Compliance Journal
March 2026
Special Focus
2025-2026 State Legislative Update
The most active portion of Wisconsin’s 2025-2026 legislative session is coming to a close. While the biennial legislative term does not formally end until January 4, 2027, the last general-business floorperiod is scheduled for March 17 to 19. That leaves only a limited-business floorperiod and veto review to follow. WBA has been active on a variety of issues, and the following article is presented as a review of what has occurred so far this session.
A law was passed this session which increased the threshold of transactions subject to the Wisconsin Consumer Act (WCA). Previously, covered consumer credit transactions were those for which the amount financed was $25,000 and below. As of January 1, 2027, that amount will increase to $50,000. This change is discussed in more detail below.
Additional issues for the banking industry this session centered around fraud and digital assets. As a continuation of previous sessions, WBA advocated for legislation that would allow financial institutions to pause transactions in cases of suspected elder financial abuse. While a bill was introduced and passed the Assembly, it has yet to make it out of the Senate. As such, no law has been passed this session. However, lawmakers are well-aware that fraud remains a serious issue not just for the banking industry, but across the state. Fraud will remain a top priority in the coming years.
Issues surrounding digital assets and cryptocurrency have surged in recent years. This session saw a variety of bills introduced on those topics. Most notably, three bills were introduced this session which were at the forefront. One regulating virtual currency kiosks, another limiting regulation on digital assets, and the third defining staking of cryptocurrencies as not a securities activity.
Virtual currency kiosks have been appearing at more and more locations and have been increasingly utilized for fraudulent transactions. WBA supported legislation designed to reduce fraud in this area through daily transaction limits and refunds.
Additionally, separate bills were introduced which would limit the ability to regulate digital assets. WBA opposed two bills which were introduced to deregulate certain digital asset related activities. One which would limit the state’s ability to regulate cryptocurrency and another which would classify cryptocurrency staking as not a security.
As of writing this article, none of these bills were signed into law this session.
Lastly, while the topic of interchange fees is still a top issue for the industry, it did not arise this session. Previously introduced bills would have prohibited financial institutions from charging interchange fees on the sales tax portion of credit card transactions. While a draft was circulated over a year ago, no bill was ever formally introduced. A coalition of retailers put forth an effort to introduce legislation, but their efforts were defeated this session.
The rest of this article presents new laws enacted this session. While the change to the WCA is significant to the industry (discussed more below), the remaining laws passed this session are largely only indirectly significant to the banking industry. They may be relevant to bank customers or indirectly influence bank processes and procedures. To that extent, this article presents those selected new areas of law below, along with a short summary, primarily for purposes of awareness.
Special Focus
New Laws Passed This Session
The first item covered in this article relates to a change to the WCA. The remaining new laws covered in this section cover a wide range of topics. Topics include tax incremental financing (TIF), environmental programs, business development credits, vehicle regulation, agricultural compliance, and land development procedures. They may potentially indirectly influence lending policy, collateral evaluation, customer advisory practices, and financial product opportunities across the state.
Act 105 expands the dollar thresholds that govern both consumer credit coverage and access to small claims court. The Act amends Wis. Stat. section 421.202(6), which increases the dollar limit threshold used to determine whether certain consumer credit transactions are covered by the WCA from $25,000 to $50,000. Meaning, consumer credit transactions with an amount financed over $50,000, motor vehicle consumer leases with total lease obligations exceeding $50,000, and other consumer transactions with a cash price above $50,000 are excluded. This will result in more transactions being subject to the WCA based upon the amount of the transaction. Banks will need to review and update lending policy and procedures to ensure proper compliance.
Act 105 also expands the jurisdictional limits of Wisconsin small claims court. The general small claims monetary cap increases from $10,000 to $15,000. Additionally, the maximum value of property eligible for replevin actions in small claims court increases from $10,000 to $15,000. This threshold increases the range of actions which may be pursued through small claims procedures and recovery of personal property collateral for higher-value replevin actions.
Act 105 was enacted on March 20, 2026, and takes effect on January 1, 2027.
The state’s biennial budget, Act 15, became effective July 4, 2025, authorizing major investments in statewide capital projects, transportation, education, and economic development programs. For a more detailed look at the State of Wisconsin budget, see the July, 2025 WBA Compliance Journal
Act 78 expands the Business Development Tax Credit by clarifying and broadening what qualifies as eligible investment in workforce housing and employee child care programs. For taxable years beginning January 1, 2026, businesses may claim a credit of up to 15 percent of investments made in workforce housing and up to 15 percent for employee child care programs. Qualifying investments now expressly include capital expenditures and contributions to third parties, including local revolving loan fund programs. This may create increased financing activity for housing, child care facilities, and related community development programs.
Act 46, effective November 2, 2025, allows municipalities to authorize the impoundment of vehicles involved in reckless driving when the owner has outstanding forfeitures. In rare circumstances, this may potentially impact lenders when financed vehicles become subject to impoundment. However, even then, any impact would be operational and would not affect a bank’s security interests to the vehicle.
A few new laws were passed which relate to vehicles:
• Act 64, effective December 11, 2025, updates definitions and regulatory treatment for ATVs and UTVs, including rules for out-of-state vehicles.
• Act 83, effective March 1, 2026, increases the maximum allowable weight for UTVs from 3,000 pounds to 3,500 pounds.
• Act 53, effective October 1, 2026, expands Wisconsin’s fleet registration program to include larger classes of vehicles and trailers.
March 2026
Volume 31, Number 9
Wisconsin Bankers Association
4721 South Biltmore Lane, P.O. Box 8880, Madison, Wisconsin, 53708-8880
Senior Writers
Heather MacKinnon
Scott Birrenkott
Editor
Ramon Morales
Layout Christian Heo
Copyright ©2026
Wisconsin Bankers Association. All rights reserved. Reproduction by any means of the entire contents or any portion of this publication without prior written permission is strictly prohibited. This publication is intended to provide accurate information in regard to the subject matter covered as of the date of publication; however, the information does not constitute legal advice. If legal advice or other expert assistance is required, the services of a competent and professional person should be sought.
Special Focus
While none of these three new laws directly impact lending operations, banks that finance recreational vehicles or UTVs may want to be aware of the changes. Banks with business customers who maintain or seek large fleets of vehicles may want to be aware of the law change expanding the state’s fleet registration program.
Act 66, effective December 11, 2025, establishes new requirements for planting certified seed potatoes on five or more acres, along with significant penalties for noncompliance. Agricultural lenders with customers involved in this industry may want to be aware.
Act 67, effective December 11, 2025, updates leasing requirements and tenant protections in mobile and manufactured home communities, including written lease mandates and minimum terms. The new law is designed to protect residents of mobile and manufactured home communities from unfair leasing practices by requiring written leases of reasonable duration, prohibiting discrimination based on a home’s age, establishing clear and limited grounds for termination, and ensuring adequate advance notice when a community or site is being permanently closed. While it should not impact bank lending operations, it is worth being aware of for those lenders with mobile and manufactured home borrowers who have leases.
Act 69, effective January 1, 2027, makes changes to residential real estate practice, including marketing requirements, compensation rules, disclosures relating to artificial intelligence-altered images, and the treatment of off-market listings. The revisions are designed to promote transparency in real estate practices, particularly in property marketing.
Act 68, effective July 1, 2026, is designed to promote fair and timely subdivision plat approvals. It modernizes Wisconsin’s approval process by establishing clearer timelines, limiting required upfront financial security, and promoting efficient land development practices. This restructuring may reduce delays in development financing and improve predictability for construction lenders.
Lastly, Wisconsin regularly updates its Tax Incremental Financing (TIF) laws and administrative rules, refining how Tax Incremental Districts operate and how municipalities create, amend, and manage them. A TIF district uses future growth in property tax revenue to help pay for development within that area. Two recent laws create narrow exceptions: Act 6 lets Middleton’s TID #6 exceed normal size and value limits, and Act 16 grants similar flexibility for data-center-focused TIF districts in Port Washington and Beaver Dam, though spending must be limited to data-center project costs. Banks generally are not affected, but those located in these communities may see development or lending activity tied to these expanded districts.
Conclusion
The Wisconsin Legislature’s most active period is coming to a close. Wisconsin banks should prepare for the WCA changes taking effect January 1, 2027, and review the other laws discussed in this article. While most Acts covered by this article may not directly impact banks, several touch on areas which may carry indirect or situational relevance. Additionally, this session delivered meaningful progress advancing the industry’s priorities surrounding virtual currencies and fraud. WBA will continue advocating for the industry the remainder of the session while monitoring and reporting any meaningful legislative or regulatory developments affecting Wisconsin banks.
