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Despite the increasing adoption of digital payments, check fraud remains a significant challenge for financial institutions. According to FinCEN, check fraud losses in the U.S. totaled $21 billion in 2023, representing nearly 80% of global check fraud losses. The FTC reported that check fraud was high on the list of frauds that cost consumers over $10 billion in 2023. The persistent threat of check fraud has far-reaching consequences for the banking industry. Financial institutions face

Last week, the Office of the Comptroller of the Currency (OCC) released significant updates regarding crypto banking, aiming to clarify regulations and expectations for banks involved in digital asset services. Here’s a breakdown of the key points from their latest releases: Interpretive Letter and Withdrawals The OCC issued an interpretive letter reinstating guidance on two critical fronts: crypto custody services and stablecoin reserves. This move effectively re-establishes the framework for banks to provide custody services

When it comes to TRID (TILA-RESPA Integrated Disclosure) compliance, even the most seasoned professionals can encounter challenges. We recently received a very specific question about navigating TRID and manufactured home loans. We thought other members of our community might benefit from this exchange and have published it below. What is the correct TRID purpose for placing a manufactured (double-wide) home on land that is owned free and clear? For context: The loan was closed with

Earlier this week, the Federal Deposit Insurance Corporation (FDIC) has announced a delay in the compliance deadline for certain provisions of its Sign and Advertising Rule. Originally set to take effect on May 1, 2025, the new rules will now be postponed until March 1, 2026. This delay applies to requirements for displaying the FDIC’s official sign on digital channels and ATMs. The FDIC cited concerns about potential consumer confusion and the need for further

Who’s Who at the Helm of Federal Banking Regulatory Agencies? Newly inaugurated President Trump signed his first batch of Executive Orders on January 20, 2025. Among them was an Executive Order that included a regulatory freeze, blocking all regulatory agencies from proposing or issuing any rules until they are reviewed and approved by a Trump-appointed executive. We have started to see those Trump-appointed executives take their places across the financial regulatory agencies and expect them