The OCC issued joint FAQs on September 8, 2026, regarding the use of state-issued mobile driver's licenses and digital verifiable credentials under the Customer Identification Program rule.
What changed
Clarified compliance expectations for onboarding/KYC programs with digital identity verification.
Compliance perspective
Financial institutions should update their KYC procedures to incorporate guidelines for digital credentials.
Key date
Effective date: September 8, 2026.
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