Regulatory change log

California DFPI Debt Collector License Assessments

Annual assessment invoices for debt collector licenses were issued with a payment deadline of September 30, 2026; failure to pay could lead to license suspension.

NYC SHIELD Debt Collection Rule Compliance Dates

The effective date for the SHIELD debt collection rule is uncertain, with conflicting indications about whether it is September 1, 2026, or January 1, 2027.

Coinme Inc. Settlement for BSA/AML Violations

On October 8, 2026, a settlement was reached with Coinme Inc. , a cryptocurrency operator, imposing a $2.

CRA Performance Evaluations Release

On October 5, 2026, the OCC released CRA performance evaluations for 13 institutions.

Nonbank Industry Advisory Council Launch

On September 29, 2026, CSBS launched the Nonbank Industry Advisory Council to foster dialogue between industry experts and state supervisors.

CFPB Regulation F

Regulation F continues to govern debt collection practices, reinforcing existing compliance obligations.

Notice of Proposed Rule for Payment Stablecoin Issuer Reporting

A proposed rule seeks to amend reporting requirements for payment stablecoin issuers regarding financial reports.

Advance Notice of Proposed Rulemaking on Impersonation Ads

The FTC pursues an update to its rules regarding impersonation of government entities and businesses through advertising.

Maryland Money Transmission Act Update

Effective October 1, 2026, Maryland's law changes the definition of 'money transmitter' to exclude certain agent-of-payor payroll processing arrangements.

FTC Seeks Comments on Impersonation Rule

The FTC is seeking public comments on potential updates to its Impersonation Rule to enhance protections against impersonation scams.

Illinois IDFPR Launches Consumer Financial Complaints Portal

On September 21, 2026, IDFPR announced the launch of a new online portal to streamline consumer financial complaints.

FDIC Proposed Revision of Bank Merger Review Framework

The FDIC proposed an overhaul of its bank merger review framework, including a new 'deemed approval' process for mergers and acquisitions.

FinCEN Geographic Targeting Order

FinCEN issued a Geographic Targeting Order requiring MSBs along the Southwest Border to enhance recordkeeping and reporting requirements.

California Stablecoin Regulation Framework

California established a licensing framework for payment stablecoin issuers, effective October 1, 2026.

Emergency Waiver Petition for Investment Adviser Regulations

The OFR received a request for an emergency waiver of examination and qualification requirements for an associated person of an investment adviser. Comments on the petition are due within five days of publication.

Washington State Proposed Collection Agency Rule Changes

The Washington Department of Licensing announced a public hearing on proposed updates to collection agency regulations, including fee clarifications and increases. New fees are expected to go into effect on January 1, 2027.

NewRez LLC Enforcement Settlement Over Insurance Charges

The Minnesota Department of Commerce announced its participation in a $15. 5 million settlement with NewRez LLC over improper force-placed insurance charges.

Maryland Payroll Processor Exemption

A new law excludes certain payroll processors from being classified as money transmitters under Maryland law, effective October 1, 2026.

Iowa New Mortgage Regulation Adoption

Iowa adopted new regulations for mortgage bankers, brokers, and real estate closing agents on September 16, 2026, effective October 21, 2026.

Maryland Money Transmission Act Change

A change to the Maryland Money Transmission Act, effective October 1, 2026, will exclude certain payroll processors from the definition of 'money transmitter'.

Proposed 3rd Amendment to 11 NYCRR 154

NYDFS published the proposed 3rd amendment to regulation 154, with a comment deadline set for November 23, 2026. This proposed amendment relates to insurance regulations.

H.R. 10184 Approval by House Financial Services Committee

The committee approved H. R.

New York City SHIELD Rule Delay

New York City clarified that the effective date of the SHIELD debt collection rule is postponed to January 1, 2027, instead of September 1, 2026.

Monthly Enforcement Actions

The OCC published its announcement of enforcement actions for September 2026, detailing actions against banks and their affiliates.

Final Order Denying Waiver of Advisers' Qualification

The Florida OFR published a final order denying a waiver concerning the qualification requirements for investment advisers.

CSBS Money Transmission Modernization Act Updates

As of September 3, 2026, 31 states have enacted the CSBS Money Transmission Modernization Act, outlining new standards for money transmitters.

