All tagged Article

FATF Updates List of Deficient Countries (11/21/25)

Paula Parras
BSA, Regulatory Update

On November 21, 2025, FinCEN released an advisory on the FATF-identified jurisdictions with AML/CFT/CPF deficiencies. This advisory informs U.S. financial institutions about jurisdictions the Financial Action Task Force (FATF) has identified as having strategic deficiencies in their anti-money laundering, countering the financing of terrorism, and countering the financing of proliferation (AML/CFT/CPF) regimes.

CFPB Announces Year-End Furloughs and Transfer of Enforcement Work to DOJ

Adam Witmer
Regulatory Update

On November 20, 2025, the Government Executive reported that the CFPB will furlough much of its workforce on December 31, 2025, and transfer its remaining litigation and enforcement cases to the DOJ. This development follows the administration’s decision to stop drawing funds from the Federal Reserve, the statutory mechanism that has historically supported the bureau’s operations.

Fed Enhances Bank Oversight to Prioritize Material Risks

Adam Witmer
Regulatory Update

On November 18, 2025, the Federal Reserve Board released information regarding enhancements to bank supervision. According to the announcement, the new supervisory operating principles have been distributed to supervisory leadership and staff across the Federal Reserve System with the primary goal of ensuring that examiners identify, prioritize, and act on the risks that matter most—while doing so in a timely and proportionate manner.

OCC Updates the SCRA Booklet

Adam Witmer
Regulatory Update

On November 13, 2025, the OCC issued version 1.1 of the “Servicemembers Civil Relief Act” booklet of the Comptroller’s Handbook. The booklet provides information and procedures for examiners in connection with the consumer protections that servicemembers are eligible for under the Servicemembers Civil Relief Act (SCRA).

FinCEN Flags Ten Mexican Casinos as Major Money Laundering Risks

Adam Witmer
Regulatory Update, BSA

On November 13, 2025, FinCEN issued a finding and notice of proposed rulemaking that identifies transactions involving ten identified Mexico-based gambling establishments as a class of transactions to be of primary money laundering concern. FinCEN proposes to limit these gambling establishments' access to the U.S. financial system by prohibiting covered financial institutions from opening accounts for foreign banks that process transactions for these ten gambling establishments.

FFIEC Publishes 2024 CRA Data

Adam Witmer
CRA, Regulatory Update

On November 13, 2025, the federal bank regulatory agencies, as members of the Federal Financial Institutions Examination Council (FFIEC), released the 2024 Small Business, Small Farm, and Community Development Lending Data. The analysis was conducted using data compiled for banks, savings and loan associations, and savings banks reporting under the CRA regulations.

CFPB Issues Proposed Amendments to the 1071 Rule

Adam Witmer
Regulatory Update, Regulation B

On November 13, 2025, the CFPB issued proposed revisions to certain provisions of Regulation B, subpart B, implementing changes to the Equal Credit Opportunity Act made by section 1071 of the Dodd-Frank Act. The CFPB believes the proposed changes would streamline the rule, reduce complexity for lenders, and improve data quality, advancing the purposes of section 1071 and complying with recent executive directives.

Load More