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Department of Justice Releases 2025 Annual Report to Congress on Efforts to Combat Elder Fraud and Abuse
November 17, 2025 / Source: US Department of Justice
Today, the Department of Justice released the 2025 Annual Report to Congress on Department of Justice Activities to Combat Elder Fraud and Abuse, which details the Department’s progress in protecting older Americans and holding perpetrators of elder fraud accountable. Over the reporting period, criminal and civil litigators across the Department pursued more than 280 enforcement actions…
Cryptocurrency Investment Firm Founder Sentenced to Five Years in Prison for Defrauding Investors in $9.4M Ponzi Scheme
November 16, 2025 / Source: US Department of Justice
An Oklahoma man was sentenced yesterday to 60 months in prison and ordered to pay over $1 million in forfeiture and over $170,000 in restitution for his leading role in a cryptocurrency investment fraud conspiracy. According to court documents and admissions, Travis Ford, 36, of Glenpool, Oklahoma, was the CEO, co-founder, and head trader of…
Justice Department Announces Nationwide Actions to Combat Illicit North Korean Government Revenue Generation
November 16, 2025 / Source: US Department of Justice
Four U.S. Nationals and Ukrainian Identity Broker Plead Guilty Department Seeks Forfeiture of More Than $15M in Virtual Currency Stolen and Laundered by North Korean Hackers The Justice Department today announced five guilty pleas and more than $15 million in civil forfeiture actions against the Democratic People’s Republic of Korea (DPRK) remote information technology (IT)…
Hong Kong Businessman Indicted for Role in Filing False SEC Investment Adviser Forms on behalf of Sham Entities Used in Ramp-and-Dump Scheme
November 16, 2025 / Source: US Department of Justice
A federal grand jury in the District of Columbia returned an indictment yesterday charging a Hong Kong man for his role in a conspiracy to file false and deceptive investment adviser forms with the U.S. Securities and Exchange Commission (SEC) for at least 10 shell business entities that he and co-conspirators created. The false forms gave…
Mortgage Rates Broadly Flat
November 13, 2025 / Source: Freddie Mac
MCLEAN, Va., Nov. 13, 2025 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.24%. “Rates for the 30-year and the 15-year fixed-rate mortgage essentially remained flat this week, but we did see purchase activity increase, which is encouraging,” said Sam Khater, Freddie…
OCC Bulletin 2025-36: Servicemembers Civil Relief Act: Updated Comptroller’s Handbook Booklet
November 13, 2025 / Source: Office of the Comptroller of the Currency
Summary The Office of the Comptroller of the Currency (OCC) today issued version 1.1 of the “Servicemembers Civil Relief Act” booklet of the Comptroller’s Handbook. The booklet provides information and procedures for examiners in connection with the consumer protections that servicemembers are eligible for under the Servicemembers Civil Relief Act (SCRA). Rescissions The updated booklet replaces…
Proposal of Special Measure Regarding Transactions Involving Ten Mexican Gambling Establishments as a Class of Transactions of Primary Money Laundering Concern (as submitted to the Federal Register)
November 13, 2025 / Source: US Department of the Treasury, FinCEN
FinCEN-311-Gambling-Establishments-NPRM (496.93 KB) Release DateNovember 13, 2025Action TypeNotice of Proposed Rulemaking (NPRM) FinCEN is issuing a notice of proposed rulemaking, pursuant to section 311 of theUSA PATRIOT Act, that finds transactions involving ten identified Mexico-based gamblingestablishments to be a class of transactions of primary money laundering concern, and proposesimposing a special measure to: (1) prohibit…
Federal Bank Regulatory Agencies Release 2024 Small Business, Small Farm, and Community Development Lending Data
November 13, 2025 / Source: Federal Deposit Insurance Corporation
WASHINGTON – The federal bank regulatory agencies, as members of the Federal Financial Institutions Examination Council (FFIEC), today released data on small business, small farm, and community development lending during 2024. The Community Reinvestment Act regulations require the agencies to annually disclose these data. The FFIEC also prepared aggregate reports of small business and small…
