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FinCEN Proposes to Sever H-Pay Service PLC and Other Huione Group Successor Entities from the U.S. Financial System
June 23, 2026 / Source: FinCEN
Immediate Release June 23, 2026 Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued a proposed rule amending FinCEN’s October 2025 Huione Group Final Rule to include Cambodia-based H-Pay Service PLC and any successor entity. Huione Group served as a critical node for laundering proceeds of cyber heists and virtual currency investment scams…
GENIUS Act: Anti-Money Laundering/Countering the Financing of Terrorism and Sanctions Compliance: Notice of Proposed Rulemaking
June 22, 2026 / Source: OCC
OCC Bulletin 2026-28|June 22, 2026 Summary The Office of the Comptroller of the Currency (OCC) is issuing a notice of proposed rulemaking to implement Bank Secrecy Act (BSA) and sanctions compliance standards applicable to OCC-supervised permitted payment stablecoin issuers (PPSI), as required by the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act). Comments…
Bank Employee Sentenced to 4 Years in Prison for Embezzling Money from the Bank
June 22, 2026 / Source: FDIC OIG
June 19, 2026 PHOENIX, Ariz. – A former bank employee who embezzled $655,000 from the bank she managed over the course of seven months was sentenced by Senior U.S. District Judge Roslyn O. Silver to 48 months in prison, followed by three years of supervised release. Brooke McDonough, formerly known as Brooke Taylor, 35, of…
FinCEN Announces Recipients of Its 11th Law Enforcement Awards Program
June 22, 2026 / Source: FinCEN
Immediate Release June 22, 2026 WASHINGTON—Last week, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) recognized seven cases during its Law Enforcement Awards Program for effectively using Bank Secrecy Act (BSA) data to support criminal prosecutions and safeguard the U.S. financial system. “These awards recognize the incredible difference law enforcement officers and…
Notice of Proposed Rulemaking: Permitted Payment Stablecoin Issuer Customer Identification Program
June 18, 2026 / Source: FDIC
Laws and Regulations June 18, 2026 Summary: The FDIC, along with the Board of Governors of the Federal Reserve System (Board), the Office of the Comptroller of the Currency (OCC), the National Credit Union Administration (NCUA), and the Financial Crimes Enforcement Network (FinCEN), approved a notice of proposed rulemaking (NPR) that would implement the directives…
Agencies’ Capital Proposals Much Advanced but Warrant Further Improvements
June 18, 2026 / Source: CSBS
June 18, 2026 Washington, D.C. – In a comment letter today, the Conference of State Bank Supervisors (CSBS) recommended additional measures that the federal banking agencies should take to provide community banks with a simplified regulatory capital framework as they revise the risk-based capital rules. CSBS supports the proposals’ goal of enhancing the risk sensitivity, consistency, and transparency of…
Tips and Techniques to Keep Originators Informed on Nacha Rules Changes
June 18, 2026 / Source: Nacha
Keeping on top of Nacha Rules changes includes making sure your financial institution’s Originators stay in the loop. While that can be challenging, a June 10 session at Smarter Faster Payments Remote Connect 2026 aimed to help FIs undertake the task. William Mills, Vice President, Deposit and ACH Operations at Premier Banks, offered some basics…
Equal Credit Opportunity (Regulation B); Special Purpose Credit Programs; Rescission
June 17, 2026 / Source: Consumer Financial Protection Bureau
GENCY: Consumer Financial Protection Bureau. ACTION: Advisory opinion; rescission. SUMMARY: The Consumer Financial Protection Bureau (Bureau) is rescinding an advisory opinion issued in December 2020 regarding Regulation B, which implements the Equal Credit Opportunity Act (ECOA), as it applies to certain aspects of special purpose credit programs designed and implemented by for-profit organizations to meet…
Federal Reserve issues FOMC statement – June 17, 2026
June 17, 2026 / Source: Federal Reserve
June 17, 2026 Federal Reserve issues FOMC statement For release at 2:00 p.m. EDT The Federal Open Market Committee approved the following statement for release by a 12 – 0 vote: The Committee decided to maintain the target range for the federal funds rate at 3-1/2 to 3-3/4 percent, in support of the Federal Reserve’s…
Minority Depository Institutions: Reissuance of Policy Statement
June 16, 2026 / Source: OCC
OCC Bulletin 2026-26|June 16, 2026 Summary The Office of the Comptroller (OCC) is updating its policy statement on minority depository institutions (MDI) in the Federal Register.1 This update relates to the agency’s rescission or amending of certain regulations that are unnecessary, based on anything other than the best reading of the underlying statutory authority, or lacking clear statutory…
FDIC Webinar: Trending Scams and Fraud Prevention for Older Adults
June 16, 2026 / Source: FDIC
Event Date Tuesday, June 30, 2026, 2–3 p.m. ET Location Webinar In observance of World Elder Abuse Awareness Day, the FDIC invites you to a national event focused on protecting older adults and their families from scams and other forms of financial exploitation. This program will showcase how Money Smart for Older Adults (MSOA) helps individuals recognize…
FinCEN Issues Guidance to Help Financial Institutions Eliminate Fraud Through Information Sharing
June 14, 2026 / Source: U.S. Department of the Treasury
June 12, 2026 WASHINGTON—Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued updated guidance to clarify how financial institutions can share information with each other about suspected fraud under section 314(b) of the USA PATRIOT Act. “Americans lose hundreds of billions of dollars to fraud each year. At Treasury, we follow the money, and…
Prepare Today for Upcoming IAT Rules Changes
June 14, 2026 / Source: Nacha
International ACH Transactions, or IATs, are an important part of the ACH Network. And even if your bank or credit union doesn’t originate IATs, it’s obligated to receive them, which means you still need to know about some relevant Nacha Rules changes on the horizon. A June 9 session at Smarter Faster Payments Remote Connect…
GENIUS Act: Reporting Forms and Instructions for Permitted Payment Stablecoin Issuers Subject to the Jurisdiction of the Office of the Comptroller of the Currency
June 11, 2026 / Source: OCC
OCC Bulletin 2026-24|June 11, 2026 Summary The Office of the Comptroller of the Currency (OCC) is proposing a new information collection that would include weekly and quarterly reporting forms that must be completed by permitted payment stablecoin issuers and foreign payment stablecoin issuers registered with the OCC under the Guiding and Establishing National Innovation for U.S….
