Nonbank Financial

The U.S. Treasury’s Financial Crimes Enforcement Network and banking agencies issued two proposed rules to revise Bank Secrecy Act regulations governing financial institutions’ anti-money-laundering programs and establish such requirements for stablecoin issuers. Read on »

The Office of the Comptroller of the Currency issued a final rule to clarify what authority national banks have to engage in non-fiduciary activities and the operations of trust companies. The rule met with opposition from community banking advocates. Read on »

After examining the Consumer Financial Protection Bureau’s renewed rulemaking efforts, some regulatory experts told Dodd Frank Update they believe one of the agency’s top priorities will be to ensure its reimagined rules can withstand scrutiny from the courts. Read on »

The Consumer Financial Protection Bureau’s plans to overhaul its open banking final rule, implementing Sec. 1033 of the Dodd-Frank Act, could be one of, if not its biggest, undertakings this year. Dodd Frank Update asked some top-tier compliance experts to share their expectations for the rewrite and they did not hold back. Read on »

Legislation intended to establish a comprehensive regulatory framework for digital assets in the U.S. has hit several hurdles, ranging from a lack of bipartisan political support to disputes among bankers and crypto advocates. Multiple financial trade organizations met with President Donald Trump at the White House to discuss the matter. Read on »

State regulators in California took action against crypto-lender Nexo Capital Inc. for violating various state financial laws, including lending without a valid license and failing to determine a borrowers’ ability to repay loans. Read on »

A quintet of financial trade organizations asked the Federal Deposit Insurance Corp. to extend the comment period for its proposed rule intended to establish a process through which banks could request agency approval to issue stablecoins through a subsidiary. Read on »

U.S. Treasury Secretary Scott Bessent emphasized the importance of “economic security” in his opening letter for the Financial Stability Oversight Council’s 2025 Annual Report. The report includes key insights and recommendations about the impact of regulatory and supervisory policies on the banking and mortgage markets. Read on »

The latest audit of the Consumer Financial Protection Bureau’s information security systems revealed weaknesses that could expose sensitive financial data to bad actors, according to the Office of the Inspector General for the Federal Reserve System. Read on »

As homebuyers come to expect real estate transactions to flow more seamlessly and quickly than ever before, integrating instant payments into the process may no longer be optional for lenders and settlement services providers. Read on »