The requirement that banks collect identifying information “from the customer” under the Customer Identification Program rule does not preclude the use of pre-populated information, the FDIC said.
FinCEN temporarily exempted investment advisors from a new rule requiring them to comply with Bank Secrecy Act regulations, saying it intends to propose new rulemaking in the near future.
FHFA will increase the amount that Fannie Mae and Freddie Mac can invest in Low-Income Housing Tax Credit properties from $1 billion to $2 billion each, a total of $4 billion per year.
The Federal Reserve and FDIC released the public sections of the resolution plans — also known as “living wills” — for the eight largest and most complex domestic banks and 56 foreign banks.
Total U.S. household debt increased by $185 billion, or 1%, to $18.39 trillion in the second quarter of 2025, according to the New York Fed’s Quarterly Report on Household Debt and Credit.
Peoples Savings Bank and First Missouri Bancshares in Missouri and Campbell County Bank in South Dakota announce acquisitions.
