07/07/2026 After months of work, the budget reconciliation bill has passed Congress and was signed by President Trump on July 4th. |
07/03/2025 The FDIC released its Consumer Compliance Supervisory Highlights today available |
06/27/2025 Federal bank regulatory agencies released the 2025 list of distressed or underserved nonmetropolitan middle-income geographies where certain bank activities are eligible for Community Reinvestment Act (CRA) credit. |
06/24/2025 “The Federal Reserve Board on Monday announced that reputational risk will no longer be a component of examination programs in its supervision of banks.” |
06/24/2025 The United States House of Representatives passed the bipartisan Homebuyers Protection Act (H.R. 2808) prohibiting credit reporting firms from selling mortgage applicant information to lenders who then barrage those same consumers with unwanted solicitation. |
06/23/2025 One of the questions that has been arising from examiners is the alleged requirement to have a third-party to conduct your CECL validation. |
06/18/2025 The Consumer Financial Protection Bureau announced yesterday in the Federal Register that it will issue a final rule extending 1071 compliance deadlines by roughly a year. |
06/18/2025 The United States Senate voted 68-30 yesterday to advance stablecoin legislation (The GENIUS Act, Senate Bill 1582) that establishes procedures for institutions to issue stablecoins with some regulatory standards. |
06/17/2025 “The federal bank regulatory agencies announced a request for comment on potential actions to help consumers, businesses, and financial institutions mitigate risk of payments fraud, with a particular focus on check fraud. For purposes of the request for information, payments fraud generally refers to the use of illegal means to make or receive payments for personal gain, including scams.” |