Action required licensing · Federal · Aug 23, 2026
FinCEN Convenes Public-Private Engagement to Combat Cartels
On August 13, 2026, FinCEN announced the convening of a public-private engagement to address cartel activities.
Regulatory Updates
Tracked Changes From State and Federal Regulators
Updates the regulatory team is monitoring across the verticals we file in. Effective dates, severity, and impact in one feed.
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- Action required licensing · Federal · Aug 23, 2026
Approval of Westpac Banking Corporation, New York Branch Request
The OCC approved Westpac's request on August 12, 2026, to exclude certain liabilities from capital calculations.
- Action required licensing · Federal · Aug 23, 2026
OCC Commends FDIC Reform, Advances Priority to Reinvigorate De Novo Chartering
On August 11, 2026, the OCC issued a statement regarding its support for FDIC reforms and its focus on de novo bank chartering.
- Action required licensing · Federal · Aug 22, 2026
Phase Three of NMLS Modernization Deployed
Phase Three of NMLS Modernization was deployed in August 2026, adding new functionalities for state agencies.
- Action required licensing · Federal · Aug 22, 2026
FTC Shuts Down Credit Repair Scheme
On August 10, 2026, the FTC announced the shutdown of Credit Glory for scamming consumers out of nearly $200 million.
- Action required licensing · Federal · Aug 22, 2026
Supervisory Condition Letter 2026-02: Capital Equivalency Deposit Calculation
On August 12, 2026, OCC issued a supervisory condition letter for Westpac Banking Corporation's request regarding capital equivalency calculations.
- Action required licensing · Federal · Aug 22, 2026
CFPB to Cease Discretionary Publication of Complaint Narratives and Visualizations
On August 14, 2026, the CFPB announced it would stop the discretionary publication of consumer complaint narratives and visualizations.
- Action required licensing · Federal · Aug 21, 2026
CSBS GENIUS Act Implementation
The implementation of the GENIUS Act was announced on August 11, 2026, which lays out reporting forms and requirements for payment stablecoin issuers. This aligns with evolving regulatory standards around digital assets.
- Action required licensing · Federal · Aug 21, 2026
NMLS Phase Three Deployment
Phase Three of NMLS modernization was deployed in August 2026, enhancing state licensing processes. Key updates include improved communication and task management.
- Action required licensing · Federal · Aug 21, 2026
FinCEN Analysis of Suspicious Activity Reports
On August 13, 2026, FinCEN released an analysis highlighting nearly $5 billion in BSA reports linked to suspected human smuggling, primarily filed by Money Services Businesses (MSBs). This signals the need for increased vigilance in AML reporting.
- Action required licensing · Federal · Aug 21, 2026
OCC Bulletin 2026-38: Bank Accounting Advisory Series Updated
The OCC issued Bulletin 2026-38 on August 14, 2026, providing updated accounting guidelines for banks. These updates facilitate compliance with evolving accounting standards.
- Action required licensing · Federal · Aug 21, 2026
CFPB Enforcement Actions
No new CFPB enforcement actions were reported between August 7, 2026, and August 21, 2026. The agency continues its focus on consumer protection without issuing new enforcement measures in this period.
- Informational licensing · Federal · Aug 20, 2026
Debt Collection Settlement with NewRez LLC
A multistate settlement was reached with NewRez LLC, resulting in a $15. 5 million settlement for improper force-placed insurance charges.
- Action required licensing · Federal · Aug 19, 2026
August 2026 Monthly Settlement with NewRez LLC
State financial regulators announced a nearly $15. 5 million settlement with NewRez LLC related to improperly charged insurance.
- Action required licensing · Federal · Aug 19, 2026
New NMLS Information Requests and Notification Changes
August 2026 updates include new Information Requests and notification options for individuals within the NMLS system.
- Watch licensing · Federal · Aug 19, 2026
FinCEN Proposed Rule for AML/CFT Reforms
On April 7, 2026, FinCEN proposed reforms to AML/CFT program requirements affecting MSBs and financial institutions.
- Action required licensing · Federal · Aug 18, 2026
CSBS Mortgage Transmission Modernization Act Implementation
The Money Transmission Modernization Act (MTMA) is being implemented across various states, aiming to standardize money transmission regulations. Several states are adopting provisions for regulatory consistency.
- Action required licensing · Federal · Aug 18, 2026
CFPB Final Rule Compilation on Debt Collection Practices
The governing federal framework for debt collection continues under the FDCPA and CFPB's Regulation F, effective since November 30, 2021. No major new federal debt collection rules took effect during August 4 to August 18, 2026.