Bilt Consumer Reimbursement Closure

On September 21, 2026, the CFPB closed a matter concerning Bilt after confirming consumer reimbursements were executed. No public enforcement action was taken.

AI Supervisory Framework Announcement

CSBS released a framework designed to help state examiners assess AI use and its associated risks in state-chartered banks and licensed nonbank financial institutions.

California Establishes Permanent Disaster Mortgage Forbearance Requirements

California established permanent requirements for mortgage forbearance in disaster situations, expanding relief to borrowers affected by disasters.

Minnesota AG Settles with Online Tribal Lender

The Minnesota Attorney General reached a settlement with an online tribal lender over alleged usury and predatory lending practices, which requires financial restitution.

Illinois Regulator Fines Two Companies for Unlicensed Student Loan Debt Relief

The Illinois Department of Financial and Professional Regulation fined two companies for allegedly providing unlicensed student loan debt relief services.

Consent Order with Thomas Austin MacArthur

Consent Order issued under the Mortgage Brokers Practices Act related to licensing issues.

Florida New Money Transmitter Rules

Florida published a notice for new rules regarding money transmitters, including requirements for stablecoin certification and electronic filing.

Illinois IDFPR Enforcement Actions Against Debt Relief Companies

IDFPR took enforcement action against two unlicensed debt relief companies, including restitution and penalties.

California DFPI Enforcement Actions

No new enforcement actions were confirmed from the California DFPI during the specified window.

OCC Bulletin 2026-48: Cybersecurity Supervision Work Program

The OCC updated its Cybersecurity Supervision Work Program to enhance framework and risk-based assessments for cybersecurity. These updates aim to bolster the supervision strategy for ensuring financial institutions effectively manage cybersecurity risks.

Oklahoma Money Transmission Modernization Act

The Oklahoma Money Transmission Modernization Act was enacted in 2026, establishing a new licensing and supervisory framework aligned with multi-state modernization.

Illinois Uniform Money Transmission Act Rules

Administrative rules for the Uniform Money Transmission Modernization Act became effective on September 2, 2026, allowing for a more streamlined approach to money transmission regulation.

CFPB Debt Collection Rule (Regulation F)

The CFPB's Debt Collection Rule implements the Fair Debt Collection Practices Act (FDCPA) to regulate the behavior of debt collectors.

Maryland State Collection Agency Licensing Board Meeting Agenda

The board's September 2026 agenda included discussions on enforcement policies and procedures for licensing.

CashCall Inc. Court Ruling

On September 11, 2026, a federal district court denied CashCall's motion for relief under Rule 60(b), affirming the CFPB's post-remand judgment against the company. This ruling solidifies the CFPB's enforcement actions against CashCall.

Georgia Money Transmitter Licensing Changes

Adjustments have been made affecting who must hold a money transmitter license in Georgia.

Maryland Money Transmission Act Amendment

Effective October 1, 2026, Maryland SB 261 changes the definition of 'money transmitter' to exclude certain payroll processing agent transactions.

NMLS September 2026 Release Overview

On September 19, 2026, NMLS announced its September 2026 release focusing on system improvements and updated disclosure requirements. These changes aim to enhance user experience on the platform.

Proposed Third-Party Risk Management Guidance

The OCC opened comments on guidance that will replace existing third-party risk management guidelines.

California DFPI Enforcement Actions

The California DFPI secured penalties and enforced actions including a significant $4 million penalty against Navitas Credit Corp. for unlicensed lending activities.

Final Rule on Unsafe or Unsound Practices

The OCC and FDIC published a final rule defining 'unsafe or unsound practice' under the Federal Deposit Insurance Act, revising the supervisory framework for matters requiring attention.

Virginia Money Transmitter Final Rule Adoption

Virginia adopted final regulations concerning money order sellers and money transmitters following legislative updates.

Consent Order with OKX, Inc.

Texas issued a Consent Order involving OKX, Inc. for violations under the money services business regulations.

OCC Enforcement Actions for September 2026

On September 17, 2026, OCC announced enforcement actions against two institution-affiliated parties for embezzlement and unauthorized debits. This announcement does not involve new regulations, but indicates ongoing oversight.

