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Treasury Should Preserve State-Federal Parity in Stablecoin Regulation
October 20, 2026 / Source: CSBS
Washington, D.C. – The U.S. Department of the Treasury’s proposed rule to implement the GENIUS Act’s safe harbor provision threatens parity between state and federal stablecoin issuers, the Conference of State Bank Supervisors (CSBS), the National Conference of State Legislatures, the National Association of State Credit Union Supervisors, and the Money Transmitter Regulators Association said in…
U.S. Treasury Identifies $270 Million in Suspicious Activity Linked to Federal Student Aid Fraud
October 19, 2026 / Source: U.S. Department of the Treasury
October 19, 2026 FinCEN Refers Findings to Federal Investigators to Combat Fraud and Protect Taxpayer Dollars WASHINGTON – The U.S. Department of the Treasury announced today that its Financial Crimes Enforcement Network (FinCEN) has identified approximately $270 million in suspicious financial activity potentially linked to fraud against federal student aid programs. FinCEN has referred these…
FTC Issues Annual Report to Congress on Agency’s Actions to Protect Older Adults
October 19, 2026 / Source: FTC
The Federal Trade Commission issued its latest report to Congress on protecting older adults, which highlights key trends based on fraud reports submitted by older adults and the FTC’s efforts to combat the problem. The report, Protecting Older Consumers 2025-2026, details the FTC’s efforts to stop unfair or deceptive acts or practices that impact older…
FTC Sends More than $9.8 Million to Consumers Harmed by Walmart’s Failure to Stop Scammers that Used its Wire Transfer Services to Take Millions from Customers
October 16, 2026 / Source: FTC
The Federal Trade Commission is sending payments totaling more than $9.8 million to consumers harmed by Walmart’s alleged failure to stop scammers that took hundreds of millions of dollars from U.S. consumers using the company’s wire transfer services. In June 2025, Walmart settled FTC charges that the company failed to implement effective anti-fraud policies and…
FSB finalises sound practices for the responsible adoption of artificial intelligence (AI)
October 15, 2026 / Source: FSB
Ref: 14/2026 The Financial Stability Board (FSB) today published its final report on Sound Practices for Responsible Adoption of Artificial Intelligence, reflecting public feedback received on a consultative version of the report, published in June 2026. The report identifies 12 sound practices to help financial institutions harness the benefits of AI while managing its risks…
Operation Economic Outcast Targets Iranian Regime’s Abuse of Religious Charity Networks
October 15, 2026 / Source: FinCEN
Immediate Release October 15, 2026 Today, as part of Operation Economic Outcast, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued an Alert asking financial institutions to report potential Iranian regime abuse of religious charity networks, including diversion of religious tithes, or khums. Resources
FCC Votes to Give Consumers More Choice in the Calls They Receive
October 15, 2026
New Rules Make It Easy to Opt-Out of Calls Consumers Don’t Want Without Missing Those They Do WASHINGTON, September 30, 2026—The Federal Communications Commission voted today to give consumers more control over the calls they receive. These changes will modernize rules to ensure consumers have clear, simple, and automated ways to revoke consent for calls…
CFPB Announces New Initiative to Address OCC-Uncovered Debanking by Large Banks
October 14, 2026 / Source: CFPB
Today, the Consumer Financial Protection Bureau (CFPB) announced the next step in its work to advance President Trump’s fight against the debanking of businesses and individuals on the basis of their constitutionally protected rights, including support of President Trump, MAGA, pro-life causes, and industries disfavored by the Left. The CFPB will address any consumer harm…
OCC Releases Report on Large Banks’ Debanking Activities
October 14, 2026 / Source: OCC
WASHINGTON—The Office of the Comptroller of the Currency (OCC) today released a report of its findings from its supervisory review of debanking activities at the nine largest national banks it supervises: JPMorgan Chase Bank, Bank of America, Citibank, Wells Fargo Bank, U.S. Bank, Capital One, PNC Bank, TD Bank, and BMO Bank. The OCC conducted…
State Regulators Seek Mortgage Loan Originators Input on National Licensing Test
October 13, 2026 / Source: CSBS
October 12, 2026 Washington, D.C. – The Conference of State Bank Supervisors (CSBS) today launched a job analysis survey to gather information from state-licensed mortgage loan originators (MLOs). The survey will help ensure the SAFE MLO National Test continues to remain current and reflects the work MLOs perform. MLOs nationwide will receive an email invitation from…
Minutes of the Board’s discount rate meetings on August 17, September 9, and September 16, 2026
October 13, 2026 / Source: Federal Reserve
The Federal Reserve Board on Tuesday released the minutes from its recent meetings to review and determine the discount rates provided to depository institutions through the discount window. Today’s minutes cover the Board meetings that occurred on August 17, September 9, and September 16, 2026. The Board’s process for setting the discount rate is distinct…
Federal Reserve Board releases results of the 2025 Survey of Consumer Finances, which provides the public and policymakers with detailed insights into the economic condition of American families
October 9, 2026 / Source: Federal Reserve
The Federal Reserve Board on Friday released the results of the 2025 Survey of Consumer Finances, which provides the public and policymakers with detailed insights into the economic condition of American families. The data provide a representative picture of what Americans own, how and how much they borrow, and how they bank. The current version…
First-Party Fraud: Nacha Wants Your Input
