Abrigo Becomes Nacha Preferred Partner for ACH Fraud Prevention
NACHA announced that Abrigo has become a Nacha Preferred Partner for ACH Experience, Compliance, Risk, and Fraud Prevention. Abrigo provides AI-powered software and services helping more than 2,400 financial institutions detect and prevent fraud, manage risk, and analyze ACH files in real time to identify high-risk patterns. The Preferred Partner program recognizes organizations that demonstrate leadership and innovation advancing the ACH Network.
Bottomline Joins Nacha Preferred Partner for ACH, Open Banking, Fraud
NACHA announced Bottomline has become a Nacha Preferred Partner for ACH Experience, Open Banking, and Risk and Fraud Prevention. Bottomline provides real-time ACH transaction monitoring and fraud prevention solutions that help banks and businesses detect suspicious activity before funds are released. The Preferred Partners program recognizes organizations demonstrating leadership and innovation in advancing the ACH Network.
Walrus Security Named Preferred Partner for Account Validation and Fraud Prevention
Nacha announced Walrus Security as a Preferred Partner for Account Validation, Fraud Monitoring, and Risk and Fraud Prevention. Walrus Security's DoubleCheck platform verifies the authenticity of ACH payment details before payments are released. When payment instructions are created or changed, DoubleCheck confirms those details with the counterparty using identity verification. The partnership addresses credit-push frauds such as business email compromise by enabling organizations to authenticate counterparties before accepting ACH payment information. Nacha's Preferred Partner Program is open to technology solution providers whose offerings align with Nacha's strategy of advancing the ACH Network.
Homespire Mortgage Corp. & Michael Jonathan Rappaport Consent Order - $10,000 Penalty, 42-Month Ban
The Massachusetts Division of Banks issued Consent Order 2026-001-CO against Homespire Mortgage Corp. and sole owner Michael Jonathan Rappaport, imposing a $10,000 administrative penalty and a 42-month prohibition from engaging in mortgage lender and mortgage broker activities in Massachusetts. The enforcement action resolves findings from a September 2025 examination that identified failures to comply with Massachusetts and federal statutes and regulations governing mortgage lenders and brokers.
Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company
The Federal Reserve published a notice announcing one change in bank control application under the Change in Bank Control Act. The Zachariah Spalj Escrow Trust and related parties seek to acquire voting shares of Deerwood Bancshares, Inc. and join the Spalj Family Control Group. Comments on the application are due by April 28, 2026.
Assignment of Lead Bank Responsibility for New Districts Polavaram and Markapuram in Andhra Pradesh
The Reserve Bank of India has assigned Lead Bank responsibility for two newly created districts in Andhra Pradesh to Union Bank of India. Polavaram district receives working code 02X and Markapuram district receives working code 02Y. The RBI notification confirms no changes to Lead Bank responsibilities for existing districts in the state.
Master Direction on Non-Resident Investment in Debt Instruments – Amendment
RBI issued A.P. (DIR Series) Circular No. 06 amending the Master Direction on Non-Resident Investment in Debt Instruments, 2025. The amendment consolidates directions relating to investments in debt instruments by Non-Resident Indians and use of such debt instruments as collateral for exchange traded derivative contracts. AD Category-I banks are required to notify constituents of the updated Master Direction.
Permitted Payment Stablecoin AML/CFT Sanctions Compliance Requirements
FinCEN and OFAC jointly published a proposed rule implementing the GENIUS Act's directive to treat permitted payment stablecoin issuers (PPSIs) as financial institutions under the Bank Secrecy Act. The proposed rule would impose AML/CFT program requirements on PPSIs and require them to maintain effective economic sanctions compliance programs. Comments are due June 9, 2026.
Stablecoin AML/CFT and Sanctions Compliance Proposed Rule
FinCEN and OFAC have jointly issued a proposed rule to implement provisions of the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act). The rule would treat permitted payment stablecoin issuers (PPSIs) as financial institutions for Bank Secrecy Act purposes and require PPSIs to maintain effective sanctions compliance programs. Comments are due by June 9, 2026.
