The Federal Register for April 10, 2026, carries a coordinated wave of financial regulation proposals alongside final rules reshaping how banks are supervised and how foreign interests in U.S. communications networks are disclosed.
Stablecoin Issuers Face New Federal Oversight Under GENIUS Act
The Treasury Department’s Financial Crimes Enforcement Network and the Office of Foreign Assets Control published a joint proposed rule treating permitted payment stablecoin issuers as financial institutions subject to anti-money laundering and countering-the-financing-of-terrorism obligations under the recently enacted GENIUS Act. Separately, the FDIC issued its own proposed rule clarifying GENIUS Act requirements for FDIC-supervised stablecoin issuers and insured depository institutions, including standards for deposit insurance coverage of reserve assets and tokenized deposits. Comments on both proposals are due June 9, 2026.
Regulators Finalize Ban on ‘Reputation Risk’ in Bank Supervision
The Office of the Comptroller of the Currency and the FDIC adopted a final rule codifying the elimination of reputation risk from supervisory programs. The rule prohibits regulators from pressuring banks to close accounts or deny services based on a customer’s political or social views, religious beliefs, or lawful business activities. The rule takes effect June 9, 2026.
Sweeping AML/CFT Modernization Proposed for Banks
Three federal banking regulators — the OCC, FDIC, and National Credit Union Administration — published a proposed rule requiring banks and credit unions to maintain effective AML/CFT programs aligned with changes implementing the Anti-Money Laundering Act of 2020. FinCEN simultaneously published a companion proposed rule modernizing Bank Secrecy Act requirements and enhancing FinCEN’s supervisory role. Comments are due June 9, 2026.
FCC Requires Disclosure of Foreign Adversary Control of Communications Networks
The Federal Communications Commission adopted a final rule requiring holders of FCC licenses and authorizations to attest whether they are subject to foreign adversary control and to disclose related information. The rule is effective June 9, 2026.
Federal Reserve Proposes Opening FedNow to Cross-Border Payments
The Federal Reserve Board proposed amending Regulation J to permit FedNow Service participants using intermediaries for cross-border payments to utilize FedNow for the domestic leg of those transactions. Comments are due June 9, 2026.