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FinCEN Announces Data-Driven Border Operation to Address Potential Money Laundering
December 22, 2025 / Source: US Department of the Treasury
December 22, 2025 Operation Enabled by Secretary Bessent’s Push for Technology Modernization WASHINGTON— Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) announced a multi-tiered operation targeting more than 100 U.S. money services businesses (MSBs) operating along the southwest border. These MSBs—which provide financial services outside of a formal bank—are being examined for…
States Sanction Mortgage Loan Originator for SAFE Act Violation
December 22, 2025 / Source: Conference of State Bank Supervisors
Dec 22, 2025 Download PDF Washington, D.C. – A mortgage loan originator has received serious sanctions and fines after settling with 21 state financial regulatory agencies that accused him of directing another person to take required education on his behalf and taking the credit for himself. Under the settlement, Patrick Terrance Donlon (NMLS ID 785311), who…
Department of Justice Files Statement of Interest Supporting Competition Among Real Estate Brokerages
December 21, 2025 / Source: US Department of Justice
Today, the Antitrust Division of the Department of Justice filed a statement of interest in the U.S. District Court for the Eastern District of Pennsylvania in the case of Davis et al. v. Hanna Holdings Inc. The lawsuit, brought by homebuyers, alleges that real-estate brokerages and their trade association, the National Association of Realtors, entered into anticompetitive agreements that…
Treasury Convenes Financial Institutions and Law Enforcement to Identify and Dismantle Money Laundering Networks
December 21, 2025 / Source: Financial Crimes Enforcement Network
Immediate Release December 19, 2025 WASHINGTON—The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) held a FinCEN Exchange, a public-private partnership event aimed at countering illicit finance. The event—which convened global financial institutions, federal law enforcement agencies, and Treasury officials—focused on denying individual Chinese money launders access to the U.S. and global financial systems….
Federal Reserve Board publishes its biennial report on debit card transactions, which summarizes information collected from large debit card issuers and payment card networks
December 21, 2025 / Source: Board of Governors of the Federal Reserve System
The Board on Friday published its biennial report on debit card transactions, which summarizes information collected from large debit card issuers and payment card networks. The report, required by law, provides data on interchange fees, issuer costs, and fraud losses related to debit card transactions performed in 2023. Interchange fees are paid by merchants to…
Notice of Proposed Rulemaking: Approval Requirements for Issuance of Payment Stablecoins by Subsidiaries of FDIC-Supervised Insured Depository Institutions
December 21, 2025 / Source: Federal Deposit Insurance Corporation
The Federal Deposit Insurance Corporation (FDIC) is soliciting comments on a proposal that would establish procedures to be followed by an insured State nonmember bank or State savings association (each, an FDIC-supervised institution) that seeks to obtain FDIC approval to issue payment stablecoins through a subsidiary pursuant to the Guiding and Establishing National Innovation for…
Treasury Targets Family Members and Associates of Maduro Regime
December 21, 2025 / Source: US Department of the Treasury
December 19, 2025 WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned several family members and associates of the Maduro-Flores family. This action further targets the narco-corruption structure that sustains Nicolás Maduro’s illegitimate regime, namely the familial networks of Carlos Erik Malpica Flores (Malpica Flores) and Ramon Carretero Napolitano…
OCC Issuances: Rescissions
December 18, 2025 / Source: Office of the Comptroller of the Currency