Proposed Rule: Amendments Related to Disparate impact, Discouragement of Applicants or Prospective Applicants, and Special Purpose credit programs under Regulation B (ECOA)
November 13, 2025 / Source: Consumer Financial Protection Bureau
The Consumer Financial Protection Bureau (Bureau or CFPB) is issuing a proposed rule for public comment that amends provisions related to disparate impact, discouragement of applicants or prospective applicants, and special purpose credit programs under Regulation B, the regulation implementing the Equal Credit Opportunity Act (ECOA or Act). The amendments would facilitate compliance with ECOA…
Treasury and Government of Mexico Partners Target Transnational Criminal Organization
November 13, 2025 / Source: US Department of the Treasury
November 13, 2025 WASHINGTON — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) and the Financial Crimes Enforcement Network (FinCEN) joined the Government of Mexico in targeting the Hysa Organized Crime Group and numerous Mexico-based gambling establishments involved in cartel-related money laundering and a slew of other criminal activities across Mexico and Europe. This…
Proposed Rule: Revisions to the Equal Credit Opportunity Act Made by Section 1071 of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
November 13, 2025 / Source: Consumer Financial Protection Bureau
The Consumer Financial Protection Bureau (CFPB or Bureau) proposes revisions to certain provisions of Regulation B, subpart B, implementing changes to the Equal Credit Opportunity Act made by section 1071 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The Bureau is reconsidering coverage of certain credit transactions and financial institutions; the small business…
New Scam Center Strike Force Battles Southeast Asian Crypto Investment Fraud Targeting Americans
November 12, 2025 / Source: Department of Justice
Strike Force Targets Chinese TCOs Behind the Schemes & Works in Public-Private Partnership WASHINGTON – U.S. Attorney Jeanine Ferris Pirro, together with major federal law enforcement and interagency partners, announced the creation of the first Scam Center Strike Force to secure America against Southeast Asian cryptocurrency-related fraud and scams. …
United States Mint Hosts Historic Ceremonial Strike for Final Production of the Circulating One-Cent Coin
November 12, 2025 / Source: United States Mint
PHILADELPHIA, Nov. 12, 2025 — The United States Mint (Mint) hosted a ceremonial strike event today at its Philadelphia facility where United States Treasurer Brandon Beach struck the final, circulating one-cent coin (penny). The event marks the official end of the penny’s 232-year production run as a circulating coin. “Today the Mint celebrates 232 years…
Treasury Sanctions Burma Armed Group and Companies Linked to Organized Crime Targeting Americans
November 12, 2025 / Source: US Department of the Treasury
November 12, 2025 WASHINGTON — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated the Democratic Karen Benevolent Army (DKBA), a Burmese armed group, along with four of its senior leaders, for supporting cyber scam centers in Burma that target Americans using fraudulent investment schemes. OFAC is also designating Trans Asia International Holding Group Thailand…
Treasury Disrupts Iran’s Transnational Missile and UAV Procurement Networks
November 12, 2025 / Source: US Department of the Treasury
November 12, 2025 WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is targeting 32 individuals and entities based in Iran, the United Arab Emirates (UAE), Türkiye, China, Hong Kong, India, Germany, and Ukraine that operate multiple procurement networks supporting Iran’s ballistic missile and unmanned aerial vehicle (UAV) production. “Across the…
Speech: Remarks by Secretary of the Treasury Scott Bessent before the Treasury Market Conference
November 12, 2025 / Source: US Department of the Treasury
November 12, 2025 Parallel Prosperity: Strengthening the Treasury Market to Build America’s Golden Age Introduction Good morning. It’s an honor to be here. To begin, I would like to thank the New York Fed for hosting this meeting and for inviting me to join you. It’s fitting that the Treasury Market Conference is held each…
CFPB Notifies Court it Cannot Lawfully Draw Funds from the Federal Reserve
November 12, 2025 / Source: Consumer Financial Protection Bureau
