19apr25 – Regulatory Report

What's up

[ December 24, 2025 ] Claiming it has more experience now, agency wants to raise threshold of bank size for ‘heightened standards’ OCC
[ December 24, 2025 ] 4 more regs tapped for removal or revision at NCUA; comments due Feb. 27 NCUA
[ December 22, 2025 ] 3 CFPB records systems under revision to allow Treasury payments screening access CFPB
[ December 22, 2025 ] Treasury, FinCEN target scores of MSBs along southern border for alleged money laundering activity Federal financial regulation
[ December 19, 2025 ] Debit, prepaid card transactions slowed down in 2021-23 – but interchange fees grew, Fed report finds The Fed

CFPB, in RFI, seeks input on remittance rule coverage, temporary disclosures exception

April 25, 2019 0

How to mitigate the impact on remittance providers of next year’s expiration of a remittance rule disclosure exception, and just what firms are subject to the rule itself, is the focus of a Consumer Financial […]

Branch of Tokyo-based Sumitomo Mitsui bank latest to face BSA/AML enforcement action

April 25, 2019 0

Another foreign bank operating in the U.S. has found itself at odds with the country’s anti-money laundering regulations and is now subject to an enforcement action, the Federal Reserve said Thursday. Sumitomo Mitsui Banking Corporation […]

Claiming it has more experience now, agency wants to raise threshold of bank size for ‘heightened standards’

December 24, 2025 0

Only the very largest banks – those with $700 billion in assets or more – would be subject to “heightened standards” for gauging threats to the financial system under a proposal issued Tuesday by the national bank regulator. The Office [...]
4 more regs tapped for removal or revision at NCUA; comments due Feb. 27

December 24, 2025 0

The second round of the federal credit union regulator’s “deregulation project” was released this week, with four of the agency’s rules proposed for either deletion or revision. The National Credit Union Administration’s (NCUA) deregulation project is being rolled out in [...]
3 CFPB records systems under revision to allow Treasury payments screening access

December 22, 2025 0

Three notices of records system modifications by the Consumer Financial Protection Bureau (CFPB) would implement a March White House executive order that gives Treasury screening authority over payments by federal agencies. The notices, published Monday in the Federal Register and [...]
Treasury, FinCEN target scores of MSBs along southern border for alleged money laundering activity

December 22, 2025 0

Money services businesses (MSBs) operating along the southwest border of the country are the target of a new effort by the Treasury and its financial crimes enforcement unit to unearth alleged money laundering activity, the agencies said Monday. The Treasury [...]
Debit, prepaid card transactions slowed down in 2021-23 – but interchange fees grew, Fed report finds

December 19, 2025 0

Debit and general-use prepaid card transactions grew at a slower rate in the period 2021-23 than previous periods, the Federal Reserve said Friday, and interchange fees have been rising. In its biennial, statutorily mandated report on debit card transactions, summarizing [...]
Fed wants comments on new payment account, ‘tailored’ to meet ‘limited needs’ of banks, credit unions

December 19, 2025 0

A new “payment account” — tailored to meet the limited needs of eligible financial institutions seeking payments and settling services – is being considered by the Federal Reserve, and the agency said Friday it wants comments on the idea. In [...]
Banks’ Q3 trading revenue up 12.7% over year ago, OCC reports

December 19, 2025 0

U.S. commercial banks and savings associations had $18.4 billion in cumulative trading revenue in the third quarter of this year – $1.8 billion (10.9%) more than the previous quarter and $2.1 billion (12.7%) more than a year ago, the national [...]
Agency releases latest version of CECL accounting tool for use by small credit unions

December 19, 2025 0

The latest version of a tool for navigating current expect credit loss (CECL) accounting requirements for small, complex credit unions was released Thursday by the federal credit union regulator as part of a quarterly update. The tool is an option, [...]