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  • [ July 8, 2026 ] NCUA fund has $13 million available for loans to low-income credit unions NCUA
  • [ July 7, 2026 ] Fed gets in on the act for anti-money laundering changes with other regulators, proposing focus on risk The Fed
  • [ July 7, 2026 ] OCC sets places, dates for summer director, senior manager workshops OCC
  • [ July 2, 2026 ] Kansas bank found ‘significantly undercapitalized,’ must seek acquisition, merger with another institution The Fed
  • [ July 2, 2026 ] Agency promotes from within for leader to oversee supervisory data, systems OCC
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

  • NCUA fund has $13 million available for loans to low-income credit unions

    July 8, 2026 0
    The federal credit union regulator is accepting applications for loans from its Community Development Revolving Loan Fund (CDRLF), with a total of $13 million available for loans to low-income-designated credit unions. The National Credit Union Administration (NCUA) announced the funding [...]
  • Kansas bank found ‘significantly undercapitalized,’ must seek acquisition, merger with another institution

    July 2, 2026 0
    A Lenexa, Kansas, bank is “significantly undercapitalized” and has adopted a prompt corrective action directive prepared by the Federal Reserve, the agency said Thursday. Small Business Bank of Lenexa adopted the prompt corrective action directive after being found undercapitalized by [...]
  • Agency promotes from within for leader to oversee supervisory data, systems

    July 2, 2026 0
    Supervisory data, systems, reports and analytics, in support of supervision objectives and the national bank regulator’s mission, will be the responsibility of Jamie Wilds, the agency announced Thursday. In a release, the Office of the Comptroller of the Currency (OCC) [...]

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