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  • [ September 15, 2026 ] Proposed rules on merger transactions, state bank parity on agenda for FDIC Board FDIC
  • [ September 14, 2026 ] Credit unions see delinquencies inch up as loan demand remains high; savings rise too NCUA
  • [ September 11, 2026 ] UPDATED: Proposed guidance focuses on risk management with third parties; statement on community banks ‘core service providers’ issued FDIC
  • [ September 11, 2026 ] Banks can start submitting CRA aggregate data via Fed portal in 2028 Other
  • [ September 11, 2026 ] Interim rule qualifies more banks for 18-month exam schedule FDIC
HomeCIP

CIP

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

  • Proposed rules on merger transactions, state bank parity on agenda for FDIC Board

    September 15, 2026 0
    Merger transactions and state bank parity are the subjects of two proposed rules the board of the federal bank deposit insurance agency will take up when it meets Thursday (Sept. 17) in Washington, D.C. According to the Federal Deposit Insurance [...]
  • Credit unions see delinquencies inch up as loan demand remains high; savings rise too

    September 14, 2026 0
    The loan delinquency rate was up at credit unions at midyear, compared to a year earlier, as credit union assets also grew during the same period, their federal regulator said Monday. In a release, the National Credit Union Administration (NCUA) [...]
  • UPDATED: Proposed guidance focuses on risk management with third parties; statement on community banks ‘core service providers’ issued

    September 11, 2026 0
    Updated for Federal Register notices, comment deadline. Managing risks associated with third-party relationships is the subject of proposed guidance issued Friday by federal banking and credit union regulators. The banking agencies also issued a statement on community banks’ engagement with [...]
  • Banks can start submitting CRA aggregate data via Fed portal in 2028

    September 11, 2026 0
    Banks required or choosing to report Community Reinvestment Act (CRA) aggregate data will be able to use a streamlined process beginning with the 2027 reporting year – meaning for submissions due by March 1, 2028, a regulators’ panel said Friday. [...]
  • Interim rule qualifies more banks for 18-month exam schedule

    September 11, 2026 0
    An extended, 18-month on-site exam cycle will apply to certain banks having assets of less than $6 billion under an interim final rule by the three federal prudential banking regulators. The Federal Reserve Board, Federal Deposit Insurance Corp. (FDIC), and [...]

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