On September 12, 2022, the FTC announced that it will conduct its first meeting with the newly formed Scams Against Older Adults Advisory Group on September 29, 2022 together with the representatives from federal and state government agencies, and from industry and consumer advocates. The advisory group was created as part of the Stop Senior Scams Act passed in March of this year.

On September 9, 2022, FinCEN issued a summary of the FDIC and FinCEN Digital Identity Tech Sprint (Tech Sprint) Demonstration Day which happened on April 4, 2022. Early in 2022, the FDIC and FinCEN announced a Tech Sprint to develop solutions for financial institutions and regulators to help measure the effectiveness of digital identity proofing—the process used to collect, validate, and verify information about a person.

On September 7, 2022, Acting Comptroller of the Currency Michael J. Hsu was invited to speak at the TCH + BPI Annual Conference where he talked about the importance of safeguarding trust in banking. According to Hsu, the OCC’s key priorities, including guarding against complacency, addressing inequality, adapting to digitalization, and managing climate-related risk, reflect what he sees as the key long-term threats to trust in banking. In his remarks, Hsu provided an update on each key priority.

On September 6, 2022, the OCC released its strategic plan for fiscal years (FY) 2023-2027. The OCC’s strategic plan outlines its approach to achieve three strategic goals and fulfill its mission to ensure that national banks and federal savings associations operate in a safe and sound manner, provide fair access to financial services, treat customers fairly, and comply with applicable laws and regulations.

On September 1, 2022, the CFPB published a blog post warning consumers that scammers are using CFPB employee’s names and imagery to try and steal money from consumers. According to the CFPB, they have confirmed that several people, specifically older adults, were defrauded thousands of dollars from scammers pretending to be with the CFPB.

On August 30, 2022, the FDIC updated sections of the Consumer Compliance Examination Manual. The Consumer Compliance Examination Manual is a primary resource and reference tool for FDIC compliance examination staff when conducting Consumer Compliance and CRA examinations. It incorporates examination policies, procedures, and guidance and is available on the FDIC website as a resource for FDIC staff, bankers, and other members of the public.

On August 26, 2022, the FTC published its FY 2022-2026 Strategic Plan and its FY 2021-2023 Performance Report and Performance Plan as required under the GPRA Modernization Act of 2010. The Strategic Plan sets the FTC’s priorities over the next years and will serve as the foundation for annual performance reporting, while the Annual Performance Plan establishes strategies and targets based on the new Strategic Plan.