Maryland Collection Agency Licensing Board Update

The Maryland State Collection Agency Licensing Board announced its role in processing applications, monitoring, and disciplining licensees. This update focuses on administrative responsibilities rather than new enforcement actions.

Illinois Unlicensed Debt-Relief Enforcement Action

Illinois announced enforcement against two companies operating without required licensing in the student loan debt relief space, ordering restitution to consumers.

No New CFPB Rules or Enforcement Actions

There were no new CFPB rule issuances or enforcement actions publicly posted between September 21, 2026 and October 5, 2026.

Final Rule Revising Regulation B for Small Business Lending

The CFPB issued a final rule on May 1, 2026, revising Regulation B concerning data collection for small business lending under section 1071 of Dodd-Frank. This final rule is part of ongoing efforts to ensure transparency and fair access in lending.

Small Business Lending Data Collection Guidance

The HUD released guidance related to the reconsideration of data collection on small business lending under the Dodd-Frank Act. Comments are encouraged to enhance transparency and fair lending.

CFPB Consumer Financial Protection Updates

Between September 25, 2026 and October 9, 2026, no new final rules or enforcement actions were issued by the CFPB. The latest enforcement action recorded was from August 21, 2025.

Final Rule Reducing Regulatory Burden for Community Banks

On September 10, 2026, the OCC announced a final rule increasing eligibility for the 18-month safety and soundness examination cycle for community banks.

Proposed Third-Party Risk Management Guidance

On September 11, 2026, the OCC, FDIC, Federal Reserve, and NCUA issued proposed guidance for managing risks associated with third-party relationships.

Interagency Statement on Community Banks' Engagement with Core Service Providers

On September 11, 2026, a statement was issued regarding supervisory considerations for community banks working with core service providers.

Massachusetts Debt Collection Enforcement Settlement

On September 14, 2026, a settlement was reached providing about $52 million in debt relief to Massachusetts consumers and barring defendants from conducting collection activity in the state.

Connecticut Multistate Settlement with NewRez LLC

On September 1, 2026, Connecticut announced a multistate settlement with NewRez LLC related to noncompliance with lender-placed insurance rules.

FinCEN Geographic Targeting Order for MSBs

On September 2, 2026, FinCEN reissued a Geographic Targeting Order for certain money services businesses (MSBs) along the U. S.

Joint Final Rule on Unsafe or Unsound Practices

On August 27, 2026, the OCC and FDIC issued a joint final rule defining 'unsafe or unsound practice' and revising standards for issuing Matters Requiring Attention (MRAs). The rule limits MRAs to matters likely to cause material harm to a bank's financial condition.

Proposed Rule on MRAs for Violations of Laws

Also on August 27, 2026, the OCC issued a notice of proposed rulemaking to distinguish between substantive and technical violations when issuing MRAs.

Interim Final Rule Increasing Exam Cycle Eligibility

The OCC, FDIC, and Federal Reserve issued an interim final rule increasing the asset threshold for institutions to qualify for an 18-month on-site examination cycle. The threshold was raised from $3 billion to $6 billion.

Proposed Third-Party Risk Management Guidance

On September 11, 2026, the OCC and several federal agencies issued proposed guidance to revise third-party risk management practices.

Reissued Southwest Border GTO for MSBs

On September 2, 2026, FinCEN reissued a Geographic Targeting Order imposing enhanced reporting requirements on certain money services businesses (MSBs) in specified areas.

CRA Evaluation Schedule Issued

On August 31, 2026, the OCC published the Fourth Quarter 2026 and First Quarter 2027 CRA Evaluation Schedule, outlining timelines for Community Reinvestment Act evaluations.

CIP/Digital Credential FAQ

Issued on September 8, 2026, the OCC published FAQs clarifying the use of state-issued mobile driver's licenses and other verifiable digital credentials under the Customer Identification Program.

Third-Party Risk Management (Proposed Guidance)

The OCC, along with other agencies, proposed guidance to revise and replace existing third-party risk management guidelines. This new framework encourages customized risk management approaches based on the assessed risk level of each vendor relationship.

