News & Analysis as of September 7, 2025

FinCEN › Federal Reserve

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The Financial Crimes Enforcement Network (FinCEN) is a bureau of the U.S. Department of the Treasury charged with detecting and combatting illegal activity within the financial system. FinCEN detects evidence of... more +

The Financial Crimes Enforcement Network (FinCEN) is a bureau of the U.S. Department of the Treasury charged with detecting and combatting illegal activity within the financial system. FinCEN detects evidence of money laundering, terrorist financing and other financial crimes by collecting, monitoring, and analyzing financial transaction data. Such data is disseminated to both domestic and international law enforcement agencies. less -

Nutter Bank Report: August 2025

Nutter McClennen & Fish LLP on 8/29/2025

Comptroller of the Currency Jonathan Gould and Acting FDIC Chairman Travis Hill recently issued public statements in support of President Trump’s executive order titled Guaranteeing Fair Banking For All Americans. The...more

White House Issues Debanking and 401(k) Asset Executive Orders, SEC Clarifies Liquid Staking and Lawmakers Advance AI Innovation...

Paul Hastings LLP on 8/18/2025

This week’s developments reflect continued executive branch action and regulatory guidance shaping the digital asset and financial technology landscape. The President signed two executive orders: one aimed at eliminating...more

Fed joins agencies in allowing banks to access tax ID numbers from third parties

Orrick, Herrington & Sutcliffe LLP on 8/11/2025

On July 31, the Fed, with the concurrence of FinCEN, issued an order exempting banks supervised by the Fed from a Customer Identification Program (CIP) rule implementing Section 326 of the USA PATRIOT Act. As previously...more

Fed Follows Earlier OCC, FDIC, and NCUA Orders Allowing Banks to Collect TIN Information from Third Parties

King & Spalding on 8/11/2025

On July 31, 2025, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued an exemptive order in coordination with the Board of Governors of the Federal Reserve System (the “Fed”) that allows...more

Passage of the GENIUS Act: A Turning Point in Stablecoin and Digital Asset Regulation

Cozen O'Connor on 7/22/2025

President Donald J. Trump has signed into law the GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins of 2025 or the GENIUS Act of 2025), establishing the first comprehensive federal framework for...more

FinCEN Delays AML Program Rule for Investment Advisers

Ropes & Gray LLP on 7/22/2025

On July 21, the U.S. Treasury Department’s Financial Crimes Enforcement Network (“FinCEN”) announced that it intends to delay implementation of its final rule, Anti-Money Laundering/Countering the Financing of Terrorism...more

Federal banking agencies seek information on actions to address payments fraud

Ballard Spahr LLP on 7/10/2025

On June 20, 2025, the Office of the Comptroller of the Currency (OCC), Treasury, the Board of Governors of the Federal Reserve System (FRB), and the Federal Deposit Insurance Corporation (FDIC) announced they are seeking...more

Nutter Bank Report: June 2025

Nutter McClennen & Fish LLP on 6/30/2025

The Federal Reserve has announced that the agency will no longer assess reputational risk when examining banks’ risk management processes. According to the June 23 announcement, the Federal Reserve has already begun reviewing...more

Blockchain and Digital Assets News and Trends – May 2025

DLA Piper on 5/20/2025

This periodic bulletin is designed to help companies identify important legal developments governing the use and acceptance of blockchain technology, smart contracts, and digital assets. While the use cases for blockchain...more

Weekly Blockchain Blog - May 2025

BakerHostetler on 5/5/2025

U.S. Companies Continue Stablecoin Payment Integrations, Product Launches - According to a recent press release, a major multinational payment card services company has announced several new programs to support global...more

Daily Financial Regulation Update -- Tuesday, April 15, 2025

Paul Hastings LLP on 4/15/2025

April 11, 2025- The Credit Access and Inclusion Act was introduced to expand credit access for millions of Americans with limited or non-existent credit histories. April 14, 2025- Federal Reserve Board Governor...more

Daily Financial Regulation Update -- Thursday, April 10, 2025

Paul Hastings LLP on 4/10/2025

April 9, 2025- The U.S. House Committee on Financial Services Subcommittee on Digital Assets, Financial Technology and Artificial Intelligence held a hearing entitled “American Innovation and the Future of Digital Assets...more

