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FHFA Stress Testing Results Reporting Rule and Guidance

The Federal Housing Finance Agency (FHFA) has issued a new rule and accompanying guidance regarding the reporting of stress testing results. This action establishes requirements for regulated entities to report the outcomes of their stress tests, aiming to enhance financial stability and risk management within the housing finance sector.

FinCEN Proposes Special Measure for MBaer Merchant Bank AG

FinCEN has issued a notice of proposed rulemaking to designate MBaer Merchant Bank AG as a financial institution of primary money laundering concern. The proposed special measure would prohibit U.S. financial institutions from opening or maintaining correspondent accounts for MBaer and require enhanced due diligence for transactions involving the bank.

FinCEN Geographic Targeting Order for Minnesota Financial Institutions

FinCEN has issued a Geographic Targeting Order (GTO) requiring banks and money transmitters in Hennepin and Ramsey Counties, Minnesota, to retain and report records of certain payments of $3,000 or more. This order is effective February 12, 2026, and aims to combat international money laundering of government benefits fraud proceeds.

FinCEN Geographic Targeting Order: Southwest Border Money Services Businesses

FinCEN has issued a Geographic Targeting Order (GTO) requiring certain money services businesses along the U.S. southwest border to report and retain records of currency transactions between $1,000 and $10,000. This order aims to combat illicit finance by drug cartels and other illicit actors.

FinCEN Delays AML/CFT Rules for Investment Advisers

FinCEN has issued a final rule delaying the effective date of its Anti-Money Laundering/Countering the Financing of Terrorism (AML/CFT) program and Suspicious Activity Report (SAR) filing requirements for registered investment advisers and exempt reporting advisers. The compliance deadline has been pushed back by two years.

FSOC Notice Withdrawn: NB Summary - Sept 13 UST CCMR Meeting

The Financial Stability Oversight Council (FSOC) has withdrawn a notice regarding the NB Summary from the Sept 13 UST CCMR Meeting. The document was withdrawn because it was intended for public submissions.

FSOC Guidance on Nonbank Financial Company Determinations

The Financial Stability Oversight Council (FSOC) has issued final interpretive guidance detailing its process for determining whether to subject nonbank financial companies to prudential standards and supervision by the Federal Reserve. This guidance clarifies the application of section 113 of the Dodd-Frank Act.

FSOC Notice on Designation of Financial Market Utilities

The Financial Stability Oversight Council (FSOC) is seeking public comment on its information collection related to the designation of systemically important financial market utilities (FMUs). This notice is part of an effort to reduce paperwork burden and concerns the authority granted under the Dodd-Frank Act.

FSOC Meeting Notice Withdrawn

The Financial Stability Oversight Council (FSOC) has withdrawn a notice regarding its November 1, 2023 meeting. The reason cited for withdrawal is that the document should have been filed under public submissions rather than the current location.

FSOC Publishes Analytic Framework for Financial Stability Risk

The Financial Stability Oversight Council (FSOC) has published its final analytic framework for identifying, assessing, and responding to risks to U.S. financial stability. This framework outlines the FSOC's approach and is intended to provide clarity to market participants and stakeholders.