On August 11, 2026, FinCEN issued a final rule that permanently removes the requirement for U.S. companies and U.S. persons to report beneficial ownership information to FinCEN under the Corporate Transparency Act. FinCEN also announced that it will delete previously reported information by U.S. persons from the beneficial ownership information database.

Aug 12
Aug 12 OCC Backs Efforts to Expand De Novo Bank Chartering

Adam Witmer

Regulatory Update

On August 11, 2026, the OCC said it continues to prioritize reinvigorating de novo chartering to promote a robust and diverse banking system and support the U.S. economy. The agency also commended the FDIC for its recent efforts to establish a clearer and more transparent process for reviewing deposit insurance applications.

Aug 11
Aug 11 HUD Proposes to Remove Disparate-Impact Liability Under Title VI

Adam Witmer

Regulatory Update, Fair Lending

On August 10, 2026, the HUD issued a supplemental notice of proposed rulemaking to remove provisions in HUD's Title VI implementing regulations that impose disparate-impact liability on recipients of HUD Federal financial assistance. This supplements the January 2026 proposed rule to remove HUD's disparate-impact regulations and leave interpretation of disparate-impact liability under the Fair Housing Act to the courts.

Aug 10
Aug 10 FinCEN Renews Minnesota GTO

Adam Witmer

Regulatory Update, BSA

On August 7, 2026, FinCEN renewed its Geographic Targeting Order (GTO) designed to combat fraud in Minnesota and protect U.S. taxpayers. In early January, the Agency issued a Geographic Targeting Order requiring all banks and money transmitters located in Hennepin County and Ramsey County, Minnesota, to file reports with FinCEN of certain international funds transfers of $3,000 or more.

Aug 5
Aug 5 FDIC Launches New Office of Supervisory Appeals

Adam Witmer

Regulatory Update

On August 4, 2026, the FDIC announced the launch of a new Office of Supervisory Appeals (OSA) panel comprised of independent officials who will consider and resolve appeals of material supervisory determinations brought before the agency. The OSA is a standalone office within the FDIC and replaces the Supervision Appeals Review Committee as the final level of review of material supervisory determinations.

Aug 5
Aug 5 Paoletta Becomes CFPB Acting Director

Adam Witmer

Regulatory Update

On August 4, 2026, the Ballard Spahr reported that CFPB Deputy Director Mark Paoletta became the Bureau’s Acting Director following the expiration of Russell Vought’s service as Acting Director on August 1. Meanwhile, President Trump’s nominee to permanently lead the CFPB, Brian Johnson, is still awaiting Senate confirmation.

Aug 4
Aug 4 FinCEN Imposes $125M Penalty on UBS for BSA Violations

Adam Witmer

Regulatory Update, BSA

On August 3, 2026, FinCEN assessed a $125,000,000 civil money penalty against UBS Financial Services Inc. (UBSFS) for willful violations of the Bank Secrecy Act. According to FinCEN’s press release, this is the largest penalty ever imposed against a broker-dealer for BSA violations to date.

Aug 3
Aug 3 Agencies Issue Joint Proposal to Amend Community Reinvestment Act Rules

Adam Witmer

Regulatory Update, CRA

On July 31, 2026, the OCC and FDIC issued a joint proposal to amend parts of the Community Reinvestment Act (CRA). The proposed changes are intended to better align the regulations with the statutory mandate, help ensure community development activities benefit their intended communities, reduce burden particularly for community banks, and provide greater clarity on how banks can receive CRA consideration.

Aug 3
Aug 3 FDIC Proposes to Increase Extensions of Credit to Insiders

Adam Witmer

Regulatory Update, Regulation O

On July 31, 2026, the FDIC issued a proposed rule that would adjust certain lending thresholds for executive officers and other insiders of FDIC-supervised institutions. Federal laws currently set strict parameters for lending to these individuals and their related interests at FDIC-supervised institutions.

Jul 28
Jul 28 FinCEN’s Statement of Enforcement Policy to Support Venezuela’s Economic Recovery and Relief

Adam Witmer

BSA, Regulatory Update

On July 27, 2026, FinCEN issued a statement of enforcement policy in support of economic recovery and earthquake relief efforts in Venezuela. The statement was made in consultation with the Internal Revenue Service, Federal Reserve, FDIC, NCUA, and OCC.

Aug 12
Aug 12 FinCEN Removes Beneficial Ownership Reporting Requirements for Small Business Owners

Aug 12
Aug 12 OCC Backs Efforts to Expand De Novo Bank Chartering

Aug 11
Aug 11 HUD Proposes to Remove Disparate-Impact Liability Under Title VI

Aug 10
Aug 10 FinCEN Renews Minnesota GTO

Aug 5
Aug 5 FDIC Launches New Office of Supervisory Appeals

Aug 5
Aug 5 Paoletta Becomes CFPB Acting Director

Aug 4
Aug 4 FinCEN Imposes $125M Penalty on UBS for BSA Violations

Aug 3
Aug 3 Agencies Issue Joint Proposal to Amend Community Reinvestment Act Rules

Aug 3
Aug 3 FDIC Proposes to Increase Extensions of Credit to Insiders

Jul 28
Jul 28 FinCEN’s Statement of Enforcement Policy to Support Venezuela’s Economic Recovery and Relief

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