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Bank Control Notice Correction Regarding Share Acquisitions

The Federal Reserve published a correction to its Change in Bank Control Notices regarding acquisitions of shares of banks and bank holding companies. The document (91 FR 17278) corrects errors in a previously published notice. This is a routine correction with no new regulatory requirements or substantive changes to existing policy.

FDIC Board Meeting - Stablecoin, AML/CFT, and Reputation Risk Rules

The FDIC Board will meet on April 7, 2026, to consider three regulatory items: a proposed rule on stablecoin requirements under the GENIUS Act for FDIC-supervised permitted payment stablecoin issuers and insured depository institutions; a proposed rule on Anti-Money Laundering and Countering the Financing of Terrorism programs; and a final rule prohibiting the use of reputation risk by regulators. The meeting is open to public observation via webcast.

FDIC Board Meeting Notice

The FDIC has announced a scheduled meeting of its Board of Directors on April 7, 2026 at 1:00 PM ET. The meeting is open to the public and will be held as indicated. This is a routine administrative announcement with no new regulatory requirements or policy changes being announced.

Newrez LLC Cease and Desist Order - 29 Consumer Loan Act Violations

WA DFI issued a Statement of Charges and Notice of Intent to Enter a Cease and Desist Order against Newrez LLC (NMLS #3031) for 29 violations of the Consumer Loan Act. The enforcement action stems from a 2025 examination citing inaccurate mortgage call reports, incorrectly onboarded loans, improper payment application, and failure to maintain escrow accounts. The company has been licensed since June 2011 and previously cited for similar violations between 2018-2021.

Termination of Citizens National Bank Receivership

The FDIC as Receiver announces the termination of the Citizens National Bank receivership (Fund 10063) located in Macomb, IL. The receivership was established on May 22, 2009, and asset liquidation has been completed. A final dividend payment will be made to proven creditors from available funds. The termination becomes effective no sooner than 30 days from this notice.

M&M Tech Solutions Corp. Cease Directive - Unlicensed Money Transmission

The Massachusetts Division of Banks issued a Cease Directive against M&M Tech Solutions Corp. for conducting unlicensed money transmission activities in violation of M.G.L. chapter 169 and 169B. The company allegedly accepted $7,500 from a Massachusetts consumer for foreign transmission without proper authorization, operating outside its delegated authority as an agent of OMNEX Group, Inc. and Viamericas Corporation.

United Bank Employee Embezzlement Consent Prohibition

The Federal Reserve Board issued a consent prohibition order against Mollie Morrow, former employee of United Bank (Fairfax, Virginia), for embezzlement of bank funds. The enforcement action prohibits Morrow from further participation in banking activities. Financial institutions should review internal controls to prevent similar fraudulent activities by employees.

Monitoring AI Adoption in the US Economy

The Federal Reserve Board released FEDS Notes research by Jeffrey S. Allen examining AI adoption trends in the U.S. economy through 2025. Census Bureau data shows approximately 18 percent of firms have adopted AI by year-end 2025, with work-related Generative AI adoption at 41 percent and 78 percent of the labor force working at AI-adopting firms. The research highlights significant heterogeneity across firm size and industry cohorts, with professional services and financial sectors showing particularly strong adoption rates.

Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company

The Federal Reserve System published a notice on April 3, 2026, addressing the filing requirements for change in bank control notices and acquisitions of shares of banks or bank holding companies. The notice provides procedural guidance on how entities should submit regulatory filings for acquisitions affecting control of banking organizations. This is a routine procedural notice establishing the framework for such filings.

NCUA Encourages Credit Union IRS VITA Partnerships

The NCUA issued Letter 21-CU-12 in November 2021 encouraging federally insured credit unions to partner with the IRS Volunteer Income Tax Assistance (VITA) program. VITA offers free income tax preparation and education on refundable credits like the EITC and Child Tax Credit for low-to-moderate income individuals. Credit unions were encouraged to email the IRS by November 15, 2021 to express interest.

