Regulatory Updates
Updates the regulatory team is monitoring across the verticals we file in. Effective dates, severity, and impact in one feed.
CSBS described 2026 NMLS changes on May 6, 2026, including revised disclosure questions and improved employment relationship management. The notice also said affected individuals should complete updates by August 31, 2026 in preparation for the 2027 NMLS annual renewal period.
CSBS updated its Money Transmission Modernization Act tracker in August 2026 and reported that 31 states had enacted the law in full or in part. The tracker is not a binding rule, but it is a useful current map of where state money transmitter standards are changing.
On July 21, 2026, the FTC announced a proposed order against Dennise Merdjanian over an alleged student loan forgiveness scam. The order would permanently ban her from the debt relief industry and telemarketing, and it includes a monetary judgment of more than $45.
The NMLS Release Notes history page lists a July 18, 2026 release overview and related industry enhancements. No additional official NMLS public release was identified between July 19 and August 2, 2026, but the July 18 changes were active during that period.
On July 27, 2026, FinCEN issued a statement of enforcement policy in support of Venezuela's economic recovery and earthquake relief efforts. The item appears targeted to corridor-specific activity rather than a broad AML program change.
On July 31, 2026, the OCC issued Bulletin 2026-36, a notification on a statement of enforcement policy in support of Venezuela's economic recovery and earthquake relief efforts. The item appears targeted and operational rather than a broad prudential rule change.
On July 30, 2026, the OCC issued Bulletin 2026-34, Community Bank use Ratio: Updated Community Bank Compliance Guide. The bulletin updates supervisory guidance tied to the community bank use ratio framework.
The CFPB's settlement with RAB Performance Recoveries remains a key federal precedent for treating unlicensed state debt collection activity as a deceptive practice issue. The Bureau said the company pursued collections and judgments in states where it lacked required licenses, and the order barred collection on affected judgments and payment agreements while imposing a civil money penalty.
OCC Interpretive Letter 1192, dated May 12, 2026, states that national banks are not required to comply with state money transmitter licensing requirements where those requirements would condition the exercise of federally authorized banking powers. The letter remained an important federal-state boundary issue during the July 18 to August 1, 2026 period.
The June 6, 2023 Interagency Guidance on Third-Party Relationships: Risk Management remained the controlling federal third-party risk framework during the July 18 to August 1, 2026 period. The guidance rescinded and replaced the FDIC's 2008 third-party risk guidance and sets expectations for planning, due diligence, contract negotiation, ongoing monitoring, and termination.
On July 16, 2026, the OCC issued Bulletin 2026-33 announcing a revised Comptroller's Handbook booklet on Allowances for Credit Losses and related rescissions. This was the other clear OCC supervisory update immediately preceding the July 18 to August 1, 2026 period.
On July 16, 2026, the OCC issued Bulletin 2026-32 containing a joint statement on identifying and handling highly sensitive information during examinations. It fell just before the requested window, but it was the most recent clear OCC supervisory issuance in force during that period.
On July 31, 2026, CSBS published an interview with incoming Chair Rhoshunda Kelly that set out supervisory priorities for state regulators. The post highlighted preservation of the dual banking system, resistance to broad federal preemption, closer supervision of large mortgage servicers, and continued investment in supervisory technology and examiner training.
On July 20, 2026, CSBS published a policy update on one year of GENIUS Act implementation. CSBS said the statutory deadline for most implementing regulations had passed without full agency completion and used the post to press for stronger capital, consumer protection, and state coordination in stablecoin oversight.
On June 12, 2026, FinCEN issued guidance on using 314(b) information sharing to help financial institutions combat fraud. The release expressly includes Money Services Businesses among the covered institution types, and it remained one of the most recent MSB-relevant federal AML items in force during late July 2026.
The main active 2026 NMLS system change in effect during July 17 to July 31, 2026 was the April 18, 2026 enhancement. It revised MU2 and MU4 disclosure questions and changed employment reporting history so some employment relationships auto-populate and some data entry shifts to company users.
On July 30, 2026, the OCC announced a revised guide for the Community Bank use Ratio framework. The release said the underlying framework revisions became effective July 1, 2026, and estimated that the changes could free up $64 billion to support additional lending.
The CFPB issued a request for information on July 9, 2026 seeking public input on possible mortgage regulatory changes to reduce burden and promote access to mortgage credit. It falls just outside the July 16 to July 30 window, but it was the main mortgage rulemaking-related CFPB item identified near that period.
On July 24, 2026, FinCEN posted FIN-2026-Alert004, an alert on fraud schemes targeting federal student aid. The alert is BSA and AML relevant for financial institutions, including money services businesses, because it can inform transaction monitoring and suspicious activity reporting.
On July 16, 2026, the OCC issued Bulletin 2026-32 with the Federal Reserve and FDIC on handling highly sensitive information during examinations. The statement outlines tighter security procedures for review of certain bank materials and says agencies will notify affected banks of a potential or confirmed material breach involving confidential supervisory information as soon as practicable, generally within 72 hours of discovery unless legal restrictions apply.
OCC Bulletin 2026-33, issued July 16, 2026, revised the Comptroller's Handbook booklet on allowances for credit losses and rescinded related materials. This is a supervisory handbook update that changes examination reference material rather than a new final rule.
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