Posts on the applicable.ai blog tagged Community banks. · Page 2
OFAC has indefinitely stayed three provisions of the Iranian Transactions and Sanctions Regulations and Iran General License J-1, effective 8 September 2026. A separate general license, DD, allows wind-down of some of those transactions until 12.01 a.m. eastern daylight time on 23 September.
Final IRS regulations on the new deduction for passenger vehicle loan interest take effect on 9 November 2026. Lenders that receive $600 or more of qualifying interest from an individual in a year must report it on Form 1098-VLI, and must work out which loans qualify.
Proposed IRS rules under section 530A would limit Trump account funds to low-cost U.S. equity index funds during a child's growth period and put the job of policing that on the account trustee. Comments are due 20 October 2026.
A FinCEN geographic targeting order, effective 3 September 2026 and running through 1 March 2027, requires money services businesses in listed ZIP codes in Texas and New Mexico to file currency transaction reports on cash transactions from $1,000 to $10,000.
OFAC has stayed five Iran general licenses, including the one for noncommercial personal remittances, effective 24 August 2026, with a wind-down license that runs to 8 September. It also named five more sectors of Iran's economy under Executive Order 13902.
A Treasury proposal would add a new 12 CFR part 1523 setting out how the GENIUS Act's bans on unpermitted payment stablecoin issuance, offer and sale work in practice. Comments are due 19 October 2026.
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.
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.
One email when a new post goes up. We'll send a link to confirm first, and every email has a link to unsubscribe.
Prefer a feed reader? Follow by RSS
Thanks. If this address is not subscribed yet, we have sent it a link to confirm. Check your inbox.
We're still building. Sign up and we'll tell you when access opens.
You're on the list. We'll let you know when access becomes available.