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October 24, 2025 |
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 Features
"Change is in the air" with respect to federal banking regulation, and that change has been overwhelmingly positive, ABA President and CEO Rob Nichols told attendees at the recent Financial Crimes Enforcement Conference in Arlington, Virginia.
As banks explore stablecoins, they must keep in mind that Bank Secrecy Act and sanctions rules still apply, and that should guide their relationships with third parties that provide stablecoin services, according to ABA SVP and Counsel Heather Trew.
Net interest margins are the most important external risk facing community banks, according to the Conference of State Bank Supervisors’ 2025 community bank survey. Core deposit growth ranked second among external risks, followed by economic conditions, cost of technology and cost of funds.
U.S. adults overwhelmingly trust banks more than any other entity to protect them from fraud, according to a new survey conducted by Morning Consult on behalf of the ABA. By more than a six-to-one margin over the next closest industry, consumers chose banks (50%) over healthcare providers (8%), non-bank fintech payment providers (8%), the government (5%), cryptocurrency companies (2%), major retailers (1%) and telecom companies (1%).
Risk and Compliance News
Banks using the ABA’s online tool to access the Treasury Check Verification System will now be able to report counterfeit checks through the tool, according to Paul Benda, ABA EVP for Risk, Fraud and Cybersecurity.
Banking regulators reiterated that there is no supervisory or Bank Secrecy Act requirement that financial institutions conduct a review of a customer or account after the institution has filed a suspicious activity report, and there is no requirement that institutions file a SAR for a series of transactions from the same source just below the $10,000 reporting threshold.
The Federal Communications Commission has released a draft notice of proposed rulemaking that, if issued and then finalized, would adopt several ABA requests to modernize the FCC’s Telephone Consumer Protection Act rules and combat illegal call spoofing.
The Financial Crimes Enforcement Network and the federal banking agencies jointly released an FAQ to clarify certain requirements related to suspicious activity reports. The FAQ is part of what Treasury Secretary Scott Bessent said is a broader effort to address "pain points" for banks with anti-money laundering/countering the financing reporting requirements.
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