Banking and Finance Law Daily Wrap Up, REGULATION TRACKER—Upcoming comment deadlines and effective dates, (Aug 31, 2026)

By WK Editorial Staff

Comment deadlines and effective dates for regulatory activity issued by the federal financial institution agencies.

The Banking and Finance Law Daily Regulation Tracker includes a Proposed Rules Comment Calendar and a table of Final Rule Effective Dates. Recent activity includes the following:

The Office of Foreign Assets Control has issued a final rule that indefinitely suspends five general licenses issued pursuant to the Iranian Transactions and Sanctions Regulations to align with changes in the foreign policy of the United States towards Iran.

The Federal Deposit Insurance Corporation has extended the comment period on a notice of proposed rulemaking that would update, clarify, and supplement the FDIC’s regulations regarding the disclosure of confidential information by the FDIC and other parties. The FDIC took this action to provide interested parties with additional time to analyze the proposal and prepare comments.

The FDIC has also issued an interim final rule that amends its brokered deposit regulations to conform with recent changes to section 29 of the Federal Deposit Insurance Act made by section 902 of the 21st Century ROAD to Housing Act related to reciprocal deposits, which took effect on July 11, 2026. The FDIC is also providing certain clarifications regarding the reciprocal deposit framework to facilitate and simplify compliance. Among other things, the interim final rule increases the amount of reciprocal deposits agent institutions may exclude from treatment as brokered deposits by modifying the “general cap” with a new tiered liability-based calculation, up to a maximum of $30 billion; and amends the definition of “agent institution” to include 3-rated, well capitalized institutions.

The FDIC and Office of the Comptroller of the Currency have adopted a final rule to define the term “unsafe or unsound practice” for purposes of Section 8 of the Federal Deposit Insurance Act and to revise the supervisory framework for the issuance of matters requiring attention and other supervisory communications. The FDIC also issued a statement to summarize its supervisory and enforcement approach for implementing the final rule The statement explains how the FDIC will apply the final rule’s definition of “unsafe or unsound practice,” revise its approach to Matters Requiring Attention (MRAs), and update examination communications, Reports of Examination, manuals, and related supervisory materials.

The OCC has also proposed a rulemaking to refine the standard for the issuance of matters requiring attention in response to violations of laws and regulations. The proposed rule would establish two categories of violations: “substantive violations” and “technical violations.” The proposal is intended to focus the attention of national banks, federal savings associations, and federal branches and agencies and examiners on violations that could meaningfully impact a bank or its customers, while preserving an effective mechanism for addressing less significant violations.

Finally, the Financial Crimes Enforcement Network has proposed a rulemaking that would revoke Banque Misr UAE’s correspondent banking access to U.S. financial institutions. The proposed rulemaking would find that Banque Misr UAE is a financial institution operating outside the United States and a primary money laundering concern. The proposed rulemaking would also require U.S. financial institutions to take reasonable steps not to process a transaction for a correspondent account in the United States of a foreign banking institution if such a transaction involves Banque Misr UAE and to apply to their foreign correspondent accounts special due diligence that is reasonably designed to guard against their use to process transactions involving Banque Misr UAE.

Companies: Banque Misr UAE

See the Regulation Tracker for details.

RegulatoryActivity: BankingOperations BankSecrecyAct CrimesOffenses DepositInsurance EnforcementActions FinancialStability PrudentialRegulation