ABA Banking Journal
Feb 24, 2026
Enforcement
• BSA filings play a crucial role in most financial crime investigations by IRS-CI.
• The report highlights the importance of BSA data in uncovering and prosecuting crimes nationwide.
Bank Secrecy Act filings have been used in nearly every financial crime investigation conducted by IRS Criminal Investigation, “underscoring the integral role BSA data has in uncovering and prosecuting financial crimes across the country,” according to a new report by the agency. The post Bank Secrecy Act filings used in most IRS-CI financial crime investigations appeared first on ABA Banking Journal .
Federal Reserve Press
Feb 24, 2026
Enforcement
The Federal Reserve Board has issued an enforcement action against a former employee of First Financial Bank. No specific details about the actions or implications for Texas credit unions were provided in the article.
Federal Reserve Board issues enforcement action with former employee of First Financial Bank
Banking Dive
Feb 23, 2026
Enforcement
The National Labor Relations Board dismissed a union-related claim against Wells Fargo. Wells still faces at least one more such claim.
Union representatives have long accused the bank of union busting. The National Labor Relations Board dismissed one such claim this month, but Wells faces at least one more.
Banking Dive
Feb 23, 2026
Enforcement
Kathryn Shiber requested a regular 'hard stop' at midnight for sleep and managing her mood and anxiety disorder. The bank granted the accommodation but later fired her; terms of settlement undisclosed.
Kathryn Shiber requested a regular “hard stop” at midnight to sleep and manage a mood and anxiety disorder. The bank granted the accommodation but later fired her. Terms of the settlement were not disclosed.
ABA Banking Journal
Feb 23, 2026
Enforcement
Key points: OFAC updated its sanctions list with new names; financial institutions are required to review their existing customer records for potential matches.
News items that are the most recent sanctions-related actions from the Office of Foreign Assets Control. The post Recent news from Treasury’s Office of Foreign Assets Control: February 23 appeared first on ABA Banking Journal .
Banking Dive
Feb 20, 2026
Enforcement
JPMorgan denied being placed on a 'blacklist' by President Trump and asked for the case to be moved to federal court. Jamie Dimon was not named as a defendant in the case.
The bank said CEO Jamie Dimon should not have been named as a defendant and asked for the president’s debanking case to move to federal court.
Banking Dive
Feb 20, 2026
Enforcement
Lawmakers questioned Michelle Bowman regarding allegations of firing bank examiners and initiating a new review of Silicon Valley Bank’s collapse. No explicit mention of Texas or Texas-specific entities.
Lawmakers led by Elizabeth Warren pressed Michelle Bowman over allegations that she fired bank examiners and launched a new review of Silicon Valley Bank’s collapse.
Banking Dive
Feb 13, 2026
Enforcement
Fifth Third Bank allegedly violated banking standards by allowing the then-mayor of Dolton to cash vendor checks without proper signatures; this could set a precedent for compliance and signature requirements.
Fifth Third acted in violation of “reasonable” banking standards by allowing Dolton’s then-mayor to cash $1.9 million in vendor checks without the village clerk’s signature, a lawsuit alleged.
Federal Reserve Press
Feb 12, 2026
Enforcement
• Federal Reserve Board approved the application by Cooperativa de Ahorro y Credito Elga, Ltda.
Federal Reserve Board announces approval of application by Cooperativa de Ahorro y Credito Elga, Ltda.
Federal Reserve Press
Feb 12, 2026
Enforcement
The Federal Reserve Board has issued an enforcement action against a former employee of Regions Bank. No explicit connection to Texas credit unions or entities was mentioned in the article.
Federal Reserve Board issues enforcement action with former employee of Regions Bank
Banking Dive
Feb 12, 2026
Enforcement
• Bank spokesperson stated they look forward to a full review of the facts regarding BofA’s Epstein case.
• The article does not provide specific details or actions required for Texas credit unions.
A bank spokesperson reiterated Thursday that the lender looks forward “to a full review of the facts.”
Banking Dive
Feb 11, 2026
Enforcement
- A former bank employee faces up to 30 years in prison for fraud and ID theft.
- The employee was hired by an unnamed Cleveland-based bank and then Charles Schwab.
A former bank employee, hired by an unnamed Cleveland-based bank and then Charles Schwab to help protect customers from fraud, faces up to 30 years in prison.
ABA Banking Journal
Feb 10, 2026
Enforcement
- Federal court partially upheld an Illinois law on interchange fees for debit and credit card payments.
- The decision struck down the portion of the law that restricts the sharing of transaction data.
A federal court in Illinois partially upheld a first-of-its-kind state law restricting interchange fees for debit and credit card payments, striking down only the portion of the law that restricts the sharing of certain data obtained in transactions. ABA and the other plaintiffs plan to appeal the decision. The post Federal court partially upholds Illinois interchange fee law appeared first on ABA Banking Journal .
Banking Dive
Feb 09, 2026
Enforcement
Erebor Bank, founded by Palmer Luckey and backed by Peter Thiel, has received the first national bank charter under the current presidential administration; this could set a precedent for future charters.
The bank, founded by tech billionaire Palmer Luckey and backed by Peter Thiel, is the first recipient of a national bank charter under the current presidential administration.
ABA Banking Journal
Feb 09, 2026
Enforcement
• OFAC has imposed new sanctions on individuals and entities linked to Russia in response to the ongoing conflict.
• These actions include blocking assets and prohibiting transactions with designated parties.