Core Service Providers / Community Bank Supervision Statement

On September 11, 2026, the OCC released guidance on the risk-based supervision of services provided by core service providers to community banks.

Whistleblower Bulletin on Iran-Related Illicit Finance

FinCEN issued a whistleblower bulletin focusing on Iran-related illicit finance, emphasizing the need for vigilance and awareness among financial entities.

FDIC Update on Third-Party Risk Guidance

The FDIC issued a reminder of the existing Interagency Guidance on Third-Party Relationships, which remains the supervisory guidance for third-party risk management.

Expanded Examination Cycle Eligibility

An interim final rule was issued to raise the threshold for qualifying banks for the 18-month on-site examination cycle.

Proposed Third-Party Risk Management Guidance

The OCC, Federal Reserve, and FDIC issued proposed interagency guidance on third-party risk management, intended to replace existing guidance. Comments on this proposal are due 60 days after Federal Register publication.

Reissuance of Southwest Border MSB Geographic Targeting Order

FinCEN reissued a Geographic Targeting Order imposing enhanced recordkeeping and reporting requirements on certain Money Services Businesses along the U. S.

Debt Collection Consent Judgment

The Massachusetts Attorney General filed a proposed consent judgment to permanently bar a debt buyer/operator from collection activities due to several alleged violations.

Closure of the SHIELD Rule's Implementation Delay

The New York City Council confirmed that the SHIELD Rule's effective date has been pushed to January 1, 2027.

Final Rule on Unsafe or Unsound Practices and MRAs

The OCC and FDIC issued a final rule defining 'unsafe or unsound practice' for supervisory purposes and revising the framework for Matters Requiring Attention (MRAs).

Mortgage Performance Report Released

The OCC released its Mortgage Performance Report for Q2 2026, offering insights into the mortgage market's performance metrics.

Suspicious Activity Report Confidentiality Guidance

On September 2, 2026, the OCC released a joint statement clarifying SAR confidentiality requirements. This is particularly relevant for banks when communicating with customers about suspicious activities.

OCC Bulletin 2026-44: FAQs on Verifiable Digital Credentials

The OCC issued FAQs clarifying the use of government-issued digital credentials under the Customer Identification Program (CIP) rule. This guidance impacts how banks verify identities using digital formats.

OCC Cybersecurity Supervision Work Program Update

The OCC updated its Cybersecurity Supervision Work Program structure on September 21, 2026, aligning it with the NIST Cybersecurity Framework. There are no changes to existing procedures.

Geographic Targeting Order for MSBs

FinCEN reissued a Geographic Targeting Order on September 2, 2026, requiring MSBs along the southwest border to file Currency Transaction Reports for cash transactions between $1,000 and $10,000.

Texas Banking Commissioner Consent Orders

Multiple consent orders were issued, prohibiting further participation of individuals in the banking sector.

Credit Repair Scheme Enforcement by FTC

On August 2026, the FTC announced it stopped a large credit-repair scheme that used deceptive marketing tactics.

Texas SML TREO Rule Review

The Texas SML issued a stakeholder notice regarding conceptual rule changes on August 27, 2026.

Joint final rule on unsafe or unsound practices and MRAs

The OCC and FDIC issued a final rule defining 'unsafe or unsound practice' for enforcement purposes and revised the framework for Matters Requiring Attention (MRAs). Unsafe practices must be contrary to generally accepted standards and likely to materially harm a bank's financial condition.

Revised enforcement and supervisory manuals

The OCC released revised internal manuals for bank enforcement actions emphasizing escalation, tailoring, and focus. The revisions stress that supervisory observations do not automatically create remediation expectations.

Geographic Targeting Order for MSBs

FinCEN reissued a Geographic Targeting Order imposing enhanced reporting requirements on certain MSBs along the U. S.

OCC proposal distinguishing substantive vs. technical violations

The OCC proposed a rule to refine the issuance of MRAs by distinguishing between substantive violations, which have meaningful impacts, and technical violations, which do not warrant an MRA.

California DFPI Debt Collection Licensing Act Enforcement

The DFPI is issuing 2026 assessments through NMLS to licensed debt collectors, emphasizing active oversight on net-proceeds reporting.

