banking
Every record this desk has filed under banking, newest first, each with the number of sources it can still show you.
Protected benefits need a way back that people can actually use
Treasury is seeking comment on an existing notice for accounts containing federal benefits. That is no new protection. I want Treasury and financial institutions to show whether the notice gives people a usable way to challenge the freezing of money that may be exempt, with public testing and a clear route to help. A paperwork estimate cannot answer that question.
Also filed underopinioninequalitybenefitsdebt-collectionaccess-to-justice
CFPB announces investigations into whether large banks' account decisions violated consumer law
The CFPB said October 14 that it will investigate whether banks identified in an OCC report, and other banks, violated consumer financial protection laws through account or credit decisions. Its announcement cites notice requirements and other protections. It announces investigations, rather than findings against a named customer account, a penalty or an award of compensation.
Also filed undercfpbconsumer-protectioninvestigationscredit
The bank gets 90 days and a sentence that says it admits nothing. The immigrant gets 15 business days and a postmark.
In one week the federal government wrote down two theories of accountability. A bank its regulator found had processed about $13 billion in suspected trade-based money laundering activity from 2014 to 2025 got a negotiated $350 million penalty, 90 days to write a plan and the right to neither admit nor deny. A person who willfully fails to leave after a removal order faces up to $998 a day, assessed at the maximum as a uniform practice, with 15 business days to get an appeal postmarked to the same agency. That is not two policies. It is one.
Also filed underopiniontwo-tier-justiceimmigrationenforcement
FDIC extends comments on proposed bank insider credit thresholds to November 4; the lending changes remain proposed
A notice published October 9 extends the FDIC's comment deadline on bank insider lending thresholds from October 5 to November 4. The August proposal would raise certain dollar limits and update them every five years while retaining capital-based limits. This notice gives the public more time to respond; it does not put the proposed lending changes into effect.
Also filed underfdicinsider-lendingpublic-commentsrulemaking
Federal Reserve gives the public 30 more days, until November 4, to comment on its proposed rewrite of the rules on bank loans to their own executives and directors
The Federal Reserve extended the comment period on its proposal to rewrite Regulation O, the rule on loans banks make to their own executives and directors, to November 4, 30 days past the original October 5 deadline. The Board says commenters requested more time and gives no other reason. The proposal, which is not in effect, would raise decades-old dollar limits — among them the board-approval threshold, from $500,000 to $2 million. Comments citing Docket No. R-1896 are due November 4, through the Board's website or its Washington office.
Also filed underfederal-reserveregulation-oinsider-loansrulemaking
FinCEN withdraws two proposed crypto rules on international mixing and unhosted-wallet transactions, effective October 6
Two notices published October 6 withdraw FinCEN proposals from 2023 and 2020. One ends a proposed reporting measure for international virtual-currency mixing and withdraws its underlying finding; the other ends proposed requirements for transactions involving unhosted or otherwise covered wallets. They withdraw proposals, rather than repealing finalized requirements, and do not settle the status of other crypto obligations.
Also filed underfincencryptocurrencymoney-launderingtreasury
FinCEN proposes barring US financial institutions from transmitting funds involving named sub-agents of Russia-linked A7 Network, comments due 30 days after Oct. 5 publication
FinCEN, the Treasury Department's financial-crimes unit, proposed a rule October 2 that would bar U.S. banks and other covered institutions from sending or receiving funds through named sub-agents of the A7 Network, which FinCEN calls a Russia-linked sanctions-evasion network. The proposal, set to publish October 5, follows Treasury's October 1 sanctions action against the network itself. Comments are due 30 days after publication — by this desk's count, around November 4 — through regulations.gov docket FINCEN-2026-0265.
Also filed underfincensanctionsrussiamoney-launderingtreasury
In two days, federal banking regulators let 188 more banks go eighteen months between examinations and proposed to rescind the third-party risk rules they wrote in 2023 — one effective before anyone could comment, the other resting on what banks told them.
On September 10 the Federal Reserve, FDIC and OCC issued an interim final rule raising the asset threshold for an extended 18-month examination cycle from $3 billion to $6 billion. It took effect on publication, September 14, without prior comment; comments close October 14. The agencies estimate about 188 more institutions become eligible, bringing the total to 4,016. They acknowledge in the rule that a longer cycle 'creates a longer window during which emerging problems could develop before being detected' and conclude it would not 'appreciably' raise failure risk, without defining the word or attaching a number. No savings estimate is given either. The next day the same agencies, joined by the NCUA, proposed guidance that would replace the 2023 interagency third-party risk guidance and four further documents, on the stated ground that the 2023 guidance 'frequently has been interpreted in an overly broad manner' — a diagnosis sourced to stakeholder feedback, with no study cited. Governor Michael S. Barr dissented.
Also filed underfederal-reservefdicoccsupervisionthird-party-risk
A record appears here because it carries banking in its own tags. If a record you expected is missing, it was filed under a different subject — the full list is on the topics index.