Bank of New York’s annual primary dealer meeting. I am Hunter McMaster, Director of Policy and Planning at the Treasury Department. I’m also performing the duties of the Assistant Secretary for Financial Markets. In this latter role, I oversee Treasury’s Office of Debt…
FDIC Announces Five Senior Leadership Appointments
September 28, 2025 / Source: FDIC
WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today announced the appointment of the following personnel to serve in senior leadership positions: Ryan Billingsley has been appointed Director of the FDIC’s Division of Risk Management Supervision (RMS), overseeing the agency’s safety and soundness examination and supervision of insured commercial banks and savings institutions. Ryan has served…
Thoughts on Monetary Policy Decisionmaking and Challenges Ahead
September 28, 2025 / Source: FRB
Good afternoon. Thank you for the invitation to speak to you. I am delighted to have the opportunity to address this distinguished group of macroeconomic forecasters. Today I will discuss how I approach monetary policy decisionmaking, and I will then describe some of the challenges we will likely face in the years ahead.1 Before turning…
HUD and Census Bureau Report New Residential Sales in August 2025
September 28, 2025 / Source: HUD
WASHINGTON (September 26, 2025) – The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential sales statistics for August 2025: New Home SalesSales of new single-family houses in August 2025 were at a seasonally-adjusted annual rate of 800,000, according to estimates released jointly today by the U.S….