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Agency Information Collection Activities; Proposed Renewal; Comment Request: Renewal Without Change of Information Collection Requirements in Connection With the Imposition of Special Measures
December 10, 2025 / Source: Financial Crimes Enforcement Network
SUMMARY: As part of a continuing effort to reduce paperwork and respondent burden, FinCEN invites comments on a renewal, without change, to information collection requirements found in Bank Secrecy Act (BSA) regulations imposing the same special measures with respect to several different entities of primary money laundering concern. This request for comments is being made…
Mortgage Applications Up, Spreads Down!
December 10, 2025 / Source: Federal Housing Finance Agency
Trump administration is leading the housing market back into prosperity for immediate release 12/10/2025 Washington, D.C. – President Trump is delivering for the American people: mortgage applications have risen to a three-year high as families return to the housing market, and spreads between mortgages and Treasuries continue to compress, improving mortgage rates and demonstrating the faith that the market…
Summary of Section 1071 Proposed Rule 2025 – Small Business Lending Under the Equal Credit Opportunity Act (Regulation B)
December 10, 2025 / Source: Compliance Alliance
Updated 12/10/2025This tool summarizes the CFPB’s 2025 Proposed Rule which proposes to revise certain provisions of Regulation B, subpart B, implementing changes to the Equal Credit Opportunity Act made by section 1071 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The summary discusses the key aspects of the new Proposed Rule, which include:
Federal Open Market Committee Press Conference
December 10, 2025 / Source: Board of Governors of the Federal Reserve System
Available indicators suggest that economic activity has been expanding at a moderate pace. Job gains have slowed this year, and the unemployment rate has edged up through September. More recent indicators are consistent with these developments. Inflation has moved up since earlier in the year and remains somewhat elevated. The Committee seeks to achieve maximum…
Request for Comment: Reg. C – HMDA; Reg. DD – TISA; Reg. G – SAFE Act
December 10, 2025 / Source: National Archives and Records Administration
Agency Information Collection Activities: Comment Request SUMMARY: In accordance with the Paperwork Reduction Act of 1995 (PRA), the Consumer Financial Protection Bureau (CFPB or Bureau) is requesting to extend the Office of Management and Budget’s (OMB’s) approval for an existing information collection titled “Home Mortgage Disclosure Act (Regulation C)” approved under OMB Control Number 3170-0008….
Report: The Buy Now, Pay Later Market
December 10, 2025 / Source: Consumer Financial Protection Bureau
DEC 10, 2025 The market for buy now, pay later (BNPL) credit, typically a four-payment loan with no interest used by consumers to make retail purchases, continued to expand between 2019 and 2023. Using data provided by six large BNPL companies, the CFPB examined trends in the BNPL market for calendar years 2019 to 2023….
OCC Confirms Bank Authority to Engage in Riskless Principal Crypto-Asset Transactions
December 9, 2025 / Source: Office of the Comptroller of the Currency
WASHINGTON—The Office of the Comptroller of the Currency (OCC) today confirmed permissible bank activities related to riskless principal transactions in crypto-assets. The OCC published Interpretive Letter 1188 confirming that a national bank may engage in riskless principal crypto-asset transactions as part of the business of banking. Such transactions involve a bank acting as principal in…
Comptroller Issues Statement on 10th Circuit Decision
December 9, 2025 / Source: Office of the Comptroller of the Currency
WASHINGTON—Comptroller of the Currency Jonathan V. Gould today issued the following statement following the decision by the United States Court of Appeals for the Tenth Circuit in National Association of Industrial Bankers v. Weiser: In its recently issued National Association of Industrial Bankers v. Weiser decision, the 10th Circuit has allowed Colorado to dictate the interest…
FinCEN Assesses $3.5 Million Penalty Against Paxful for Facilitating Suspicious Activity Involving Illicit Actors
December 9, 2025 / Source: Financial Crimes Enforcement Network
Immediate Release December 09, 2025 WASHINGTON—The Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) has assessed a $3,500,000 civil money penalty against Paxful, Inc. and Paxful USA, Inc. (collectively, Paxful) for willful violations of the Bank Secrecy Act (BSA), the primary U.S. anti-money laundering law that safeguards the financial system from illicit use. Paxful, a convertible…
Multiple Requests for Comment Published in Federal Register
December 9, 2025 / Source: National Archives and Records Administration
Request for Information and Comment on the Future of the Federal Reserve Banks’ Check Services SUMMARY: The Board of Governors of the Federal Reserve System (Board) seeks public input on questions related to the future of the Federal Reserve Banks’ (Reserve Banks’) check services. The Board will use responses to this request for information (RFI)…
Speech: Remarks at the Blockchain Association Policy Summit
December 8, 2025 / Source: Office of the Comptroller of the Currency
Thank you to the Blockchain Association for having me today and thank you all for beinghere. The Blockchain Association has been an influential voice in the policy discussions aroundinnovation and support for a digital asset economy—advances that, if done safely and soundly,will ensure the United States’ financial system continues to be the envy of the…
FTC Announces Workshop on Age Verification TechnologiesJanuary 28 event will bring together researchers, academics, industry representatives and consumer advocates
December 8, 2025 / Source: Federal Trade Commission
December 8, 2025 Tags: The Federal Trade Commission will hold a workshop on January 28, 2026, to discuss a range of issues related to age verification and estimation technologies, which can help companies obtain age information of potential visitors to websites and other online services. The workshop will bring together researchers, academics, industry representatives, consumer…
