Regulatory Tracker

On Jul 7, 2026, the Federal Reserve proposed a rule requiring Board-supervised banks to maintain risk-based AML/CFT programs under the BSA. The proposal covers 858 institutions and aligns with FinCEN requirements and the Anti-Money Laundering Act of 2020.

The Federal Reserve Board issued an enforcement action against TS Banking Group, Inc. and TS Contrarian Bancshares, Inc. on Jul 9, 2026. The nature of the action was not disclosed in the posting.

The California DFPI took enforcement action against Navitas for unlicensed lending, as listed in the agency's July 2026 monthly bulletin. Details of the penalty were not disclosed in the available source text.

Senator Pete Ricketts introduced S. 4839, the Bank-Fintech Partnership Enhancement Act, which would require the Federal Reserve, OCC, FDIC, and NCUA to study bank and credit union fintech partnerships.

The OCC tightened application standards with greater transparency on application denials, as part of broader regulatory moves affecting digital finance and embedded banking models in June 2026.

U.S. senators introduced a bill on June 22, 2026 to study fintech deals with banks and credit unions. The legislation signals growing congressional attention on the risks and structures of bank-fintech arrangements.

The CFPB adopted new enforcement principles prioritizing actual consumer harm, due process, collaboration with institutions, and efficiency. The framework encourages self-reporting and voluntary remediation over adversarial enforcement actions.

The OCC released its June 2026 batch of enforcement actions on June 18, 2026. The release confirms enforcement actions were taken but specific bank names, fintech partnerships, and detailed violations have not yet been publicly enumerated in available summaries.

A multi-agency proposed rule from FinCEN, the Federal Reserve, OCC, FDIC, and NCUA would align stablecoin issuers with bank-like compliance expectations and address illicit finance risk. The rulemaking targets the growing intersection of banking and digital asset services.

The UK Payment Systems Regulator fined Barclays £8.4 million on Dec 02, 2022, for failing to comply with the Interchange Fee Regulation. Barclays did not provide retailers with required information about card payment costs over a three-year period.

The OCC entered a consent order with an unnamed fintech partner bank over deficiencies in its BSA/AML compliance program. The order addresses gaps in risk assessment, customer due diligence, and transaction monitoring.

The U.S. House Financial Services Digital Assets, FinTech & AI Subcommittee held a hearing on May 20, 2026 focused on bank-fintech partnerships. The hearing examined risks, compliance responsibilities, supervision, and policy options for bank-fintech collaborations.

The CFTC asked a judge to vacate a $5 million penalty against crypto exchange Gemini. The request was filed on May 28, 2026, in connection with a long-running enforcement case.

The Reserve Bank of India fined Shree Laxmi Co-operative Bank Ltd. ₹2 lakh on May 27, 2026, for shortcomings in KYC compliance.

On May 22, 2026, the FDIC proposed rules setting AML/CFT and sanctions compliance standards for permitted payment stablecoin issuers under the GENIUS Act. The proposal aligns PPSI oversight with FinCEN and BSA requirements.

The OCC issued a consent order against Community Federal Savings Bank for BSA/AML compliance deficiencies. Violations included suspicious activity reporting and USA PATRIOT Act information sharing requirements.

The OCC granted conditional approval to Augustus to establish a full-service U.S. national bank. The company describes the bank as "the world's first clearing bank for the AI era," built on a stablecoin and AI-native core.

Payward, parent company of the Kraken cryptocurrency exchange, filed an application with the OCC for a national trust company charter. The charter would cover fiduciary custody and other services for digital assets.

MAS reprimanded two senior managers at Havenport Investments Pte Ltd and imposed a $40,000 composition fine on the firm for breaches of the Securities and Futures Act. The action was published on May 18, 2026.

The FCA fined Monzo Bank £21 million for lax anti-money laundering controls. Monzo opened more than 34,000 high-risk customer accounts between August 2020 and June 2022, breaching a prior restriction.

The Massachusetts Division of Banks settled with Bridge It Inc. (dba Brigit) for $1.9 million over unlicensed third-party loan servicing dating back to at least July 2021. The company was ordered to cease unlicensed activity immediately.

The California DFPI imposed a $1 million penalty on Yotta Technologies on May 15, 2026, for falsely marketing customer accounts as FDIC-insured. Yotta had moved those accounts to Synapse Brokerage LLC, which filed for bankruptcy in April 2024.

Lietuvos bankas imposed a €290,000 monetary sanction on UAB Walletto following a targeted inspection that found AML/CFT internal control weaknesses and client funds safeguarding deficiencies. The sanction was publicly disclosed.

Lietuvos bankas introduced dedicated supervisory contact persons for selected EMIs and PIs to strengthen regulatory dialogue and improve supervisory consistency. The model is expected to expand to additional institutions.