Daily Financial Regulation Update -- Monday March 24, 2025

Paul Hastings LLP on 3/24/2025

March 21, 2025 - The Financial Crimes Enforcement Network (FinCEN) issued an interim final rule striking the requirement for U.S. companies and U.S. persons to report beneficial ownership information (BOI) to FinCEN under...more

Latest Executive and Legislative Actions Continue Crypto-Friendly Movement

Paul Hastings LLP on 3/21/2025

The past two weeks have been a whirlwind of activity for the financial and crypto sectors, with developments on Capitol Hill and from key regulatory agencies. President Donald Trump’s nomination of Michelle Bowman as the...more

Troutman Pepper Locke Weekly Consumer Financial Services Newsletter – March 2025 # 3

Troutman Pepper Locke on 3/20/2025

To keep you informed of recent activities, below are several of the most significant federal and state events that have influenced the Consumer Financial Services industry over the past week....more

Agencies Ease Crypto Scrutiny as White House Advances its Digital Assets Policy

DLA Piper on 3/13/2025

Actions come as Trump Administration hosts digital asset summit, creates bitcoin reserve, and pushes stablecoin legislation - Recent actions by federal agencies and the White House could herald a sea change in US policy...more

Daily Financial Regulation Update -- Monday March 3, 2025

Paul Hastings LLP on 3/3/2025

February 27, 2025 - FinCEN announced that it will not issue fines or penalties or take any other enforcement actions against any companies based on any failure to file or update beneficial ownership information (BOI)...more

Daily Financial Regulation Update -- Thursday February 27, 2025

Paul Hastings LLP on 2/27/2025

February 26, 2025- The U.S. House Committee on Financial Services Subcommittee on Capital Markets held a hearing entitled “The Future of American Capital: Strengthening Public and Private Markets by Increasing Investor...more

Congress Narrows in on Stablecoin Legislation: An Analysis of the STABLE and GENIUS Acts

Troutman Pepper Locke on 2/13/2025

The payment stablecoin (PS) legislative endgame is near. There is a clear imperative from the White House to prioritize stablecoin legislation and preserve the U.S. dollar as the world’s reserve currency. Both chambers of...more

Fiat Ramps Unlocked: Practical Tips For Banks And Crypto Firms

K2 Integrity on 1/16/2025

Ask any centralized cryptocurrency firm to name one of their biggest priorities or challenges—and then count the number of times they mention bank partnerships. For crypto firms, the loss of, or failure to acquire, a bank...more

Daily Financial Regulation Update -- Thursday January 9, 2025

Paul Hastings LLP on 1/9/2025

January 8, 2025- The Federal Reserve released the minutes of the Federal Open Market Committee meeting that was held on December 17–18, 2024. January 8, 2025 - Federal Reserve Board Governor Christopher J. Waller gave a...more

Daily Financial Regulation Update -- Thursday December 19

Paul Hastings LLP on 12/19/2024

December 18, 2024- The Federal Open Markets Committee decided to lower the target range for the federal funds rate by 1/4 percentage point to 4-1/4 to 4-1/2 percent. The Board of Governors of the Federal Reserve System...more

Focus on Fintech – Q3 2024

Wilson Sonsini Goodrich & Rosati on 12/17/2024

In this issue of Wilson Sonsini's Focus on Fintech, our attorneys discuss updates and developments from federal regulators, including those related to bank-fintech partnerships, cryptocurrency and virtual currency updates,...more

Daily Financial Regulation Update -- Thursday December 12

Paul Hastings LLP on 12/13/2024

December 11, 2024- The U.S. Senate Committee on Banking, Housing, and Urban Affairs held a hearing entitled “Protecting Workers’ Money and Fighting for the Dignity of Work.”...more

Daily Financial Regulation Update -- Thursday December 5

Paul Hastings LLP on 12/5/2024

December 4, 2024- The U.S. House Committee on Financial Services held a hearing entitled “Innovation Revolution: How Technology is Shaping the Future of Finance.”...more

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