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Consumer Advisory Board Meeting
November 23, 2025 / Source: Consumer Financial Protection Bureau
by the Consumer Financial Protection Bureau on 11/21/2025. Under the Federal Advisory Committee Act (FACA), this notice sets forth the announcement of a public meeting of the Consumer Advisory Board (CAB or Board) of the Consumer Financial Protection Bureau (CFPB or Bureau). The notice also describes the functions of the Board.
Fair Debt Collection Practices Act CFPB Annual Report 2025
November 23, 2025 / Source: Consumer Financial Protection Bureau
NOV 21, 2025 The CFPB’s annual report to Congress includes a summary of the CFPB’s activities to administer the Fair Debt Collection Practices Act (FDCPA) in 2024. It also includes activities related to debt collection that were conducted by the Federal Trade Commission in 2024. Full report Read the full report
Treasury Moves to Prevent Abuse of Refundable Tax Credit Benefits by Illegal Aliens
November 20, 2025 / Source: US Department of the Treasury
November 20, 2025 WASHINGTON – The U.S. Department of the Treasury announced today that it will issue regulations concerning the treatment of certain refundable individual income tax credits under the Personal Responsibility and Work Opportunity Reconciliation Act of 1996 (PRWORA). Treasury will issue a forthcoming notice of proposed rulemaking to clarify that the refunded portions of…
Treasury Tightens Sanctions on Iran’s Oil Network Supporting its Military
November 20, 2025 / Source: US Department of the Treasury
November 20, 2025 WASHINGTON—Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is sanctioning a network of front companies and shipping facilitators that bankroll the Iranian armed forces by selling crude oil. Following its defeat in the 12-Day War with Israel, Iran’s military has increasingly come to rely on the sale of…
Webinar: Reg Z & Credit Cards
November 20, 2025 / Source: Compliance Alliance
Published: November 20th, 2025 Description: This one-hour webinar will cover credit card rules under Regulation Z. Information presented will include account opening disclosures, periodic statements, changes in terms, special credit card provisions, billing error resolution, and marketing to college students. Key Takeaways: Considerations for banks to keep in mind when opening or servicing credit cardsReminders…
United States, Australia, and United Kingdom Sanction Russian Cybercrime Infrastructure Supporting Ransomware
November 19, 2025 / Source: US Department of the Treasury
November 19, 2025 WASHINGTON — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC), Australia’s Department of Foreign Affairs and Trade, and the United Kingdom’s Foreign Commonwealth and Development Office are announcing coordinated sanctions targeting Media Land, a Russia-based bulletproof hosting (BPH) service provider, for its role in supporting ransomware operations and other forms…
Treasury Sanctions Former Canadian Olympian and Notorious Narcotrafficker Ryan Wedding
November 19, 2025 / Source: US Department of the Treasury
November 19, 2025 Sanctions Are Part of a Coordinated U.S. Government Action Against Wedding WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned Ryan James Wedding (Wedding), alongside nine individuals and nine entities closely associated with him. Wedding, a former Olympic snowboarder for Team Canada, is one of the Federal Bureau…
Four California Residents Sentenced to Prison in Connection with $16M Hospice Fraud and Money Laundering Scheme
November 18, 2025 / Source: US Department of Justice
Four California residents were sentenced to prison for their roles in defrauding Medicare of nearly $16 million through sham hospice companies and laundering the fraudulent proceeds. Yesterday, Juan Carlos Esparza, 33, of Valley Village, was sentenced to 57 months in prison and ordered to pay restitution of $1,825,012, and Susanna Harutyunyan, 39, of Winnetka, was…
OCC Confirms Bank Authority to Hold Certain Crypto-Assets as Principal for Purposes of Paying Crypto-Asset Network Fees
November 18, 2025 / Source: Office of the Comptroller of the Currency
WASHINGTON—The Office of the Comptroller of the Currency (OCC) today confirmed permissible bank activities related to paying crypto-asset network fees. The OCC published Interpretive Letter 1186 confirming that a national bank may pay network fees, sometimes referred to as “gas fees,” on blockchain networks to facilitate otherwise permissible activities and hold, as principal, amounts of…
Speech: The Case for Strong, Effective Banking Supervision
November 18, 2025 / Source: Board of Governors of the Federal Reserve System
I am pleased to be here today to discuss a core part of the Federal Reserve’s mission: banking supervision.1 Much of what the Fed does to conduct monetary policy, promote a stable financial system, provide a safe and efficient payments system, and support consumers and community development depends on a healthy banking system. Lending fuels entrepreneurship,…
Federal Reserve Board releases information regarding enhancements to bank supervision
November 18, 2025 / Source: Board of Governors of the Federal Reserve System
The Federal Reserve Board on Tuesday released information regarding enhancements to bank supervision. The new supervisory operating principles were provided to all Federal Reserve supervisory leadership and staff and are intended to focus Federal Reserve examiners on material financial risks threatening the safety and soundness of banks and on taking timely, proportionate action to ensure…
Speech: The Case for Continuing Rate Cuts
November 17, 2025 / Source: Board of Governors of the Federal Reserve System
Governor Christopher J. Waller At the Society of Professional Economists Annual Dinner, London, United Kingdom Watch Live Thank you to the Society for the honor of addressing your annual meeting.1 In doing a little research on the SPE’s history, I noted that one goal cited by the business economists who founded this group was creating a…
Speech: Economic Outlook and Monetary Policy
November 17, 2025 / Source: Board of Governors of the Federal Reserve System
November 17, 2025 Economic Outlook and Monetary Policy Vice Chair Philip N. Jefferson At the Federal Reserve Bank of Kansas City, Kansas City, Missouri Thank you, President Schmid, for the kind introduction and for the invitation to speak here today.1 It is an honor to be in Kansas City and in the beautiful 10th District. I…
Money Smart Town Hall: Strengthening Financial Readiness and Well-Being for Veterans and Their Families
November 17, 2025 / Source: Federal Deposit Insurance Corporation
Event Date Wednesday, November 19, 2025, 1–2 p.m. ET Location Webinar, Webex The Federal Deposit Insurance Corporation (FDIC) and the Department of Veterans Affairs (VA) will jointly host a virtual Money Smart Town Hall in recognition of National Veterans and Military Families Month. This event will explore key resources and initiatives that help strengthen financial education…
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…