FDIC Approves Proposed Rule on State Bank Parity

Paula Parras
Regulatory Update

On September 17, 2026, the FDIC Board of Directors approved a notice of proposed rulemaking that would amend the agency’s regulations to promote parity between state banks and national banks. The proposed rule recognizes parity between out-of-State State banks and national banks concerning the application of host State laws when State banks provide services outside of their chartering State. 

VIDEO: Reg E - Don't Require a Written Notice

VIDEO: Reg E - Don't Require a Written Notice

Adam Witmer
Regulation E

In this Compliance Clip (video), Adam discusses a common Regulation E error involving how financial institutions handle consumer error claims. He explores why requiring written notice before taking action can create compliance concerns and highlights key considerations for staff, policies, and procedures. A transcript of this video is now available.

Fed’s OIG Reports on CFPB Workforce and Contract Actions

Adam Witmer
Regulatory Update

On August 26, 2026, the Federal Reserve’s Office of Inspector General published a report on the impacts of certain CFPB workforce and contract actions on the Bureau's operations, such as employee dismissals and stop-work orders, had on agency operations. The OIG’s review focused on the high-level effects of these actions, not the agency’s compliance with laws or regulations, which is the subject of ongoing litigation.

VIDEO: Consumer Negligence for Reg E Disputes

VIDEO: Consumer Negligence for Reg E Disputes

Adam Witmer
Regulation E

In this Compliance Clip (video), Adam discusses how consumer negligence can (or cannot) be considered when conducting an investigation of an “error” under Regulation E. Specifically, he answers two questions regarding a customer being negligent in handling their PIN as well as whether a financial institution can add language to their account disclosures that limit a consumers liability. A transcript of this video is now available.

FinCEN Issues FAQs on Treatment of Verifiable Digital Credentials Under the CIP Rule

Adam Witmer
Regulatory Update

On September 8, 2026, FinCEN issued answers to two new Frequently Asked Questions (FAQs) and updated one existing FAQ that address the use of state-issued mobile driver’s licenses (mDLs) and other government-issued verifiable digital credentials, which may be used to verify identities of natural person customers under the Customer Identification Program (CIP) Rule.  The FAQs were issued jointly with the Federal Reserve, FDIC, NCUA, and OCC. 

FinCEN Issues Alert on Iranian Aviation Procurement

Adam Witmer
Regulatory Update, BSA

On September 8, 2026, FinCEN issued an Alert to assist financial institutions in identifying and reporting procurement networks supporting Iran’s aviation industry, which the Iranian regime uses to transport weapons, funds, and personnel in support of the Islamic Revolutionary Guard Corps (IRGC) and its terrorist proxies. In conjunction with the alert, OFAC sanctioned 36 targets, including 27 Iranian airlines, for supporting Iran’s aviation sector, which the regime uses to move weapons, personnel, and illicit cargo. 

Load More