Fiecke-Stifter v. MidCountry Bank - TILA/FDCPA Claims in Foreclosure

The 8th Circuit affirmed dismissal of a TILA claim in Fiecke-Stifter v. MidCountry Bank, holding that 15 U.S.C. § 1639f(a) permits servicers to credit payments upon receipt and later return insufficient funds. The court vacated and remanded an FDCPA claim against foreclosure counsel, directing the district court to determine whether failing to provide a reinstatement amount within three days under Minnesota § 580.30 deprives counsel of the "present right to possession" required by § 1692f(6)(A). The case arose from a Minnesota nonjudicial foreclosure where the heir redeemed property for $77,159 versus a $58,722 loan balance.

Updated Guidance on Nonbank Financial Company Designations

FSOC released proposed interpretive guidance on nonbank financial company designations for public comment, replacing the 2023 analytic framework. The guidance prioritizes an activities-based approach over entity-specific designations, introduces a pre-designation off-ramp with 180 days to resolve risks, and raises the threshold for designation to 'severe damage on the broader U.S. economy.' The proposed guidance is open for a 45-day public comment period.

FDIC Rescinds 2009 Failed Bank Acquisition Policy

The FDIC Board of Directors rescinded its 2009 Statement of Policy on Qualifications for Failed Bank Acquisitions and related 2010 guidance effective March 23, 2026. The rescission removes heightened capital standards, cross-guarantee requirements, restrictive affiliate transaction limits, and lengthy continuity of ownership requirements that applied to private capital investors acquiring failed bank assets. The FDIC stated the restrictions may have discouraged nonbank participation in failed bank resolutions and increased costs to the Deposit Insurance Fund.

5th Circuit denies FDIC jurisdiction rehearing, bank enforcement

5th Circuit denies FDIC jurisdiction rehearing, bank enforcement

Boeing 737 Airworthiness Directive - Thrust Reverser Actuator Inspection

The FAA proposes a new airworthiness directive for all Boeing Model 737-600, -700, -700C, -800, -900, and -900ER series airplanes addressing incorrect upper locking hydraulic actuator indications that could result in a thrust reverser indicating 'locked' when it is not. The proposed AD would require measurements, tests, operational checks, applicable on-condition actions, and revision of maintenance or inspection programs to incorporate certification maintenance requirements (CMR).

Airbus A350-941 Airworthiness Directive - MLG Brake Rod Inspection

The FAA proposes a new airworthiness directive for Airbus SAS Model A350-941 airplanes following discovery of a missing main landing gear brake rod center pin nut sub-assembly during routine inspection. The proposed AD would mandate inspections of the MLG brake rod center pin nut, lock ring, end plate, and corrective actions depending on airplane configuration. Comments are due May 14, 2026.

FAA Proposes Designating Air Mods NW STCs Abandoned

The FAA proposes to designate 12 Air Mods NW Supplemental Type Certificates (STCs) as abandoned and make the related engineering data publicly available upon request. The STCs cover various aircraft modifications including engine mounts, propellers, fuel tanks, and cowlings. The FAA is accepting public comments through September 28, 2026 (Docket No. FAA-2026-2719).

Employee Assault Prevention and Response Plan Information Collection Renewal

The FAA is seeking public comments to renew OMB approval for information collection related to Employee Assault Prevention and Response Plans (EAPRP) under the FAA Reauthorization Acts of 2018 and 2024. Part 121 air carriers must submit these plans regarding assault prevention for customer service agents. The estimated annual burden is $3,868 across 9 respondents.

Petition for UAS Exemption for Agricultural Operations

A&N Fishback Acres has filed a petition with the FAA seeking exemption under 49 U.S.C. § 44807 and 14 C.F.R. Part 11 to conduct unmanned aircraft systems (UAS) operations for commercial agricultural services. The petition requests authorization to operate drones weighing 55 pounds or more, conduct daytime autonomous operations without an FAA-issued airman medical certificate, and increase operational speed to 50 mph.

Dr Drones LLC FAA exemption petition terminated

The FAA terminated Dr Drones LLC's exemption petition as of October 31, 2025. The exemption had authorized the company to operate drones for agricultural aircraft operations under 49 U.S.C. §§ 44701(f), 44807 and 14 C.F.R. Part 11. This is a routine administrative termination affecting one company's exemption status under FAA's unmanned aircraft regulations.