The Acts listing within the article may be viewed at the Wisconsin State Legislature website: https://docs.legis.wisconsin. gov/2025/related/acts
New Executive Orders Intended to Help with Homeownership and Affordability
President Trump has recently signed two executive orders intended to help with homeownership and affordability through removing regulatory burden in the home building and home loan purchasing processes, in mortgage loan servicing, and to streamline permit requirements and other building-related components for developments. The following is a summary of the two orders.
Providing Access to Mortgage Credit Executive Order
In the executive order titled, “Providing Access to Mortgage Credit,” the administration intends for the order to help improve the availability and affordability of mortgage credit; tailor rules for community banks and “smaller banks;” reduce
Special Focus
the regulatory burden on community banks and otherwise facilitate community bank engagement in mortgage activity; foster innovation, growth, and consumer choice in the mortgage market; modernize origination and closing standards to reduce lending costs; remove regulatory distortions to the structure of the mortgage market; ensure capital and liquidity frameworks subject similar credit and liquidity risks to similar regulation across the system; promote competition among mortgage lenders of all charter types to drive down mortgage rates; and strengthen housing-finance liquidity. “Smaller banks” are banks with assets fewer than $100 billion.
As recognized in the order, the mortgage lending process has become increasingly complicated over the years due to rules such as the Dodd-Frank Act, and subsequent rulemakings, which have increased the compliance costs of mortgage origination and servicing. These burdens have contributed to a reduction in banks participating in mortgage lending. The order recognizes that, “Community banks, generally institutions with fewer than $30 billion in assets, have been especially affected. The regulatory and rule changes have undermined community banks’ businesses, concentrated credit and liquidity risk outside the banking system, and resulted in reduced access to credit for some creditworthy borrowers, including rural households and low- and moderate-income households.”
As appropriate and consist with applicable law, including appropriate risk-management requirements, the agencies are to consider the following:
Origination and Ability-to-Repay/Qualified Mortgage Reform: The Bureau of Consumer Financial Protection (CFPB) must consider:
• Proposing amendments to Regulation Z that tailor the following requirements for smaller banks:
o Ability to repay (ATR) and qualified mortgage (QM) requirements (including potentially a broader QM safe harbor for portfolio loans) and the requirements of the Truth in Lending Act (TILA), Real Estate Settlement Procedure Act (RESPA), and TILA-RESPA Integrated Disclosure (TRID) rules;
• Replacing TRID timing rules with a materiality-based standard that preserves consumer clarity and reduces closing delays;
• Exempting small-mortgage loans from caps on QM points and fees or, as appropriate, modifying such caps to support affordability;
• Updating regulations regarding banks’ reasonable compliance with ATR and QM underwriting requirements by removing unnecessarily burdensome elements;
• Modernizing the right to rescission for mortgage lending, for example, by enabling increased secure electronic and digital forms and processes;
• Streamlining the requirements applicable to rate-and-term refinancing under Regulation X mortgage servicing rules; and
• Exempting rate-and-term refinancing (including cash-out refinancing) from rescission rights.
The CFPB, Board of Governors of the Federal Reserve System (FRB), Federal Deposit Insurance Corporation (FDIC), Office of the Comptroller of the Currency (OCC), and National Credit Union Administration (NCUA) (collectively, the agencies) must consider revising supervisory guidance to ensure that:
• Examiners evaluate mortgage lending based on the effectiveness of the lender’s policies regarding a consumer’s ability to repay and prudent underwriting, rather than the existing focus on process and technical compliance; and
• Good-faith, technical compliance errors are subject to correction-first supervisory treatment, with enforcement reserved for borrower harm or repeated misconduct.
Modernization of Home Mortgage Disclosure Act Data Collection and Disclosure: The CFPB is also required to consider proposing amendments to Regulation C to raise the asset threshold for exemption from the Home Mortgage Disclosure Act (HMDA) data collection and reporting requirements for smaller banks, to exclude inquiries from the scope of HMDA, and to ensure that disclosures protect privacy and reduce burdens, including insufficiently tailored, expensive, and complex software and training needed for reporting financial institutions.
Special Focus
Capital and Liquidity Alignment: Further, the agencies and the Federal Housing Finance Agency (FHFA) are required to consider:
• Revising capital regulations to tailor risk weights for all banks, including community banks and other smaller banks, for portfolio mortgages, servicing rights, and warehouse lines of credit to the material credit risk of the exposure;
• Modernizing collateral valuation and transfer systems between FRB and Federal Home Loan Banks (FHLBs);
• Expanding access to longer-dated FHLB advances tied to residential mortgage assets;
• Creating targeted FHLB liquidity programs for entry-level housing, owner-occupied purchase loans, and small residential builders;
• Accelerating collateral boarding and valuation processes through standardized data and digital documentation; and
• Refocusing FHLBs’ Affordable Housing Program on faster-cycle execution and greater financial leverage for small-scale and owner-occupied housing projects.
The executive order also sets forth that FRB and FHFA must consider authorizing FHLBs’ intermediate access to FRB’s discount window for FHLBs’ member depository institutions under standardized collateral, operational, and risk-management protocols.
Within 120 days of the date of the order, FHFA, in consultation with the heads of other relevant executive departments and agencies, is required to submit a report to the Assistant to the President for Economic Policy and the Office of Management and Budget on the efficiency of national housing finance market. The report is to identify recommendations for regulatory or legislative changes necessary to address any regulatory or oversight gaps.
Construction and Housing Supply: The executive order requires the agencies to consider revising supervisory guidance both to exclude one-to-four-family residential development and construction lending from commercial real estate concentration guidance and to ensure supervisory expectations support responsible construction lending by community banks.
Appraisal Modernization: To further the purpose of the executive order, the agencies and FHFA are to consider:
• Modernizing appraisal regulations and guidance to expand the use of alternative valuation models, desktop and hybrid appraisals, and artificial intelligence valuation tools;
• Simplifying appraiser qualification requirements; and
• Reducing appraisal requirements for low-risk transactions, including low loan-to-value refinancing and small-balance loans; and setting clear appraisal timelines.
The Department of Housing and Urban Development (HUD) and Veterans Affairs (VA) are to consider:
• Aligning appraisal standards between the Federal Housing Administration and VA Home Loan Program where risk is comparable;
• Clarifying the distinction in an appraisal inspection between safety and habitability concerns that necessitate pre-closing repairs versus cosmetic concerns; and
• Expanding post-closing repair flexibility.
Digital Mortgage Modernization: In this area, the Department of the Agriculture (USDA), HUD, VA, and FHFA are to consider:
• Eliminating unnecessary wet-signature requirements for disclosures, applications, closing documents, and similar documents;
• Standardizing acceptance of electronic signatures, e-notes, and remote online notarization; and
• Promoting digital mortgage standards.
Special Focus
Servicing and Supervisory Certainty: The executive order also requires the agencies and HUD to consider:
• Aligning supervisory expectations to support portfolio mortgage servicing as a core community banking function; extending cure-first standards to good-faith servicing errors; simplifying loss mitigation requirements; and issuing a proposed rule to provide exemptions from complex mortgage services for smaller banks; and
• Ensuring that supervisory evaluations of performing, prudently underwritten portfolio loans do not focus on technical defects or rely on evolving supervisory interpretations.
Enforcement: The agencies are to consider promulgating a policy against enforcement actions for violations of consumer financial laws that:
• Discourages imposing civil monetary penalties, except where the underlying violations are willful, knowing, or reckless;
• Considers good corporate conduct, including a bank’s correction of good-faith, technical compliance errors; and
• Allows institutions a reasonable opportunity for self-identification and remediation of appropriate compliance matters.
Duplicative or Unnecessary Licensing Requirements: Lastly, the executive order requires the agencies to consider eliminating duplicative or unnecessary requirements regarding licensing or registration for mortgage loan officers of any smaller bank.
Removing Regulatory Barriers to Affordable Home Construction Executive Order
A second executive order (Removing Regulatory Barriers to Affordable Home Construction) is focused on removing constraints within the mortgage markets which make housing less affordable and include layers of unnecessary regulatory barriers. These areas include the permit process and mandates which result in delayed construction, restricted development, and have driven up the costs of new housing. The costs and practices identified under the order generally impact banks’ customers tied to home construction and development. The executive order will not impact bank lending operations but an awareness of the directives within the order may be helpful when working with business customers engaged in building and development and for community needs overall.
