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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…
Statement from Federal Reserve Chair Jerome H. Powell
January 12, 2026 / Source: Board of Governors of the Federal Reserve System
Good evening. On Friday, the Department of Justice served the Federal Reserve with grand jury subpoenas, threatening a criminal indictment related to my testimony before the Senate Banking Committee last June. That testimony concerned in part a multi-year project to renovate historic Federal Reserve office buildings. I have deep respect for the rule of law…
G7 Cyber Expert Group Releases Roadmap for Coordinating the Transition to Post-Quantum Cryptography in the Financial Sector
January 12, 2026 / Source: US Department of the Treasury
The G7 Cyber Expert Group (CEG) – chaired by the U.S. Department of the Treasury and the Bank of England – released a public statement today advising financial entities, authorities and suppliers of key considerations and potential activities for transitioning to quantum-resilient technology in a coordinated and timely way. Quantum computers have the potential to revolutionize the…
Consumer Financial Protection Bureau and the Department of Justice Withdraw Joint Statement on Fair Lending and Credit Opportunities for Noncitizen Borrowers
January 12, 2026 / Source: Consumer Financial Protection Bureau
Washington, D.C. – The Consumer Financial Protection Bureau and the Department of Justice (together, the “agencies”) announced today that they have withdrawn a joint statement regarding the implications of a creditor’s consideration of an individual’s immigration status under the Equal Credit Opportunity Act (ECOA). On October 12, 2023, the agencies published a joint statement cautioning that…
Consolidated Reports of Condition and Income for Fourth Quarter 2025
January 11, 2026 / Source: Federal Deposit Insurance Corporation
This Financial Institution Letter and the attached Supplemental Instructions for the December 31, 2025, report date should be shared with the individual(s) responsible for preparing the Call Report at your institution. There are no new data items that take effect this quarter in the FFIEC 031, FFIEC 041 or FFIEC 051 Call Report forms. The instructions have…
2025 Private Education Loan Ombudsman Report
January 11, 2026 / Source: Consumer Financial Protection Bureau
The 2025 Private Education Loan Ombudsman Annual report analyzes complaints from the prior award year (July 1, 2024 through June 30, 2025) and notes an increase in untimely responses to complaints, as well as an increase in complaints referencing fraud or scams. The report’s recommendations include coordinating inter-agency efforts to target frauds and scammers, inter-agency…
National Bank Chartering: Notice of Proposed Rulemaking
January 8, 2026 / Source: Office of the Comptroller of the Currency
The Office of the Comptroller of the Currency (OCC) is issuing a notice of proposed rulemaking to clarify the longstanding authority of national banks limited to the operations of trust companies and activities related thereto to engage in non-fiduciary activities in addition to their fiduciary activities. The proposal would neither expand nor contract the OCC’s…
FTC to Host Workshop on Consumer Injuries and Benefits in the Data-Driven Economy
January 8, 2026 / Source: Federal Trade Commission
The Federal Trade Commission will host a workshop on February 26, 2026, to examine how the agency can better understand and measure consumer injuries and benefits that may result from the collection, use, or disclosure of consumer data. The workshop, “Measuring Injuries and Benefits in the Data-Driven Economy,” will also explore efforts to measure consumers’…
Agency Information Collection Activities: Proposed New Information Collection; Survey of the Costs of AML/CFT Compliance; Comment Request
January 8, 2026 / Source: Federal Deposit Insurance Corporation
The Federal Deposit Insurance Corporation (FDIC), as part of its obligations under the Paperwork Reduction Act of 1995 (PRA), invites the general public and other Federal agencies to take this opportunity to comment on a proposed information collection, a Survey of the Costs of Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) Compliance….
Consumer Credit Card Market Report of the Consumer Financial Protection Bureau, 2025
January 7, 2026 / Source: Consumer Financial Protection Bureau
The Consumer Financial Protection Bureau is issuing its seventh biennial Consumer Credit Card Market Report to Congress. The report includes analysis of data from several sources to examine many aspects of the consumer credit card market since the Bureau’s most recent biennial report on the same subject in 2023.
CFPB Adjusts Regulation Z (Truth in Lending) Asset-Size Exemption Threshold
January 7, 2026 / Source: Consumer Financial Protection Bureau
This rule amends Regulation Z (Truth in Lending) to implement certain amendments to the Truth in Lending Act made by the Dodd-Frank Act. This rule amends the official commentary that interprets the requirements of the Bureau’s Regulation Z (Truth in Lending) to reflect changes in the asset-size thresholds for certain creditors to qualify for an…
CFPB Issues Final Rule Amending Regulation C (Home Mortgage Disclosure)
January 7, 2026 / Source: Consumer Financial Protection Bureau
The Consumer Financial Protection Bureau (Bureau) is issuing a final rule amending the official commentary that interprets the requirements of the Bureau’s Regulation C (Home Mortgage Disclosure) to reflect the asset-size exemption threshold for banks, savings associations, and credit unions based on the annual percentage change in the average of the Consumer Price Index for…