2025 Supervisory Priorities for Federally Insured Credit Unions

NCUA issued Letter 25-CU-01 outlining its 2025 supervisory priorities for federally insured credit unions. Key focus areas include credit risk management, particularly deteriorating credit card and used vehicle loan portfolios where delinquency and charge-off rates exceed levels seen during the global financial crisis. The agency will also examine loan modification and workout strategies for borrowers facing financial difficulty.

GENIUS Act Principles for State-Federal Regulatory Equivalence

The Department of Treasury published a notice of proposed rulemaking to implement section 4(c) of the GENIUS Act, establishing principles for determining when a state-level payment stablecoin regulatory regime is substantially similar to the Federal framework. Comments must be submitted by June 2, 2026.

GENIUS Act Principles for State-Level Stablecoin Regulatory Similarity

The Department of the Treasury published a notice of proposed rulemaking to implement section 4(c) of the GENIUS Act, establishing principles for determining when state-level payment stablecoin regulations are "substantially similar" to the federal framework. Comments must be submitted by June 2, 2026 under docket TREAS-DO-2026-0232. This rule affects payment stablecoin issuers and state regulatory regimes.

Local Assistance and Tribal Consistency Fund Information Collection

The U.S. Department of Treasury published a notice inviting public comments on revisions to the Local Assistance and Tribal Consistency Fund (LATCF) information collection (OMB Control No. 1505-0276). Comments are due June 2, 2026. The LATCF program distributes approximately $2 billion in funding to eligible tribal governments and revenue sharing counties under the American Rescue Plan Act.

Deputy General Counsel Appointments

CFTC Chairman Michael S. Selig announced Stephen D. Andrews and M. Jordan Minot as Deputy General Counsel for regulation and litigation, respectively. Andrews joins from the U.S. Senate where he served as General Counsel to Senator Josh Hawley; Minot comes from the Virginia Attorney General's Office. Both will lead branches in the CFTC General Counsel's office.

Consolidated Reports Q1 2026 Call Report Filing

FDIC issued FIL-10-2026 reminding FDIC-insured financial institutions of the Q1 2026 Call Report submission deadline of April 30, 2026 (May 5, 2026 for institutions with foreign offices). The filing confirms no new data items or revisions to FFIEC 031, 041, or 051 Call Report forms this quarter. Institutions should review attached Supplemental Instructions for guidance on early adoption of the enhanced supplementary leverage ratio rule.

Bank CRA Compliance Examination List

The FDIC issued its monthly list of state nonmember banks examined for Community Reinvestment Act (CRA) compliance, covering January 2026 evaluation ratings. The list includes publicly available CRA evaluation ratings assigned to approximately 17 institutions. Banks are required to make their individual CRA evaluations available upon request.

Notice to All Interested Parties of Intent To Terminate Receivership

The Federal Deposit Insurance Corporation published a notice of intent to terminate a receivership affecting 847 units. This routine administrative notice informs interested parties about the planned termination of the receivership estate. No specific failed institution is named in the notice.

Research Report on Third-Party Cybersecurity Risk Management for Financial Institutions

Japan's Financial Services Agency published a research report on third-party cybersecurity risk management for financial institutions. The FSA commissioned Deloitte Tohmatsu Cyber LLC to examine management practices among major banks and large insurance companies in the United States, European Union, and United Kingdom. The report provides provisional English translations for industry reference.

Floating Rate Savings Bonds 2020 - Operational Guidelines

The Reserve Bank of India has issued revised operational guidelines for Floating Rate Savings Bonds 2020 (Taxable), superseding the June 2020 guidelines. The new guidelines cover procedures for bond issuance, servicing, nomination, interest payments, premature encashment, claims processing, audit compliance, and grievance redressal. The guidelines come into effect immediately and apply to all Receiving Offices authorized to handle these government securities.

Rupee Exchange at International Airport Forex Counters

The Reserve Bank of India has amended the Master Direction on Money Changing Activities to permit residents to exchange Indian Rupee notes at foreign exchange counters located in departure halls of international airports beyond Immigration or Customs desks. The circular extends this facility to Duty-Free Areas and Security Hold Areas. Authorised Persons must update procedures and notify customers of the expanded exchange options.