To reduce regulatory barriers to building homes and to steward taxpayer dollars in a manner that promotes housing affordability, the executive order requires the agencies to consider the following:
Targeting Federal Regulatory Barriers to Residential Development: The Army and the Environmental Protection Agency (EPA) must review and revise requirements related to stormwater, wetlands, lakes, rivers, and other bodies of water to reduce housing construction and ownership costs, streamline regulatory and agency decision-making processes, reduce property tax burdens, and increase insurability, as appropriate and consistent with applicable law. Such requirements are to include:
• The Construction General Permit for stormwater discharges from construction activity;
• Federally-issued Total Maximum Daily Loads;
• Construction site and post-construction requirements for Municipal Separate Stormwater System permits;
• Federal standards for permits under section 404 of the Clean Water Act (CWA) for the discharge of dredged and fill material into waters of the United States; and
• Federal standards for assumption of dredge and fill permitting by States and tribes under section 404(g) of CWA.
The Department of Commerce, HUD, Department of Transportation (DOT), and FHFA are to consider eliminating unduly burdensome rules and reforming programs that constrain residential development and impede housing affordability, especially the construction of affordable single-family homes and suburban and exurban neighborhoods, including, as needed:
Special Focus
• Economic Development Administration’s guidelines and investment priorities concerning development density;
• DOT’s Reconnecting Communities Pilot Program;
• HUD’s Pathways to Removing Obstacles to Housing Program; and
• FHFA’s guidelines and regulations regarding chattel lending for manufactured housing and incentivizing low-balance home mortgages.
The executive order also requires USDA, HUD, the Energy Department, and FHFA to take appropriate action to reform and, where appropriate, eliminate unduly burdensome or costly energy-efficiency, water-use, or alternative-energy requirements regarding housing, including manufactured housing, to the maximum extent practicable and consistent with applicable law. Such action shall include reviewing and revising, as needed:
• Energy Conservation Program’s Energy Conservation Standards for Manufactured Housing;
• The Adoption of Energy Efficiency Standards for New Construction of HUD- and USDA-Financed Housing;
• Residential building energy codes subject to review by the Energy Department; and
• Water and energy efficiency improvement standards for FHFA’s duty to serve underserved market properties.
Streamlining Federal Permitting Requirements for Residential Development: The Chairman of the Council on Environmental Quality is to provide guidance to executive departments and agencies on implementing the National Environmental Policy Act, including through the establishment, adoption, or application of categorical exclusions, in a manner that maximally exempts or reduces burdens on housing construction, preservation, adaptive re-use, and infrastructure that facilitates housing construction, such as roads, water, sewer, and other projects.
The Chairman of the Advisory Council on Historic Preservation is to develop guidance on maximally exempting, or reducing burdens on, housing construction and infrastructure that facilitates housing construction, such as roads, water, sewer, and other projects under section 106 of the National Historic Preservation Act so that reporting requirements are no more burdensome than necessary.
Boosting Housing Affordability Through State and Local Regulatory Best Practices: Within 60 days of the executive order, HUD, in coordination with the Assistant to the President for Domestic Policy, is to develop and promulgate a series of regulatory best practices for State and local governments to promote housing construction and affordability, including:
• Streamlining permitting processes for housing developments by, for example, capping permitting timelines and fees; allowing by-right development for single-family homes; limiting retroactive application of new or changed building codes; allowing third-party inspections and appropriate builder choice on certified entities for inspections and studies; and ensuring swift dispute resolution with government agencies and private parties regarding construction matters;
• Curtailing mandates that increase housing construction costs, such as green-energy building requirements or other energy-choice restrictions, non-evidence-based building codes, and unreasonable building-code-adoption timelines;
• Re-examining restrictions on the use of manufactured or modular housing on the basis of the construction method rather than objective standards for building and safety, aesthetic requirements, or prohibitions on construction when comparable site-built housing is permitted; and
• Removing arbitrary limitations on residential housing development beyond urban centers, such as urban growth boundaries, growth moratoria, and commuting penalties.
The USDA, HUD, DOT, and EPA are also required to take steps to revise regulations, guidance, grant applications and requirements, technical assistance, and other relevant agency documents or practices to advance the best practices issued pursuant to the executive order.
Special Focus
Facilitating New Residential Construction in Opportunity Zones: The Treasury Department and HUD are required to jointly evaluate Administration actions to better align programs and incentives with the Opportunity Zone tax incentives to expand investment in single-family home construction, including considering lawful mechanisms to link grants, financing tools, or other incentives with new or increased investment in Qualified Opportunity Funds engaged in the development and sale of single-family homes. Treasury and HUD are also to assess opportunities to coordinate the Opportunity Zone incentives to promote single-family home construction in census tracts that qualify both as Qualified Opportunity Zones and as low-income communities for the purposes of the New Markets Tax Credit.
Conclusion
President Trump issued two executive orders intended to help with homeownership and affordability through removing regulatory burden in the home building and home loan purchasing processes, in mortgage loan servicing, and to streamline permit requirements and other building-related components for developments. The agencies will need to review existing laws, guidance, and supervisory materials to further determine how best to implement the directives set forth in the orders.
Resources
Promoting Access to Mortgage Credit Executive Order and Fact Sheet: https://www.whitehouse.gov/presidential-actions/2026/03/promoting-access-to-mortgage-credit/
https://www.whitehouse.gov/fact-sheets/2026/03/fact-sheet-president-donald-j-trump-promotes-access-to-mortgagecredit/
Removing Regulatory Barriers to Affordable Home Construction Executive Order and Fact Sheet:
https://www.whitehouse.gov/presidential-actions/2026/03/removing-regulatory-barriers-to-affordable-homeconstruction/
https://www.whitehouse.gov/fact-sheets/2026/03/fact-sheet-president-donald-j-trump-removes-regulatory-barriers-toaffordable-home-construction/
Regulatory Spotlight
Agencies Propose Rules for Approval to Issue Payment Stablecoins.
The Federal Deposit Insurance Corporation (FDIC) announced an extension of the comment period for its proposal regarding procedures for banks to obtain approval to issue payment stablecoins. On 12/19/2025, FDIC published in the Federal Register a proposed rule to establish procedures to be followed by an insured State nonmember bank or State savings association that seeks to obtain FDIC approval to issue payment stablecoins through a subsidiary pursuant to the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act). The proposed rule provided for a comment period which closed 02/17/2026. FDIC has determined that an extension of the comment period until 05/18/2026, is appropriate. Comments are due 05/18/2026. The notice may be viewed at: https://www.govinfo.gov/ content/pkg/FR-2026-02-11/pdf/2026-02665.pdf Federal Register, Vol. 91, No. 28, 02/11/2026, 6138.
The Office of the Comptroller of the Currency (OCC) issued a proposed rule to implement the Guiding and Establishing National Innovation for U.S. Stablecoins Act regarding the issuance of payment stablecoins and certain related activities by entities subject to OCC’s jurisdiction. Comments are due 05/01/2026. The proposed rule may be viewed at: https:// www.govinfo.gov/content/pkg/FR-2026-03-02/pdf/2026-04089.pdf Federal Register, Vol. 91, No. 40, 03/02/2026, 10202-10303.
The National Credit Union Administration (NCUA) seeks comment regarding a proposed rule to implement portions of the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act). The GENIUS Act charges NCUA with licensing, regulating, and supervising payment stablecoin issuers that are subsidiaries of federally insured credit unions (FICUs). The GENIUS Act also requires NCUA to issue implementing regulations by 07/18/2026. The proposed rule proposes regulations to implement the statutorily required process for approval and licensure of permitted payment stablecoin issuers (PPSIs) subject to the NCUA’s jurisdiction. It also proposes regulations limiting FICUs to investing in NCUA-licensed PPSIs. A forthcoming proposal will propose regulations to implement the standards and restrictions imposed by the GENIUS Act on PPSIs. Comments are due 04/13/2026. The proposed rule may be viewed at: https:// www.govinfo.gov/content/pkg/FR-2026-02-12/pdf/2026-02868.pdf Federal Register, Vol. 91, No. 29, 02/12/2026, 6531-6552.
CFPB Corrects Regulation B Proposal.
The Bureau of Consumer Financial Protection (CFPB) issued a correction to a proposed rule to amend Regulation B. The correction applies to several sections of Regulation B as listed in the correction. The correction may be viewed at: https:// www.govinfo.gov/content/pkg/FR-2026-02-25/pdf/C1-2025-19864.pdf Federal Register, Vol. 91, No. 37, 02/25/2026, 9191-9193.
