All in Regulatory Update

On August 27, 2026, the OCC and FDIC issued a final rule that continues their effort to focus examiners’ and institutions’ attention on material financial risks and compliance with banking and banking-related laws and regulations. The final rule establishes a uniform definition for the term “unsafe or unsound practice” for the purposes of the agencies’ enforcement actions and supervisory activities.

On August 17, 2026, FinCEN held an outreach event bringing together law enforcement and financial sectors to address health care benefits fraud, specifically focusing on the exploitation of hospice care services. Participants discussed new and emerging health care fraud schemes targeting federal and state health insurance programs, associated financial typologies and red flag indicators, and opportunities to boost awareness around hospice care fraud.

On August 14, 2026, the CFPB announced that it is ceasing publication of unverified complaint narratives and visualizations. The Bureau stated that publishing unverified complaint narratives and related data visualizations in the Consumer Complaint Database is discretionary and provides limited value because the information is one-sided, unverified, and may create a misleading picture of companies’ legal compliance.