22jul25 – Regulatory Report

What's up

[ June 16, 2026 ] OCC drops language from MDI rules designating what groups qualify as ‘socially, economically disadvantaged’ OCC
[ June 15, 2026 ] UPDATED: Credit union regulator loosens rules on records preservation requirements NCUA
[ June 15, 2026 ] FinCEN updates guidance on banks’ USA PATRIOT Act info sharing with others Other
[ June 12, 2026 ] Nearly $400 million in illegal transactions through cryptocurrency money-laundering service leads to arrests of two FDIC
[ June 11, 2026 ] Rule finalizes data standards for information collected by agencies under 2022 law CFPB

FDIC updates supervisory guidance on terminating C&D, consent orders

July 25, 2022 0

Two chapters of an agency enforcement action manual that provides guidance to its staff on terminations of cease-and-desist (C&D) and consent orders have been updated by the Federal Deposit Insurance Corp. (FDIC), the agency announced […]

Impact of fintech on lending, deposit taking, payments, subject of OCC research project

July 25, 2022 0

The impact of financial technology (fintech) entities and nonbanks on banking and the markets for lending, deposit-taking, and payment services is the subject of research – and a call for papers – by the national […]

OCC drops language from MDI rules designating what groups qualify as ‘socially, economically disadvantaged’

June 16, 2026 0

As there is no specified group of individuals presumed to be socially and economically disadvantaged under the statute creating minority depository institutions (MDIs), the national bank regulator is dropping portions of its rules that outline who those groups are, the [...]
UPDATED: Credit union regulator loosens rules on records preservation requirements

June 15, 2026 0

Guidance on records preservation for credit unions concerning the length of time credit unions should retain various types of operational records was removed from the federal regulator’s regulations under a final rule adopted Monday. According to the one-man board of [...]
FinCEN updates guidance on banks’ USA PATRIOT Act info sharing with others

June 15, 2026 0

Updated guidance on how financial institutions are permitted to share information with each other regarding suspected fraud was issued by Treasury’s financial crimes enforcement arm under the USA PATRIOT Act. The Financial Crimes Enforcement Network (FinCEN) on Friday released a [...]
Nearly $400 million in illegal transactions through cryptocurrency money-laundering service leads to arrests of two

June 12, 2026 0

More than $389 million in unlawful transactions allegedly conducted in a cryptocurrency money laundering service has led to the June 10 arrests of two Republic of Georgia residents, the inspector general for the federal bank deposit insurance agency said Friday. [...]