CFPB Seeks Comment on Information Collections.
CFPB seeks comment regarding an information collection titled, Home Mortgage Disclosure Act, Regulation C. The Home Mortgage Disclosure Act (HMDA) requires certain depository institutions and for-profit, non-depository institutions to collect, report, and disclose data about originations and purchases of mortgage loans. Additionally, the institutions must report mortgage loan applications that do not result in originations. Regulation C implements HMDA. Comments are due 03/26/2026. The notice may be viewed at: https://www.govinfo.gov/content/pkg/FR-2026-02-24/pdf/2026-03622.pdf. Federal Register, Vol. 91, No. 36, 02/24/2026, 8842-8843.
CFPB seeks comment regarding an information collection titled, Disclosure Requirements for Depository Institutions Lacking Federal Deposit Insurance, Regulation I. Regulation I applies to all depository institutions lacking Federal deposit insurance. It requires the disclosure of certain insurance-related information in periodic statements, account records, locations where deposits are normally received, and advertising. The regulation also requires such depository institutions to obtain a written acknowledgment from depositors regarding the institution’s lack of Federal deposit insurance. Comments are due 03/26/2026. The notice may be viewed at: https://www.govinfo.gov/content/pkg/FR-2026-02-24/ pdf/2026-03623.pdf Federal Register, Vol. 91, No. 36, 02/24/2026, 8843.
CFPB seeks comment regarding an information collection titled, Registration of Mortgage Loan Originators, Regulation G. Regulation G implements the Secure and Fair Enforcement for Mortgage Licensing Act (the S.A.F.E. Act) which contains the Federal registration requirement with respect to any covered financial institutions and their employees who act as residential mortgage loan originators (MLOs). Regulation G requires covered institutions to register with the Nationwide Mortgage Licensing System and Registry, to obtain a unique identifier, to maintain this registration, and to disclose to consumers the unique identifier. Regulation G also requires covered financial institutions employing MLOs to adopt and to
Regulatory Spotlight
follow written policies and procedures ensuring their employees comply with these requirements and disclose the unique identifiers of their MLOs. Comments are due 03/26/2026. The notice may be viewed at: https://www.govinfo.gov/content/ pkg/FR-2026-02-24/pdf/2026-03621.pdf Federal Register, Vol. 91, No. 36, 02/24/2026, 8843-8844.
CFPB seeks comment regarding an information collection titled, Truth in Savings, Regulation DD. The Truth in Savings Act (TISA) was enacted to enhance economic stability, improve competition between depository institutions, and strengthen consumer ability to make informed decisions regarding deposit accounts by requiring uniformity in the disclosure of interest rates and fees. TISA assists consumers in comparing deposit accounts offered by depository institutions, principally through the disclosure of fees, the annual percentage yield, the interest rate, and other account terms. TISA and Regulation DD require depository institutions to disclose yields, fees, and other terms concerning deposit accounts to consumers at account opening, upon request, and when changes in terms occur. Comments are due 03/26/2026. The notice may be viewed at: https://www.govinfo.gov/content/pkg/FR-2026-02-24/pdf/2026-03620.pdf Federal Register, Vol. 91, No. 36, 02/24/2026, 8844-8845.
CFPB seeks comment regarding an information collection titled, Privacy of Consumer Financial Information, Regulation P. Section 502 of the Gramm-Leach-Bliley Act (GLBA) generally prohibits a financial institution from sharing nonpublic personal information about a consumer with nonaffiliated third parties unless the institution satisfies various disclosure requirements and the consumer has not elected to opt out of the information sharing. CFPB promulgated Regulation P to implement GLBA notice requirements and restrictions on a financial institution’s ability to disclose nonpublic personal information about consumers to nonaffiliated third parties. Comments are due 04/06/2026. The notice may be viewed at: https://www.govinfo.gov/content/pkg/FR-2026-03-05/pdf/2026-04383.pdf Federal Register, Vol. 91, No. 43, 03/05/2026, 10800-10801.
FRB Seeks to Codify Removal of Reputation Risk from Supervisory Programs.
The Board of Governors of the Federal Reserve System (FRB) seeks comment regarding a proposed rule that would codify the removal of reputation risk from FRB’s supervisory programs. The proposal would prohibit FRB from encouraging or compelling FRB-supervised banking organizations to deny or condition the provision of banking or other financial products or services to an individual or business based on constitutionally protected political or religious beliefs, associations, speech, or conduct, or based on involvement by the individual or business in politically disfavored but lawful business activities perceived to present reputation risk. Comments are due 04/27/2026. The proposed rule may be viewed at: https://www.govinfo.gov/content/pkg/FR-2026-02-26/pdf/2026-03818.pdf Federal Register, Vol. 91, No. 38, 02/26/2026, 9499-9504.
FDIC Seeks Comment on Information Collections.
The Federal Deposit Insurance Corporation (FDIC) seeks comment regarding the following information collections: Home Mortgage Disclosure Act, HMDA; Management Official Interlocks; Funding and Liquidity Risk Management; Appraisals for Higher-Priced Mortgage Loans; and Recordkeeping for Timely Deposit Insurance Determination. The need and use of the collected information is further explained in the notice. Comments are due 03/19/2026. The notice may be viewed at: https://www.govinfo.gov/content/pkg/FR-2026-02-17/pdf/2026-03082.pdf Federal Register, Vol. 91, No. 31, 02/17/2026, 7284-7287.
FDIC seeks comment regarding the following information collections: Application to Retire or Reduce Capital; and Forms Relating to FDIC Outside Counsel, Legal Support and Export Services Programs. The need and use of the collected information is further explained in the notice. Comments are due 04/06/2026. The notice may be viewed at: https://www. govinfo.gov/content/pkg/FR-2026-03-05/pdf/2026-04384.pdf. Federal Register, Vol. 91, No. 43, 03/05/2026, 10807-10809.
OCC Amends National Bank Chartering Rules.
The Office of the Comptroller of the Currency (OCC) issued a final rule to amend its rule related to chartering of national banks to clarify the longstanding authority of national banks limited to the operations of trust companies and activities related thereto to engage in non-fiduciary activities in addition to their fiduciary activities. The final rule is effective 04/01/2026. The final rule may be viewed at: https://www.govinfo.gov/content/pkg/FR-2026-03-02/pdf/2026-04088. pdf Federal Register, Vol. 91, No. 40, 03/02/2026, 9977-9982.
Regulatory Spotlight
OCC Revises Community Bank Licensing Rules.
OCC issued a final rule to amend rules related to policies and procedures to simplify licensing requirements for corporate activities and transactions involving national banks and Federal savings associations that have less than $30 billion in total assets and satisfy certain conditions. The final rule is intended to reduce burden on community banks. The final rule is effective 04/03/2026. The final rule may be viewed at: https://www.govinfo.gov/content/pkg/FR-2026-03-04/ pdf/2026-04275.pdf Federal Register, Vol. 91, No. 42, 03/04/2026, 10491-10499.
OCC Rescinds Fair Housing Home Data Loan System.
OCC issued a final rule to rescind its Fair Housing Home Loan Data System regulation. OCC determined that the regulation is obsolete and largely duplicative of and inconsistent with other legal authorities that require national banks to collect and retain certain information on applications for home loans. Moreover, it imposed asymmetrical data collection requirements on national banks compared to their other depository institution counterparts, and the data collected had limited utility. The final rule is effective 04/03/2026. The final rule may be viewed at: https://www.govinfo.gov/content/ pkg/FR-2026-03-04/pdf/2026-04276.pdf Federal Register, Vol. 91, No. 42, 03/04/2026, 10499-10503.
OCC Proposes Revisions to Bank Appeals Process.
OCC issued a proposed rule to establish revised procedures and policies for appeals of material supervisory determinations by OCC supervised entities. The proposed changes would reflect OCC’s experience administering the bank appeals process and are intended to enhance the independence and efficiency of the appeals function. Comments are due 04/20/2026. The proposed rule may be viewed at: https://www.govinfo.gov/content/pkg/FR-2026-02-17/ pdf/2026-03086.pdf Federal Register, Vol. 91, No. 31, 02/17/2026, 7163-7180.
OCC Seeks Comment on Information Collections.
