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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…
FinCEN Renews Minnesota Geographic Targeting Order
August 7, 2026 / Source: FinCEN
Immediate Release August 07, 2026 WASHINGTON — Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) renewed its Geographic Targeting Order (GTO) designed to combat fraud in Minnesota and protect U.S. taxpayers. Extensive schemes have fraudulently diverted state and Federal dollars meant for people who lack housing, are food insecure, have disabilities, or are…
Remarks from Secretary of the Treasury Scott Bessent at Event with Arizona Bankers in Phoenix
August 6, 2026 / Source: US Department of the Treasury
August 6, 2026 As prepared for delivery. Good afternoon. Thank you all for joining us today. The spy novelist John le Carré famously wrote that a desk is a dangerous place from which to watch the world. So, I try to get out from behind mine as often as I can. And whenever I travel,…
Florida Man Pleads Guilty to $14M Fraudulent Check Scheme
August 6, 2026 / Source: Office of the Inspector General
August 6, 2026 A Florida man pleaded guilty today to wire fraud for using fraudulent, unauthorized checks to steal money from victims’ bank accounts. According to court documents, Eri Guzman Ortiz, 69, formerly of Miami-Dade County, created and deposited about $14 million in fraudulent checks into the bank accounts of sham companies in the United…
FDIC Issues List of Banks Examined for CRA Compliance
August 5, 2026 / Source: FDIC
August 5, 2026 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 May 2026. The CRA is a 1977 law that requires the FDIC to assess a…
FDIC Launches New Office of Supervisory Appeals
August 4, 2026 / Source: FDIC
August 4, 2026 WASHINGTON—The Federal Deposit Insurance Corporation (FDIC) today announced the launch of a new Office of Supervisory Appeals (OSA) panel comprised of independent officials who will consider and resolve appeals of material supervisory determinations brought before the agency. The OSA is a standalone office within the FDIC and replaces the Supervision Appeals Review Committee as…
FinCEN Assesses Historic $125 Million Penalty Against UBS Financial Services Inc. for Recidivist BSA Violations
August 3, 2026 / Source: FinCEN
Immediate Release August 03, 2026 WASHINGTON—Today, the Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) assessed a $125,000,000 civil money penalty against UBS Financial Services Inc. (UBSFS) for willful violations of the Bank Secrecy Act (BSA), the primary U.S. anti-money laundering and countering the financing of terrorism law that safeguards the financial system from illicit use….
OCC Requests Comment on Proposed Rulemaking on the OCC Rules Regarding the Availability of OCC Information
August 3, 2026 / Source: OCC
News Release 2026-65|August 3, 2026 WASHINGTON—The Office of the Comptroller of the Currency (OCC) today requested comment on a proposal to implement structural and substantive changes to its rules governing the disclosure of OCC information. The proposed changes are designed to improve the balance between protecting OCC confidential information from public disclosure, which is necessary for…
Bank Supervision: OCC Rules Regarding the Availability of OCC Information
August 3, 2026 / Source: OCC
OCC Bulletin 2026-37|August 3, 2026 Summary The Office of the Comptroller of the Currency (OCC) is issuing a notice of proposed rulemaking to implement structural and substantive changes to its rules governing the disclosure of OCC information. The proposed changes are designed to improve the balance between protecting OCC confidential information from public disclosure, which is…
How Some RDFIs Review Customer Written Statements of Unauthorized Debits for First-Party Fraud
August 3, 2026 / Source: Nacha
Many financial institutions and ACH Originators have told Nacha that first-party fraud is of increasing concern. Nacha workgroups have been deliberating on a defined role for RDFIs in identifying instances of first-party fraud, just as previous deliberations identified a role for RDFIs in transaction monitoring for credit-push fraud that was ultimately approved as a Nacha Rule. The workgroups have also…
Agencies Issue Joint Proposal Amending the Community Reinvestment Act Rules
July 31, 2026 / Source: Federal Deposit Insurance Corporation
WASHINGTON— The Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation (the agencies) today proposed targeted changes to their current rules implementing the Community Reinvestment Act (CRA) to better align with the statutory mandate; better ensure that community development grants reach the communities they are intended to benefit; reduce burden for…
FDIC Board Approves Proposal to Amend Regulations Regarding Lending Limits for Bank Insiders
July 31, 2026 / Source: Federal Deposit Insurance Corporation
WASHINGTON—The Federal Deposit Insurance Corporation (FDIC) Board of Directors today approved a notice of proposed rulemaking that would raise and index thresholds for certain lending limits for executive officers and other insiders of FDIC-supervised institutions. The proposed rule seeks to ensure that the FDIC’s lending thresholds to insiders align with those proposed by the Board of…
Federal Reserve Board Requests Comment on a Proposal to Modernize Rules for Mutual Banking Organizations
July 31, 2026 / Source: Board of Governors of the Federal Reserve System
The Federal Reserve Board on Friday requested comment on a proposal to modernize rules for mutual banking organizations. These institutions are owned by depositors rather than shareholders, and more than 90 percent have less than $3 billion in total assets. The Board assumed regulatory and supervisory authority over mutual banks from the Office of Thrift…
Federal Reserve Board Request for Comment: Proposal to Modernize Its Rule Governing the Extension of Credit to Bank “Insiders”
July 31, 2026 / Source: Board of Governors of the Federal Reserve System
The Federal Reserve Board on Friday requested comment on a proposal to modernize its rule governing the extension of credit to bank “insiders”—bank executives, board members and major shareholders who could potentially influence a bank’s lending decisions. The proposal updates outdated thresholds while maintaining safeguards against preferential treatment. Regulation O has not been comprehensively updated…
G7 2026 CROSS BORDER COORDINATION EXERCISE (CBCE)
July 31, 2026 / Source: US Department of the Treasury
July 31, 2026 The G7 Cyber Expert Group (CEG) successfully concluded its 2026 Cross-border-coordination exercise (CBCE) on May 18, 2026. This exercise demonstrates the Group’s ongoing commitment to strengthening cyber resilience across the G7 financial sector. A long-term exercise strategy has now been adopted to increase the frequency and consistency of these simulations, thereby enhancing…
Auto Dealership to Pay $137,000 for Mishandling Servicemembers’ Vehicle Leases
July 30, 2026 / Source: US Department of Justice
The Justice Department today announced that Holmes Motors Inc., a “lease here, pay here” dealership with locations in Mississippi, Alabama, and Georgia, has agreed to pay over $137,000 to resolve allegations that it violated the Servicemembers Civil Relief Act (SCRA) by illegally repossessing vehicles owned by servicemembers and failing to refund security deposits and prepaid lease amounts…
OCC Continues Community Bank Comeback with Revised CBLR Framework
July 30, 2026 / Source: Office of the Comptroller of the Currency
WASHINGTON—The Office of the Comptroller of the Currency today issued a revised compliance guide for the community bank leverage ratio (CBLR) framework as part of its ongoing work to provide regulatory relief for community banks. “Community banks are the backbone of the American economy, serving as the conduit to capital for small businesses and hardworking…