Licensing Fee Schedule Change in Texas

The Texas Department announced a new licensing fee schedule effective September 1, 2026, affecting mortgage lenders and related entities.

Joint OCC/FDIC Final Rule on Unsafe or Unsound Practices

On August 27, 2026, the OCC and FDIC issued a joint final rule defining 'unsafe or unsound practice' for enforcement purposes. The intent is to clarify supervision and focus on material financial risks.

OCC Revised Enforcement and MRA Policy Manuals

The OCC revised its internal Policies and Procedures Manuals on August 27, 2026, emphasizing three principles for enforcement decisions: escalation, tailoring, and focusing corrective actions on deficiencies.

OCC Proposed Rule on Violations of Laws and Regulations

A notice of proposed rulemaking was issued by the OCC on August 27, 2026, categorizing violations into 'substantive' and 'technical. ' This aims to focus supervisory attention on impactful violations.

FinCEN Geographic Targeting Order Reissuance

On September 2, 2026, FinCEN reissued the Southwest Border MSB Geographic Targeting Order requiring enhanced reporting for certain MSBs in New Mexico and Texas.

Texas Licensing Fee Schedule Announcement

Texas SML issued a new licensing fee schedule effective September 1, 2026, impacting all new applications and renewals.

New York City SHIELD Collection Rule

The SHIELD Collection Rule took effect on September 1, 2026, enhancing local debt collection rules in New York City.

OCC Proposed Rule on Violations of Laws and Regulations

A proposed rule categorizing violations into 'substantive' and 'technical', issued August 27, 2026.

Special Purpose Credit Programs Rescission

The OCC rescinded the 2022 interagency statement on special purpose credit programs under ECOA/Regulation B, clarifying that creditors cannot discriminate on prohibited bases.

Joint Final Rule on Unsafe or Unsound Practices

The OCC and FDIC issued a joint final rule defining unsafe or unsound practices and establishing a standard for issuing Matters Requiring Attention (MRAs).

Revised OCC Enforcement and MRA Manuals

The OCC released revised manuals for bank enforcement actions and Matters Requiring Attention (MRAs), emphasizing transparency and proportional responses.

Proposed Rule on Violations-Based MRAs

A notice of proposed rulemaking to refine conditions under which a Matter Requiring Attention can be issued based on violations of laws.

Geographic Targeting Order Reissued

FinCEN reissued a Geographic Targeting Order for certain money services businesses along the Southwest border, enhancing reporting requirements for cash transactions.

September 2027 National Do Not Call Registry Access Fee Announcement

FTC sets the FY 2027 National Do Not Call Registry access fees for telemarketers, effective October 1, 2026.

Joint Final Rule on Unsafe or Unsound Practices

The OCC and FDIC defined 'unsafe or unsound practice' and revised the framework for issuing Matters Requiring Attention (MRAs). The rule emphasizes that these practices jeopardize financial condition and carry risks to the Deposit Insurance Fund.

OCC Revised Enforcement and MRA Manuals

The OCC revised several manuals, highlighting principles of escalation and tailored enforcement for banks.

OCC Proposed Rule on Violations of Law/Regulation

The OCC proposed a rule categorizing substantive and technical violations in relation to MRAs for banks.

CRA Evaluation Schedule for Q4 2026 and Q1 2027

The OCC published its CRA evaluation schedule for the next two quarters, providing banks with essential planning information.

FinCEN Alert on Digital Asset Investment Scams

FinCEN issued an alert about the rise of digital asset investment scams and urged financial institutions to enhance monitoring.

Reissued Southwest Border MSB Geographic Targeting Order

FinCEN reissued a Geographic Targeting Order that mandates enhanced reporting for cash transactions at MSBs along the southwest border.

CSBS Money Transmission Modernization Act Update

CSBS reported on the enactment of the Money Transmission Modernization Act in 31 states, which streamlines money transmitter licensing.

No New CFPB Rules or Enforcement Actions

During the period from August 23 to September 6, 2026, no new CFPB enforcement actions or rules were issued.

OCC Rescinds Special Purpose Credit Programs Statement

The OCC issued Bulletin 2026-39 on August 25, 2026, rescinding the interagency statement on special purpose credit programs.

