FDIC Financial Institution Letters RSS

FDIC Rescinds Supervisory Guidance on Multiple Re-Presentment NSF Fees

The FDIC has rescinded Financial Institution Letter FIL-32-2023, which described the agency's supervisory approach for FDIC-supervised institutions that assess multiple non-sufficient funds (NSF) fees arising from the re-presentment of the same unpaid transaction. The rescission is effective immediately. This action applies to all FDIC-supervised financial institutions.

FDIC Board Addresses GENIUS Act Stablecoin, AML Proposals

The FDIC Board of Directors met in open session on April 7, 2026, to address three items: two proposed rulemakings and one final rule. The Board considered a Notice of Proposed Rulemaking on GENIUS Act requirements and standards for FDIC-supervised permitted payment stablecoin issuers and insured depository institutions, and a separate Notice of Proposed Rulemaking on Anti-Money Laundering and Countering the Financing of Terrorism Programs. The Board also adopted a Final Rule prohibiting the use of reputation risk by regulators.

Agencies Revise Interagency Model Risk Management Guidance

The FDIC, OCC, and Federal Reserve Board jointly issued revised interagency model risk management guidance and rescinded the existing guidance on the same topic. The revision applies to all FDIC-supervised financial institutions and reflects updated supervisory expectations for model risk governance, model validation, and model inventory practices.