Stop by Daily for What's Hot Right Now in Compliance & Risk for Credit Unions & Banks

The NCUA has announced a proposed rule to establish operational and risk management standards for permitted payment stablecoin issuers, aligning credit union standards with those for bank subsidiaries and inviting stakeholder comments until July 17, 2026. [5/20/26]

On May 6, 2026, the NCUA announced the latest phase of its Deregulation Project, proposing updates to raise asset thresholds for certain management interlocks under DIMIA and streamline share insurance rules by removing obsolete and duplicative regulatory requirements. [5/7/26]

The NCUA announced new proposed regulatory changes under its Deregulation Project to simplify rules around credit union mergers and bank conversions, aiming to reduce burdens and give boards greater flexibility in decision-making. [4/23/26]

The NCUA issued a Request for Information seeking credit union feedback on improving and streamlining key reporting forms (5300, 5310, and 4501A) to reduce compliance burden and refine data collection processes. [4/23/26]

The NCUA is inviting public comment on a proposed deregulatory rule to ease chartering and field-of-membership requirements by allowing more flexible eligibility for associational groups, aiming to reduce burdens and expand opportunities for credit unions. [4/13/26]

The FDIC, OCC, and NCUA invite comments on a proposed rule that would update AML/CFT rules to align with FinCEN and the 2020 AML Act by strengthening risk-based compliance requirements, clarifying program standards and enforcement thresholds, and enhancing coordination with FinCEN, with public comments due within 60 days. [4/13/26]

The NCUA announced the fifth round of proposed regulatory changes under its Deregulation Project, seeking public comment on three proposals to reduce burden, eliminate duplicative or outdated requirements, and increase flexibility for credit unions. [2/11/26]

A 2026 CSI survey finds community banks and credit unions are optimistic and growing, with artificial intelligence their top priority—followed by cybersecurity and digital assets—amid ongoing challenges from technology gaps, fintech competition, and regulatory uncertainty.  [1/29/26]

NCUA approved its 2026 budget, resulting in an average 24.65% decrease in federal credit union operating fees, an increased exemption threshold to $2.16 million in assets, and lower overall fees due to budget reductions, asset growth, and use of prior-year surplus funds. [1/29/26]

The NCUA announced a fourth round of proposed deregulation in January 2026, seeking public comment on four changes that would clarify guidance and remove duplicative or burdensome requirements to give federally insured credit unions greater flexibility while maintaining safety and soundness. [1/29/26]

The NCUA announced its 2026 Supervisory Priorities, reaffirming its “No Regulation by Enforcement” approach while emphasizing risk-based supervision focused on safety and soundness, credit and liquidity risk, fraud and compliance, and more efficient, streamlined examinations to support a resilient credit union system. [1/15/26]

The OCC is seeking public comment on a proposed information collection under the GENIUS Act that would require OCC-regulated payment stablecoin issuers and foreign payment stablecoin issuers to submit weekly reserve and activity reports and quarterly financial condition reports to support regulatory oversight. [6/11/26]

Federal banking regulators jointly updated interagency supervisory documents to remove references to reputation risk, reinforcing that bank supervision should focus on material financial risks rather than potentially subjective concerns that could affect lawful businesses or individuals based on protected beliefs, speech, or activities. [6/4/26]

The FDIC has released a set of FAQs (updated as of May 13th) regarding its regulations on official signage, advertising requirements, and the proper use of its name and logo, noting amendments effective January 29, 2026, with a compliance date of April 1, 2027. [5/20/26]

Federal banking regulators issued revised model risk management guidance that tailors expectations to institution size and complexity, emphasizes sound governance and validation practices, and rescinds earlier related guidance. [4/23/26]

Federal bank regulators finalized a rule lowering the community bank leverage ratio to 8% and extending compliance flexibility, aiming to reduce regulatory burden while maintaining safety and soundness. [4/23/26]

The Office of the Comptroller of the Currency and Federal Deposit Insurance Corporation issued a final rule eliminating reputation risk from supervision, barring actions based on customers’ lawful activities or protected beliefs, and addressing concerns about unfair restrictions on access to banking services. [4/13/26]