Hedge Fund Manager Swap Valuation Fraud Enforcement

The CFTC obtained a federal court order granting summary judgment against James R. Velissaris, former hedge fund manager of Infinity Q Capital Management LLC, for a multi-year swap valuation fraud scheme. Velissaris was ordered to pay $2.2 million in civil monetary penalties and permanently barred from CFTC-regulated markets and trading. The scheme inflated fund net asset values through manual adjustments to independent pricing systems, resulting in over $125 million in excess fees to investors.

CFTC Sues States to Reaffirm Exclusive Jurisdiction Over Prediction Markets

The Commodity Futures Trading Commission filed lawsuits against Arizona, Connecticut, and Illinois challenging state actions that restrict prediction market activities by CFTC-registered designated contract markets. The suits seek declaratory and injunctive relief to reaffirm CFTC's exclusive jurisdiction over event contracts under the Commodity Exchange Act. The CFTC is defending its regulatory authority against what it characterizes as overzealous state regulators attempting to impose inconsistent obligations on market participants.

Exchange Fund Bills Tender Results

The Hong Kong Monetary Authority published Exchange Fund Bills tender results for three issues (Q2614, H2643, Y2688). Total applications amounted to HK$211.891 billion with HK$93.44 billion allotted. Average yields accepted ranged from 1.99% to 2.23% across maturities from July 2026 to April 2027. The HKMA also announced upcoming tenders for the week beginning 13 April 2026.

Strait View Merges with Great NorthWest Federal Credit Union

NCUA filed notice of merger between Strait View Credit Union and Great NorthWest Federal Credit Union. The merger was processed under docket NCUA-2026-0760 and filed on February 18, 2026. This represents a routine corporate consolidation within the federally regulated credit union system.

Strait View Credit Union Member Notice

NCUA received a member notice filing from Strait View Credit Union on April 2, 2026. The notice was submitted to regulations.gov under docket NCUA-2026-0760-0002 as part of routine credit union member communications requirements. This filing does not constitute new regulatory requirements or policy changes.

NCUA Board Meeting - Brokered Deposits, Deregulation Project, Strategic Plan

The NCUA announced an open Board meeting on April 9, 2026 at 10 a.m. Eastern at agency headquarters in Alexandria, VA. The agenda includes briefings on brokered and reciprocal deposits, the NCUA Deregulation Project, and the 2026-2030 Strategic Plan and Annual Performance Plan. The meeting will be livestreamed and related documents will be posted to the NCUA website at meeting start.

Q1 FY27 State Government Borrowing Calendar

The Reserve Bank of India published the indicative Q1 FY27 market borrowing calendar for State Governments and Union Territories totaling ₹2,54,509 crore. A Benchmark Issuance Strategy (BIS) pilot launches with nine States (Andhra Pradesh, Bihar, Chhattisgarh, Kerala, Madhya Pradesh, Maharashtra, Rajasthan, Telangana, and Uttar Pradesh) to enhance transparency in market borrowings.

FRB 2028 Interest Rate Set at 6.17%

The Reserve Bank of India announced that the interest rate on the Government of India Floating Rate Bond 2028 (FRB 2028) will be 6.17% per annum for the half year April 4, 2026 to October 3, 2026. The rate is calculated based on the average Weighted Average Yield of the last three 182-Day Treasury Bill auctions plus a fixed spread of 0.64%.

Treasury Bill Auction - 24000 Crore Rupees

The Reserve Bank of India announced an auction of Government of India Treasury Bills totaling ₹24,000 crore to be held on April 8, 2026. The auction includes ₹12,000 crore of 91-day bills, ₹6,000 crore of 182-day bills, and ₹6,000 crore of 364-day bills, with settlement on April 9, 2026.

Government Bond Auction Results 6.68% GS 2040 and 7.43% GS 2076

The Reserve Bank of India published full auction results for two government stock tranches: ₹17,000 crore of 6.68% GS 2040 and ₹12,000 crore of 7.43% GS 2076. Both auctions achieved 99.92% and 99.88% of notified amounts respectively. The 6.68% GS 2040 attracted 240 competitive bids totaling ₹32,591.30 crore with a cut-off yield of 7.5303%, while the 7.43% GS 2076 received 120 bids worth ₹26,999 crore at a cut-off yield of 7.8812%.

