On July 22, 2026, FinCEN announced that it is extending the comment period for the notice of proposed rulemaking (NPRM) it published in June to amend the existing definition of Huione Group to include H-Pay Service PLC and any successor entity. The extension is due to a technological issue that prevented the public from electronically filing comments for several days.

Jul 22
Jul 22 FinCEN Director Gacki Testifies on National Security

Adam Witmer

BSA, Regulatory Update

On July 21, 2026, FinCEN Director Andrea Gacki testified before the United States House of Representatives Committee on Financial Services. Gacki provided an update on FinCEN’s work to combat fraud schemes and its efforts to modernize the Bank Secrecy Act (BSA) regime to address illicit finance threats.

Jul 20
Jul 20 HUD Withdraws OGC Guidance Documents

Adam Witmer

Regulatory Update

On July 17, 2026, the HUD published a Notice in the Federal Register to withdraw several Office of General Counsel (OGC) has withdrawn the guidance documents. The withdrawal of these non-binding guidance documents is part of the Department’s broader regulatory reform and deregulatory efforts.

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 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 23
Jul 23 FinCEN Announces Extension of Comment Period for Huione Group Proposed Rule

Jul 22
Jul 22 FinCEN Director Gacki Testifies on National Security

Jul 20
Jul 20 HUD Withdraws OGC Guidance Documents

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

Jul 16
Jul 16 Vought Calls for Enhanced CFPB Oversight

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

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

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

Jul 6
Jul 6 CFPB 2026 Rulemaking Agenda

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

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