The OCC announced two final rules to reduce regulatory burden on community banks by eliminating outdated fair housing data reporting requirements and simplifying licensing procedures for corporate activities. [3/5/26]

The FFIEC will split the Interest Rate Risk Analysis section of the Uniform Bank Performance Report into two pages (9 and 9A) around March 2, 2026, to improve readability following expanded updates made in February 2025. [3/5/26]

The Federal Financial Institutions Examination Council is updating the Uniform Bank Performance Report’s commercial bank peer group definitions around February 26, 2026, as part of a 2025 review led by the Task Force on Surveillance Systems. [2/20/26]

A 2026 CSI survey finds community banks and credit unions are optimistic and growing, with artificial intelligence their top priority—followed by cybersecurity and digital assets—amid ongoing challenges from technology gaps, fintech competition, and regulatory uncertainty.  [1/29/26]

The Federal Reserve and CFPB announced that, based on inflation adjustments, Regulation Z and Regulation M protections will generally apply in 2026 to consumer credit and lease transactions of $73,400 or less. [1/2/26]

FinCEN, together with federal banking regulators and the IRS, issued a joint advisory warning financial institutions about suspicious activity linked to the unlawful employment of unauthorized workers, including identity theft, payroll tax evasion, money laundering, and potential connections to transnational criminal organizations, and requested enhanced SAR reporting on such activity. [6/11/26]

OFAC reached a $1.05 million settlement with FTI Consulting, Inc. for six apparent violations of Russia-related sanctions involving prohibited debt transactions with VTB Bank OAO between 2019 and 2021, determining the conduct was non-egregious and not voluntarily disclosed. [6/4/26]

OFAC has published a new introductory guide explaining how U.S. sanctions programs work, including compliance expectations, licensing procedures, sanctions-list removal processes, and enforcement practices, to help the public better understand and comply with sanctions requirements. [6/4/26]

All organizations that originate ACH payments must implement risk-based fraud detection processes by June 20, 2026, under new Nacha rules designed to strengthen ACH Network fraud prevention, response, and recovery efforts. [6/4/26]

Nacha has launched a new Risk Management Portal feature that allows financial institution administrators to verify required ACH contact information, creating an audit-ready record of verification and helping ensure institutions can be reached quickly regarding suspicious or questionable payments. [6/4/26]

The U.S. Treasury's OFAC has settled with Adani Enterprises Limited for $275 million over 32 violations of Iran sanctions related to the purchase of liquified petroleum gas, with the company failing to heed red flags indicating the gas originated from Iran instead of the claimed sources. [5/20/26]

Nacha is seeking industry input on proposed changes to enhance the ACH Network, including allowing the U.S. Treasury's BFS to join the ACH Contact Registry, clarifying the definition of "Banking Day," and shortening time frames for ACH returns to improve processing efficiency. [5/20/26]

The FFIEC has proposed revisions to the CAMELS rating system to enhance transparency and focus on material financial risks, inviting public comments for 90 days to improve the assessment of financial institutions' safety and soundness. [5/20/26]

The U.S. Treasury's FinCEN has issued a Notice urging financial institutions to be vigilant against human trafficking during the upcoming 2026 FIFA World Cup, highlighting the increased risk of exploitation amidst the influx of visitors and calling for timely reporting of suspicious activities linked to trafficking. [5/13/26]

Financial Crimes Enforcement Network reissued and consolidated its Customer Due Diligence FAQs to align with February’s Exceptive Order, which removed the requirement for credit unions to repeatedly verify business customer information when opening new accounts.

Financial Crimes Enforcement Network is seeking public comment through June 29, 2026, on renewing without changes the existing Bank Secrecy Act information collection requirements that require money services businesses to register with FinCEN using Form 107, renew registrations every two years, and maintain agent lists where applicable. [5/7/26]

FinCEN’s Rapid Response Program has helped recover over $268 million in stolen funds since President Trump’s return to office by coordinating with domestic and foreign partners to quickly disrupt and repatriate cyber-enabled fraud proceeds. [4/23/26]