Government Stock Auction Results: Cut-off Prices

The Reserve Bank of India conducted a government stock auction on April 2, 2026, successfully raising ₹29,000 crore through two tranches. The 6.68% GS 2040 tranche (₹17,000 crore) was accepted at a cut-off price of ₹92.63 (implicit yield 7.5303%), while the 7.43% GS 2076 tranche (₹12,000 crore) was accepted at a cut-off price of ₹94.38 (implicit yield 7.8812%). Devolvement on Primary Dealers was NIL for both tranches.

RBI Underwriting Auction Results Government Securities

The Reserve Bank of India announced results of an underwriting auction conducted on April 2, 2026, for Additional Competitive Underwriting of government securities totaling ₹29,000 crore. Two securities were underwritten: ₹17,000 crore of 6.68% GS 2040 and ₹12,000 crore of 7.43% GS 2076. Cut-off commission rates were set at 7.40 and 10.10 paise per ₹100 respectively.

Consumer Complaint and Inquiry Records System Modification

The FDIC is modifying its existing system of records FDIC-005, "Consumer Complaint and Inquiry Records," renaming it to "Consumer Complaint and Public Inquiry Records." The modification updates various sections of the SORN, simplifies formatting, and adds four proposed routine uses for public comment. The action becomes effective April 2, 2026, with comments due May 4, 2026.

Near-zero labor force growth affects breakeven employment, GDP

Federal Reserve economists Seth Murray and Ivan Vidangos published a FEDS Notes analysis on April 2, 2026, examining how projected near-zero labor force growth in the United States will affect breakeven employment levels and potential GDP growth. The paper highlights that the labor force is expected to grow at near-zero rates starting in 2026, driven by weak population growth from low net immigration and declining labor force participation due to population aging. The research notes that this would represent an unprecedented shift in U.S. labor market dynamics.

FIAU Enforcement Process and Settlement Provisions Training

The FIAU Malta announced two legal notices (LN 82 and LN 83 of 2026) amending the PMLFTR and CBAR Regulations, introducing settlement agreement powers for administrative penalties and transitional provisions for out-of-court settlements in pending appeals. The FIAU is hosting training sessions on April 2, 2026, to explain the forthcoming Enforcement Guide and new settlement framework.

Payment Platform Directed to Appoint External Auditor for AML/CTF Compliance

AUSTRAC has directed MHITS Limited, a payment platform, to appoint an external auditor within 180 days to assess its AML/CTF compliance. The action follows a supervisory campaign that identified deficiencies in transaction monitoring and suspicious matter reporting (SMRs), with particular concern about funds linked to child sexual exploitation flowing through payment platforms. The audit will be conducted at MHITS Limited's expense.

Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company

The Board of Governors of the Federal Reserve System published a Federal Register notice regarding Change in Bank Control Notices for acquisitions of shares in banks or bank holding companies. This routine notice provides updated information on the regulatory process for reporting and obtaining approval for acquisitions that would result in control of a depository institution. The notice appears to be a standard publication update with no new substantive requirements.

OCC Rescinds Bank Recovery Planning Guidelines

The OCC has issued a final rule rescinding its Guidelines Establishing Standards for Recovery Planning for certain large insured national banks, federal savings associations, and federal branches. The rule eliminates recovery planning requirements that previously applied to institutions with $100 billion or more in average total consolidated assets. The rescission is effective May 1, 2026.

Whistleblower Program Incentives and Protections for BSA and Sanctions Violations

FinCEN published a notice of proposed rulemaking to establish a whistleblower program offering financial incentives and protections for individuals who report potential violations of the Bank Secrecy Act, IEEPA, TWEA, and Foreign Narcotics Kingpin Designation Act. The proposed rule implements statutory requirements from the AML Act of 2020 and AML Whistleblower Improvement Act. Public comments are due June 1, 2026.

