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What's up
  • [ April 10, 2026 ] FDIC rescinds guidance on multiple re-presentment NSF fees FDIC
  • [ April 9, 2026 ] NCUA deregulation project expected to run all year, maybe into 2027 NCUA
  • [ April 9, 2026 ] Fed proposal: Banks, credit unions could use correspondents to send payments via FedNow The Fed
  • [ April 8, 2026 ] Proposed rule subjects stablecoin issuers to anti-money laundering regs, as mandated by GENIUS Other
  • [ April 7, 2026 ] Bank and credit union regulators, FinCEN propose AML/CFT rule changes that include larger FinCEN role FDIC
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20june29

CFPB

CFPB’s tech sprints will focus on consumer disclosures, HMDA file prep and data submission

June 29, 2020 0

A series of three “tech sprints” – one held this October, and two more slated for March 2021 – will focus on how to improve consumer disclosures, preparing files for Home Mortgage Disclosure Act (HMDA) […]

Other

Due diligence on serving hemp-related businesses issued by financial crimes law enforcement, including types of info, documentation needed

June 29, 2020 0

Conducting due diligence on hemp-related businesses – on the types of information and documentation that may be required to collect from those entities – is outlined in guidance for banks and credit unions issued Monday […]

COVID-19 actions

Fed releases new term sheet for Primary Market Corporate Credit Facility created to help large employers during pandemic

June 29, 2020 0

Pricing and other information for the purchase of corporate bonds by the Primary Market Corporate Credit Facility (PMCCF) is provided in a new term sheet released Monday by the Federal Reserve. The PMCCF was created […]

OCC

‘Risk perspective’ paints grim picture for banks’ financial performance for year due to impact of pandemic

June 29, 2020 0

Weak financial performance and increasing credit, operational, and compliance risks resulting from the financial impact of the coronavirus crisis are among the “key risk themes” outlined in a report issued Monday by the federal bank […]

NCUA

Supreme Court takes a pass on credit union membership rules; agency will start processing new applications ‘immediately’

June 29, 2020 0

An appeal of a lower court’s earlier decision upholding rules governing membership at credit unions was rejected by the Supreme Court Monday, essentially ending a challenge by the banking industry to the regulator over the […]

CFPB

High court ruling allowing president to fire CFPB director ‘at will’ has no impact on agency rules, Kraninger says

June 29, 2020 0

A Supreme Court ruling Monday that lets the federal consumer financial protection agency continue in operation – but finds that the president may remove its director at will – means that the agency’s rules continue to govern […]

Today

  • FDIC rescinds guidance on multiple re-presentment NSF fees

    April 10, 2026 0
    Calling the guidance “overly broad in scope,” the federal bank deposit insurer on Friday rescinded a 2023 Financial Institution Letter (FIL) describing its supervisory approach to multiple nonsufficient funds (NSF) fees that occur when the same unpaid transaction is re-presented. [...]
  • NCUA deregulation project expected to run all year, maybe into 2027

    April 9, 2026 0
    A four-slide presentation related to Thursday’s National Credit Union Administration (NCUA) Board meeting shows the agency expects its deregulation project – which recently announced a ninth “phase” – to continue to late 2026 or early 2027. The meeting, held Thursday [...]
  • Fed proposal: Banks, credit unions could use correspondents to send payments via FedNow

    April 9, 2026 0
    The Federal Reserve Board proposes to permit U.S. banks and credit unions to use intermediaries to transfer funds through the FedNow Service, the board announced. In a release, the Fed said the measure, which would amend subpart C of Regulation [...]
  • Proposed rule subjects stablecoin issuers to anti-money laundering regs, as mandated by GENIUS

    April 8, 2026 0
    Providing an “appropriately tailored regime to mitigate potential illicit finance risks” with the use of payment stablecoins — while promoting “innovation” in the digital vehicles — is the aim of a proposed rule issued Wednesday by the Treasury and its [...]
  • Bank and credit union regulators, FinCEN propose AML/CFT rule changes that include larger FinCEN role

    April 7, 2026 0
    A rule that would, among other things, have federal bank and credit union regulators “consult” with the Financial Crimes Enforcement Network (FinCEN) on certain anti-money laundering/countering the financing of terrorism (AML/CFT) actions was issued Tuesday for a 60-day public comment [...]
  • GENIUS Act proposal for comment issued by FDIC

    April 7, 2026 0
    A proposed rule that addresses the applicability of pass-through insurance for stablecoins and tokenized deposits was issued for comment Tuesday by the federal bank deposit insurer. The Federal Deposit Insurance Corp. (FDIC) said the proposed rule would implement certain requirements [...]
  • FDIC, OCC ban use of reputation risk in supervising banks

    April 7, 2026 0
    A final rule to eliminate the use of reputation risk from programs for bank supervision was issued jointly Tuesday by two federal prudential banking regulators. The Federal Deposit Insurance Corp. (FDIC) – which approved the rule during its open board [...]
  • Groups would no longer be barred from credit union membership without buying service, product

    April 7, 2026 0
    Eligibility for credit union membership through an associational group would not be automatically denied solely because members of the group did not purchase a product or service of the institution under a proposal issued Tuesday by the federal regulator. The [...]

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