On August 25, 2026, the FDIC, NCUA, OCC, CFPB, HUD, DOJ, and FHFA rescinded the “Interagency Statement on Special Purpose Credit Programs Under the Equal Credit Opportunity Act and Regulation B” issued on February 22, 2022. The 2022 Interagency Statement encouraged creditors to offer special purpose credit programs and provided guidance on their permissibility.

Aug 25
Aug 25 President Trump Designates New NCUA Chair

Adam Witmer

Regulatory Update

On August 24, 2026, John Crews was sworn-in as the fourteenth Chairman of the National Credit Union Administration (NCUA). Crews was designated by President Donald Trump following his confirmation by the Senate as a member of the NCUA Board of Directors.

Aug 24
Aug 24 FinCEN Holds Engagement to Eliminate Hospice Fraud in California

Adam Witmer

BSA, Regulatory Update

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.

Aug 21

Aug 21 VIDEO: Flood Notice Timing

Adam Witmer

Flood

In this Compliance Clip (video), Adam explores an important question about the timing of the flood notice when a loan involves property located in a high-risk flood zone. He discusses what lenders should consider when determining how far in advance the notice should be provided and highlights guidance that can help lenders avoid potential compliance issues. A transcript of this video is now available.

Aug 20
Aug 20 Comptroller Gould Highlights Digital Asset Innovation and GENIUS Act Progress

Adam Witmer

Regulatory Update

On August 19, 2026, Comptroller of the Currency Jonathan Gould participated in a Fireside Chat at the Wyoming Blockchain Symposium. During the discussion, Gould provided an update on the OCC’s ongoing efforts to foster economic growth and establish the United States as a global leader in the digital asset and currency revolution.

Aug 18
Aug 18 Treasury Issues Proposed Rule on the Offering and Sale of Payment Stablecoins

Adam Witmer

Regulatory Update

On August 17, 2026, the Treasury issued a proposed rule related to its implementation of section 3 of the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act. In particular, the Treasury is seeking comments on the proposed framework for the statutory prohibitions and limitations on payment stablecoin issuance, offer, and sale in the United States.

Aug 17
Aug 17 CFPB Stops Discretionary Publication of Complaint Narratives and Visualizations

Adam Witmer

Regulatory Update

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.

Aug 17
Aug 17 FinCEN Analysis Shows Nearly $5 Billion in Human Smuggling Funds Flagged

Adam Witmer

BSA, Regulatory Update

On August 13, 2026, FinCEN issued a Financial Trend Analysis showing that financial institutions flagged nearly $5 billion linked to suspected human smuggling over a three-year period. The report analyzed 67,540 BSA reports associated with suspected human smuggling activity filed between January 1, 2023 and December 31, 2025

Aug 14

Aug 14 VIDEO: What Should Board Flood Training Include

Adam Witmer

Flood

In this Compliance Clip (video), Adam discusses what effective flood compliance training for a Board of Directors should include and why finding the right level of detail can be challenging. He explains the unique role Directors play in overseeing flood compliance and the importance of providing training that is meaningful without overwhelming them with regulatory details. A transcript of this video is now available.

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

Adam Witmer

BSA, Regulatory Update

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 26
Aug 26 Agencies Rescind Statement on Special Purpose Credit Programs

Aug 25
Aug 25 President Trump Designates New NCUA Chair

Aug 24
Aug 24 FinCEN Holds Engagement to Eliminate Hospice Fraud in California

Aug 21 VIDEO: Flood Notice Timing

Aug 20
Aug 20 Comptroller Gould Highlights Digital Asset Innovation and GENIUS Act Progress

Aug 18
Aug 18 Treasury Issues Proposed Rule on the Offering and Sale of Payment Stablecoins

Aug 17
Aug 17 CFPB Stops Discretionary Publication of Complaint Narratives and Visualizations

Aug 17
Aug 17 FinCEN Analysis Shows Nearly $5 Billion in Human Smuggling Funds Flagged

Aug 14 VIDEO: What Should Board Flood Training Include

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

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