OCCGeneralJune 2, 2026

Federal Banking Agencies Remove 'Reputation Risk' from Supervisory Guidance

The OCC, FDIC, and Federal Reserve jointly updated 15 interagency guidance documents to remove references to reputation risk as a supervisory consideration. This is significant for crypto and fintech firms that have historically faced banking access challenges when banks cited reputational concerns; its removal may reduce discretionary debanking of digital asset businesses.

What to do

Engage your banking partners or correspondent banks to discuss whether the removal of reputation risk as a supervisory factor affects their policies toward crypto and fintech clients.

Who this affects

Bank / Credit UnionCrypto ExchangeMoney Services BusinessFintech / NeobankCrypto Custodian

Does this affect your program?

Pick your institution type for an instant read on whether you're in scope — then see exactly which sections of your own policies this changes.

Source

Read the official publication

This radar entry is educational and does not constitute legal advice. Summaries are AI-assisted and grounded in the linked official source; always verify against the primary source and consult qualified legal counsel for jurisdiction-specific guidance.

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OCC

OCC Proposes BSA/AML and Sanctions Rules for Payment Stablecoin Issuers

The OCC, in coordination with FinCEN and OFAC, has proposed regulations implementing BSA/AML and sanctions compliance requirements specifically for permitted payment stablecoin issuers under its jurisdiction, as required by the GENIUS Act. This is a landmark proposal that will establish formal AML program, KYC, and sanctions screening obligations for federally supervised stablecoin issuers. Compliance officers at stablecoin issuers and banks exploring stablecoin activities should treat this as a top-priority rulemaking.

SEC

SEC & CFTC Seek Input on Overhauling Swap Data Reporting Rules

This is the SEC-side publication of the same joint CFTC/SEC request for comment on redesigning swap and security-based swap data reporting requirements. Crypto exchanges and broker-dealers offering digital asset derivatives should track this rulemaking closely as it could reshape trade reporting obligations. The comment period represents an opportunity to influence how crypto-linked instruments are treated.

CFTC

CFTC & SEC Seek Input on Overhauling Swap Data Reporting Rules

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