News items that are the most recent sanctions-related actions from the Office of Foreign Assets Control. The post Recent news from Treasury’s Office of Foreign Assets Control: February 9 appeared first on ABA Banking Journal .
Banking Dive
Feb 06, 2026
Enforcement
A former Bank of America employee pleaded guilty in a case involving over $10 billion in fraudulent Medicare claims. The incident highlights the risk of money laundering and the importance of robust compliance measures.
A Brooklyn, New York-based banker allegedly aided a criminal enterprise that submitted more than $10 billion in fraudulent Medicare claims, the Justice Department said.
ABA Banking Journal
Feb 02, 2026
Enforcement
The U.S. Supreme Court declined to review an Eleventh Circuit decision that revived a lawsuit against Citigroup for operating a cash-advance fraud scheme.
The U.S. Supreme Court declined to review an Eleventh Circuit decision that revived a lawsuit alleging Citigroup operated a cash-advance fraud scheme. The post U.S. Supreme Court declines to review Eleventh Circuit decision reviving cash-advance lawsuit against Citigroup appeared first on ABA Banking Journal .
ABA Banking Journal
Feb 02, 2026
Enforcement
• The U.S. Supreme Court declined to review a Second Circuit decision affirming a New York federal court judgment against Emigrant Mortgage Company Inc., which was found guilty of reverse redlining.
• This case involved compensatory damages awarded to four homeowners who were victims of discriminatory lending practices.
The U.S. Supreme Court declined to review a Second Circuit decision affirming a New York federal court judgment that awarded compensatory damages to four homeowners after determining Emigrant Mortgage Company Inc. engaged in “reverse redlining.” The post U.S. Supreme Court declines to review reverse-redlining lawsuit appeared first on ABA Banking Journal .
ABA Banking Journal
Feb 02, 2026
Enforcement
• The Second Circuit confirmed that a willful failure to file FBARs can be based on recklessness.
• This decision enforces civil penalties against Juan and Catherine Reyes for not filing required reports.
In a unanimous decision, a Second Circuit panel affirmed a New York federal court’s ruling that enforced civil penalties against Juan and Catherine Reyes for willfully failing to file Reports of Foreign Bank and Financial Accounts. The post Second Circuit confirms recklessness satisfies willfulness standard for FBAR penalties appeared first on ABA Banking Journal .
ABA Banking Journal
Feb 02, 2026
Enforcement
The Fifth Circuit affirmed the dismissal of TMX Finance Corp's lawsuit challenging a $52 million enforcement action by Pennsylvania’s Department of Banking and Securities. The decision upholds the interest-rate cap enforcement in Pennsylvania.
In a unanimous decision, a Fifth Circuit panel affirmed the dismissal of TMX FCS’s lawsuit challenging a $52 million enforcement action by Pennsylvania’s Department of Banking and Securities (the Department) over its alleged lending practices. The post Fifth Circuit affirms dismissal of TMX Finance Corp’s lawsuit challenging Pennsylvania interest-rate cap enforcement appeared first on ABA Banking Journal .
ABA Banking Journal
Feb 02, 2026
Enforcement
• The Sixth Circuit upheld a lower court's decision that Comerica Bank was not liable for a bankruptcy trustee’s alleged misconduct.
• This ruling pertains to fraud in Chapter 7 bankruptcy cases.
In a unanimous decision, a Sixth Circuit panel affirmed a Michigan district court ruling that upheld the bankruptcy court’s refusal to hold Comerica liable for a bankruptcy trustee’s alleged misconduct. The post Sixth Circuit rules Comerica Bank not liable in Chapter 7 trustee fraud lawsuit appeared first on ABA Banking Journal .
ABA Banking Journal
Feb 02, 2026
Enforcement
• The Ninth Circuit upheld a lower court's decision dismissing a lawsuit against BofA regarding its variable interest rate formula for credit cards.
• This ruling confirms that the formula complies with the CARD Act.
In a unanimous decision, a Ninth Circuit panel affirmed a California federal court’s dismissal of a lawsuit alleging BofA’s formula for calculating interest on variable-rate credit cards violated the CARD Act. The post Ninth Circuit upholds BofA’s variable credit card interest formula under the CARD Act appeared first on ABA Banking Journal .
Banking Dive
Feb 02, 2026
Enforcement
Metropolitan Capital Bank & Trust was closed by an Illinois regulator; assets were sold to First Independence Bank. No direct impact on Texas credit unions mentioned.
An Illinois regulator closed Metropolitan Capital Bank & Trust on Friday, and the FDIC sold the majority of its assets to Detroit-based First Independence Bank.
ABA Banking Journal
Feb 02, 2026
Enforcement
- OFAC has issued new sanctions related actions.
- No specific actions or deadlines mentioned for Texas credit unions.
News items that are the most recent sanctions-related actions from the Office of Foreign Assets Control. The post Recent news from Treasury’s Office of Foreign Assets Control: February 2 appeared first on ABA Banking Journal .
ABA Banking Journal
Jan 31, 2026
Enforcement
- Metropolitan Capital Bank & Trust in Chicago was closed by Illinois regulators; First Independence Bank will assume its deposits.
- No specific details on the impact or actions for Texas credit unions.
Illinois regulators closed Metropolitan Capital Bank & Trust in Chicago and appointed the FDIC as receiver. First Independence Bank in Detroit has agreed to assume substantially all of the failed bank’s deposits. The post Metropolitan Capital Bank closed in Illinois appeared first on ABA Banking Journal .