Banker Compliance News

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.

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Federal Open Market Committee reaffirms its “Statement on Longer-Run Goals and Monetary Policy Strategy”

January 28, 2026 / Source: FRB

Press Release January 28, 2026 Federal Open Market Committee reaffirms its “Statement on Longer-Run Goals and Monetary Policy Strategy” For release at 2:00 p.m. EST The Federal Open Market Committee, at its annual organization meeting this week, unanimously reaffirmed its “Statement on Longer-Run Goals and Monetary Policy Strategy,” often known as the consensus statement, which…

Federal Reserve issues FOMC statement

January 28, 2026 / Source: FRB

Press Release January 28, 2026 Federal Reserve issues FOMC statement For release at 2:00 p.m. EST Available indicators suggest that economic activity has been expanding at a solid pace. Job gains have remained low, and the unemployment rate has shown some signs of stabilization. Inflation remains somewhat elevated. The Committee seeks to achieve maximum employment…

Chinese National Sentenced to Prison for Role in Crypto Scam Targeting Americans

January 27, 2026 / Source: US Department of Justice

Chinese national Jingliang Su was sentenced today to 46 months in prison for his role in laundering more than $36.9 million from victims in a digital asset investment conspiracy that was carried out from scam centers in Cambodia. The court also ordered Su to pay $26,867,242.44 in restitution. Su pleaded guilty in June 2025 to…

FHFA House Price Index® Up 0.6 Percent in November; Up 1.9 Percent from Last Year

January 27, 2026 / Source: Federal Housing Finance Agency

Washington, D.C. – U.S. house prices rose 0.6 percent in November, according to the U.S. Federal Housing (FHFA) seasonally adjusted monthly House Price Index (FHFA HPI®). House prices rose 1.9 percent from November 2024 to November 2025. The previously reported 0.4 percent price change in October remained unchanged. For the nine census divisions, seasonally adjusted monthly home price changes ranged…

Investigation into International “ATM Jackpotting” Scheme and Tren de Aragua results in Additional Indictment and 87 Total Charged Defendants

January 26, 2026 / Source: US Department of Justice

A federal grand jury in the District of Nebraska returned an additional indictment charging 31 individuals for their roles in a large conspiracy to deploy malware and steal millions of dollars from ATMs in the United States, a crime commonly referred to as “ATM jackpotting.” Fifty-six others have already been charged. Many of the defendants…

FTC Hosts Workshop on Noncompete Agreements

January 26, 2026 / Source: Federal Trade Commission

WHAT:  The FTC will host a workshop on employee noncompete agreements, which will include public statements from FTC Commissioners, victims of unfair and anticompetitive noncompete agreements, and leading experts in the field.  WHEN:  Tuesday, January 27, 2026, 1:00 pm E.T.  WHERE:  Due to inclement weather, this event will be held virtually. It will not be…

Treasury Escalates Pressure on Iranian Regime for Killing Peaceful Protestors

January 26, 2026 / Source: US Department of the Treasury

OFAC targets shadow fleet vessels and facilitators supporting Iranian oil exports  WASHINGTON—Today, amidst the Iranian regime’s brutal crackdown on peaceful protestors and its complete shutdown of internet access to conceal its abuses against the Iranian people, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is increasing pressure on the regime’s shadow fleet….

‘Cleaning House’: HUD Orders Immediate Citizenship Verification for All Tenants in HUD-Funded Housing Nationwide

January 25, 2026 / Source: US Department of Housing and Urban Development

WASHINGTON – Following a Department of Housing and Urban Development (HUD) and Department of Homeland Security (DHS) audit into all tenants across HUD-funded housing nationwide, HUD discovered nearly 200,000 tenants requiring eligibility verification, nearly 25,000 deceased tenants, and nearly 6,000 ineligible non-American tenants. HUD announced that all Public Housing Authorities (PHAs) and owners participating in HUD-funded…

Florida Nursing Assistant Convicted in $11.4M Health Care Fraud Scheme Targeting Medicare Beneficiaries

January 22, 2026 / Source: US Department of Justice

A federal jury in Fort Lauderdale, Florida, convicted a nursing assistant today for his role in an $11.4 million health care fraud and wire fraud conspiracy in which hundreds of Medicare beneficiaries were sent thousands of orthotic braces they did not need. “Defendant Chris Cruz blatantly lied to Medicare in order to steal over $11…

Amendments to FDIC Guidelines for Appeals of Material Supervisory Determinations

January 22, 2026 / Source: Federal Deposit Insurance Corporation

Summary: The FDIC is amending the agency’s Guidelines for Appeals of Material Supervisory Determinations (Guidelines). Through these amendments, the FDIC is replacing the current Supervision Appeals Review Committee with an independent, standalone office within the FDIC, known as the Office of Supervisory Appeals (Office). The Office will serve as the final level of review of material supervisory…

FDIC Board Approves Final Rule to Amend Official Signs and Advertising Requirements

January 22, 2026 / Source: Federal Deposit Insurance Corporation

WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) Board of Directors today approved a final rule to amend regulations governing the display of the FDIC official digital sign and non-deposit signage. The rule simplifies requirements for banks’ display of the FDIC official digital sign and non-deposit signage on digital deposit-taking channels, such as bank websites and…

Treasury Sanctions One of the Caribbean’s Largest Narcotics Traffickers and His Network

January 22, 2026 / Source: US Department of the Treasury

OFAC Continues to Target Costa Rica-Based Cocaine Trafficking to the United States WASHINGTON — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated five Costa Rican nationals and five Costa Rica-based entities for their involvement in narcotics trafficking and money laundering.  A key global cocaine transshipment point, Costa Rica has become an…

