On May 7, 2026, the OCC released its Spring 2026 edition of the publication Semiannual Risk Perspective. The publication addresses key issues facing banks, focusing on those that pose threats to the safety and soundness of banks and their compliance with applicable laws and regulations. 

On May 6, 2026, the NCUA announced the eleventh round of proposed regulatory changes associated with its Deregulation Project. The project is an ongoing review of NCUA’s regulations to ensure that regulations are focused on credit unions’ safety, soundness, and resilience.

On May 1, 2026, Federal Reserve Vice Chairman Michelle W. Bowman,  at a Financial Stability Oversight Council (FSOC) roundtable, discussed the increasing use of artificial intelligence (AI) in the banking industry and the need for balanced regulatory oversight. Bowman highlighted that AI is increasingly used in financial institutions for cybersecurity, operations, and customer services, providing major efficiency and security advantages.

On April 22, 2026, HUD Secretary Scott Turner and FHFA Director William J. Pulte announced that the Federal Housing Administration, Fannie Mae, and Freddie Mac are implementing their first new credit score models for mortgages. According to the FHFA’s press release, the move is intended to lower costs for the American people after years of rising prices under the status quo credit score system. 

On April 8, 2026, Fannie Mae issued Lender Letter (LL-2026-04), establishing a governance framework for the use of artificial intelligence (AI) and machine learning (ML) by Single-Family Seller/Servicers. The guidance reflects the growing role of AI/ML in mortgage origination and servicing, while emphasizing the need for responsible deployment aligned with legal, ethical, and risk management standards. 

On April 17, 2026, the OCC, in coordination with the Federal Reserve System and the FDIC, issued updated model risk management guidance for OCC-supervised institutions. This is part of the  OCC’s ongoing efforts to reduce unnecessary burden and promote risk-based examination across institutions of all sizes.