Legislation

Fed makes public two consents to prohibitions, both for misappropriation of customer funds

August 20, 2026 0

Two more former bank workers have consented to prohibition orders, both for misappropriation of customer funds, the Federal Reserve said Thursday. The one of the prohibitions is for a former employee at Regions Bank, adding to the at least four [...]
Crews awaits swearing-in to seat on NCUA Board

August 20, 2026 0

There’s been no news yet of the swearing-in of John Crews to a term on the board of the National Credit Union Administration (NCUA), which is apparently working with all three board seats vacant. Crews, a Treasury official, was nominated [...]
With GENIUS Act date looming, OCC chief says rules will be ready in November

August 19, 2026 0

Banking regulators are working to complete final rules on the application procedure banks must follow to issue payment stablecoins, with one agency on Wednesday pledging it will have a final rule ready in November. Meanwhile, a proposed rule from the [...]
FinCEN rule exempting U.S. firms from beneficial ownership reporting in effect

August 17, 2026 0

Exemptions from beneficial ownership reporting by U.S. companies in place under a March 2025 interim rule became final as of Friday, Aug. 14, according to a Federal Register notice. The Aug. 14 notice shows the final rule from the Treasury’s [...]
OCC updates advisory series on bank accounting

August 14, 2026 0

Its annual update to the Bank Accounting Advisory Series (BAAS), with answers to frequently asked questions (FAQs) and updates on accounting industry standards, was released Friday by the Office of the Comptroller of the Currency (OCC). The OCC, in Bulletin [...]