Wells Fargo launches internal proxy voting service
Wells Fargo's investment management arm launches a proprietary proxy voting service; second major asset manager to do so.
Public regulatory intelligence
What changed and why it matters
A source-linked regulatory intelligence feed for Texas credit union compliance and executive leadership. Use it to catch up quickly before diving into the underlying material.
Start with the clearest developments below, then open the original source material when you need the governing detail. The source remains the authority.
Nubank gets conditional OCC approval for charter
Nubank receives conditional approval from the OCC for its charter; plans to fully capitalize within 12 months and open the bank within 18 months, pending approvals from the Fed and FDIC.
BNY dismissed from Epstein case, but BofA must face some claims
• Bank of America will face a claim for obstructing the enforcement of trafficking laws.
• The lender was not found to have failed in upholding anti-money laundering and know-your-customer standards.
Press Release: FDIC Publishes Enforcement Orders for December 2025
- The FDIC published enforcement orders for December 2025, terminating consent orders for Luana Savings Bank in Iowa and Thread Bank in Tennessee. - Orders of termination of insurance were issued for 1st Bank...
Trump nominates Kevin Warsh as next Fed chair
Former Federal Reserve governor Kevin Warsh has been nominated as the next Fed chair; he was a candidate in 2017 but Jerome Powell was chosen instead.
What’s coming for the banking industry in 2026
Expect an increase in mergers and acquisitions and de novo applications. Regulation is expected to build up differently in 2026.
What’s coming for the banking industry in 2026
Expect an increase in mergers and acquisitions and de novo applications. Regulation is expected to build up again after a period of simplification.
Agency Information Collection Activities: Information Collection Renewal; Submission for OMB Review; Stress Testing Rules for National Banks and Federal Savings Associations
• The OCC invites comments on the renewal of an information collection titled 'Stress Testing Rules for National Banks and Federal Savings Associations.'
• The collection has been submitted to OMB for review.
Agency Information Collection Activities: Comment Request
The Consumer Financial Protection Bureau requests an extension of the 'Consumer Response Intake Form' information collection. This request is made in accordance with the Paperwork Reduction Act of 1995.
Senators, president reach deal on government funding
• Government funding deal reached but could lead to a brief shutdown over the weekend.
• House in recess until Monday, which may impact implementation of the agreement.
ABA DataBank: November trade balance shows wider deficit on strong imports
• Trade balance shows a wider deficit due to strong imports and weaker exports.
• This could modestly weigh on near-term economic growth.
Mortgage rates inch up
The 30-year fixed-rate mortgage rate was 6.10%, while the 15-year fixed-rate mortgage rate was 5.49% this week; no specific actions are required for Texas credit unions.
Factory orders increased in November
The article reports a 2.7% increase in factory orders from October to November 2025, reaching $621.6 billion. This economic data may impact lending and risk management strategies for credit unions.
ABA DataBank: Loan standards stabilize and demand rebounds in Q3
- Loan standards stabilize and demand rebounds in Q3.
- Large banks generally ease standards and see strengthening demand, while other banks remain cautious.
Report: Data breaches becoming more focused
Financial services were the top target for data breaches in 2025; attackers have become more selective. The report by the Identity Theft Resource Center highlights an increasing trend of focused attacks.
ABA, associations back proposals to cite federal preemption of state interest-on-escrow laws
The article supports proposals for federal preemption of state laws regulating interest on escrow accounts. These proposals clarify national banks' exemption from such state regulations.
Federal Reserve Board announces appointment of seven members, including four new members, to its Insurance Policy Advisory Committee (IPAC)
The Federal Reserve Board has appointed seven members, including four new members, to its Insurance Policy Advisory Committee (IPAC).
Senate Ag Committee advances digital commodity bill
The Senate Agriculture Committee advanced legislation to grant the Commodity Futures Trading Commission authority over a wide range of digital assets. This could impact how credit unions manage digital commodities and derivatives.
ABA Fraudcast: Who is calling me?
The article discusses the challenge of spoofed calls from criminals and the need to protect lawful bank communications. It highlights the importance of identifying legitimate calls amidst fraudulent ones.
UMB CEO takes ‘measured’ tone on M&A
- UMB CEO suggests muted expectations for growth post-acquisition of HTLF.
- Focus on integration and realistic planning after acquisitions.
U.S. Bank CEO Kedia named chair
U.S. Bank CEO Kedia will take on the role of chair effective in April; Minneapolis-based U.S. Bank joins other G-SIBs in consolidating CEO and chair roles.
FDIC Official Signs, Advertisement of Membership, False Advertising, Misrepresentation of Insured Status, and Misuse of the FDIC's Name or Logo
The FDIC is amending its signage requirements for digital deposit-taking channels and ATMs. The changes provide additional flexibility to IDIs while enhancing consumer understanding of when funds are protected by FDIC insurance.
FOMC holds rates steady at January meeting
- The Federal Open Market Committee decided to keep the target range of the federal funds rate at 3.5%-3.75%.
- Two FOMC members voted for further cuts.
Zelle releases 2025 growth numbers
- 337 financial institutions went live or signed up with Zelle in 2025.
- Ninety-seven percent of those were community banks and credit unions with assets under $10 billion.
Survey: AI, cybersecurity top priorities to community banks in 2026
Artificial intelligence remains a top priority for community financial institutions in 2026; cybersecurity and digital assets also areas of focus. The survey was conducted by software solutions provider CSI.