Citizens Coinage Advisory Committee Public Meeting Notice

The United States Mint (Department of the Treasury) published a Federal Register notice announcing a public meeting of the Citizens Coinage Advisory Committee scheduled for April 21, 2026. The advisory committee provides recommendations on coinage design, themes, and related United States Mint program matters. This is a routine meeting announcement with no new regulatory requirements.

Privacy Act System of Records FDIC-005 Modification

The FDIC is modifying Privacy Act system of records FDIC-005, renaming it from 'Consumer Complaint and Inquiry Records' to 'Consumer Complaint and Public Inquiry Records.' The agency is seeking public comment on four proposed routine uses and making non-substantive formatting improvements to the notice.

Revised Risk Management Directions for Authorised Dealers on INR Derivatives

RBI issued Circular No. 03 under A.P. (DIR Series) restricting Authorised Dealers from offering non-deliverable derivative contracts involving INR to any users. Deliverable FX derivatives remain permitted only where users do not hold offsetting non-deliverable positions. Rebooking of cancelled INR derivatives and related party transactions involving INR derivatives are also prohibited. Instructions are effective immediately under FEMA 1999.

Master Direction on Currency Distribution Incentives and Penalties for Banks

The Reserve Bank of India has issued a Master Direction consolidating guidelines on incentives for currency distribution and exchange, along with penal provisions for bank branches and Currency Chests (CCs) deficient in customer service and reporting. The Direction references RBI/DCM/2026-27/393 and DCM (CC) No. G-3/03.06.001/2026-27. All previously issued circulars and Master Directions on this subject (listed in Annex III) are withdrawn with immediate effect.

Master Direction on Currency Exchange Procedures for Banks

The Reserve Bank of India issued a Master Direction consolidating all existing guidelines on the Facility for Exchange of Notes and Coins. The direction covers procedures for exchanging soiled, mutilated, and imperfect notes; coin distribution; grievance redressal; and monitoring requirements. All previous circulars listed in Annex II and earlier Master Circulars on the subject stand withdrawn from the effective date.

FEMA Guarantee Reporting Requirements and Forms

The Reserve Bank of India issued A.P. (DIR Series) Circular No. 01 establishing new reporting requirements for guarantee transactions under FEMA (Guarantees) Regulations, 2026. Authorised dealer banks must report guarantee issuances, modifications, and invocations using three new forms (GRN Issue, GRN Modification, GRN Invocation) via the Centralised Information Management System within 30 calendar days of each quarter end. Each guarantee issuance requires a unique Guarantee Transaction Number.

One ISIL entry added to UN sanctions list

RBI issued notification RBI/2026-27/01 requiring regulated entities to implement updates to the UN Security Council ISIL (Da'esh) and Al-Qaida Sanctions List. One individual, Hamidah Nabagala (QDi.439), a Ugandan national born March 9, 1996, has been added to the list pursuant to UNSC resolutions 1267, 1989, and 2253. The individual is subject to assets freeze, travel ban, and arms embargo measures as set out in Security Council resolution 2734 (2024).

Lead Bank Assignment for New Kushavati District in Goa

RBI has designated State Bank of India as the Lead Bank for the newly created Kushavati district in Goa, effective March 30, 2026. The district, formed by the Government of Goa, has been assigned District Working Code '02W'. No changes have been made to Lead Bank assignments for other districts in Goa.

Overseas Investment References - Decentralized Regional Office Processing

The Reserve Bank of India has decentralized the processing of overseas investment references from its Central Office to seven Regional Offices (Ahmedabad, Bengaluru, Mumbai, Kolkata, New Delhi, Hyderabad, Chennai), effective April 1, 2026. Authorised Dealer Category I banks must now submit references through the PRAVAAH portal to the designated regional office based on the UIN (Unique Identification Number) prefix of the foreign entity. This administrative change is being made to the Master Direction - Overseas Investment dated July 24, 2024.

Reserve Bank of India Trade Relief Measures Directions 2026

RBI issued Trade Relief Measures Directions 2026 (RBI/2025-26/263) effective March 31, 2026, extending export credit tenor to up to 450 days for pre-shipment and post-shipment financing. The directions allow regulated entities to permit enhanced credit periods and permit liquidation of packing credit facilities from alternate sources for exporters impacted by the West Asian crisis.