OCC seeks comment regarding an information collection titled, Reporting, Recordkeeping, and Disclosure Requirements Associated with Proprietary Trading and Certain Interests in and Relationships with Covered Funds. The collection of information was established pursuant to a rule required by the Dodd-Frank Act. The rule implemented section 619 of the Dodd-Frank Act, which added section 13 of the Bank Holding Company (BHC) Act. The reporting, recordkeeping, and disclosure requirements associated with the rule permit banking entities and OCC to enforce compliance with section 13 of the BHC Act and the rule and to identify, monitor, and limit risks of activities permitted under section 13. Comments are due 04/13/2026. The notice may be viewed at: https://www.govinfo.gov/content/pkg/FR-2026-02-12/pdf/202602788.pdf Federal Register, Vol. 91, No. 29, 02/12/2026, 6729-6731.
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OCC seeks comment regarding an information collection titled, Guidance on Sound Incentive Compensation Policies. Under the guidance, each large national bank and Federal savings association should have policies, procedures, records retention, and board oversight in place as outlined in the notice. The principles discussed in the guidance vary with the size and complexity of a banking organization. Comments are due 03/16/2026. The notice may be viewed at: https:// www.govinfo.gov/content/pkg/FR-2026-02-17/pdf/2026-02989.pdf Federal Register, Vol. 91, No. 31, 02/17/2026, 7368-7369.
OCC seeks comment regarding an information collection titled, Financial Management Policies-Interest Rate Risk. The information collection covers the recordkeeping burden for Federal savings associations to maintain data in accordance with OCC’s regulation on interest rate risk procedures, 12 CFR 163.176. The purpose of the regulation is to ensure that Federal savings associations appropriately manage their exposure to interest rate risk. To comply with the reporting requirement, institutions need to maintain sufficient records to document how their interest rate risk exposure is monitored and managed internally. Comments are due 03/23/2026. The notice may be viewed at: https://www.govinfo. gov/content/pkg/FR-2026-02-19/pdf/2026-03273.pdf. Federal Register, Vol. 91, No. 33, 02/19/2026, 8055-8056.
OCC seeks comment regarding an information collection titled, Recordkeeping Requirements for Securities Transactions. The information collection requirements are designed to ensure that national banks and Federal savings associations comply with securities laws and to improve the protections afforded to persons who purchase and sell securities through these financial institutions. OCC uses the information collected in the course of its examinations to evaluate, among other things, an institution’s compliance with the antifraud provisions of the Federal securities laws. The information collection requirements are detailed in the notice. Comments are due 04/21/2026. The notice may be viewed at: https://www. govinfo.gov/content/pkg/FR-2026-02-20/pdf/2026-03346.pdf Federal Register, Vol. 91, No. 34, 02/20/2026, 8307-8309.
Regulatory Spotlight
OCC seeks comment regarding an information collection titled, Reg E-Prepaid Accounts. The Bureau of Consumer Financial Protection’s (CPFB) prepaid accounts rules require financial institutions to make available to consumers disclosures before a consumer acquires a prepaid account, with respect to prepaid account access devices, periodic statements, and error resolution procedures. Comments are due 03/26/2026. The notice may be viewed at: https://www. govinfo.gov/content/pkg/FR-2026-02-24/pdf/2026-03685.pdf Federal Register, Vol. 91, No. 36, 02/24/2026, 8966-8967.
OCC seeks comment regarding an information collection titled, Appraisals for Higher-Priced Mortgage Loans. The information collection relates to section 1471 of the Dodd-Frank Act, which added a new section 129H to the Truth in Lending Act establishing special appraisal requirements for higher-risk mortgages. The information collection requirements are found in 12 CFR 34.203(c)(1), (c)(2), (d), (e) and (f). Comments are due 03/30/2026. The notice may be viewed at: https://www.govinfo.gov/content/pkg/FR-2026-02-27/pdf/2026-03977.pdf. Federal Register, Vol. 91, No. 39, 02/27/2026, 9919-9920.
OCC seeks comment regarding an information collection titled, General Reporting and Recordkeeping Requirements by Savings Associations. The disclosures and recordkeeping requirements reflected in the collection are mandated by regulation as explained in the notice. Comments are due 04/08/2026. The notice may be viewed at: https://www.govinfo. gov/content/pkg/FR-2026-03-09/pdf/2026-04587.pdf. Federal Register, Vol. 91, No. 45, 03/09/2026, 11373-11374.
HUD Seeks Comment on Ginnie Mae Digital Collateral Program.
The Department of Housing and Urban Development (HUD) seeks comment regarding an information collection titled, Ginnie Mae Digital Collateral Program. Ginnie Mae is permitting the securitization of mortgage loans where the note is an eligible eNote. The forms listed in the notice are necessary to manage eNotes and eMortgages. The information collection permits Ginnie Mae to verify that: eIssuers and eMortgages have the specialized knowledge and experience to participate, eIssuers and eCustodians have the technological capability to service eMortgages and safeguard eMortgage documents, the name and location of the entities responsible for the various Ginnie Mae accounts and eMortgage documents are accurate, and the entities are responsible for servicing the eMortgages. Ginnie Mae needs the information to mitigate risk and evaluate its business operations, procedures and programs, and assist lenders in processing borrower requests more efficiently. Ginnie Mae also requires the information to ensure that there are no deficiencies, which could affect the pass-through of securities to its investors. Comments are due 04/20/2026. The notice may be viewed at: https://www.govinfo.gov/content/pkg/FR-2026-02-18/pdf/2026-03161.pdf. Federal Register, Vol. 91, No. 32, 02/15/2026, 7510.
FinCEN Seeks BSA Group Nominations.
The Financial Crimes Enforcement Network (FinCEN) seeks nominations from financial institutions, trade groups, and non-federal regulators or law enforcement agencies for membership in the Bank Secrecy Act Advisory Group. New members will be selected for three-year membership terms. Nominations are due 03/27/2026. The notice may be viewed at: https://www.govinfo.gov/content/pkg/FR-2026-02-25/pdf/2026-03707.pdf. Federal Register, Vol. 91, No. 37, 02/25/2026, 9333-9334.
IRS Proposes Electronic Payee Statements on Digital Asset Sales.
The Internal Revenue Service (IRS) issued a proposed rule to allow digital asset brokers that are required to furnish customers with written statements reflecting information provided to IRS with respect to digital asset sale transactions an alternative process for obtaining consent from their customers to receive the statements in an electronic format without offering a paper delivery alternative. Comments are due 05/05/2026. The proposed rule may be viewed at: https://www.govinfo.gov/content/pkg/FR-2026-03-06/pdf/2026-04431.pdf Federal Register, Vol. 91, No. 44, 03/06/2026, 10983-11003.
IRS Issues Trump Account Proposed Rules.
IRS seeks comment regarding a proposed rule relating to Trump accounts. The proposed rule provides guidance on making an election to open a Trump account and reserves additional sections for further guidance on the accounts. Comments are due 05/08/2026. The proposed rule may be viewed at: https://www.govinfo.gov/content/pkg/FR-202603-09/pdf/2026-04533.pdf Federal Register, Vol. 91, No. 45, 03/09/2026, 11194-11203.
Regulatory Spotlight
IRS seeks comment regarding a proposed rule relating to a Trump accounts contribution pilot program under which accounts can receive $1,000 pilot program contributions. Eligible children must be U.S. citizens with valid Social Security numbers born in 2025 through 2028. The proposed rule would provide guidance on making an election for the Trump account of an eligible child to receive a $1,000 pilot program contribution. Comments are due 04/8/2026. The proposed rule may be viewed at: https://www.govinfo.gov/content/pkg/FR-2026-03-09/pdf/2026-04534.pdf Federal Register, Vol. 91, No. 45, 03/09/2026, 11203-11212.
IRS Seeks Comment on Information Collections.
IRS seeks comment regarding an information collection titled, Constructive Transfers and Transfers of Property to a Third Party on Behalf of a Spouse. IRS Regulations section 1.1041-2 sets forth the required information that will permit spouses or former spouses to treat a redemption by a corporation of stock of one spouse or former spouse as a transfer of that stock to the other spouse or former spouse in exchange for the redemption proceeds and a redemption of the stock from the latter spouse or a former spouse in exchange for the redemption proceeds. Comments are due 04/21/2026. The notice may be viewed at: https://www.govinfo.gov/content/pkg/FR-2026-02-20/pdf/2026-03323.pdf. Federal Register, Vol. 91, No. 34, 02/20/2026, 8309.
IRS seeks comment regarding an information collection titled, Distributions from Pensions, Annuities, Retirement or Profit-sharing Plans, IRAs, Insurance Contracts, etc. Form 1099-R is used to report distributions from pensions, annuities, profit-sharing or retirement plans, IRAs, and the surrender of insurance contracts. The information is used by IRS to verify that income has been properly reported by the recipient. Comments are due 04/21/2026. The notice may be viewed at: https://www.govinfo.gov/content/pkg/FR-2026-02-20/pdf/2026-03376.pdf. Federal Register, Vol. 91, No. 34, 02/20/2026, 8309-8310.
