FDIC: Agency Rescinds the Board Statement on the Development and Communication of Supervisory Recommendations
On September 17, 2026, the Federal Deposit Insurance Corporation (FDIC) Board of Directors rescinded the Board Statement on Development and Communication of Supervisory Recommendations adopted in 2016 (2016 Statement). The 2016 Statement is superseded by the recent adoption of a final rule (Final Rule) adding a new part 305 to the FDIC’s rules that, among other…
FDIC: Board of Directors Approves Proposed Rule to Modernize and Reform the FDIC’s Framework for Reviewing Bank Merger Transactions
The Federal Deposit Insurance Corporation (FDIC) Board of Directors today approved a notice of proposed rulemaking that would modernize and reform the process by which the FDIC reviews merger transactions under the Bank Merger Act (BMA). Notable reforms under the proposed rule would include: accounting for credit unions and centrally booked deposits in the competitive…
FDIC: Board of Directors Approves Proposed Rule on State Bank Parity
The Federal Deposit Insurance Corporation (FDIC) Board of Directors today approved a notice of proposed rulemaking that would amend the agency’s regulations to promote parity between state banks and national banks. Under the proposed rule, when host state laws do not apply to a national bank, those laws would similarly not apply to an out-of-state…
Agencies Seek Comment on Proposed Third-Party Risk Management Guidance and Issue Statement on Community Bank Engagement with Core Service Providers
Today the Federal Deposit Insurance Corporation, the Federal Reserve Board, the National Credit Union Administration, and the Office of the Comptroller of the Currency (collectively, the agencies) requested comment on proposed guidance to assist financial institutions with managing risks associated with third-party relationships. The proposed guidance reflects the agencies’ supervisory experience and lessons learned from examining…
Treasury: IRS Proposes Rule to End Tax-Exempt Status for Discriminatory Practices in Private Schools
The Department of the Treasury and the Internal Revenue Service (IRS) have issued proposed regulations to end federal tax-exempt status for private schools that engage in racial discrimination, delivering on President Trump’s Executive Orders ending discrimination and restoring merit-based opportunity. “Under President Trump, this Administration is standing up for America’s students by ensuring racial discrimination…
FDIC: Board of Directors Approves Interim Final Rule Regarding Reciprocal Deposits
The Federal Deposit Insurance Corporation (FDIC) Board of Directors today approved an interim final rule to implement section 902 of the 21st Century ROAD to Housing Act (the Housing Act), which amended the statutory framework governing reciprocal deposits. Consistent with the Housing Act, the interim final rule raises the amount of reciprocal deposits an “agent institution” may…
OCC: Agency Acts to Improve Transparency and Consistency to Bank Enforcement and Supervisory Standards
OCC issues two revised policies and procedures manuals; proposes amendments to Violations of Laws and Regulations framework The Office of the Comptroller of the Currency (OCC) today announced additional actions to focus supervisory attention on the most significant risks and violations and to provide banks greater clarity, consistency and certainty in how Matters Requiring Attention…
Agencies Issue Final Rule to Prioritize Material Financial Risks in Bank Examination
The Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation (the agencies) today issued a final rule that continues their effort to focus examiners’ and institutions’ attention on material financial risks and compliance with banking and banking-related laws and regulations. The final rule is consistent with the objectives of the agencies’ proposal issued…
HUD: Agency Leads Interagency Rescission of 2022 Statement on Special Purpose Credit Programs
Advancing fair housing and equal treatment under the law Today, the Department of Housing and Urban Development (HUD), the Consumer Financial Protection Bureau (CFPB), the Department of Justice (DOJ), the Federal Deposit Insurance Corporation (FDIC), the National Credit Union Administration (NCUA), the Office of the Comptroller of the Currency (OCC), and the Federal Housing Finance…
Agencies Rescind 2022 Interagency Statement on Special Purpose Credit Programs Under the Equal Credit Opportunity Act and Regulation B
Summary: On August 25, 2026, the Federal Deposit Insurance Corporation, the National Credit Union Administration, the Office of the Comptroller of the Currency, the Consumer Financial Protection Bureau, the Department of Housing and Urban Development, the Department of Justice, and the Federal Housing Finance Agency (collectively, the agencies) issued a Federal Register notice to rescind the 2022 Interagency…