CFTC Reintroduces Agricultural Advisory Committee and Announces Members
The CFTC announced the re-establishment of its Agricultural Advisory Committee and named 37 members from across the agricultural sector. Chairman Michael S. Selig will sponsor the committee, with Emma Johnston serving as designated federal officer. The AAC aims to provide a direct communication channel between the CFTC and agricultural market participants to inform policy decisions affecting farmers and ranchers nationwide.
CFTC Announces Innovation Task Force Staff
The CFTC announced the members of its Innovation Task Force (ITF), led by Michael J. Passalacqua. The ITF comprises staff from various CFTC divisions and offices, as well as individuals with private sector experience in crypto assets, blockchain, AI, and prediction markets. The task force will work with the Commission to develop a clear regulatory framework for innovators in these emerging technology areas.
Court Blocks Arizona Criminal Charges Against CFTC-Regulated Prediction Markets
The CFTC obtained a temporary restraining order from the U.S. District Court for the District of Arizona blocking Arizona from pursuing criminal charges against CFTC-regulated designated contract markets. The court action follows the CFTC's complaint seeking declaratory judgment that federal law grants the CFTC exclusive authority to regulate event contracts. Arizona's attempt to apply state criminal law to federally regulated prediction markets was deemed preempted by federal law.
FDIC Rescinds Supervisory Guidance on Multiple Re-Presentment NSF Fees
The FDIC has rescinded FIL-32-2023, which previously described the agency's supervisory approach regarding multiple non-sufficient funds (NSF) fees arising from the re-presentment of unpaid transactions. The FDIC concluded that FIL-32-2023 was overly broad in scope and created uncertainty about when re-presentment disclosures might raise unfairness concerns under Section 5 of the FTC Act. The rescission is effective immediately.
FSC Chairman Meets AMCHAM Korea Chairman to Discuss Financial Hub Competitiveness
FSC Chairman Lee Eog-weon met with AMCHAM Korea Chairman James Kim on April 10, 2026 to discuss ways to strengthen Korea's financial hub status and attract foreign investments. The meeting addressed AMCHAM Korea's 'Korea's Financial Hub Agenda' report and follow-up measures for MSCI developed markets index inclusion. Seoul ranked 8th and Busan 23rd in GFCI 39.
Scam Alert: Bank of Singapore Fraudulent Social Media Account
The HKMA issued a scam alert on 10 April 2026 warning members of the public about a fraudulent social media account associated with Bank of Singapore Limited. The HKMA reminded the public that banks will not send SMS or emails with embedded hyperlinks directing them to conduct transactions, nor will they request sensitive information such as login passwords or One-Time Passwords by phone, email, or SMS. Individuals who may have disclosed personal information or conducted transactions through such scams should contact their bank and report to the Hong Kong Police Force at 2860 5012.
HSBC, Anchorpoint Receive Stablecoin Issuer Licences in Hong Kong
The HKMA announced the granting of stablecoin issuer licences under the Stablecoins Ordinance to Anchorpoint Financial Limited and The Hongkong and Shanghai Banking Corporation Limited. The licences took effect on 10 April 2026, and the licensees intend to launch business in the coming months. The HKMA maintains a public Register of Licensed Stablecoin Issuers on its website.
OCC, FDIC, NCUA Propose AML/CFT Program Amendments for Banks
The OCC, FDIC, and NCUA have issued a joint notice of proposed rulemaking to amend AML/CFT program requirements for banks. The proposed rule would require banks to establish and maintain effective programs reasonably designed to identify, assess, and mitigate risks of illicit finance, aligning with FinCEN's concurrent proposals under the Anti-Money Laundering Act of 2020. The rule aims to modernize Federal supervision of AML/CFT programs and enhance FinCEN's role in supervision and enforcement.
NCUA Proposes Amendment to Associational Common Bond Requirements for Credit Union Membership
The NCUA Board proposes to amend associational common bond provisions in its Chartering and Field of Membership Manual. The amendment would eliminate an automatic eligibility bar for associations that require purchase of a product or service as a condition of membership, allowing case-by-case evaluation of circumstances instead. Credit unions and groups seeking federal charter may submit comments through June 8, 2026.