FHFA Seeks Comment on Information Collections.
The Federal Housing Finance Agency (FHFA) seeks comment regarding an information collection titled, Community Support Requirements. FHFA uses the information collection to determine whether Federal Home Loan Bank (Bank) members satisfy the statutory and regulatory community support requirements, and to ensure that, as required by statute and regulation, only Bank members that meet the requirements maintain continued access to long-term Bank advances and to the Bank Affordable Housing Programs, Community Investment Programs, and Community Investment Cash Advance programs. Comments are due 03/26/2026. The notice may be viewed at: https://www.govinfo.gov/content/pkg/ FR-2026-02-24/pdf/2026-03614.pdf Federal Register, Vol. 91, No. 36, 02/24/2026, 8877-8879.
FHFA seeks comment regarding an information collection titled, Affordable Housing Program. FHFA uses the information collected to verify that Federal Home Loan Banks’ funding decisions, and the uses of the funds awarded, were consistent with statutory and regulatory requirements as further described in the notice. Comments are due 04/03/2026. The notice may be viewed at: https://www.govinfo.gov/content/pkg/FR-2026-03-04/pdf/2026-04207.pdf Federal Register, Vol. 91, No. 42, 03/04/2026, 10608-10610.
FCA Amends Business Planning Requirements.
The Federal Credit Administration (FCA) amended its business planning requirements to comply with Executive Order 14219, Ensuring Lawful Governance and Implementing the President’s ‘Department of Government Efficiency’ Deregulatory Initiative. The executive order directed agencies to review all regulations for consistency with law and Administration policy, and specified seven classes of regulations that agencies, in consultation with the Office of Information and Regulatory Affairs, were required to rescind or modify. FCA reviewed its regulations and identified several provisions in one regulation that meet one of the classes of regulations as summarized in a table in the notice. The final rule will become effective 30 days after publication in the Federal Register during which either or both houses of Congress are in session. FCA will publish notification of the effective date in the Federal Register. The final rule may be viewed at: https://www.govinfo.gov/content/pkg/FR-2026-02-19/pdf/2026-03314.pdf Federal Register, Vol. 91, No. 33, 02/19/2026, 7817-7819.
FCA Announces Effective Date of Technical Corrections Rule.
FCA published the effective date of the final rule published in the Federal Register 01/26/2026, correcting citations and making other technical updates and corrections throughout its regulations. The final rule provided the regulation would become effective 30 days after publication in the Federal Register during which either or both houses of Congress are
Regulatory Spotlight
in session. Based on the records of the sessions of Congress, the final rule amending 12 CFR parts 611, 614, 620, 626, 628, and 630, is effective 02/25/2026. The notice may be viewed at: https://www.govinfo.gov/content/pkg/FR-2026-0306/pdf/2026-04419.pdf Federal Register, Vol. 91, No. 44, 03/06/2026, 10956.
FCA Proposes Permanent Capital Revisions.
FCA seeks comment regarding a proposed rule for Farm Credit System (System) banks and associations that would reduce the burden of calculating permanent capital and minimize potential confusion about its use in evaluating the safety and soundness of System institutions. The proposed rule would remove references to permanent capital in shareholder and investor reporting regulations as well as in certain other regulations. The proposed rule also simplifies the calculation of the permanent capital ratio and makes other clarifications, corrections, and updates to capital-related regulations. Comments are due 04/28/2026. The proposed rule may be viewed at: https://www.govinfo.gov/content/pkg/ FR-2026-02-27/pdf/2026-03923.pdf. Federal Register, Vol. 91, No. 39, 02/27/2026, 9760-9770.
FCIC Seeks Comment on Ineligibility to Participate in Insurance Program.
The Federal Crop Insurance Corporation (FCIC) seeks comment regarding an information collection titled, Ineligibility for Programs under the Federal Crop Insurance Act. FCIC and approved insurance providers use the information collected to determine whether persons seeking to obtain Federal crop insurance coverage are ineligible for such coverage. FCIC seeks to ensure persons that are ineligible for benefits under the Federal crop insurance program are accurately identified as such and do not obtain benefits to which they are not eligible. Comments are due 04/20/2026. The notice may be viewed at: https://www.govinfo.gov/content/pkg/FR-2026-02-19/pdf/2026-03308.pdf Federal Register, Vol. 91, No. 33, 02/19/2026, 7957-7958.
Agencies Announce OneRD Fees.
The Rural Business-Cooperative Service (RBC), Rural Housing Service (RHS), and Rural Utilities Service (RUS) (collectively, the agencies) offer loan guarantees through four programs: Community Facilities administered by RHS; Water and Waste Disposal administered by RUS; and Business and Industry and Rural Energy for America Program (REAP) administered by RBC. The notice provides the guarantee fee rates, loan guarantee percentage, the periodic retention fee, and fee for issuance of the loan note guarantee prior to construction completion for Fiscal Year (FY) 2026, to be used when applying for guaranteed loans. The fees in the notice are effective 10/01/2025. The notice may be viewed at: https://www.govinfo.gov/content/pkg/FR-2026-03-09/pdf/2026-04581.pdf. Federal Register, Vol. 91, No. 45, 03/09/2026, 11272-11273.
RBC Issues NOFO for Rural Microentrepreneur Assistance Program.
The Rural Business-Cooperative Service (RBC) issued a notice of funding opportunity (NOFO) to announce acceptance of grant, loan, and combined grant and loan applications under the Rural Microentrepreneur Assistance Program. In future years the NOFO will be announced on the RBC website and grants.gov, without a Federal Register notice. The NOFO may be viewed at: https://www.govinfo.gov/content/pkg/FR-2026-02-25/pdf/2026-03790.pdf. Federal Register, Vol. 91, No. 37, 02/25/2026, 9239.
RBC Seeks Comment on REAP Program Information Collection.
RBC seeks comment regarding an information collection titled, Rural Energy for America (REAP) Program. The primary purpose of REAP is to provide guaranteed loan financing and grant funding to agricultural producers and rural small businesses for renewable energy systems or to make energy efficiency improvements. The program also offers grant funding to assist agricultural producers and rural small businesses to conduct energy audits and provide recommendations and information on renewable energy development assistance. Comments are due 05/01/2026. The notice may be viewed at: https://www.govinfo.gov/content/pkg/FR-2026-03-02/pdf/2026-04034.pdf Federal Register, Vol. 91, No. 40, 03/02/2026, 10052-10053.
CCC Announces Cane and Beet Sugar Marketing Allotments and Processor Allocations.
The Commodity Credit Corporation (CCC) issued a notice to: (1) revise fiscal year (FY) 2026 (crop year 2025) State cane sugar allotments and allocations to sugarcane processors; and (2) revise the FY 2026 (crop year 2025) beet sugar allocations. The actions apply to all domestic cane and beet sugar marketed for human consumption in the United States
Regulatory Spotlight
from 10/01/2025, through 09/30/2026. See the chart in the notice for specific allotments and allocations. The notice may be viewed at: https://www.govinfo.gov/content/pkg/FR-2026-02-11/pdf/2026-02723.pdf. Federal Register, Vol. 91, No. 28, 02/11/2026, 6183-6184.
CCC Issues Final Rule on Farmers Bridge Assistance Program.
CCC issued a final rule to provide $11 billion in one-time bridge payments to farmers in response to temporary trade market disruptions and increased production costs. The payments are intended to aid producers until assistance from provisions in the One Big Beautiful Bill Act reach eligible famers after 10/01/2026. The final rule is effective 02/23/2026. The final rule may be viewed at: https://www.govinfo.gov/content/pkg/FR-2026-02-23/pdf/2026-03456.pdf. Federal Register, Vol. 91, No. 35, 02/23/2026, 8360-8368.
SEC Issues Rules Related to N-PORT Form.
The Securities and Exchange Commission (SEC) issued a final rule to extend the compliance date for the amendments to Form N-PORT that were adopted 09/20/2023, and relate to the rule under the Investment Company Act that addresses certain broad categories of investment company names that are likely to mislead investors about an investment company’s investments and risks. The compliance dates for the Form N-PORT amendments are extended to 11/17/2027, for fund groups with net assets of $10 billion or more as of the end of their most recent fiscal year; and to 05/18/2028, for fund groups with less than $10 billion in net assets as of the end of their most recent fiscal year. The final rule is effective 03/25/2026. The final rule may be viewed at: https://www.govinfo.gov/content/pkg/FR-2026-02-23/pdf/202603459.pdf Federal Register, Vol. 91, No. 35, 02/23/2026, 8379-8381.
