Jul 17
Jul 17 ON SALE: Adverse Action Requirements

Our Adverse Action Requirements class is currently on sale in our store. This program takes a deep dive into everything you and your team need to know about adverse action notices. In this program, we review the adverse action requirements of both Reg B and FCRA, explain disclosure requirements under the FCRA mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act), and discuss common adverse action violations. Plus, our Adverse Action Requirements has been pre-approved by the ABA for 4.5 CRCM/CERP continuing education credits. To learn more about this program, go to: www.compliancecohort.com/adverse-action-requirements

Jul 16
Jul 16 Agencies Issue Joint Statement on Handling of Highly Sensitive Information During Examinations

Adam Witmer

Regulatory Update

On July 16, 2026, the FDIC, Federal Reserve, and OCC issued a joint statement detailing enhanced security procedures for reviewing highly sensitive information during bank examinations. These new protocols include reviewing such materials on-site to minimize cybersecurity risks rather than transferring them onto agency systems.

Jul 16
Jul 16 Vought Calls for Enhanced CFPB Oversight

Adam Witmer

Regulatory Update, UDAAP

On July 15, 2026, CFPB Acting Director Russell Vought testified before House lawmakers, recommending that Congress enact legislation to better define "unfair, deceptive, or abusive acts or practices" and fund the bureau through congressional appropriations to ensure greater responsiveness to elected officials. Additionally, he announced that the bureau is nearing the proposal of a new open banking rule.

Jul 14
Jul 14 Agencies Issue Guidance on Lending to Individuals Not Legally Authorized to Work in the U.S.

Adam Witmer

Regulatory Update

On July 13, 2026, the FDIC, OCC, and NCUA issued guidance to remind supervised financial institutions of their existing obligations with respect to credit risk management, particularly as it relates to borrowers who are not legally authorized to work in the United States. The guidance was issued consistent with President Trump’s Executive Order 14406, Restoring Integrity to America’s Financial System to mitigate systemic risks associated with lending and providing services to individuals who are inadmissible or subject to removal.

Jul 12
Jul 12 EARN CEs: BSA Annual Update Spring 2026

Adam Witmer

Earn 4.75 CRCM/CERP/CAFP continuing education credits with our BSA Annual Update Spring 2026 (see the link below for more information). The BSA Annual Update covers all of the BSA Activity that occurred during the prior year, April 2025 through March 2026, helping to ensure you haven’t missed anything that could affect your BSA/AML program. The program also includes a special discussion on FinCEN’s recent exemptive relief related to beneficial ownership requirements. This class is a great way to show regulators that your BSA team is receiving training that helps them “remain informed of changes to regulatory requirements,” as expected in the FFIEC BSA Exam manual. Plus, our BSA Annual Update (Spring 2026) is currently on sale with an “early bird” discount. Enroll in the program at: https://www.compliancecohort.com/bsa-annual-update.

Jul 9
Jul 9 CFPB Requests Information on Promoting Access to Mortgage Credit

Adam Witmer

Regulatory Update, TRID

On July 9, 2026, the CFPB issued a notice of request for information about potential regulatory changes that may reduce regulatory burdens and promote access to mortgage credit, as appropriate and consistent with applicable law. Specifically, the CFPB is requesting information on industry and consumer burdens related to TILA-RESPA integrated disclosures (TRID), the right of rescission, and reverse mortgage disclosures.

Jul 8
Jul 8 Federal Reserve Proposes Amendments to AML Program Requirements

Adam Witmer

BSA, Regulatory Update

On July 7, 2026, the Federal Reserve Board issued a proposal to amend its requirements for banks to maintain anti-money laundering programs. According to the Fed’s press release, the amendments are intended to align with changes to anti-money laundering program requirements separately proposed by the other agencies.

Jul 6
Jul 6 CFPB 2026 Rulemaking Agenda

Adam Witmer

Regulatory Update

The CFPB recently released its 2026 Regulatory Plan and Unified Agenda, which outlines the Bureau's anticipated regulatory priorities for the coming year. These updates provide critical insight for financial institutions regarding the evolving regulatory landscape and upcoming compliance expectations.

Jul 6
Jul 6 FDIC Proposes to Amend the Disclosure of Information Regulations

Adam Witmer

Regulatory Update

On June 25, 2026, the FDIC Board of Directors approved a notice of proposed rulemaking to amend Part 309 of its regulations governing the disclosure of confidential information by the FDIC and other entities. The proposed rule would update, clarify, and supplement the FDIC's regulations regarding the disclosure of confidential information by the FDIC and other parties without seeking prior authorization from the FDIC.

Jul 1
Jul 1 FinCEN Issues Supplemental Alert on Fuel Smuggling and Tax Evasion

Adam Witmer

BSA, Regulatory Update

On June 30, 2026, FinCEN issued a supplemental Alert regarding fuel smuggling and tax evasion schemes on the southern border associated with Mexico-based cartels. The Alert advises financial institutions to be vigilant in detecting, identifying, and reporting suspicious activity connected to Cartel de Jalisco Nueva Generacion (CJNG) and other Mexico-based transnational criminal organizations.