Welcome to the Compliance Cohort. We are a group of compliance professionals working to make compliance easier. Our goal is to take complex compliance concepts and put them in simple terms that apply to the real world. We are glad you have found us and look forward to collaborating in the future.
If you haven't done so already, make sure you sign up for our free membership where you get access to many member-only videos, articles, and other resources.
All in Regulatory Update
In this Compliance Clip, Adam provides a high-level overview of the CFPB’s November 2025 proposed revisions to the Section 1071 small business data collection rule. While the proposal signals a significant shift from the March 2023 final rule, key details remain unsettled and could have meaningful implications for financial institutions. Watch the video as Adam briefly discusses what’s changing, what’s still uncertain, and why these proposed revisions deserve close attention.
On February 3, 2026, Massachusetts Attorney General Andrea Joy Campbell filed a lawsuit against cryptocurrency kiosk operator Bitcoin Depot Inc. and Bitcoin Depot Operating LLC for allegedly using misleading and deceptive sales tactics to overcharge consumers, knowingly facilitating crypto scams, refusing to issue refunds to scam victims, and deceiving investors about the level of scam activity on Bitcoin Depot kiosks.
On February 23, 2026, the Federal Reserve Board issued a proposed rule to codify the removal of reputation risk from its supervision of banks. The Board’s action follows its earlier actions regarding that removal and reiterates its policy against penalizing or prohibiting an institution from banking a customer engaged in legal activity.
On January 29, 2026, the FDIC issued a final rule amending its signage requirements for insured depository institutions' (IDIs) digital deposit-taking channels and automated teller machines (ATMs) and like devices. The final rule addresses implementation issues and sources of potential confusion raised following the adoption of signage requirements for these banking channels in 2023.
On January 27, 2026, the NCUA announced its fourth round of proposed regulatory changes as part of its Deregulation Project. The Agency is requesting comments on four proposals that would clarify agency guidance or eliminate unduly burdensome or duplicative requirements in the Code of Federal Regulations.
On January 14, 2026, the NCUA announced its 2026 Supervisory Priorities, which it said would continue the agency’s policy of “No Regulation by Enforcement,” while prioritizing safety and soundness. According to the Agency, it will continue to focus on risk-based supervision, tailoring the examination scope to the credit union’s unique risk profile.
On January 16, 2026, the Regulatory Report reported that the CFPB will discontinue its email service for notifying users about changes to Home Mortgage Disclosure Amendment (HMDA) requirements, starting January 20, 2026. According to the report, the Bureau cited "operational constraints" as the reason for discontinuation but did not provide any details about what these "operational constraints" were.
On January 12-13, 2026, FinCEN hosted the first meeting of the Transnational Organized Crime Working Group (TOC-WG). The group brings together representatives from 16 financial intelligence units (FIUs) committed to enhancing cooperation to identify and disrupt transnational organized crime.
On January 14, 2026, the HUD issued a proposed rule to remove its discriminatory effects regulations and leaving to courts questions related to interpretations of disparate impact liability under the Fair Housing Act. The proposal to remove disparate impact liability aligns with E.O. 14281issued in April 2025 titled “Restoring Equality of Opportunity and Meritocracy.”
On January 13, 2026, the NCUA Board released a third set of proposed rules as part of its ongoing effort to streamline regulations and reduce unnecessary compliance burden for federal credit unions (FCUs). The proposals would remove interpretations and regulations the Board views as outdated or duplicative.