- Action required licensing · Federal · Aug 17, 2026
Updates to the Telemarketing Sales Rule
The FTC's Telemarketing Sales Rule requires truthfulness in debt relief advertising and prohibits upfront fees, impacting how companies operate.
- Watch licensing · Federal · Aug 17, 2026
Feedback on Proposed Revisions to the Uniform Financial Institutions Rating System
CSBS submitted comments supporting proposed revisions to the Uniform Financial Institutions Rating System, emphasizing the importance of refining the management rating.
- Watch licensing · Federal · Aug 17, 2026
Community Reinvestment Act: Interagency Notice of Proposed Rulemaking
Dated July 31, 2026, this NPRM proposes updates to the Community Reinvestment Act to strengthen and modernize CRA implementation.
- Watch licensing · Federal · Aug 16, 2026
August 11, 2026 Reporting Forms and Instructions for Permitted Payment Stablecoin Issuers
CSBS is currently processing a report on regulatory forms for permitted payment stablecoin issuers, with the status marked as pending as of August 11, 2026.
- Action required licensing · Federal · Aug 16, 2026
Consumer Financial Protection Bureau Enforcement Actions
As of August 21, 2025, the CFPB's latest enforcement action involved Synapse Financial Technologies, indicating a continued focus on compliance by the Bureau. No new actions were reported for the period of August 2, 2026 to August 16, 2026.
- Watch licensing · Federal · Aug 16, 2026
Bank Secrecy Act and Sanctions Compliance Standards for FDIC-Supervised Permitted Payment Stablecoin Issuers
CSBS submitted comments on this proposal on August 4, 2026, addressing compliance standards for payment stablecoin issuers under the Bank Secrecy Act. This marks a significant step in enhancing regulatory clarity in the emerging stablecoin market.
- Action required licensing · Federal · Aug 16, 2026
Interagency Guidance on Third-Party Relationships: Risk Management
The FDIC's Interagency Guidance on Third-Party Relationships provides key principles for risk management regarding third-party service providers. This guidance emphasizes risk assessment and due diligence.
- Action required licensing · Federal · Aug 16, 2026
Community Bank use Ratio: Updated Community Bank Compliance Guide
The OCC released updated guidance for the Community Bank use Ratio on July 30, 2026, providing clarity on compliance expectations for community banks. This guidance aims to streamline compliance requirements.
- Action required licensing · Federal · Aug 16, 2026
Financial Data Transparency Act Joint Data Standards
The CFPB issued the Financial Data Transparency Act Joint Data Standards rule on June 8, 2026. This rule aims to standardize financial reporting, enhancing data interoperability across financial institutions.
- Action required licensing · Federal · Aug 15, 2026
Multistate Coalition Fines Mortgage Servicer
A group of 46 states has fined a mortgage servicer $15. 5M for alleged violations of the Real Estate Settlement Procedures Act.
- Watch licensing · Federal · Aug 15, 2026
FinCEN MSB AML/BSA Proposed Rule
FinCEN proposed changes to harmonize anti-money laundering and counter-terrorism financing regulations for money services businesses.
- Watch licensing · Federal · Aug 15, 2026
OCC Requests Comment on Proposed Changes to Information-Disclosure Rules
The OCC is proposing changes to enhance the balance between protecting confidential information and ensuring transparency. Comments are due 60 days after publication in the Federal Register.
- Watch licensing · Federal · Aug 15, 2026
Request for Information Regarding Promoting Access to Mortgage Credit
The CFPB published a Request for Information to gather insights on how to improve access to mortgage credit. This document is aimed at enhancing market efficiency and consumer access.
- Action required licensing · Federal · Aug 14, 2026
OCC Bulletin on Allowances for Credit Losses
OCC Bulletin 2026-33, issued on July 16, 2026, provides revised allowance-for-credit-losses guidance for financial institutions.
- Action required licensing · Federal · Aug 14, 2026
Final Rule Ending Beneficial Ownership Reporting Requirements
FinCEN announced a final rule on August 11, 2026, eliminating the requirement for U. S.
- Action required licensing · MN · Aug 14, 2026
Minnesota Geographic Targeting Order Renewed
FinCEN renewed the Minnesota Geographic Targeting Order aimed at combating fraud and protecting taxpayers on August 7, 2026.
- Action required licensing · Federal · Aug 14, 2026
Final Rule Revising Small Business Lending Rule under Regulation B (Section 1071)
The CFPB finalized revisions to the small business lending rule under Regulation B on May 1, 2026, which requires additional data collection from lenders.
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