Compliance & Legal Updates
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Federal Court Upholds Illinois Interchange Law

02/11/2026
The United States District Court of the Northern District of Illinois has upheld Illinois state law prohibiting interchange fees on taxes and tips.

Trump Accounts: What We Know

01/22/2026
We have received several inquiries about “Trump Accounts” and what banks should do to prepare.

Federal Reserve to Host Residential Real Estate Update

01/20/2026
On February 10, 2026, Domonic Purviance from the Federal Reserve Bank of Atlanta, will host a 75-minute webinar that addresses current housing market conditions and future risks and expectations over the next year.

United States Senate Banking Committee Delays Hearing on Market Structure

01/15/2026
The United States Senate Banking Committee has delayed its hearing today on market structure.

Petition: Close the Payment of Interest Loophole on Stablecoin

01/12/2026
Since the enactment of the GENIUS Act, we have shared our concerns with our Congressional delegation that allowing the payment of interest on stablecoins will cause disintermediation of customer deposits and limit local lending by trillions of dollars nationwide, leaving less loans available for consumers, families, and small businesses.

Federal Reserve Announces Resumption of Penny Collection

01/09/2026
The Federal Reserve Financial Services (FRFS) announced yesterday “new actions to better support the circulation of pennies for commercial activity. Beginning on Jan. 14, the Federal Reserve will resume accepting pennies from banks and credit unions at commercial coin distribution locations providing services under arrangements with the Federal Reserve that were previously suspended.”

U.S. Treasury Releases Penny FAQs

12/31/2025
The United States Department of Treasury has released non-binding FAQs on how businesses and consumers may handle penny transactions.

Acting Chairman Hill Releases Supervisory Statement at FSOC Meeting

12/11/2025
“The FDIC remains hard at work to improve its supervisory and regulatory approach across an array of issues, while still continuing to fulfill our core mission of insuring deposits, promoting the safety and soundness of banks, and resolving failed institutions. At the last FSOC meeting in September, I detailed a number of actions we had taken earlier this year, or were planning to take in the coming months, to execute on these goals.”

OCC Announces BSA/AML Amendments to Reduce Regulatory Burden

11/25/2025
“The Office of the Comptroller of the Currency (OCC) today announced supervisory and regulatory actions to reduce burden for community banks and strengthen their service as drivers of economic growth.”