Rule changes and what's on the horizon for bank and credit union compliance, from the team building applicable.ai. · Page 5
A FinCEN geographic targeting order, effective 11 August 2026 to 6 February 2027, requires banks and money transmitters in Hennepin and Ramsey Counties to report certain outbound international funds transfers, to fight money laundering tied to benefits fraud.
An FDIC proposal would cut initial base assessment rates by 2 basis points for small banks, move the small and large bank line from $10 billion to $30 billion, and index it to inflation. Comments are due 31 August 2026.
Two of the eleven deregulatory final rules NCUA published on 6 August 2026 remove the regulatory requirements on loans to other credit unions and the cap on indirect vehicle loans serviced by one third party. Both take effect on 8 September 2026.
A Federal Reserve proposal would ease Regulation MM for mutual holding companies, including dividend waiver votes, stock plan limits and the federal charter requirement for mid-tier companies, and confirm capital treatment for mutual capital certificates. Comments are due 5 October 2026.
An NCUA interim final rule, effective 30 June 2026, says federal credit unions may set non-interest charges and fees, including interchange, under federal law. It is aimed squarely at the Illinois Interchange Fee Prohibition Act.
A Federal Reserve proposal would rewrite the BSA program rule for the banks it supervises to match the April 2026 proposals from FinCEN, the OCC, the FDIC and the NCUA. It would limit enforcement to significant or systemic failures. Comments are due 8 September 2026.
A CFPB statement, applicable from 8 June 2026, says mortgage lenders relying on US employment income may need to consider whether an applicant's immigration status will let that income continue. It is guidance, not a rule.
Nine agencies have finalised joint data standards under the Financial Data Transparency Act, effective 1 October 2026. The rule adopts identifiers such as the LEI but changes no reporting requirement on its own; each agency must act within two years.
FinCEN has proposed adding H-Pay Service PLC and any "successor entity" to the Huione Group definition in its section 311 rule. After a portal outage, comments are now due 2 August 2026.
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