ABA participates in White House meeting on crypto regulation

• Credit unions participated in a White House meeting discussing proposed crypto market structure legislation. • The discussion focused on potential regulatory frameworks for the cryptocurrency industry.
Source

Fed survey: Lending standards tightened for commercial loans in Q4

• Lending standards for commercial loans tightened in Q4 according to Fed survey. • Banks expect demand to strengthen and lending standards to remain unchanged in 2026.
Source

ABA submits recommendations for streamlining Call Report process

The American Bankers Association (ABA) provided recommendations to streamline the Call Report process; these suggestions were in response to a request from banking agencies.
Source

U.S. Supreme Court declines to review Eleventh Circuit decision reviving cash-advance lawsuit against Citigroup

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.
Source

U.S. Supreme Court declines to review reverse-redlining lawsuit

• 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.
Source

Second Circuit confirms recklessness satisfies willfulness standard for FBAR penalties

• 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.
Source

Ninth Circuit upholds BofA’s variable credit card interest formula under the CARD Act

• 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.
Source

ABA files amicus brief urging Eighth Circuit to reverse vacatur of Reg. II

The ABA has filed an amicus brief urging the Eighth Circuit to reverse a decision by a North Dakota district court which vacated Reg. II; this decision impacts credit union compliance and operations.
Source

Please Don’t Feed the Scattered Lapsus ShinyHunters

- Scattered Lapsus ShinyHunters (SLSH) uses a unique playbook involving harassment and threats beyond typical ransom demands. - Engaging with SLSH is discouraged as it may escalate the situation further.
Source

OCC Releases CRA Performance Evaluations for 29 National Banks and Federal Savings Associations

The OCC released CRA performance evaluations for 29 national banks and federal savings associations; no specific mentions of Texas or Texas credit unions.
Source

Recent news from Treasury’s Office of Foreign Assets Control: February 2

- OFAC has issued new sanctions related actions. - No specific actions or deadlines mentioned for Texas credit unions.
Source

Creating a cyber-aware risk culture requires teamwork

- Emphasizes the importance of teamwork in creating a cyber-aware risk culture - Highlights six key elements for addressing sophisticated threats
Source

Florida credit union sues Fiserv, alleging lax cybersecurity

FiCare Federal Credit Union alleges Fiserv's lax cybersecurity led to a breach and unauthorized charges. The credit union claims Fiserv informed customers they would be charged for security upgrades.
Source

Agency Information Collection Activities: Proposed Collection Renewal; Comment Request

The FDIC invites comments on the renewal of an existing information collection; OMB Control No. 3064-0139; Comments are due by [deadline].
Source

Agency Information Collection Activities: Information Collection Renewal; Submission for OMB Review; Extensions of Credit to Insiders and Transactions With Affiliates

• The OCC invites comments on the renewal of an information collection related to extensions of credit to insiders and transactions with affiliates. • This process requires a currently valid OMB control number.
Source

Renewal of Agency Information Collections for Comments Request: Proposed Collections

The NCUA will submit information collection requests for review and clearance by the OMB. These collections pertain to various regulatory requirements.
Source

Press Release: First Independence Bank, Detroit, Michigan, Assumes All Deposits of Metropolitan Capital Bank & Trust, Chicago, Illinois

First Independence Bank assumes deposits of Metropolitan Capital Bank & Trust; FDIC serves as receiver. Deposits remain insured and accessible.
Source

ABA urges agencies to finalize Community Bank Leverage Ratio framework revisions

The American Bankers Association (ABA) supports the agencies' proposal to lower the Community Bank Leverage Ratio (CBLR) threshold from 9% to 8% and extend the grace period for compliance from two quarters to four quarters. These changes are aimed at providing more flexibility for community banks.
Source

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.
Source

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 Yuma in Arizona, First Community Bank of Cullman in Alabama, and Winter Park National Bank in...
Source

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.
Source

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.
Source

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.
Source

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.
Source

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.
Source