Newsbytes | ABA Banking Journal

FCC releases draft order to protect fraud alerts

ABA Banking Journal Staff — Wed, 09 Sep 2026 21:28:43 +0000

The Federal Communications Commission released a draft order that would rewrite the agency’s “revoke all” rule – an action that ABA has long advocated. The FCC will vote on the draft order at its Sept. 30 open meeting.

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Fannie Mae, Freddie Mac expand VantageScore availability to all lenders

ABA Banking Journal Staff — Wed, 09 Sep 2026 20:32:54 +0000

Fannie Mae and Freddie Mac will now allow all lenders the option to use VantageScore 4.0 to assess the creditworthiness of single-family mortgages.

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Hill: FDIC on track to issue stablecoin rulemaking by year’s end

ABA Banking Journal Staff — Wed, 09 Sep 2026 19:39:13 +0000

The FDIC plans to issue a final rulemaking before the end of the year to establish an application process and prudential requirements for stablecoin issuers under its jurisdiction, although likely not until after the OCC issues its own stablecoin rules, FDIC Chairman Travis Hill said.

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Government report finds cannabis banking in limbo amid regulatory uncertainty

ABA Banking Journal Staff — Wed, 09 Sep 2026 19:20:51 +0000

The number of banks and credit unions reporting that they provided services to cannabis-related businesses has remained relatively unchanged since 2019, with several representatives from financial institutions citing regulatory risk as the reason they didn't provide services to the sector, according to a new report by the Government Accountability Office.

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ABA urges accounting standards body to appropriately scale objectives, inspections

ABA Banking Journal Staff — Wed, 09 Sep 2026 18:58:59 +0000

As the Public Company Accounting Oversight Board considers modernizing its standard-setting and enforcement operations, the board should ensure its objectives are proportionate to the risks they address and guarantee that bank audits are not selected for inspection more frequently than audits for other business sectors, ABA said.

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FinCEN, banking agencies release FAQs on digital credentials, customer ID

ABA Banking Journal Staff — Tue, 08 Sep 2026 21:08:20 +0000

Financial institutions may use a mobile driver’s license or other government-issued virtual ID as a form of documentary verification for purposes of customer identification program compliance, so long as they maintain the appropriate technology or systems to extract the relevant information from the IDs, according to FAQs published today by FinCEN and banking agencies.

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New York Fed: Inflation expectations ticked down in August

ABA Banking Journal Staff — Tue, 08 Sep 2026 20:34:25 +0000

Consumer inflation expectations in August decreased slightly at the medium-term horizon and remained unchanged at the short- and longer-term horizons, according to the Federal Reserve Bank of New York’s most recent Survey of Consumer Expectations.

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ABA, associations urge FHA to provide clear language about eligibility for VA loan terms

ABA Banking Journal Staff — Tue, 08 Sep 2026 20:12:43 +0000

ABA joined five associations in urging the Federal Housing Administration to provide clear language about eligibility for VA loan terms, as required under legislation recently passed by Congress.

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FinCEN issues alert on Iran, commercial aviation parts procurement

ABA Banking Journal Staff — Tue, 08 Sep 2026 20:08:04 +0000

FinCEN issued an alert for financial institutions on identifying and reporting procurement networks supporting Iran’s aviation industry. The alert was issued in conjunction with the announcement that the Treasury Department was imposing sanctions on 36 entities tied to Iran’s aviation sector.

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Consumer credit increased a seasonally adjusted annual rate of 4.2% in July

Aakash Gupta — Tue, 08 Sep 2026 19:16:09 +0000

Consumer credit increased at a seasonally adjusted annual rate of 4.2% in July. Total outstanding credit increased to $5,186.2 trillion during the month, from June’s revised total of $5,168.2 trillion.

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