October 9, 2026 / Source: Nacha
First-party fraud isn’t new, but today it’s gaining increasing attention. In fact, a Nacha work group recently identified three main scenarios of first-party fraud, each of which has one underlying theme: a person falsely claiming to their financial institution (the RDFI) that an authorized debit is unauthorized, and the RDFI returns the debit (generally using…
State Financial Regulators Reach $2.5 Million Settlement with Crypto Kiosk Operator
October 8, 2026 / Source: CSBS
Washington, D.C. – Thirty-four state financial regulatory agencies have reached a $2.5 million settlement with Coinme Inc., (NMLS ID 1185542) a Seattle-based cryptocurrency money transmitter and kiosk operator, for violations of Bank Secrecy Act (BSA) and anti-money laundering (AML) laws that safeguard the financial system from illicit use. Under the terms of the settlement, Coinme…
Mortgage Rates Average 7.40%
October 8, 2026 / Source: Freddie Mac
MCLEAN, Va., Oct. 08, 2026 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 7.40%. “As market conditions continue to evolve, borrowers should remember that shopping around for a mortgage rate and getting multiple quotes can potentially save them…
Minutes of the Federal Open Market Committee, September 15-16, 2026
October 7, 2026 / Source: Federal Reserve
The Federal Reserve on Wednesday released the minutes of the Federal Open Market Committee meeting that was held on September 15–16, 2026. The minutes for each regularly scheduled meeting of the Committee are generally published three weeks after the day of the policy decision. The descriptions of economic and financial conditions contained in these minutes…
Comptroller Gould Announces New Efforts to Combat Financial Fraud in Minnesota
October 7, 2026 / Source: OCC
WASHINGTON—Comptroller of the Currency Jonathan V. Gould convened a panel of community bankers in Minneapolis, Minnesota, October 6 to discuss ongoing efforts to combat financial fraud. The Comptroller’s visit supports the Trump Administration’s priority to eliminate fraud and protect Americans from illicit activity. In a discussion with local community bankers, the Comptroller discussed recent financial…
New Technologies Bring Threats and Opportunities to Community Banks
October 6, 2026 / Source: Conference of State Bank Supervisors
Washington, D.C. – Emerging technologies are having a sizeable impact on community banks, according to the 2026 Conference of State Bank Supervisors’ (CSBS) Annual Survey of Community Banks. Net interest margins and core deposit growth remained the top two external risks, with nearly 60% of community bankers voicing concern about the potential impact of stablecoins…
Speech: Modernizing the Regulatory and Supervisory Landscape
October 6, 2026 / Source: Board of Governors of the Federal Reserve System
Modernizing the Regulatory and Supervisory Landscape Vice Chair for Supervision Michelle W. Bowman At the 2026 Community Banking Research Conference, sponsored by the Federal Reserve System, the Conference of State Bank Supervisors, and the Federal Deposit Insurance Corporation, St. Louis, Missouri Watch Live Good morning. It is good to be here with you this morning…
Treasury Reports Major Progress in Preventing Fraud and Improper Payments
October 6, 2026 / Source: U.S. Department of the Treasury
Do Not Pay Reaches 99% of Federal Programs and New Safeguards Verify Over $3.7 Trillion in Payments WASHINGTON — The U.S. Department of the Treasury and the Bureau of the Fiscal Service announced significant Fiscal Year 2026 results from Treasury’s efforts to prevent fraud and improper payments to better protect taxpayer dollars, fulfilling key requirements of Executive…
SEC to Host Virtual National Compliance Outreach Seminar for Investment Companies and Investment Advisers
October 6, 2026 / Source: U.S. Securities and Exchange Commission
The Securities and Exchange Commission’s Compliance Outreach Program announced today that it will host a virtual national seminar for investment companies and investment advisers on November 19, 2026. The purpose of the event is to help chief compliance officers and senior personnel at investment advisory firms and investment companies enhance their compliance programs to protect…
FinCEN Announces Withdrawals of Proposed Digital Asset Related Rules
October 5, 2026 / Source: FinCEN
The Financial Crimes Enforcement Network (FinCEN) is withdrawing the following proposed rules that would have imposed certain regulatory requirements on financial institutions related to certain digital assets, specifically convertible virtual currencies: FinCEN has considered the comments submitted in response to these proposals and is withdrawing them as part of the Trump Administration’s deregulatory agenda…
Nacha: It’s Time to Fulfill a New Rules Requirement
October 5, 2026 / Source: Nacha
Thanksgiving isn’t too far off (it seems like it was just July 4) and before you know it 2027 will be here. When New Year’s Day arrives, it brings with it a new Nacha Rules requirement. But it’s one that should be easy to fulfill. In fact, you can do it right now, well before…
Community Bank Optimism Slips as Economic Uncertainty Grows
October 5, 2026 / Source: CSBS
Washington, D.C. – Community banker outlook on future conditions remained positive despite dropping for the fourth consecutive quarter, according to the 2026 third quarter results of the Community Bank Sentiment Index (CBSI), released by the Conference of State Bank Supervisors (CSBS) today. The nine-point drop from the prior quarter marked one of the largest in…
FDIC Issues List of Banks Examined for CRA Compliance
October 5, 2026 / Source: FDIC
WASHINGTON—The Federal Deposit Insurance Corporation (FDIC) today issued its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act (CRA). The list covers evaluation ratings that the FDIC assigned to institutions in July 2026. The CRA is a 1977 law that requires the FDIC to assess a bank’s record of meeting the…