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SEC Proposes New Regulation Crypto Assets
August 18, 2026 / Source: SEC
For Immediate Release 2026-76 Washington D.C., Aug. 18, 2026 — The Securities and Exchange Commission today announced that it proposed new rules, titled “Regulation Crypto Assets,” that would create a clear and fit-for-purpose framework for certain investment contracts involving crypto assets. This proposal follows the Commission’s March 2026 interpretation clarifying how the federal securities laws…
Bridging the Gap: Navigating Regulation E Compliance and the Nacha Rules
August 18, 2026 / Source: Nacha
Financial institutions operating in the ACH Network must navigate a dual compliance framework that is often misunderstood: Regulation E and the Nacha Operating Rules. While related and aligned, these frameworks serve distinct purposes. Compliance success requires understanding how they work together. Regulation E is the cornerstone of consumer protection for electronic fund transfers. It governs…
Treasury Seeks Public Comment on GENIUS Act Proposed Rulemaking
August 17, 2026 / Source: U.S. Department of the Treasury
August 17, 2026WASHINGTON, D.C. — Today, the U.S. Department of the Treasury issued a Notice of Proposed Rulemaking (NPRM), seeking public comment related to Treasury’s implementation of section 3 of the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act. “President Trump and Congress delivered the GENIUS Act, establishing a landmark framework and clear rules…
The CFPB to Cease Discretionary Publication of Complaint Narratives and Visualizations
August 17, 2026 / Source: CFPB
AUG 14, 2026Washington, D.C. – Today, the CFPB is ceasing publication of unverified complaint narratives and visualizations. As the CFPB has long acknowledged, the publication in the Consumer Complaint Database of unverified complaint narratives and associated data visualizations is entirely discretionary. Many years of experience have demonstrated that the utility of such publication is minimal, while…
Fact Sheet: President Donald J. Trump Expands Capabilities to Combat Transnational Cyber-Enabled Crime
August 17, 2026 / Source: The White House
The White House August 12, 2026 THWARTING CYBER CRIMES: Today, President Donald J. Trump signed a National Security Presidential Memorandum (NSPM) empowering U.S. Federal law enforcement to use cyber tools to disrupt transnational criminal organizations (TCOs) that operate in foreign jurisdictions to attack Americans. DISRUPTING CRIMINALS TARGETING AMERICANS: President Trump is unleashing every available tool to stop…
OCC: Accounting – Bank Accounting Advisory Series Updated
August 15, 2026 / Source: Office of the Comptroller of the Currency
Summary The Office of the Comptroller of the Currency (OCC) today released the 2026 edition of the Bank Accounting Advisory Series (BAAS). The BAAS contains staff responses to frequently asked questions from the banking industry and bank examiners on a variety of accounting topics and promotes consistent application of accounting standards and regulatory reporting among banks.1 The…
Amazon Agrees to $2.25 Million Settlement and Injunction to Resolve Alleged Violations of the Fair Credit Reporting Act
August 15, 2026 / Source: US Department of Justice
The Justice Department announced today that a federal court has entered a stipulated order against Amazon.com Inc., in a case investigated and referred to the Department by the Federal Trade Commission (FTC). The order resolves allegations that Amazon violated the Fair Credit Reporting Act (FCRA), and it requires Amazon to pay a $2.25 million civil…
Ohio Man Pleads Guilty to Laundering Health Care Fraud Proceeds for Transnational Criminal Organization
August 15, 2026 / Source: US Department of Justice
An Ohio man pleaded guilty yesterday to laundering approximately $3.4 million in illicit health care fraud proceeds through multiple regional banks on behalf of a transnational criminal organization (Organization). According to court documents, Eldar Zarbavel, 45, of Pepper Pike, Ohio, was a money launderer for the foreign-based Organization that spearheaded the largest health care fraud…
FinCEN: Beneficial Ownership Information Reporting Requirement Revision
August 15, 2026 / Source: Financial Crimes Enforcement Network (FinCEN), Treasury
FinCEN is issuing this final rule to adopt as final and with certain limited changes the interim final rule issued on March 26, 2025, which narrowed beneficial ownership information (BOI) reporting requirements under FinCEN’s regulations implementing the Corporate Transparency Act (CTA). In particular, this final rule not only continues to exempt reporting companies from having…
Regulatory Agenda: The Consumer Financial Protection Bureau (Bureau or CFPB) is Publishing This Agenda as Part of the 2026 Unified Agenda of Federal Regulatory and Deregulatory Actions.
