All in 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. 

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.