BCG Monthly Newsletter

Bankers’ Compliance Group® is pleased to provide its members with a monthly online Newsletter that keeps members informed on current topics related to Dodd-Frank Regulatory Reform, Consumer Finance, Operations, Commercial Lending, etc. BCG members can view the current Newsletter by selecting the download button below.
 

California Enacts Fair Lending Examination Act
On September 30, 2026, Governor Newsom signed Assembly Bill (AB) 801, the California Fair Lending Examination Act (the “Act”) into law.  The Act, which has an effective date of January 1, 2027, creates new fair lending examination requirements for California-chartered banks, California-chartered credit unions, and licensees under the California Residential Mortgage Lending Act (CRMLA).

OCC Isssues Supervisory Framework for Super Intelligence
On November 4, 2026, the OCC issued the “Supervisory Framework on Bank Use of Super Intelligence” (“SI Supervisory Framework”).  The SI Supervisory Framework provides bank examiners with a framework for evaluating banks use of “super intelligence” (SI) (which was previously referred to as artificial intelligence in agency guidance).

NCUA Announces Additional Regulatory Changes Under Deregulation Project
On October 20 and November 3, 2026, the NCUA announced its thirteenth and fourteenth rounds of regulatory changes under its ongoing Deregulation Project.  The initiative intends to eliminate outdated, duplicative, and unnecessarily burdensome regulations while maintaining credit union safety and soundness. 

FRB Updates its Statement of Supervisory Operating Principles
On September 24, 2026, the Federal Reserve Board (FRB) issued an updated version of its Statement of Supervisory Operating Principles (the “Revised Statement”).  The Revised Statement replaces the version of the statement issued in April 2026 (the “Original Statement”) and includes updates to reflect key preliminary findings in Starling Advisory Group’s (“Starling”) independent review of Silicon Valley Bank’s (SVB) failure and other feedback received since the Original Statement.

American Bankers Association and State Associations Submit Comment Letter in Response to FDIC and OCC’s CRA Proposal
As previously reported by BCG, on August 12, 2026, the FDIC and OCC published a proposed rule which, if finalized, would make substantial revisions to these agencies’ Community Reinvestment Act (CRA) regulations.  91 FR 52114.  The agencies accepted public comments on this proposal until October 13, 2026.

Table of Contents

CONSUMER FINANCE

• California Enacts Fair Lending Examination Act
• New Law Establishes Uniform Definition of “Sex Discrimination” Across California Code Sections
• CFPB Publishes Semi-Annual Report to Congress
• DFPI Orders California Financial Institutions to Report Data on LA-Wildfire Insurance Payouts

BANKING OPERATIONS & FINTECH

• OCC Isssues Supervisory Framework for Super Intelligence
• California’s Digital Age Assurance Act Effective Date is Coming Up
• FinCEN Issues FAQ on Use of Verifiable Digital Credentials Under the CIP
• FinCEN and OCC Impose Significant Fines on Bank of America for Bank Secrecy Act Violations

CREDIT UNIONS

• NCUA Announces Additional Regulatory Changes Under Deregulation Project

CORPORATE GOVERNANCE AND MANAGEMENT

• FRB Updates its Statement of Supervisory Operating Principles
• OCC Issues Final Rule for Stablecoin Issuers
• FRB Outlines Plan to Modernize Bank Regulation and Supervision
• OCC Urges CARB to Exempt Federally Chartered Banks from California’s Climate Disclosure Laws