06/17/2026 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. |
06/02/2026 After the passage of the IFPA, interchange became an area of defense for nearly every state bankers association and, at the forefront of every argument, the issue of federal preemption. The Illinois Bankers Association, American Bankers Association and others filed suit challenging the law while interchange bills were filed in most states during the pending litigation. |
05/20/2026 President Trump has signed an executive order directing regulators to provide guidance to financial institutions on identifying suspicious activity allegedly tied to individuals in the country illegally, and to potentially strengthen customer due diligence requirements. He also signed a separate order directing the Federal Reserve to explore expanding its payment accounts and payment services to nonbank financial institutions. |
05/05/2026 Senators Thom Tillis (R-N.C.) and Angela Alsobrooks (D-Md.) have released legislative text to restrict interest and yield payments tied to stablecoins, which would allow legislation to create a regulatory framework for cryptocurrencies to move forward, Punchbowl News reported. |
05/04/2026 "The Bureau now finds that a better, longer-term approach to advance the statutory purposes of section 1071 is to commence the collection of data with a narrower scope to ensure its quality, and to limit, as much as possible, any disturbance of the provision of credit to small businesses." |
04/24/2026 “The federal bank regulatory agencies jointly finalized a rule to modify the community bank leverage ratio consistent with existing statutory authority. This change will provide community banks with greater flexibility to use a simpler measure of capital adequacy and reduce regulatory burden. The final rule takes into account the unique business models and risk profiles of community banks.” |
04/14/2026 “Staff from the Federal Deposit Insurance Corporation (FDIC), Federal Reserve System, and Office of the Comptroller of the Currency (OCC) will conduct an Ask the Regulators event to discuss recent proposals that would modernize and revise bank capital requirements.” |
04/13/2026 “On June 16, 2023, the FDIC issued FIL-32-2023, which rescinded and replaced FIL-40-2022, entitled “Supervisory Guidance on Multiple Re-Presentment NSF Fees.”” |
04/08/2026 “The U.S. Department of the Treasury announced that it has designated The Bank of New York Mellon Corporation (“BNY”) as a financial agent of the U.S. government to support implementation of the new Trump Accounts program. Under this designation, BNY will manage the initial accounts and help develop the new Trump Accounts app — a secure, user-friendly platform that will enable families to easily access and manage their accounts.” |