shared facility – Regulatory Report

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[ April 8, 2026 ] Proposed rule subjects stablecoin issuers to anti-money laundering regs, as mandated by GENIUS Other
[ April 7, 2026 ] Bank and credit union regulators, FinCEN propose AML/CFT rule changes that include larger FinCEN role FDIC
[ April 7, 2026 ] GENIUS Act proposal for comment issued by FDIC FDIC
[ April 7, 2026 ] FDIC, OCC ban use of reputation risk in supervising banks FDIC
[ April 7, 2026 ] Groups would no longer be barred from credit union membership without buying service, product NCUA

NCUA final rule on federal credit union ‘service facility’ kicks in Dec. 27

November 29, 2021 0

A final rule that broadens the definition of a federal credit union (FCU) “service facility” in connection with the addition of groups to the institution’s field of membership is scheduled to take effect Dec. 27, […]

Voting 2-1, credit union regulator’s board queues up 3 final rules for action before year-end

September 23, 2021 0

Three final rules will be taken up – one each from October through December – affecting permissible activities by credit union service organizations (CUSOs), the definition of shared facilities, and the purchase of mortgage servicing […]

Proposed rule subjects stablecoin issuers to anti-money laundering regs, as mandated by GENIUS

April 8, 2026 0

Providing an “appropriately tailored regime to mitigate potential illicit finance risks” with the use of payment stablecoins — while promoting “innovation” in the digital vehicles — is the aim of a proposed rule issued Wednesday by the Treasury and its [...]
Bank and credit union regulators, FinCEN propose AML/CFT rule changes that include larger FinCEN role

April 7, 2026 0

A rule that would, among other things, have federal bank and credit union regulators “consult” with the Financial Crimes Enforcement Network (FinCEN) on certain anti-money laundering/countering the financing of terrorism (AML/CFT) actions was issued Tuesday for a 60-day public comment [...]
GENIUS Act proposal for comment issued by FDIC

April 7, 2026 0

A proposed rule that addresses the applicability of pass-through insurance for stablecoins and tokenized deposits was issued for comment Tuesday by the federal bank deposit insurer. The Federal Deposit Insurance Corp. (FDIC) said the proposed rule would implement certain requirements [...]
FDIC, OCC ban use of reputation risk in supervising banks

April 7, 2026 0

A final rule to eliminate the use of reputation risk from programs for bank supervision was issued jointly Tuesday by two federal prudential banking regulators. The Federal Deposit Insurance Corp. (FDIC) – which approved the rule during its open board [...]
Groups would no longer be barred from credit union membership without buying service, product

April 7, 2026 0

Eligibility for credit union membership through an associational group would not be automatically denied solely because members of the group did not purchase a product or service of the institution under a proposal issued Tuesday by the federal regulator. The [...]