Summary The Office of the Comptroller of the Currency (OCC) has performed a review of its issuances to identify issuances for rescission. This bulletin rescinds 55 outdated or replaced OCC issuances published between 1983 and 2023 and 21 transmittal (or cover) bulletins issued between 2003 and 2023. Note for Community Banks While this bulletin is…
OCC and FDIC Statement Regarding the Status of Certain Investment Funds and Their Portfolio Investments for Purposes of Insider Lending Restrictions and Related Reporting Requirements
December 18, 2025 / Source: Federal Deposit Insurance Corporation
Summary: The Office of the Comptroller of the Currency (“OCC”) and the Federal Deposit Insurance Corporation (“FDIC” and, together with the OCC, the “agencies”) are issuing the attached statement to clarify supervisory expectations for OCC-supervised institutions’ and FDIC-supervised institutions’ compliance with insider lending restrictions and related reporting requirements with respect to certain types of related…
Treasury Increases Pressure on Iran’s Sanctions-Evading Shadow Fleet
December 18, 2025 / Source: US Department of the Treasury
December 18, 2025 WASHINGTON—Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is placing further pressure on the Iranian shadow fleet, which exports Iranian petroleum and petroleum products through deceptive shipping practices. OFAC is targeting 29 shadow fleet vessels and their respective management firms that have transported hundreds of millions of…
OCC Issues CRA Simplified Strategic Plan to Reduce Regulatory Burden for Community Banks
December 17, 2025 / Source: Office of the Comptroller of the Currency
WASHINGTON—The Office of the Comptroller of the Currency (OCC) today issued proposed guidance for a simplified strategic plan process for community banks to comply with the Community Reinvestment Act (CRA). The OCC’s action builds on a series of reforms the OCC announced in October and November to reduce burden and tailor examination activities for community banks. “Community banks are…
Secretary Bessent Orders Sanctions Against Violent Mexican Cartel
December 17, 2025 / Source: US Department of the Treasury
December 17, 2025 WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned the Cartel de Santa Rosa de Lima (CSRL), which derives the vast majority of its illicit revenue from fuel and oil theft in the Mexican state of Guanajuato. The violent conflict between CSRL and the notorious Mexican terrorist Cartel…
OCC’s Semiannual Risk Perspective Highlights Key Risks in Federal Banking System
December 16, 2025 / Source: Office of the Comptroller of the Currency
WASHINGTON—The Office of the Comptroller of the Currency (OCC) today reported the key issues facing the federal banking system in the Semiannual Risk Perspective for Fall 2025. The OCC reported that the strength of the federal banking system remains sound. Balance sheets remain satisfactory with high capital and liquidity ratios that are well-positioned to absorb potential stress….
FDIC Approves Proposal to Establish GENIUS Act Application Procedures for FDIC-Supervised Institutions Seeking to Issue Payment Stablecoins
December 16, 2025 / Source: Federal Deposit Insurance Corporation
WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) Board of Directors today approved a notice of proposed rulemaking that would implement the application provisions under the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act). The GENIUS Act allows insured depository institutions to issue payment stablecoins through a subsidiary and to engage in certain related…
FDIC Board of Directors Approves Final Rule on Establishment and Relocation of Branches and Offices
December 16, 2025 / Source: Federal Deposit Insurance Corporation
WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) Board of Directors today approved a final rule to streamline the processes for the establishment and relocation of domestic branches and main offices. The final rule is intended to improve the speed and certainty of, and reduce the regulatory burden associated with, branch and main office filings….