Joint Rule Establishing Data Standards under the Financial Data Transparency Act of 2022
June 10, 2026 / Source: FDIC
Laws and Regulations June 10, 2026 Summary: The Federal Deposit Insurance Corporation (FDIC) is issuing—in conjunction with the Department of the Treasury, Board of Governors of the Federal Reserve System, Office of the Comptroller of the Currency, Consumer Financial Protection Bureau, Securities and Exchange Commission, Federal Housing Finance Agency, National Credit Union Administration, and Commodity…
FDIC Stablecoin Rules Must Respect State Authority and Address Issuer Risks
June 9, 2026 / Source: CSBS
June 9, 2026Washington, D.C. – In a comment letter, the Conference of State Bank Supervisors (CSBS) today recommended changes to the Federal Deposit Insurance Corporation’s (FDIC) proposed rule to implement the GENIUS Act. The proposed changes would better reflect state authority and address issuer risks. CSBS urged the FDIC to respect states’ inherent authority over state-chartered insured…
CFPB Statement on Ability To Repay and Immigration Status
June 8, 2026 / Source: Consumer Financial Protection Bureau
The Consumer Financial Protection Bureau (Bureau or CFPB) is issuing this statement to remind creditors of their obligations under the Truth in Lending Act (TILA) as implemented by Regulation Z, and consistent with Executive Order 14406, titled “Restoring Integrity to America’s Financial System.” Lending and Immigration Status In making lending decisions, creditors are permitted to…
SEC Establishes Joint Data Standards as Required Under the Financial Data Transparency Act of 2022
June 8, 2026 / Source: SEC
For Immediate Release 2026-53 Washington D.C., June 8, 2026 — The U.S. Securities and Exchange Commission established joint data standards under the Financial Data Transparency Act of 2022. The final rule establishes technical standards for data submitted to certain financial regulatory agencies. Eight additional agencies have established or are expected to act on establishing the…
FinCEN Asks Financial Institutions to Detect and Report Illicit Activity Related to Illegal Aliens
June 7, 2026 / Source: U.S. Department of the Treasury
June 5, 2026 WASHINGTON—Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued an Advisory urging financial institutions to be vigilant against risks presented by the unlawful employment of illegal aliens. “President Trump has done more than anyone in history to secure our nation’s borders. Part of that effort includes securing our financial system,”…
New Enhancement to Nacha’s Risk Management Portal Helps FIs Keep ACH Contacts Current
June 4, 2026 / Source: Nacha
Financial Institution Portal administrators: Have you recently reviewed your ACH contacts in Nacha’s Risk Management Portal? A new enhancement is now live, giving financial institutions an easy and reliable way to verify that their ACH Contact Registry information is accurate and up to date. FI Administrators that navigate to the ACH Contact Registry landing page…
Comptroller Gould Testifies on Agency Activities
June 4, 2026 / Source: OCC
News Release 2026-46|June 4, 2026 WASHINGTON—Comptroller Jonathan V. Gould today testified on the Office of the Comptroller of the Currency’s (OCC) priorities and activities before the U.S. House of Representatives Committee on Financial Services. Excerpts from Comptroller Gould’s testimony are below. The full written testimony can be found here. On risk tolerance: “After the 2008 financial crisis,…
Treasury’s Substantially Similar Principles for State Stablecoin Regimes Needs Recalibration
June 3, 2026 / Source: CSBS
June 2, 2026 Washington, D.C. – In a comment letter today, the Conference of State Bank Supervisors (CSBS) urged the U.S. Treasury Department to amend its proposed principles for determining if state stablecoin regimes are substantially similar to the federal framework. The CSBS-proposed changes would more effectively implement congressional intent to provide states discretion and flexibility to help…
Unsafe and Unsound Banking Practices: Brokered Deposits and Interest Rate Restrictions; Correction
June 3, 2026 / Source: Federal Deposit Insurance Corporation
I. Background This Federal Register Notice corrects technical errors in the FDIC’s regulations concerning brokered deposits, 12 CFR parts 303 and 337, which were amended by a final rule published in the Federal Register on January 22, 2021 (2021 rule). The 2021 rule inadvertently deleted the text accompanying two footnotes (which, additionally, were previously misnumbered)…
The New Nacha Rules: New Fraud Compliance Responsibilities for All Organizations Sending ACH Payments
June 3, 2026 / Source: Nacha
Implementation Dates: In September 2022, Nacha released a Risk Management Framework to address fraud across the ACH Network. Building on that work, Nacha, in collaboration with industry participants, introduced new rules in March 2024, aimed at reducing fraud, and assigning updated responsibilities to financial institutions, third parties, and organizations that send ACH payments over the ACH Network….
FDIC’s Office of Ombudsman Publishes 2025 Annual Report
June 3, 2026 / Source: FDIC
June 2, 2026 Summary: The Federal Deposit Insurance Corporation’s (FDIC) Office of the Ombudsman (Ombudsman) today published a report detailing its role and services available to the banking industry. The FDIC Ombudsman facilitates the resolution of problems and complaints concerning FDIC activities and strives to influence positive change. The Ombudsman’s 2025 Annual Report can be found on…