Interagency Statement on OCC and FDIC Withdrawal from the Interagency Leveraged Lending Guidance Issuances
December 7, 2025 / Source: Federal Deposit Insurance Corporation
Joint Release Federal Deposit Insurance CorporationOffice of the Comptroller of the Currency December 5, 2025 Share on Facebook Share on X Follow the FDIC on LinkedIn Share through email Print WASHINGTON—The Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation (collectively “the agencies”) are rescinding the “Interagency Guidance on Leveraged Lending”…
Mortgage Rates Move Down
December 4, 2025 / Source: Freddie Mac
MCLEAN, Va., Dec. 04, 2025 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.19%. “Mortgage rates decreased for the second straight week as we emerged from the Thanksgiving holiday,” said Sam Khater, Freddie Mac’s Chief Economist. “Compared to this time last year,…
Former President of Failed Oklahoma Bank Indicted for Bank Fraud
December 4, 2025 / Source: US Department of Justice
The Money Laundering, Narcotics and Forfeiture Section’s Bank Integrity Unit investigates and prosecutes banks and other financial institutions, including their officers, managers and employees whose actions threaten the integrity of the individual institution or the wider financial system. A federal grand jury in the Western District of Oklahoma returned an indictment yesterday charging the former…
Maryland Man Sentenced for Conspiracy to Commit Wire Fraud
December 4, 2025 / Source: US Department of Justice
Minh Phuong Ngoc Vong, 40, of Bowie, Maryland, was sentenced today to 15 months in prison followed by three years of supervised release for his role in a fraudulent scheme that assisted foreign information technology (IT) workers posing as U.S. citizens with obtaining remote IT positions at over a dozen U.S. companies. According to court…
FinCEN Issues Financial Trend Analysis on Ransomware
December 4, 2025 / Source: Financial Crimes Enforcement Network
Immediate Release December 04, 2025 WASHINGTON—Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) is issuing a Financial Trend Analysis on ransomware incidents in Bank Secrecy Act (BSA) data between 2022 and 2024, which totaled more than $2.1 billion in ransomware payments. “Banks and other financial institutions play a key role in protecting our…
Federal Reserve Board requests public input on the impact of potential strategic changes to check services provided by the Fed, as well as check usage and preferences
December 4, 2025 / Source: Board of Governors of the Federal Reserve System
The Federal Reserve Board on Thursday requested public input on the impact of potential strategic changes to check services provided by the Fed, as well as check usage and preferences. The Reserve Banks offer check collection and processing services at a fee to banks and credit unions. Over time, check use has steadily declined, digital…
Federal Reserve Board announces pricing, effective January 1, 2026, for payment services the Federal Reserve Banks provide to banks and credit unions
December 4, 2025 / Source: Board of Governors of the Federal Reserve System
The Federal Reserve Board on Thursday announced pricing, effective January 1, 2026, for payment services the Federal Reserve Banks provide to banks and credit unions, such as the clearing of checks, automated clearing house (ACH) transactions, instant payments, and wholesale payment and settlement services. By law, the Federal Reserve must establish fees to recover the…
Adjusting and Indexing Certain Regulatory Thresholds
December 4, 2025 / Source: Federal Deposit Insurance Corporation
The Federal Deposit Insurance Corporation (FDIC) is adopting this final rule to amend certain regulatory thresholds in the FDIC’s regulations to reflect inflation. Specifically, this final rule generally updates such thresholds to reflect inflation from the date of initial implementation or the most recent adjustment and provides for future adjustments pursuant to an indexing methodology….
Agency Information Collection Activities: Information Collection Renewal; Comment Request; Guidance on Sound Incentive Compensation Policies
December 4, 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,…
OFAC Imposes $7 Million Penalty on Company Tied to Sanctioned Russian Oligarch
December 4, 2025 / Source: US Department of the Treasury
December 4, 2025Gracetown violated U.S. sanctions despite notice from OFAC that dealings with Kremlin-connected oligarch were unlawful WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) imposed a $7,139,305penalty on Gracetown Inc., a property management company in New York, for violating OFAC’s Russia-related sanctions and for failing to report…
Trust and Wealth Management Training: Trust Department Fundamentals: Bridging Operations and Compliance
December 4, 2025 / Source: Compliance Alliance
Explore the key operational aspects of Trust departments, focusing on critical compliance requirements. This session will equip your organization with the essential knowledge needed to establish and maintain effective, compliant banking practices. Topics covered will include management best practices, relevant policies, and key compliance elements that ensure smooth, sustainable operations. Don’t miss the opportunity to…
Georgia Businessman Sentenced In International Bribery and Money Laundering Scheme
December 3, 2025 / Source: US Department of Justice
A Georgia businessman was sentenced yesterday to eight years in prison for his role in a nearly five-year long scheme to bribe Honduran government officials and to launder money to secure business for a Georgia-based manufacturer of law enforcement uniforms and accessories. He was also ordered to forfeit over $2 million. According to court documents and…
Treasury Targets Money Laundering Network Supporting Venezuelan Terrorist Organization Tren de Aragua
December 3, 2025 / Source: US Department of the Treasury
December 3, 2025 Individuals Including Venezuelan Entertainer “Rosita” Involved in Drug-Fueled Parties to Benefit Terrorist Cartel WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned key affiliates of the designated Foreign Terrorist Organization (FTO), Tren de Aragua (TdA). Notably, today’s action includes the designation of Venezuelan entertainer Jimena Romina Araya…