SEC issued a proposed rule to amend reporting requirements on Form N-PORT that apply to certain registered investment companies, including registered open-end funds, registered closed-end funds, and exchange-traded funds organized as unit investment trusts. The proposed amendments would modify provisions adopted in 2024 to provide the funds with an additional fifteen days to file monthly reports of portfolio-related information on Form N-PORT and would restore the quarterly publication frequency that had been in place for over two decades. SEC also proposed to streamline or remove certain items and sub-items. Finally, SEC proposed to adjust how funds with share classes that operate as exchange-traded funds report certain information to improve information about the fund structure and to require information about funds’ ticker symbols, as well as certain class-level identifiers, as applicable, to facilitate efficient use of the reported information. Comments are due 04/24/2026. The proposed rule may be viewed at: https://www.govinfo.gov/ content/pkg/FR-2026-02-23/pdf/2026-03460.pdf Federal Register, Vol. 91, No. 35, 02/23/2026, 8582-8614.
SEC Issues Holding Foreign Insiders Accountable Act Disclosure Rule.
SEC issued a final rule to adopt amendments to rules and forms under the Securities Exchange Act to reflect the requirements of the Holding Foreign Insiders Accountable Act (HFIA Act). The HFIA Act amended Section 16(a) of the Exchange Act to require directors and officers of a foreign private issuer with a class of equity securities registered under Section 12 of the Exchange Act to provide disclosure of their beneficial ownership and transactions involving the issuer’s equity securities. The final amendments revise SEC’s rules and forms to reflect the statutory requirements. The final rule is effective 03/18/2026. The final rule may be viewed at: https://www.govinfo.gov/content/pkg/FR-2026-03-03/pdf/202604202.pdf Federal Register, Vol. 91, No. 41, 03/03/2026, 10320-10334.
FTC Revises and Withdraws Rules.
The Federal Trade Commission (FTC) issued a final rule to conform three of its recent rules to the results ordered by courts. First, FTC revised its recently amended Rule Concerning Recurring Subscriptions and Other Negative Option Programs (Negative Option Rule) to recodify the text of the Negative Option Rule as it existed before the effective date of FTC’s 2024 final rule amending it. Second, FTC withdrew its final rule titled, Combating Auto Retail Scams Trade Regulation Rule. Third, FTC removed its Non-Compete Clause Rule from the Code of Federal Regulations. The final rule is effective 02/12/2026. The final rule may be viewed at: https://www.govinfo.gov/content/pkg/FR-2026-02-12/pdf/202602866.pdf Federal Register, Vol. 91, No. 29, 02/12/2026, 6507-6510.
Regulatory Spotlight
VA Seeks Comment on Information Collections.
The Department of Veterans Affairs (VA) seeks comment regarding an information collection titled, Financial Statement. The collection is used to determine a borrower’s financial condition in connection with efforts to reinstate a seriously defaulted, guaranteed, insured, or portfolio loan. In addition, the form is used in determining the financial feasibility of a veteran or service member to obtain a home with the assistance of a Specially Adapted Housing Grant. Comments are due 04/24/2026. The notice may be viewed at: https://www.govinfo.gov/content/pkg/FR-2026-02-23/pdf/2026-03471. pdf Federal Register, Vol. 91, No. 35, 02/23/2026, 8579.
VA seeks comment regarding an information collection titled, VA-Guaranteed Home Loan Cash-out Refinance Loan Comparison Disclosure. All-VA guaranteed cash-out refinancing loan applications that do not meet the requirements of VA-programs may be subject to indemnification or the removal of the guaranty. Comments are due 04/27/2026. The notice may be viewed at: https://www.govinfo.gov/content/pkg/FR-2026-02-25/pdf/2026-03752.pdf. Federal Register, Vol. 91, No. 37, 02/25/2026, 9336.
NCUA Proposes Rules to Simplify Compliance and Reduce Costs.
The National Credit Union Administration (NCUA) issued a proposed rule to amend its regulations governing the conversion of insured credit unions into banks. NCUA proposed to eliminate certain prescriptive procedural, disclosure, and communication requirements. The action reduces unnecessary regulatory burdens and provides credit union boards of directors with greater flexibility to exercise their business judgment. Comments are due 04/13/2026. The proposed rule may be viewed at: https://www.govinfo.gov/content/pkg/FR-2026-02-11/pdf/2026-02763.pdf Federal Register, Vol. 91, No. 28, 02/11/2026, 6141-6144.
NCUA issued a proposed rule to amend its regulations governing the voluntary termination of federal share insurance to streamline member communication requirements. The action is necessary to reduce regulatory burden by eliminating overly prescriptive formatting rules for the mandatory disclosure statement that credit unions must provide to members. Comments are due 04/13/2026. The proposed rule may be viewed at: https://www.govinfo.gov/content/pkg/FR-202602-11/pdf/2026-02764.pdf Federal Register, Vol. 91, No. 28, 02/11/2026, 6144-6147.
NCUA issued a proposed rule to eliminate the regulatory requirement that each director of a federal credit union attain a working familiarity with finance and accounting within six months after election or appointment. NCUA believes the regulation is unnecessarily prescriptive. Comments are due 04/27/2026. The proposed rule may be viewed at: https:// www.govinfo.gov/content/pkg/FR-2026-02-25/pdf/2026-03753.pdf. Federal Register, Vol. 91, No. 37, 02/25/2026, 9177-9179.
NCUA issued a proposed rule to rescind its regulation that addresses the refund of interest to members. NCUA believes the regulation is redundant, as it restates the authority already granted to a federal credit union’s board of directors by the Federal Credit Union Act section 113(9). Comments are due 04/27/2026. The proposed rule may be viewed at: https:// www.govinfo.gov/content/pkg/FR-2026-02-25/pdf/2026-03756.pdf Federal Register, Vol. 91, No. 37, 02/25/2026, 9179-9181.
NCUA issued a proposed rule to remove regulations regarding federal credit unions’ (FCUs) statutory lien authority. NCUA believes it is redundant to continue to include a definition of the term “except as otherwise provided by law or except as otherwise provided by federal law” when it is axiomatic that a law that supersedes this regulation would be controlling. The provision does not provide any assistance to FCUs in determining whether such statutory or case law exists, therefore it has no material value. Comments are due 04/27/2026. The proposed rule may be viewed at: https:// www.govinfo.gov/content/pkg/FR-2026-02-25/pdf/2026-03758.pdf. Federal Register, Vol. 91, No. 37, 02/25/2026, 9181-9182.
NCUA issued a proposed rule to amend the regulation that limits a federally insured credit union official and employee compensation in connection with loans to members and lines of credit to members. To provide clearer and more flexible standards, the proposed rule would expressly permit incentive and bonuses to employees, including senior management, to incorporate lending metrics as part of compensation based on a credit union’s overall financial performance. Comments are due 04/27/2026. The proposed rule may be viewed at: https://www.govinfo.gov/content/pkg/FR-2026-02-25/ pdf/2026-03754.pdf. Federal Register, Vol. 91, No. 37, 02/25/2026, 9182-9185.
Regulatory Spotlight
NCUA issued a proposed rule to revise its regulations governing the organization and operation of federal credit unions (FCUs) by eliminating a provision related to credit union service contracts. NCUA intends to reduce administrative costs and compliance complexity with the revision, enabling FCUs to serve their members more efficiently. Comments are due 04/27/2026. The proposed rule may be viewed at: https://www.govinfo.gov/content/pkg/FR-2026-02-25/pdf/202603757.pdf Federal Register, Vol. 91, No. 37, 02/25/2026, 9185-9188.
NCUA issued a proposed rule to streamline its regulations governing the purchase, sale, and pledge of eligible obligations. NCUA proposed to remove the prescriptive lists of items that must be addressed in the written policies adopted by a federal credit union (FCU). Although FCUs would still be required to maintain written policies, removing the mandated items will enable a more efficient and principles-based approach. NCUA also proposed to remove detailed requirements regarding conflicts of interest and compensation. NCUA believes the regulatory provisions are unnecessary since FCUs are already governed by broader conflict of interest provisions in their bylaws and by the fiduciary duties of their officials. Comments are due 04/27/2026. The proposed rule may be viewed at: https://www.govinfo.gov/content/ pkg/FR-2026-02-25/pdf/2026-03755.pdf Federal Register, Vol. 91, No. 37, 02/25/2026, 9188-9191.