ASEAN Finance Ministers and Central Bank Governors Joint Statement 13th AFMGM
ASEAN Finance Ministers and Central Bank Governors issued their 13th AFMGM joint statement reaffirming regional financial cooperation commitments. The statement notes ASEAN's economic growth revised upward to 4.5% for 2025, with FDI inflows exceeding USD 230 billion in 2024 and tourism arrivals reaching 147 million. Ministers expressed concerns over Middle East tensions, geopolitical risks, and trade uncertainties while endorsing priority deliverables including sustainable capital markets, regional payments connectivity, and financial health initiatives under the Philippines' 2026 ASEAN Chairmanship.
Directions Under Section 35A Read with Section 56 of Banking Regulation Act - Motiram Agrawal Jalna Merchants Cooperative Bank Limited
RBI has issued binding Directions to Motiram Agrawal Jalna Merchants Cooperative Bank Limited, Jalna, effective April 10, 2026, restricting the bank from granting loans, making investments, incurring liabilities, accepting fresh deposits, disbursing payments, or disposing of assets without prior RBI approval. The Directions were imposed due to a shortfall in liquid assets after engagement with the bank's Board and Senior Management failed to produce adequate remedial measures. Depositors are entitled to insurance claims from DICGC up to Rs 5 lakh per depositor.
Reserve Money and Money Supply Data for fortnight ended March 31, 2026
The Reserve Bank of India released statistical data on Reserve Money and Money Supply for the fortnight ended March 31, 2026. The data has been published via Press Release 2026-2027/67 and is available in downloadable Excel format. No new regulatory requirements or compliance obligations are imposed by this announcement.
Auction of 91-Day, 182-Day and 364-Day Treasury Bills
RBI announces the auction of Government of India Treasury Bills totaling ₹24,000 crore, comprising 91-day (₹12,000 crore), 182-day (₹6,000 crore), and 364-day (₹6,000 crore) tranches. The auction is scheduled for April 15, 2026, with settlement on April 16, 2026. Bids must be submitted electronically via the RBI E-Kuber system during designated timings.
Draft NBFC-UL Amendment Directions - Asset Size Criteria and Government NBFC Inclusion
The Reserve Bank of India has issued two draft Amendment Directions for public consultation until May 4, 2026, proposing to replace the existing NBFC-UL identification methodology with an absolute asset size criterion of ₹1,00,000 crore and above. The draft directions also propose including eligible Government owned NBFCs in the Upper Layer and allow all NBFC-UL to use State Government guarantees as credit risk transfer instruments without limit, subject to specified conditions.
Utkarsh 2029: Medium-Term Strategy Framework April 2026-March 2029
RBI has released Utkarsh 2029, its medium-term strategy framework covering April 2026 to March 2029. The framework builds on the prior Utkarsh 2.0 (2023-2025) and includes six strategic pillars: Robust Regulations, Customer Centricity and Inclusive Finance, Competitive Markets, Effective Technology, Future-ready Organisation, and Global India. Progress will be monitored by a Sub-committee of RBI's Central Board.
RBI Cancels Licence of National Urban Cooperative Bank Ltd., Pratapgarh
The Reserve Bank of India has cancelled the licence of National Urban Cooperative Bank Ltd., Pratapgarh, Uttar Pradesh, under Section 22 read with Section 56 of the Banking Regulation Act, 1949. The bank ceases all banking business operations effective close of business on April 10, 2026. The RBI cited inadequate capital, non-compliance with regulatory requirements, prejudice to depositor interests, inability to pay depositors in full, and adverse public interest as grounds for cancellation.
FDIC Rescinds 2023 Representment NSF Fee Letter
The FDIC has withdrawn its 2023 informal guidance on representment nonsufficient funds (NSF) fees. The rescission removes a prior supervisory expectation regarding how banks assess representment fees on returned transactions. Banks previously adhering to the 2023 guidance may now have increased flexibility in their fee assessment practices.