August 15, 2026 / Source: Federal Register: Consumer Financial Protection Bureau
The Bureau is publishing its Agenda as part of the 2026 Unified Agenda of Federal Regulatory and Deregulatory Actions, which is coordinated by the Office of Management and Budget (OMB) under Executive Order 12866. The agenda lists the regulatory matters that the CFPB reasonably anticipates, as of January 13, 2026, that it will have under…
Member of Maryland National Guard Pleads Guilty to Conspiracy to Commit Money Laundering
August 15, 2026 / Source: Office of Inspector General Federal Deposit Insurance Corporation
Greenbelt, Maryland – A member of the Maryland National Guard acknowledged his involvement in a money laundering scheme in federal court. This conspiracy laundered funds from at least 33 different victims. Alagborenepakake Opuiyo, 32, pled guilty to a superseding information charging him with one count of conspiracy to commit money laundering. Kelly O. Hayes, U.S. Attorney for…
FinCEN Analysis: Financial Institutions Flagged Nearly $5 Billion Linked to Suspected Human Smuggling
August 13, 2026 / Source: Financial Crimes Enforcement Network
Immediate Release August 13, 2026 WASHINGTON—Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued a Financial Trend Analysis showing that financial institutions flagged nearly $5 billion linked to suspected human smuggling over a three-year period. The report, which analyzed patterns and trends identified in Bank Secrecy Act (BSA) data between 2023 and 2025,…
READOUT: FinCEN Convenes Public-Private Engagement to Combat Cartels
August 13, 2026 / Source: Financial Crimes Enforcement Network
August 13, 2026 SAN FRANCISCO—On August 10, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) convened law enforcement and financial institutions for an information-sharing engagement to combat cartels. The event was led by Gene Lange, who is performing the duties of the Under Secretary for Terrorism and Financial Intelligence, and Jimmy Kirby, FinCEN’s Deputy…
Assistant Attorney General Colin M. McDonald Issues Memorandum on the National Fraud Enforcement Division’s Enforcement Priorities
August 13, 2026 / Source: US Department of Justice
Assistant Attorney General Colin M. McDonald of the Justice Department’s National Fraud Enforcement Division (the Fraud Division) today released a memorandum regarding the Division’s enforcement priorities. Read the full memo. The Fraud Division has a clear mission: to prosecute fraud in the United States, no matter its size or complexity. This mission is critical to restoring…
Community Reinvestment Act Regulations
August 12, 2026 / Source: Department of the Treasury Office of the Comptroller of the Currency
AGENCY: The Office of the Comptroller of the Currency, Treasury, and the Federal Deposit Insurance Corporation. ACTION: Notice of proposed rulemaking. SUMMARY: The Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) are proposing to amend their Community Reinvestment Act rules by making certain substantive, technical, and process-oriented changes…
Treasury, IRS issue guidance on rollovers between retirement plans and individual retirement accounts
August 12, 2026 / Source: IRS
IR-2026-91, Aug. 12, 2026 WASHINGTON — The Department of the Treasury and the Internal Revenue Service today provided guidance to simplify and standardize the rollover process by issuing sample forms for direct rollovers to or from a retirement plan, as required under the SECURE 2.0 Act section 324. Notice 2026-49 PDF provides sample forms and proposed rollover…
Technology Optimization: The Missing Link Between ACH Compliance and Scalable Growth
August 12, 2026 / Source: Nacha
For many ACH Network participants, including financial institutions, fintechs, Third-Party Senders and receiving companies, ACH operations were built on processes and technologies that were designed years or even decades ago. Although those systems may have served the organization well, today’s reality is different, and just as the ACH Network evolves so too should ACH operations….