NCUA Proposes to Rescind FOM Interpretive Ruling and Policy Statement.
NCUA proposed to rescind its Interpretative Ruling and Policy Statement 06-1, IRPS 06-1. Rescinding IRPS 06-1 would ease the compliance burden on Federal credit unions (FCUs) by limiting the number of sources that FCUs must check to ensure compliance with applicable chartering and field of membership requirements. Comments are due 04/13/2026 The proposed rule may be viewed at: https://www.govinfo.gov/content/pkg/FR-2026-02-11/pdf/2026-02765.pdf. Federal Register, Vol. 91, No. 28, 02/11/2026, 6138-6141.
NCUA Seeks Comment under EGRPRA.
NCUA is reviewing its regulations to identify rules that are outdated, unnecessary, or unduly burdensome under the Economic Growth and Regulatory Paperwork Reduction Act (EGRPRA). NCUA divided its regulations into ten categories and has published several Federal Register documents at regular intervals, each requesting comment on multiple categories of regulations. This third and final document requests comment on regulations in the categories of Corporate Credit Unions; Directors, Officers and Employees; Anti-Money Laundering and Bank Secrecy Act; Rules of Procedure; and Safety and Soundness. Comments are due 06/01/2026. The notice may be viewed at: https://www.govinfo.gov/content/ pkg/FR-2026-03-03/pdf/2026-04154.pdf Federal Register, Vol. 91, No. 41, 03/03/2026, 10343-10349.
Compliance Notes
FDIC Chairman Hill recently provided an update on reforms to the regulatory toolkit. The statement includes remarks regarding supervision reform, regulatory capital, liquidity, BSA/AML related matters, stablecoins, and shelf charters. Chairman Hill’s remarks may be viewed at: https://www.fdic.gov/news/speeches/2026/update-reformsregulatory-toolkit
FFIEC updated its BSA/AML Infobase to remove references to reputational risk. The updates do not establish new requirements. The announcement may be viewed at: https://bsaaml.ffiec.gov/whatsnew
FRB, FDIC and OCC jointly issued answers to frequently asked questions (FAQs) to clarify the capital treatment of tokenized securities. A security is often referred to as “tokenized” when ownership rights in the security are represented using distributed ledger technology. The answers to the FAQs clarify that an eligible tokenized security should generally receive the same capital treatment as the non-tokenized form of the security under the capital rule. The agencies also clarified that the capital rule is technology neutral, and the technologies used to issue and transact in a security do not generally impact its capital treatment. The announcement may be viewed at: https://www.federalreserve.gov/ supervisionreg/capital-treatment-of-tokenized-securities-faqs.htm
Treasury released three reports on the efforts to combat financial crimes. One report focuses on the national risk assessment on money laundering, the second on terrorist financing, and the third on proliferation financing. Each may be viewed at the following links, respectively: https://home.treasury.gov/system/files/246/2026-NMLRA.pdf, https://home. treasury.gov/system/files/246/2026-NTFRA.pdf, and https://home.treasury.gov/system/files/246/2026-NPFRA.pdf
SBA issued a new policy to ban foreign nationals and non-citizens from accessing SBA-guaranteed small business loans. The latest notice applies to SBA’s Surety Bond and Microloan Programs. As a result of the change, small business owners applying for any SBA loan program must be a U.S. citizen or U.S. national with their principal residence in the U.S. The announcement may be viewed at: https://www.sba.gov/article/2026/03/09/sba-bans-foreign-nationals-accessingsba-backed-loans
IRS announced the launch of a new web page that allows taxpayers to confidentially report suspected tax fraud, scams, evasion, or other tax-related illegal activities, as well as internal-facing improvements that will enhance how referrals are used to stop illegal activity. The announcement may be viewed at: https://www.bankersonline.com/topstory/ irs-launches-web-page-tax-fraud-and-scam-reporting
SEC issued an interpretation clarifying how the federal securities laws apply to certain crypto assets and transactions involving crypto assets. The guidance is a major step in SEC’s efforts to provide greater clarity regarding its treatment of crypto assets. CFTC joined the interpretation to provide guidance that its staff will administer the Commodity Exchange Act consistent with SEC’s interpretation. A fact sheet may be viewed at: https://www.sec.gov/ files/33-11412-fact-sheet.pdf
SEC also announced entering an MOU with CFTC to guide coordination and collaboration between the two agencies to support lawful innovation, uphold market integrity, and ensure investor and customer protection. The MOU reflects both agencies’ commitment to provide fair notice to market participants, respect individual liberty, and foster lawful innovation with the minimum effective dose of regulation to enhance U.S. competitiveness in finance. The announcement may be viewed at: https://www.sec.gov/newsroom/press-releases/2026-26-sec-cftc-announce-historic-memorandumunderstanding-between-agencies
FTC sent letters to nearly 100 auto groups nationwide warning them that the prices they advertise must be the total price, including all mandatory fees, that consumers will be required to pay. The letters encourage dealers to review their advertising and pricing practices, including ensuring advertised prices include all fees consumers will be required to pay when buying a vehicle. At a minimum, this includes evaluating advertised prices to ensure they match actual prices charged to consumers. FTC will continue to monitor the marketplace and will take additional action as warranted to ensure compliance with the FTC Act and other rules FTC enforces. The announcement and letter example may be viewed at: https://www.ftc.gov/news-events/news/press-releases/2026/03/ftc-warns-97-auto-dealership-groups-aboutdeceptive-pricing
March
9-11
ABA/WBA Washington Summit
Washington, DC
10 Advanced IRA Workshop
Madison or Virtual - $275/attendee
11 Health Savings Accounts (HSA) Workshop
Madison or Virtual - $275/attendee
11-12 Call Report Workshop
3/125/9
Two Virtual Half-Days - $295/attendee
Virtual Credit Analyst Development Program
Six-part online workshop series – $2,750/attendee
18-19 Supervisor Boot Camp
17-19
Wausau – $550/attendee
Loan Compliance School
Madison or Virtual - $895/attendee
23-26 Residential Mortgage Lending School
Madison - $1,095/attendee
25 Online Workshop: Fundamentals of Comm.
Lending 201: Analyzing Repayment Sources
Virtual full day – $275/attendee
26 Security Officer Workshop
Wisconsin Dells - $275/attendee
26 Branch Manager Boot Camp: Session III
Four-part series, virtual half days – $900/attendee
TBD Fraud On-Demand Video Series
Five-part video series – $995/bank
April
4/24/24
Understanding Bank Performance Virtual Series Eight-part webinar series – $1,000/attendee
8-9 Principles of Banking – CLASS FULL Fond du Lac - $550/attendee
14-16 Real Estate Compliance School
Madison or Virtual - $895/attendee
15 Online Workshop: Basic Personal & Business Tax
Return Analysis
Virtual full day – $275/attendee
16-17 Agricultural Bankers Conference
Wisconsin Dells - $350/attendee
20-25 9th Annual Power of Community Week
www.wisbank.com/BanksPowerWI
20-24 School of Bank Management
Madison - $1,395/attendee
April continued
21 Community Bankers for Compliance – Session II
Virtual half-day – annual membership/pricing varies
23 Branch Manager Boot Camp: Session IV
Four-part series, virtual half days – $900/attendee
27 20th Annual Women in Banking Conference
Wisconsin Dells – team pricing available
28-29 Introduction to Commercial Lending Boot Camp
Madison - $550/attendee
29 Wisconsin Economic Forecast Luncheon
29-30
Madison
Personal Banker School Wausau - $550/attendee
TBD Hot Topics in Commercial & Agricultural Lending Webinar Series Multi-part webinar series
May
4-7 ICBA/WBA Capital Summit
5-6
6-7
Washington, DC
BSA/AML Conference
Wisconsin Dells - $495/attendee
Train the Trainer Boot Camp
Madison – $550/attendee
12 CFO Conference
Madison - $275/attendee
13 Directors Summit
Madison - $275/attendee
13-14 Principles of Banking Wausau - $550/attendee
19-20
Human Resources Conference
Wisconsin Dells - $350/attendee
KEY: Color-Coded Event Descriptions
Conferences/Summits – One or more days, based on hot topics, industry news and best practices, scheduled time for peer networking
Schools/Boot Camps – Focused on a particular area of banking, allowing for a deep dive into that focused area over the course of two to six days
Workshops/Seminars – One-day programs focused on a specific topic or area of banking.
WBA-Hosted Webinars
Other Events
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