U.S. Regulators Warn Banks on Borrowers without Work Authorization
Three federal banking regulators on Monday told banks and credit unions to weigh whether borrowers who lack legal authorization to work in the United States can reliably repay their loans, warning that such lending “may present elevated credit risk.”
U.S. Regulators Propose Customer ID Rule for Stablecoin Issuers
The U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) and four federal banking regulators proposed a rule on Wednesday that would require permitted payment stablecoin issuers to maintain customer identification programs under the GENIUS Act’s anti-money-laundering (AML) framework.
FinCEN Issues Advisory Warning Banks on Payroll Fraud Tied to Migrants
FinCEN and other U.S. regulators on Friday issued a joint advisory warning banks to be alert to payroll fraud and identity-theft schemes connected to the employment of undocumented migrants, citing more than $2.5 billion in suspicious activity reported to the bureau in 2025.
U.S. Regulators to Consider Citizenship Status of Bank Customers a Risk Factor
President Donald Trump signed an executive order Tuesday directing federal financial regulators to treat undocumented immigrants as potential credit and compliance risks.
Trump’s ‘Debanking’ Fight Could Prompt Institutions to Keep Risky Clients
Trump’s crackdown on “debanking” is colliding with a core compliance problem for U.S. banks: the very policies his administration wants to curb have long given lenders a way to cut off customers they suspect of wrongdoing without violating federal secrecy rules.
U.S. Regulators Propose Easing Capital Rules for Lenders
U.S. regulators on Thursday proposed easing bank capital rules, a move that would allow the country’s largest lenders to hold billions of dollars less in capital and mark a major win for the sector.
PayPal Files Application to Launch a Bank
PayPal has applied to form a bank that would offer business loans and interest-bearing savings accounts, a move that would deepen the payments company’s push into core banking services, The Wall Street Journal reported.
Treasury Seeks ‘Gatekeeper’ Role in AML Penalties
The Trump administration is moving to give the U.S. Treasury Department’s financial intelligence unit a decisive say over how banks are punished for anti–money-laundering (AML) failures, according to new reporting by The Wall Street Journal.
FDIC Moves to Limit Bank Examiner Warnings to ‘Material’ Risks
The Federal Deposit Insurance Corp. (FDIC) proposed tightening how bank examiners issue warnings and penalties, aiming to keep supervision focused on safety and soundness, according to report by Bloomberg.
Monzo Mulls Fresh U.S. Banking License Bid Amid Deregulatory Shift
UK digital bank Monzo is weighing a fresh attempt to secure a US banking license, four years after abandoning its previous bid when talks with regulators stalled, according to the Financial Times.