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Reg J Amendment for FedNow and Fedwire Funds Transfers

The Federal Reserve proposes amendments to Regulation J governing the collection of checks and other items by Federal Reserve Banks, and clarifies rules for funds transfers through Fedwire Funds Service and the FedNow Service. The proposal seeks to modernize payment system regulations as FedNow adoption grows.

Federal Reserve Rules of Procedure Correction Notice

The Federal Reserve System has issued a correction notice regarding its Rules of Procedure. This document corrects minor errors in the previously published rule, ensuring accuracy in the official record.

Illinois Issues Cease and Desist Order to Kirk J. Reeves

The Illinois Department of Financial and Professional Regulation has issued a cease and desist order against Kirk J. Reeves for operating businesses using the terms "bank" and "trust" without proper authorization. The order cites violations of the Illinois Banking Act and the Corporate Fiduciary Act.

FinCEN Geographic Targeting Order for Southwest Border MSBs

The Financial Crimes Enforcement Network (FinCEN) has issued a Geographic Targeting Order (GTO) imposing recordkeeping and reporting requirements on certain Money Services Businesses (MSBs) along the U.S. Southwest border. This rule specifically targets transactions between $1,000 and $10,000.

Correction to Federal Reserve Rules Regarding Delegation of Authority

The Federal Reserve System has issued a correction to its rules regarding the delegation of authority. This correction amends 12 CFR Part 265 and was published in the Federal Register on March 5, 2026.

OCC Simplifies Bank Licensing for Institutions Under $30 Billion

The Office of the Comptroller of the Currency (OCC) has issued a final rule amending community bank licensing procedures. This rule simplifies the process for banks with assets under $30 billion, aiming to reduce regulatory burden. The amendments are effective April 3, 2026.

OCC National Bank Chartering Rule on Non-Fiduciary Activities

The Office of the Comptroller of the Currency (OCC) has amended its national bank chartering rule concerning non-fiduciary activities. This final rule, published in the Federal Register, will take effect on April 1, 2026.

FinCEN Proposes Special Measure Against Swiss MBaer Bank

The Financial Crimes Enforcement Network (FinCEN) has proposed a special measure against MBaer Merchant Bank AG, a Swiss financial institution, identifying it as a primary money laundering concern. This proposal aims to protect the U.S. financial system from illicit finance.

Bank Secrecy Act Advisory Group: Membership Nominations

The Financial Crimes Enforcement Network (FinCEN) is soliciting nominations for membership to the Bank Secrecy Act Advisory Group (BSAAG). Nominations must be received by March 27, 2026. This notice outlines the application process and criteria for selection.

Comptroller of the Currency Proposed Rule: Bank Appeals Process

The Office of the Comptroller of the Currency (OCC) has issued a proposed rule to establish a formal bank appeals process. The public comment period for this proposed rule closes on April 20, 2026.