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Federal Reserve Board requests comment on proposals to enhance the transparency and public accountability of its annual stress test
October 26, 2025 / Source: Board of Governors of the Federal Reserve System
Consistent with its prior statement, the Federal Reserve Board on Friday requested comment on proposals to enhance the transparency and public accountability of its annual stress test. The proposals seek comment on: the stress test models; changes to the framework that guides the design of the hypothetical scenarios; and the hypothetical scenarios for the upcoming…
Treasury Sanctions Colombian President Gustavo Petro and His Support Network
October 26, 2025 / Source: US Department of the Treasury
October 24, 2025 WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is designating Gustavo Francisco Petro Urrego (Gustavo Petro), the President of Colombia, pursuant to counternarcotics-related authorities. In addition, OFAC is also designating several supporters of Gustavo Petro, namely his wife, his son, and a close associate. “Since President Gustavo Petro…
Mortgage Rates Decrease to Lowest Level in Over a Year
October 23, 2025 / Source: Freddie Mac
MCLEAN, Va., Oct. 23, 2025 (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 6.19%. “Mortgage rates continued to trend down this week, hitting their lowest level in over a year,” said Sam Khater, Freddie Mac’s Chief Economist. “At the start of 2025,…
FinCEN Identifies $9 Billion of Iranian Shadow Banking Activity in 2024
October 23, 2025 / Source: FinCEN
Immediate ReleaseOctober 23, 2025WASHINGTON—Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued a Financial Trend Analysis (FTA) identifying approximately $9 billion of potential Iranian shadow banking activity that occurred through U.S. correspondent accounts in 2024, based on reporting from U.S. financial institutions. This FTA, which supports President Trump’s maximum pressure campaign…
Treasury Sanctions Major Russian Oil Companies, Calls on Moscow to Immediately Agree to Ceasefire
October 22, 2025 / Source: Treasury
WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is imposing further sanctions as a result of Russia’s lack of serious commitment to a peace process to end the war in Ukraine. Today’s actions increase pressure on Russia’s energy sector and degrade the Kremlin’s ability to raise revenue for its…
Speech by Governor Barr on community development finance
October 22, 2025 / Source: FRB
Let me thank the Opportunity Finance Network for the invitation to be part of this gathering.1 Unfortunately, I could not join you in person, but I’m pleased to be able to offer a few words to celebrate the legacy of Community Development Financial Institutions (CDFIs)—a legacy rooted in opportunity, innovation, and commitment to communities that have…
SBA Releases State-Level Analysis of Shutdown Impact on Small Business Lending
October 22, 2025 / Source: SBA
WASHINGTON, D.C. – Today, the U.S. Small Business Administration released a state-level analysis of how small businesses have been impacted by the federal shutdown, which has frozen the agency’s core 7(a) and 504 small business lending programs. For fiscal year 2025 (FY25), the SBA guaranteed a record 84,400 loans, reaching $45 billion in capital for Main Street. Each business day…
Speech – Embracing New Technologies and Players in Payments
October 21, 2025 / Source: FRB
Thank you, Susan, and good morning, everyone. It is my pleasure to welcome you to the Federal Reserve Board for our first Payments Innovation Conference.1 My objective in creating this conference is twofold. First, I wanted to have a conference that focused on the new technologies that have come from the defi and crypto worlds and…
New Mortgage Compliance Dataset Moves Closer to Implementation with Launch of CSBS/MISMO Tech Sprint
October 21, 2025 / Source: CSBS
Washington, D.C. – The Conference of State Bank Supervisors (CSBS) and the Mortgage Industry Standards Maintenance Organization (MISMO) today opened registration for the Mortgage Compliance Dataset (MCD) Tech Sprint kickoff event. The MCD is designed to streamline supervisory compliance examinations for residential mortgage loans. State supervisors, mortgage lenders, loan origination system providers, mortgage compliance vendors, and other interested mortgage technology companies are…
Treasury Sanctions Terrorist Viv Ansanm Affiliates
October 19, 2025 / Source: Treasury
WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is sanctioning Dimitri Herard (Herard) for his support to the Haitian gang coalition, Viv Ansanm. Also designated today is Kempes Sanon (Sanon), leader of the Bel Air gang, one of the constituent gangs in the Viv Ansanm alliance. Viv Ansanm contributes to the violence and instability…
Agencies Announce Withdrawal of Principles for Climate-Related Financial Risk Management
October 16, 2025 / Source: FDIC
WASHINGTON — The federal bank regulatory agencies today announced the withdrawal of interagency Principles for Climate-Related Financial Risk Management for Large Financial Institutions. The agencies do not believe principles for managing climate-related financial risk are necessary because the agencies’ existing safety and soundness standards require all supervised institutions to have effective risk management commensurate with…
Interest Rate Risk:Â Interest Rate Risk Statistics Report
October 16, 2025 / Source: OCC
Summary The Office of the Comptroller of the Currency (OCC) today published the fall 2025 edition of the Interest Rate Risk Statistics Report. The report presents interest rate risk data gathered during examinations of OCC-supervised midsize and community banks and federal savings associations (collectively, banks). The statistics are for informational purposes only and do not represent…
Fair Housing Act:Â Update to Fair Housing Lender Posters
October 15, 2025 / Source: OCC
Summary This bulletin informs banks1 of updates to the Office of the Comptroller of the Currency’s (OCC) Equal Housing Lender poster template in accordance with Executive Order 14224 (EO 14224) “Designating English as the Official Language of the United States.” Note for Community Banks This bulletin applies to all banks subject to the Fair Housing Act….