Final Rule on Unsafe or Unsound Practices

OCC and FDIC issued Bulletin 2026-40 on August 27, 2026, defining 'unsafe or unsound practices' and refining Matters Requiring Attention (MRA).

Revised OCC Enforcement and MRA Manuals

On August 27, 2026, the OCC revised its internal Policies and Procedures Manuals related to enforcement actions and MRAs.

FinCEN Geographic Targeting Order for MSBs

FinCEN reissued a Geographic Targeting Order for MSBs on September 2, 2026, enhancing recordkeeping and reporting requirements.

Revision of SAR Confidentiality Guidance

A joint statement regarding SAR confidentiality was issued on September 2, 2026 by FinCEN and other agencies.

Texas Licensing Fee Schedule Change

Texas announced a licensing fee schedule effective September 1, 2026.

Connecticut Debt Negotiation Enforcement Action

Connecticut's Department of Banking took enforcement action against CDS Debt Relief LLC on August 21, 2026, for unlicensed debt negotiation practices.

NYC SHIELD Debt Collection Rule Delay

The effective date of NYC's SHIELD Rule, initially set for September 1, 2026, has been postponed to January 1, 2027.

OCC Bulletin 2026-39: Rescission of Interagency Statement on Special Purpose Credit Programs

The OCC rescinded the 2022 interagency statement regarding special purpose credit programs under ECOA/Regulation B. Creditors are instructed not to rely on the 2022 statement.

OCC Bulletin 2026-40: Final Rule on Unsafe or Unsound Practices

The OCC issued a final rule defining 'unsafe or unsound practice' and creating uniform standards for Matters Requiring Attention (MRAs). The rule clarifies that reputation risk unrelated to financial condition is excluded.

OCC Bulletin 2026-41: Revised Policies and Procedures Manuals

The OCC released revised internal supervisory procedures manuals for bank enforcement actions and MRAs, aligning with the recent final rule.

OCC Bulletin 2026-42: Proposed Rulemaking on MRAs for Violations of Laws and Regulations

The OCC proposed a rule distinguishing between substantive and technical violations for issuing MRAs, limiting MRAs only to substantive violations.

FinCEN Reissued Southwest Border MSB GTO

FinCEN reissued the Geographic Targeting Order (GTO) placing enhanced recordkeeping and reporting requirements on certain MSBs located along the U. S.

Massachusetts Reminder on Money Transmitter Licensing Requirements

Reminder issued by the Massachusetts Division of Banks stressing that entities required to be licensed under M. G.

CSBS MTMA Update

The CSBS updated its tracking of the Money Transmission Modernization Act, indicating 31 states have enacted the law partially or entirely as of August 2026.

OCC Action to Revise Supervisory Manuals

The OCC revised its policies and procedures manuals governing enforcement actions and MRAs to support a more transparent approach.

OCC Proposed Rule on MRAs

The OCC proposed a rule to codify its approach regarding MRAs tied to legal and regulatory violations.

FTC Settlement with Doxo

The FTC announced a settlement with Doxo for misleading search ads related to billing services.

FTC Proposed Enforcement Policy Statement on Personalized Pricing

The FTC seeks comment on a draft enforcement policy statement addressing personalized pricing based on consumer data.

FinCEN Proposal of Special Measure

FinCEN proposed a special measure regarding Banque Misr UAE amid concerns over money laundering activities.

NMLS August 2026 Phase Three Release

NMLS released major updates enhancing the regulator's workspace and improving task management for licensing.

California Insurance Law § 2356 Implementation

New California law mandates insurers to notify clients about premium increases upon renewal.

Georgia DBF Regulatory Actions Update

No new regulations were confirmed as effective or proposed after August 14, 2026, due to a database update delay.

Final Rule Amending Regulation B

On April 22, 2026, the CFPB issued a final rule amending Regulation B under the Equal Credit Opportunity Act (ECOA), removing the 'effects test' and stating that ECOA does not recognize disparate-impact liability.

Final Rule Revising Small Business Lending Rule

On May 1, 2026, the CFPB revised the small business lending rule under ECOA/Section 1071, changing coverage, data points, and compliance timing.