Notice and Request for Comment: Regulation Q; Regulatory Capital Rule: Agency Information Collection Activities: Information Collection Renewal; Comment Request; Reg E-Prepaid Accounts
December 16, 2025 / Source: Office of the Comptroller of the Currency
The OCC, as part of its continuing effort to reduce paperwork and respondent burden, invites comment on a continuing information collection, as required by the Paperwork Reduction Act of 1995 (PRA). In accordance with the requirements of the PRA, the OCC may not conduct or sponsor, and the respondent is not required to respond to,…
Final Rules and Official Interpretations: Appraisals for Higher-Priced Mortgage Loans Exemption Threshold
December 16, 2025 / Source: Consumer Financial Protection Bureau
The OCC, the Board, and the Bureau are finalizing amendments to the official interpretations for their regulations that implement section 129H of the Truth in Lending Act (TILA). Section 129H of TILA establishes special appraisal requirements for “higher-risk mortgages,” termed “higher-priced mortgage loans” or “HPMLs” in the agencies’ regulations. A December 2013 rulemaking exempted transactions…
OCC Reports Mortgage Performance for Third Quarter of 2025
December 15, 2025 / Source: Office of the Comptroller of the Currency
WASHINGTON—The Office of the Comptroller of the Currency (OCC) reported on the performance of first-lien mortgages in the federal banking system during the third quarter of 2025. The OCC Mortgage Metrics Report, Third Quarter 2025 showed that 97.4 percent of mortgages included in the report were current and performing at the end of the quarter, remaining unchanged…
Final Rules and Official Interpretations: Consumer Leasing (Regulation M)
December 15, 2025 / Source: Consumer Financial Protection Bureau
The Board and the Bureau (collectively, Agencies) are finalizing amendments to the official interpretations for the Agencies’ regulations that implement the Consumer Leasing Act (CLA). The Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) amended the CLA by requiring that the dollar threshold for exempt consumer leases be adjusted annually by the annual…
Final Rule; Official Interpretation: Fair Credit Reporting Act Disclosures
December 15, 2025 / Source: Consumer Financial Protection Bureau
The Consumer Financial Protection Bureau (Bureau) is issuing this final rule amending an appendix for Regulation V, which implements the Fair Credit Reporting Act (FCRA). The Bureau is required to calculate annually the dollar amount of the maximum allowable charge for disclosures by a consumer reporting agency to a consumer pursuant to section 609 of…
Joint Statement on the EU-U.S. Joint Financial Regulatory Forum
December 15, 2025 / Source: US Department of the Treasury
December 15, 2025 WASHINGTON – The EU-U.S. Joint Financial Regulatory Forum took place on 9-10 December 2025, with participants exchanging views on topics of mutual interest as part of their regular financial regulatory dialogue. The Forum was co-chaired by the U.S. Department of the Treasury and the European Commission, and was hosted by the Treasury in…
Treasury’s Office of Cybersecurity and Critical Infrastructure Protection Issues Annual Consumer Advisory on Holiday Scams
December 15, 2025 / Source: US Department of the Treasury
December 15, 2025 WASHINGTON – Today, the U.S. Department of the Treasury’s Office of Cybersecurity and Critical Infrastructure Protection (OCCIP) released its annual holiday advisory to help consumers protect themselves from the surge in cyber-enabled scams and online fraud. As digital transactions and online shopping continue to grow, so do the risks. Fraud losses have reached…
Agencies Announce Dollar Thresholds for Applicability of Truth in Lending and Consumer Leasing Rules for Consumer Credit and Lease Transactions
December 15, 2025 / Source: Consumer Financial Protection Bureau
The Federal Reserve Board and the Consumer Financial Protection Bureau today announced the dollar thresholds used to determine whether certain consumer credit and lease transactions in 2026 are subject to certain protections under Regulation Z (Truth in Lending) and Regulation M (Consumer Leasing). By law, the agencies are required to adjust the thresholds annually based…
Agencies Announce Dollar Thresholds for Smaller Loan Exemption from Appraisal Requirements for Higher-priced Mortgage Loans
December 15, 2025 / Source: Consumer Financial Protection Bureau
The Consumer Financial Protection Bureau, the Federal Reserve Board, and the Office of the Comptroller of the Currency today announced that the 2026 threshold for higher-priced mortgage loans that are subject to special appraisal requirements will increase from $33,500 to $34,200. The threshold amount will be effective January 1, 2026, and is based on the…
Fact Sheet: President Donald J. Trump Ensures a National Policy Framework for Artificial Intelligence
December 14, 2025 / Source: The White House
The White House December 11, 2025 PREVENTING A PATCHWORK OF AI REGULATIONS: Today, President Donald J. Trump signed an Executive Order to protect American AI innovation from an inconsistent and costly compliance regime resulting from varying State laws. STRENGTHENING AMERICAN COMPETITVENESS: President Trump is acting decisively to ensure our great technological pioneers can compete on the world…