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  • [ October 16, 2026 ] CU stablecoin activity reporting eyed for Q1 2027 call report; comments due Dec. 8 NCUA
  • [ October 15, 2026 ] Beige Book finds some economic growth – but consumer growth seems driven by higher-income households The Fed
  • [ October 15, 2026 ] NCUA targets fidelity bond/insurance, incidental powers, CLF in 12th reg relief round NCUA
  • [ October 15, 2026 ] Grant money available to help low-income credit unions deal with hurricane effects, more NCUA
  • [ October 2, 2026 ] Wisconsin bank, holding company consent to enforcement actions for ‘unsafe, unsound’ practices FDIC
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FDIC

Agencies jointly issue proposal for ‘effective’ customer ID program used by permitted stablecoin issuers

June 18, 2026 0

Establishing and maintaining “an effective” customer identification program (CIP) for permitted payment stablecoin issuers (PPSIs) was proposed Thursday by federal banking and credit union regulators, and the Treasury’s financial crimes enforcement unit. The proposal, issued […]

FDIC

FDIC opens door to use of ‘pre-populated’ customer info when accounts are opened

August 6, 2025 0

Banks may use pre-populated customer information to satisfy Customer Identification Program (CIP) requirements when opening an account, the federal bank deposit insurance agency said late Tuesday. In a financial institution letter (FIL), the Federal Deposit […]

Other

Fed joins others in allowing banks to use third parties to get customer TIN info

July 31, 2025 0

Banks supervised by the Federal Reserve Board are now permitted to obtain a customer’s tax identification number (TIN) from a third party under an exemption order approved July 24 and announced Thursday by the Federal […]

FDIC

Exemption order allows banks, credit unions to get TIN info from third parties

June 27, 2025 0

An exemption order allowing banks and credit unions to satisfy a federal customer identification program (CIP) rule by getting taxpayer identification number (TIN) information from third parties – not just directly from the customer or […]

Other

UPDATED: FinCEN eyes allowing customer ID change to permit banks to collect partial SSNs prior to account opening

March 28, 2024 0

This article was updated April 1, 2024. Should banks be allowed to collect just a piece of an individual’s social security number prior to account opening to satisfy a key obligation under Bank Secrecy Act […]

Other

FinCEN affirms that, yes, CIP and CDD rules apply to distributions to IRA beneficiaries by broker-dealer

March 15, 2024 0

A broker-dealer must comply with certain requirements of customer identification program (CIP) and customer due diligence (CDD) regulations when distributing to a beneficiary of an individual retirement account (IRA) funds inherited as part of a […]

FDIC

Agencies exempt loans for property, casualty insurance policies from customer ID program rules

October 9, 2020 0

An exemption from the requirements of the customer identification program (CIP) rules for loans extended by banks and credit unions and their subsidiaries to all customers to facilitate purchases of property and casualty insurance policies […]

Today

  • CU stablecoin activity reporting eyed for Q1 2027 call report; comments due Dec. 8

    October 16, 2026 0
    Comments on the agency’s proposed call report revisions, including the addition of a new schedule for credit unions’ involvement in payment stablecoin activities, are due Dec. 8, the National Credit Union Administration (NCUA) reminded in a release Friday. The NCUA [...]
  • Beige Book finds some economic growth – but consumer growth seems driven by higher-income households

    October 15, 2026 0
    Some economic growth – from slight to moderate – was reported in several Federal Reserve Districts over the last month, but some of the data indicates that growth, if any, is coming mostly from high-income households, the agency said in [...]
  • NCUA targets fidelity bond/insurance, incidental powers, CLF in 12th reg relief round

    October 15, 2026 0
    Calling it the agency’s 12th round of regulatory relief, the National Credit Union Administration (NCUA) on Wednesday released proposed changes to its rules on fidelity bond and insurance coverage, incidental powers, and the Central Liquidity Facility (CLF). All three were [...]
  • Grant money available to help low-income credit unions deal with hurricane effects, more

    October 15, 2026 0
    The federal credit union regulator on Tuesday invited low-income credit unions affected by natural disasters such as hurricanes, flooding and other severe weather events to seek grant funds from the agency for recovery. The National Credit Union Administration (NCUA) is [...]
  • Wisconsin bank, holding company consent to enforcement actions for ‘unsafe, unsound’ practices

    October 2, 2026 0
    A Wisconsin bank’s holding company is now under an enforcement order issued Friday by the Federal Reserve for “unsafe and unsound” banking practices – about two months after another federal banking agency issued a similar order for the bank owned [...]

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