OCC Bulletin 2026-39 - Rescission of Interagency Statement

On August 25, 2026, the OCC rescinded the 2022 interagency statement on special purpose credit programs under ECOA, clarifying that creditors may not discriminate on prohibited bases.

OCC Bulletin 2026-40 - Unsafe or Unsound Practices Rule

On August 27, 2026, the OCC and FDIC issued a final rule defining 'unsafe or unsound practice' for supervisory communications.

OCC Bulletin 2026-41 - Revised Enforcement Manuals

The OCC released revised enforcement manuals on August 27, 2026, aligning with changes in supervisory rules.

OCC Bulletin 2026-42 - Proposed Rule on Violations

A proposed rule issued by the OCC on August 27, 2026, seeks to categorize legal and regulatory violations.

FinCEN Guidance on Hospice Fraud Engagement

FinCEN held an engagement to combat hospice fraud on August 19, 2026, emphasizing the need for awareness regarding fraudulent activities.

NMLS August 2026 Release

NMLS Phase 3 modernization changes went live on August 15, 2026, affecting state-licensed individuals and companies.

Maryland OFR Guidance on Occupational License Requests

Maryland issued guidance on August 19, 2026, regarding pre-determination requests for occupational licenses including money transmission.

Maryland OFR Guidance on Kiosk Fees

On August 25, 2026, Maryland OFR provided guidance on calculating fees for virtual currency kiosks under money transmission laws.

Illinois IDFPR Proposed Rule on Student Loan Servicing

IDFPR issued a first notice for the Student Loan Servicing Rights Act on August 21, 2026, beginning the rulemaking process.

Kentucky DFI Agreed Order against QC Financial Services

On August 24, 2026, Kentucky DFI imposed a $3,000 civil penalty against QC Financial Services for exceeding transaction limits.

Montana DFI License Denial for Sonia Lozano

On August 26, 2026, the Montana DFI issued a License Denial to Sonia Lozano for a mortgage loan originator.

Special Purpose Credit Programs: Rescission of Interagency Statement

The OCC rescinds an interagency statement regarding special purpose credit programs, signaling a regulatory shift.

Unsafe or Unsound Practices and Matters Requiring Attention: Final Rule

The OCC and FDIC issued a joint final rule to define 'unsafe or unsound practice' and revise the supervisory framework for MRAs.

Revised Policies and Procedures Manuals for Bank Enforcement Actions

Substantial revisions to the OCC's internal manuals for enforcement actions and MRAs were introduced.

SHIELD Debt Collection Rule Amendment

The New York City Department of Consumer and Worker Protection amended the effective date of the SHIELD debt collection rule.

August 2026 NMLS System Update

NMLS introduced an update that affects the individual licensing process and streamlines communications.

Proposed Changes to Student Loan Servicing Rights Act

IDFPR proposed changes to align with the Student Loan Servicing Rights Act.

Amended Consent Order Against Chesterfield State Bank

An amended consent order was issued against Chesterfield State Bank as part of enforcement actions.

Rescission of 2022 Interagency Statement on Special Purpose Credit Programs

The OCC rescinded the 2022 Interagency Statement which had permitted certain special purpose credit programs under ECOA and Regulation B. This change clarifies that creditors must not discriminate based on prohibited bases and should not reference the rescinded statement.

Final Rule on Unsafe or Unsound Practices

The new joint final rule, which defines unsafe or unsound practices and revises the issuance of Matters Requiring Attention (MRAs), was published by the OCC. This focuses on measurable financial risks rather than nonfinancial issues.

Proposed Rule to Revoke Banque Misr UAE's Correspondent Banking Access

FinCEN proposed a rule under section 311 of the USA PATRIOT Act to revoke Banque Misr UAE's access to correspondent banking in the U. S.

FTC Settlement with Manchester City Nissan

The FTC announced a $4 million settlement with Manchester City Nissan over deceptive advertising practices related to dealership fees.

Final Adoption of 8th Amendment to Insurance Regulation 213

New York DFS finalized the 8th Amendment to Insurance Regulation 213 regarding principle-based reserving for insurance entities.