March CPI Reaches 3.3%, Gasoline Prices Surge 21.2%
The ABA Banking Journal reports that the Consumer Price Index for March reached 3.3%, reflecting a re-acceleration driven by a 21.2% surge in gasoline prices. This economic data is published in the ABA Databank section as part of routine economic indicator tracking for the banking industry.
ABA Recommends Rescinding SEC Item 106 Cybersecurity Disclosure Rule
The American Bankers Association submitted comments to the SEC recommending rescission of Item 106 cybersecurity disclosure requirements applicable to public companies. The ABA's comment letter addresses cybersecurity incident disclosure obligations and suggests revising the current SEC framework for how banks and other public companies must disclose material cybersecurity incidents.
ABA Releases Latest Banking Industry DataBank Statistics
The American Bankers Association released the latest DataBank statistics for the banking industry, providing comparative data on bank financial and operational metrics. The release offers banks benchmark data across various banking performance indicators. No regulatory compliance obligations are imposed by this statistical release.
Factory Orders Steady at $620.1B in February
ABA Banking Journal reports that U.S. factory orders held steady at $620.1 billion in February. This economic indicator provides macroeconomic data for banking compliance professionals monitoring industrial activity. No regulatory actions, compliance obligations, or deadlines are associated with this report.
88% of Leading Banks Deploy Data Solutions, 67% Push Marketing
The American Bankers Association published a survey reporting that 88% of leading banks have deployed financial data solutions for customer engagement, while 67% leverage these insights for marketing purposes. The survey examines how banks are using financial data insights to enhance customer engagement strategies.
ABA Urges CFPB to Revert 2023 Credit Card Plan Survey Changes
The American Bankers Association (ABA) has formally urged the Consumer Financial Protection Bureau (CFPB) to revert changes made to its 2023 credit card plan survey methodology. The ABA's recommendation seeks to restore prior survey parameters for assessing credit card issuer practices and compliance. The CFPB's survey is used to inform regulatory oversight of credit card issuers.
Michigan Consumer Sentiment Index Drops to 47.6
The American Bankers Association reports that its consumer sentiment indicator fell to 47.6 in April, reflecting declining consumer confidence in economic conditions. This economic sentiment data is published for informational purposes and does not establish any regulatory requirements or compliance obligations.
Four in Ten US Adults Report Fraud Victimization
The ABA Banking Journal reported on an AARP survey finding that approximately 40% of US adults report being victims of fraud. The survey highlights widespread consumer concern about financial scams and fraud schemes targeting Americans across demographic groups.
OCC Anti-Money Laundering Rule Comment Form
The Office of the Comptroller of the Currency (OCC) is accepting public comments on a proposed anti-money laundering rule through its Regulations.gov portal. Commenters may submit up to 5,000 characters directly or attach files up to 10MB. The consultation applies to national banks, federal savings associations, and other OCC-regulated entities subject to Bank Secrecy Act requirements.
OCC and FDIC Final Rule Codifying Elimination of Reputation Risk from Bank Supervision
The OCC and FDIC have adopted a final rule to eliminate reputation risk from their supervisory programs. The rule prohibits the agencies from criticizing or taking adverse action against banks based on reputation risk, and from requiring institutions to close accounts or modify services based on political, social, cultural, or religious views or constitutionally protected speech. The rule also forbids supervisory actions designed to punish lawful business activities the agencies disfavor.
OCC Meets Anchorage Digital Bank, April 8
The Office of the Comptroller of the Currency (OCC) published a meeting record documenting its April 8 meeting with representatives of Anchorage Digital Bank. The document provides a summary of the regulatory discussion between OCC officials and the digital asset bank's leadership. This type of meeting reflects the OCC's ongoing supervisory engagement with federally regulated institutions engaged in digital asset activities.
AML/CFT Programs for Banks Proposed Rule
The OCC, FDIC, and NCUA have proposed amendments requiring banks to establish and maintain effective anti-money laundering and countering the financing of terrorism (AML/CFT) programs reasonably designed to identify, assess, and mitigate illicit finance risks. The proposed rule would align with FinCEN's concurrent proposals implementing the Anti-Money Laundering Act of 2020 and enhance FinCEN's role in AML/CFT supervision and enforcement. Comments are due June 9, 2026.