trust powers – Regulatory Report

What's up

[ June 15, 2026 ] Credit union regulator loosens rules on records preservation requirements NCUA
[ June 15, 2026 ] FinCEN updates guidance on banks’ USA PATRIOT Act info sharing with others Other
[ June 12, 2026 ] Nearly $400 million in illegal transactions through cryptocurrency money-laundering service leads to arrests of two FDIC
[ June 11, 2026 ] Rule finalizes data standards for information collected by agencies under 2022 law CFPB
[ June 11, 2026 ] Weekly, quarterly reporting forms proposed for payment stablecoin issuers under OCC authority OCC

Old thrift supervisor’s rules on trusts powers removed, but agency retains requirements for explicit permission before powers are exercised

November 26, 2018 0

The Federal Deposit Insurance Corp. (FDIC) is removing from its roster of regulations some old rules on trust powers that were promulgated by the Office of Thrift Supervision (OTS), but it’s modifying FDIC rules to […]

Proposal would require FDIC consent for state savings associations to exercise trust powers

April 9, 2018 0

The federal agency that insures bank deposits is proposing to eliminate regulations written by a long-departed federal thrift regulatory agency regarding state savings associations’ exercise of trust powers. The proposal would also bring state savings […]

Credit union regulator loosens rules on records preservation requirements

June 15, 2026 0

Guidance on records preservation for credit unions concerning the length of time credit unions should retain various types of operational records was removed from the federal regulator’s regulations under a final rule adopted Monday. According to the one-man board of [...]
FinCEN updates guidance on banks’ USA PATRIOT Act info sharing with others

June 15, 2026 0

Updated guidance on how financial institutions are permitted to share information with each other regarding suspected fraud was issued by Treasury’s financial crimes enforcement arm under the USA PATRIOT Act. The Financial Crimes Enforcement Network (FinCEN) on Friday released a [...]
Nearly $400 million in illegal transactions through cryptocurrency money-laundering service leads to arrests of two

June 12, 2026 0

More than $389 million in unlawful transactions allegedly conducted in a cryptocurrency money laundering service has led to the June 10 arrests of two Republic of Georgia residents, the inspector general for the federal bank deposit insurance agency said Friday. [...]