State Financial Regulators Reach $15.5 Million Settlement with Mortgage Servicer: Company Wrongly Charged Customers Force-Placed Insurance
August 12, 2026 / Source: CSBS
Washington, D.C. – Forty-eight state financial agencies in 47 states have reached a $15.5 million settlement with one of the nation’s largest mortgage servicers for improperly imposing “force-placed” insurance costs on borrowers who already had active homeowners insurance policies. Under the terms of the settlement, Fort Washington, Penn., based NewRez LLC (NMLS ID 3013), will pay a total…
FinCEN Permanently Ends Beneficial Ownership Reporting Requirements for Millions of Small Business Owners Under the Corporate Transparency Act
August 11, 2026 / Source: U.S. Department of the Treasury
August 11, 2026 WASHINGTON––Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) is issuing a final rule that permanently removes the requirement for U.S. companies and U.S. persons to report beneficial ownership information to FinCEN under the Corporate Transparency Act. The final rule is effective on its publication in the Federal Register. FinCEN today also announced…
OCC Commends FDIC Reform, Advances Priority to Reinvigorate De Novo Chartering
August 11, 2026 / Source: OCC
News Release 2026-67|August 11, 2026 WASHINGTON—The Office of the Comptroller of the Currency continues to prioritize reinvigorating de novo chartering to build a robust, diverse banking system that supports the U.S. economy and commends the Federal Deposit Insurance Corporation for its recent efforts to do the same. “De novo chartering is a sign of a healthy…
Treasury Announces Employer Contributions to Trump Accounts, Drawing Corporate Support
August 11, 2026 / Source: U.S. Department of the Treasury
August 11, 2026 WASHINGTON, D.C. — The U.S. Department of the Treasury today announced guidance addressing employer-sponsored programs for contributions to Trump Accounts, including arrangements that allow employees to make pre-tax contributions to the Trump Accounts of their dependents. The guidance also accommodates employers that have committed to, and those that are interested in, contributing directly…
Revised Procedures for Processing Federal Deposit Insurance Applications
August 10, 2026 / Source: FDIC
Summary: The Federal Deposit Insurance Corporation (FDIC) recognizes the importance of processing federal deposit insurance (FDI) applications on a timely basis to help promote the vitality of the banking industry and meet the credit, deposit, and other financial services needs of communities across the United States. Accordingly, the FDIC is reforming its procedures for processing FDI…
FDIC Announces New Review Process for Deposit Insurance Applications
August 10, 2026 / Source: FDIC
WASHINGTON—The Federal Deposit Insurance Corporation (FDIC) today announced a new two-phase process the agency will use to review new deposit insurance applications. The new procedures are intended to encourage new bank formation, accelerate the speed of the review process, and improve the efficiency of the application process. “Improving the de novo process and encouraging more new bank…
A Second Chance: Understanding ACH Reversals
August 10, 2026 / Source: Nacha
An ACH reversal is an ACH entry that allows an Originator to correct certain payment errors, and can be sent using Same Day or standard ACH. Reversals must comply with specific Nacha Rules and time frames and may only be used to correct genuine sender errors. Understanding when reversals are permitted, acting quickly, and maintaining…
FTC Ditches ‘Disparate Impact’
August 7, 2026 / Source: FTC
August 7, 2026 The Federal Trade Commission today announced a policy statement clarifying that the Commission will not pursue claims based on disparate-impact or “unfair discrimination” theories. “Disparate-impact claims are nearly impossible to square with our colorblind Constitution,” said Chairman Andrew N. Ferguson. “They impose liability for discrimination without any evidence that anyone intended to discriminate, which…