Treasury

Federal regulators may soon push for lenders to strengthen protocols for verifying a loan applicant’s immigration status, following an executive order (EO) issued by President Donald Trump on May 19. Dodd Frank Update spoke with a pair of former regulators about the impact the EO could have on lenders, given the many precautions financial institutions already take to mitigate potential risks associated with lending to noncitizens. Read on »

Financial services advocates concerned by the risk of “deposit flight” resulting from the integration of digital currencies into the U.S. banking system have advocated for legislative action to address “loopholes” that could negatively impact the industry. Read on »

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 Trump administration’s latest effort to reduce funding for the Community Development Financial Institution Fund would slash approximately two-thirds of the fund’s budget for fiscal year 2027 and impose a new fee on certain small business lenders. Read on »

When Congress enacted the Dodd-Frank Wall Street Reform and Consumer Financial Protection Act in July 2010 amid the wreckage of the 2008 financial crisis, the financial services industry had no shortage of questions about the sweeping implications of the new law. Within a year, October Research, LLC, added a new publication to its portfolio with a mission to answer those questions and called it Dodd Frank Update. We have appreciated the positive feedback from the industry over the years affirming that our coverage in this space is among the most comprehensive available. Read on »

Mortgage originators will not have to concern themselves with potential indirect effects of the Financial Crimes Enforcement Network’s “Anti-Money Laundering Regulations for Residential Real Estate Transfers” final rule following a federal court decision vacating the controversial regulation. Read on »

During the Financial Stability Oversight Council’s annual hearing to Congress, U.S. Treasury Secretary Scott Bessent testified about his priorities intended to benefit the financial marketplace and the greater economy. He faced questions about the Treasury’s timeline for issuing rules implementing key legislative provisions and reform measures. Read on »

The Financial Crimes Enforcement Network recently launched a new webpage dedicated to confidentially accepting whistleblower tips regarding fraud, money laundering and sanctions violations and other laws deemed critical to safeguarding the U.S. financial system and national security. Read on »

Two “aggressive housing reform plans” President Donald Trump announced via social media to open 2026 would have major implications for the housing industry if implemented. 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 »