Washington, D.C.—Today, the Consumer Financial Protection Bureau (CFPB) filed a notice informing the court in NTEU v. Vought that the Department of Justice’s Office of Legal Counsel (OLC) has determined that the Bureau may not legally request funds at this time from the Federal Reserve under Dodd-Frank. OLC made this conclusion on the basis that the Federal…
FFIEC Publishes 2024 Data on Mortgage Lending
November 9, 2025 / Source: Federal Financial Institutions Examination Council
July 7, 2025 Announcement The Federal Financial Institutions Examination Council (FFIEC) recently published data on 2024 mortgage lending transactions reported under the Home Mortgage Disclosure Act (HMDA) by 4,908 U.S. financial institutions. The Snapshot National Loan-Level Dataset released contains the national HMDA datasets as of May 19, 2025. The FFIEC released several data products to serve a…
FDIC Updates its Consumer Compliance Examination Schedule
November 9, 2025 / Source: Federal Deposit Insurance Corporation
Summary: The FDIC’s Consumer Compliance Examination Manual has been revised to reflect an updated examination frequency schedule whereby consumer compliance examinations and Community Reinvestment Act (CRA) evaluations will occur less frequently for most institutions. Statement of Applicability: The contents of, and material referenced in, this FIL apply to all FDIC-supervised financial institutions. Highlights: Section II-12.1 of…
Speech: A Global Stablecoin Glut: Implications for Monetary Policy
November 9, 2025 / Source: Board of Governors of the Federal Reserve System
Governor Stephen I. Miran At the BCVC Summit 2025, Harvard Club of New York City, New York, New York Watch Live Thank you, I really appreciate the opportunity to speak to you today.1 I am excited to be discussing stablecoins. This innovation has been unfairly treated as a pariah by some, but stablecoins are now…
Speech: AI and the Economy
November 9, 2025 / Source: Board of Governors of the Federal Reserve System
Vice Chair Philip N. Jefferson At Euro20+, Deutsche Bundesbank, Frankfurt, Germany Watch Live Thank you, President Nagel and the Bundesbank, for the opportunity to meet with you today.1 I am excited to be here. I cherish opportunities to talk with groups of young people such as this. I spent most of my career as a professor…
Treasury Orders Department-Wide Investigation into Potential Fraud Across Contracting Programs
November 9, 2025 / Source: US Department of the Treasury
November 6, 2025 WASHINGTON – The U.S. Department of the Treasury today announced a comprehensive audit of all contracts and task orders awarded under preference-based contracting, totaling approximately $9 billion in contract value across Treasury and its bureaus. The audit will examine potential misuse of the Small Business Administration’s 8(a) Business Development Program, and other initiatives…
Supervisory Relief to Help Financial Institutions and Facilitate Recovery for the Leech Lake Band of Ojibwe of the Leech Lake Indian Reservation in Minnesota Affected by Severe Storms and Straight-line Winds
November 6, 2025 / Source: Federal Deposit Insurance Corporation
Summary: The FDIC has announced a series of steps intended to provide regulatory relief to institutions and facilitate recovery in areas of the Leech Lake Indian Reservation in Minnesota affected by severe storms and straight-line winds. Please review the FDIC’s Disaster Page to review information about what to do if your bank is affected. Statement of Applicability: The…
Supervisory Relief to Help Financial Institutions and Facilitate Recovery in Areas of Alaska Affected by Severe Storms, Flooding, and Remnants of Typhoon Halong
November 6, 2025 / Source: Federal Deposit Insurance Corporation
Summary: The FDIC has announced a series of steps intended to provide regulatory relief to institutions and facilitate recovery in areas of Alaska affected by severe storms, flooding, and Typhoon Halong. Please review the FDIC’s Disaster Page to review information about what to do if your bank is affected. Statement of Applicability: The contents of, and material referenced…
Treasury Sanctions Hizballah Operatives Exploiting Lebanon’s Cash Economy
November 6, 2025 / Source: US Department of the Treasury
November 6, 2025 WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is taking action to support the disarmament of Hizballah by sanctioning individuals who facilitated funneling tens of millions of dollars from Iran to Hizballah in 2025, using exchange houses to take advantage of Lebanon’s cash-based financial sector. Hizballah…