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  • [ October 23, 2026 ] Interest rate risk report exposes some vulnerability for banks over longer term OCC
  • [ October 22, 2026 ] OCC finalizes rule for crypto under GENIUS Act; more to come on waiver requests OCC
  • [ October 16, 2026 ] CU stablecoin activity reporting eyed for Q1 2027 call report; comments due Dec. 8 NCUA
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  • [ October 15, 2026 ] NCUA targets fidelity bond/insurance, incidental powers, CLF in 12th reg relief round NCUA
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

  • Interest rate risk report exposes some vulnerability for banks over longer term

    October 23, 2026 0
    Economic value of equity (EVE) is more vulnerable to interest rate increases than are other financial indicators, according to the latest interest rate risk statistics report issued Friday by the national bank regulator. According to the quarterly report (for fall [...]
  • OCC finalizes rule for crypto under GENIUS Act; more to come on waiver requests

    October 22, 2026 0
    Providing a “clear, practical foundation for private-sector innovation, competition, and American leadership in digital assets” is the aim of a cryptocurrency final rule issued Wednesday by the national bank regulator, the agency said. According to the Office of the Comptroller [...]

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