Resolution Readiness and Lessons Learned from Recent Large Bank Failures
October 15, 2025 / Source: FDIC
Introduction I want to start by thanking the Single Resolution Board (SRB) for inviting me to speak at this important and timely conference. This year’s conference is especially noteworthy because we are commemorating the 10th anniversary of the Single Resolution Mechanism (SRM). Together, the SRB and SRM form an important pillar of the European banking union and have…
Speech – Innovation at the Speed of AI
October 15, 2025 / Source: FRB
Thank you for the opportunity to speak to you today about artificial intelligence (AI).1 AI is a powerful and rapidly advancing technology that has captured everyone’s attention. If you’ve watched enough sci-fi, you know that major technological change is usually either dystopian or utopian—the robots either take over the world or improve it. These polarized views…
Statement from U.S. Secretary of the Treasury Scott Bessent for the World Bank Development Committee and IMF International Monetary and Financial Committee
October 15, 2025 / Source: Treasury
As we convene for this year’s Annual Meetings, the United States looks forward to working closely with partners around the world to confront today’s global economic challenges and secure a future underpinned by growth and stability. Achieving success will require collaboration with international financial institutions that are highly effective, efficient, and accountable in implementing their…
U.S. Federal Housing Requests Input on New Strategic Plan
October 15, 2025 / Source: FHFA
Washington, D.C. — Consistent with its statutory requirements and President Trump’s executive orders, U.S. Federal Housing is asking the public for feedback on its proposed Strategic Plan for FY 2026–2030. The new Plan proposes three strategic goals for the Agency: Input on the Plan is due by November 5, 2025, and should be submitted via the…
FinCEN Issues Final Rule Severing Huione Group from the U.S. Financial System
October 14, 2025 / Source: FinCEN
Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued a final rule that severs Cambodia-based Huione Group from the U.S. financial system. Huione Group serves as a critical node for laundering proceeds of cyber heists carried out by the Democratic People’s Republic of Korea and for transnational criminal organizations in Southeast…
Speech – Understanding the Fed’s Balance Sheet
October 14, 2025 / Source: FRB
Thank you, Emily. And thank you to the National Association for Business Economics for the Adam Smith Award. It is an honor just to be mentioned alongside past recipients, including my predecessors Janet Yellen and Ben Bernanke. Thank you for this recognition and for the opportunity to speak with you today. Monetary policy is more…
Comptroller Issues Statement on Federal Reserve Board’s Action to Provide Clarity on Capital Instruments for Mutual Banking Organizations
October 13, 2025 / Source: OCC
WASHINGTON—Comptroller of the Currency Jonathan V. Gould issued the following statement today following the Federal Reserve Board’s release of guidance to provide clarity on capital instruments for mutual banking organizations: The OCC commends the Federal Reserve Board for its recent action to support mutual banking organizations by providing clarification regarding mutual capital certificates and alternative…
Frequently Asked Questions Regarding Suspicious Activity Reporting Requirements
October 13, 2025 / Source: FDIC
Summary: The Financial Crimes Enforcement Network (FinCEN), jointly with the Board of Governors of the Federal Reserve System (Federal Reserve), the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation (FDIC), and the National Credit Union Administration (each an “Agency” and collectively the “Agencies”) is issuing answers to frequently asked questions (FAQs)…
FinCEN Issues Frequently Asked Questions to Clarify Suspicious Activity Reporting Requirements
October 9, 2025 / Source: FinCEN
WASHINGTON —Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued answers to four Frequently Asked Questions (FAQs) to clarify certain requirements related to suspicious activity reports (SARs). By issuing these FAQs, FinCEN is ensuring financial institutions are not needlessly expending resources on efforts that do not provide law enforcement and national security agencies with…
Community Banking: Looking Toward the Future
October 9, 2025 / Source: FRB
As we wrap up today’s conference, I would like to thank all of the moderators and presenters on today’s panels. And of course, Secretary Bessent for sharing his perspectives on community banks, and the many community bankers, and state bank regulators and others who attended today’s event in person or virtually. I would also like…
Treasury Takes Aim at Iran-Backed Militia Groups Threatening the Safety of Americans
October 9, 2025 / Source: Treasury
WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is taking action against individuals and companies that assist the Iranian regime in evading U.S. sanctions, smuggling weapons, and engaging in widespread corruption in Iraq. The Iranian regime relies on various Iraqi militia proxies, including U.S.-sanctioned foreign terrorist organization Kata’ib Hizballah,…
Speech – Community Banking: The Cornerstone of Building Communities
October 8, 2025 / Source: FRB
Thank you for the invitation to speak to you today.1 I value the opportunity to spend time with community bankers and fellow federal and state bank regulators. This conference, now in its 13th year, is always a great forum for those interactions. All of us benefit from the research presented here, which helps us understand the…