Speech: President Trump Calls for 10% Credit Card Interest Rate Cap to Address US Affordability Concerns

January 22, 2026 / Source: World Economic Forum

Well, thank you very much, Larry. It’s great to be back in beautiful Davos, Switzerland, and to address so many respected business leaders, so many friends, a few enemies, and all of the distinguished guests. It’s a Who’s, Who, I will say that. I’ve come to this year’s World Economic Forum with truly phenomenal news…

Jacksonville Businessman Pleads Guilty to Tax Evasion

January 21, 2026 / Source: US Department of Justice

Defendant Evaded Millions in Taxes A Jacksonville businessman pleaded guilty yesterday to evading millions of dollars in federal income taxes. According to court documents and statements made in court, Phillip Mak, a sales representative, earned more than $10 million during 2008 through 2020. Mak owed more than $3.7 million in federal taxes on that income…

Bank Insider Pleads Guilty to Facilitating Colombian ATM Money Laundering Scheme

January 21, 2026 / Source: US Department of Justice

The charge of money laundering conspiracy carries a maximum penalty of 20 years in prison and a fine of $500,000 or twice the amount involved in the offense, whichever is greater. The charge of receipt of bribes by a bank employee carries a maximum penalty of 30 years in prison and a fine of $1,000,000…

Treasury Exposes and Disrupts Hamas’s Covert Support Network

January 21, 2026 / Source: US Department of the Treasury

WASHINGTON — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) is taking action against Hamas’s covert links to nonprofit organizations.  Hamas’s insidious practice of operating behind civilian organizations endangers Palestinians and undermines efforts to build a lasting and prosperous peace.  By exposing organizations with secret ties to Hamas, OFAC is strengthening the…

Tennessee Man Convicted for Three Bank Robberies and One Attempted Bank Robbery Ending in a Shootout

January 20, 2026 / Source: US Department of Justice

A federal jury in Memphis, Tennessee, convicted a man on Friday for a series of brazen bank robberies, one of which ended with the defendant shooting two people with an assault rifle. At trial, the defendant was convicted of robbing three banks and joining a conspiracy that robbed a total of five bank branches. This…

Treasury Increases Pressure on Houthi Smuggling and Illicit Revenue Generation Networks

January 20, 2026 / Source: US Department of the Treasury

WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is designating 21 individuals and entities and identifying one vessel that have transferred oil products, procured weapons and dual-use equipment, and provided financial services for Iran-backed terrorist organization Ansarallah, commonly known as the Houthis.  This action targets financial conduits between the…

Speech: Economic Outlook and Monetary Policy Implementation

January 19, 2026 / Source: Board of Governors of the Federal Reserve System

Thank you, President Hasner, for the kind introduction. It is an honor to speak at Florida Atlantic University, and I am glad to have the chance to talk with those here from the American Institute for Economic Research and the Shadow Open Market Committee. I especially appreciate the opportunity to discuss my economic outlook at…

Joint Report to Congressional Committees: Differences in Accounting and Capital Standards Among the Federal Banking Agencies as of September 30, 2025; Report to Congressional Committees

January 15, 2026 / Source: National Archives and Records Administration

The Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System (Board), and the Federal Deposit Insurance Corporation (FDIC) (collectively, the agencies) have prepared this report pursuant to section 37(c) of the Federal Deposit Insurance Act. Section 37(c) requires the agencies to jointly submit an annual report to…

Secretary Bessent Announces Sanctions Against Architects of Iran’s Brutal Crackdown on Peaceful Protests

January 15, 2026 / Source: US Department of the Treasury

January 15, 2026 WASHINGTON—Today, as the people of Iran bravely take to the streets to demand basic freedoms and economic security, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is taking action against the architects of the Iranian regime’s brutal crackdown on peaceful demonstrators.  OFAC today is also taking action against the…

Proposed Rule: HUD’s Implementation of the Fair Housing Act’s Disparate Impact Standard

January 14, 2026 / Source: Department of Housing and Urban Development

The Fair Housing Act prohibits discrimination in the sale, rental, or financing of dwellings and in other housing-related activities. Since 2013, HUD has issued three final rules for determining whether a given practice has an unjustified discriminatory effect under the Fair Housing Act, even where practices were not motivated by discriminatory intent. These rules formalized…

FTC Asks Court to Hold Payment Processors in Contempt for Systematically Violating 2015 Order: Agency is seeking at least $52.9 million in relief for consumers from Cliq, Andrew Phillips, and John Blaugrund

January 13, 2026 / Source: Federal Trade Commission

The Federal Trade Commission has asked a federal court to hold the operators of a payment processing operation in contempt for systematically violating their 2015 order with the agency over allegations they illegally processed credit card payments. In a motion filed in federal court, the FTC alleged that Cliq, Inc., formerly Cardflex, Inc., along with its operators,…

Geographic Targeting Order Imposing Recordkeeping and Reporting Requirements on Certain Financial Institutions in Minnesota

January 13, 2026 / Source: Department of the Treasury Financial Crimes Enforcement Network

FinCEN is issuing this Geographic Targeting Order, requiring banks and money transmitters located in the Counties of Hennepin and Ramsey, Minnesota to retain and report records of certain payments of $3,000 or more.

Treasury and State Departments Designate Muslim Brotherhood Branches as Terrorist Organizations

January 13, 2026 / Source: US Department of the Treasury

WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), in coordination with the Department of State, is taking action pursuant to the Administration’s policy to curtail the pernicious influence of the Muslim Brotherhood and protect the United States and its partners from Muslim Brotherhood chapters’ support for terrorism. Chapters of the…