NMLS Phase Three Modernization Deployment

CSBS announced the deployment of Phase Three of NMLS modernization to enhance task management and communication for state licensing.

Rescission of Special Purpose Credit Programs Guidance

The OCC rescinded the 2022 interagency statement regarding Special Purpose Credit Programs under ECOA/Regulation B. This indicates a shift in supervisory expectations for banks concerning prior interagency guidance.

Joint Final Rule on Unsafe or Unsound Practices

The OCC and FDIC issued a joint rule defining 'unsafe or unsound practices' for enforcement and supervision, focusing on material financial risks. This rule aims to clarify supervisory concerns and streamline enforcement actions.

Revised OCC Enforcement and MRA Manuals

The OCC released revised manuals for enforcement actions and Matters Requiring Attention (MRAs), modifying the approach to enforcement and supervisory considerations.

Geographic Targeting Order for MSBs

FinCEN reissued a Geographic Targeting Order requiring enhanced reporting for certain Money Services Businesses (MSBs) in designated areas.

New York City's SHIELD Rule Delay

The NYC Department of Consumer Affairs announced that the SHIELD Rule's effective date is now January 1, 2027, instead of September 1, 2026.

Washington State Licensing Changes

Washington State's RCW 19. 16.

Massachusetts Money Transmission Law Reminder

The Massachusetts Division of Banks issued a regulatory notice reminding entities of the licensing requirements under the new Money Transmission Law.

OCC Rescission of Special Purpose Credit Programs Statement

The OCC rescinded the 2022 interagency statement on Special Purpose Credit Programs under ECOA and Regulation B. This change clarifies that creditors may not discriminate on prohibited bases and should not rely on the previous 2022 statement.

OCC Final Rule on Unsafe or Unsound Practices

The OCC and FDIC issued a joint final rule defining 'unsafe or unsound practice' for enforcement and supervisory purposes, introducing a uniform standard for Matters Requiring Attention (MRAs).

Revised OCC Policies and Procedures Manuals

The OCC issued revised Policies and Procedures Manuals for bank enforcement actions and MRAs in alignment with the final rule on unsafe or unsound practices.

Proposed Rule for Violations-Based MRAs

The OCC issued a notice of proposed rulemaking to refine the issuance of Matters Requiring Attention (MRAs) based on violations of laws and regulations.

FinCEN Geographic Targeting Order for MSBs

FinCEN reissued a Geographic Targeting Order (GTO) imposing enhanced reporting requirements on MSBs in designated areas along the U. S.

Requests for Comment on Personalized Pricing Enforcement Policy

The FTC is seeking public comment on an enforcement policy statement regarding personalized pricing, which affects advertising and pricing disclosures.

California DFPI Enforcement Action Against Navitas

Navitas was ordered to pay a $4 million penalty for unlicensed lending activities under California Financing Law.

NMLS Phase 3 Modernization Changes

Phase 3 of NMLS modernization was deployed, focusing on state agency task management and enhanced communication for licensing processes.

Ohio Revised Money Transmitter Law Compliance

The Ohio Department of Commerce has updated its money transmitter laws to require additional disclosures and compliance measures.

Utah repeals charitable solicitation registration requirement

Utah eliminated its charitable organization registration requirement effective May 1, 2024. Charities no longer file a solicitation permit with the Division of Consumer Protection, though professional fundraiser registration and general consumer-protection rules still apply.

Effective May 1, 2024.

California AB 488: charitable fundraising platforms must register with the Attorney General

Under AB 488, online charitable fundraising platforms and platform charities soliciting for California donors must register and report annually with the California Attorney General's Registry of Charities and Fundraisers, with good-standing checks on the charities they feature.

Effective January 1, 2023.

Kansas moves charitable registration from the Secretary of State to the Attorney General

Kansas transferred administration of the Charitable Organizations and Solicitations Act from the Secretary of State to the Attorney General. Charities soliciting in Kansas now register and renew with the Attorney General's office.

Effective January 1, 2023.

New York raises the CHAR500 audit threshold and moves annual filings online

New York's audit requirement for the CHAR500 annual filing now applies at $1 million or more in gross revenue and support, and the Charities Bureau requires annual filings to be submitted through its online portal.

Effective July 1, 2021.