OCCGeneralJune 2, 2026

OCC Bulletin: 'Reputation Risk' Removed from 15 Interagency Guidance Documents

The OCC, FDIC, and Federal Reserve have reissued 15 interagency guidance documents with all references to reputation risk removed, following a regulatory deregulation initiative. For crypto and fintech compliance officers, this shift may reduce the justification banks have used to restrict or terminate accounts for digital asset businesses based on perceived reputational concerns.

What to do

Review your institution's or banking partners' compliance policies to determine whether reputation risk was cited as a basis for any account restrictions, and document this regulatory development in your vendor or banking relationship files.

Who this affects

Bank / Credit UnionCrypto ExchangeMoney Services BusinessCrypto CustodianFintech / Neobank

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.

Related developments

Federal Reserve

Multi-Agency Final Rule Sets Common Data Standards for Financial Regulators

Nine federal financial regulators — including OCC, FDIC, CFTC, SEC, and Treasury — finalized a joint rule establishing interoperable data standards for regulatory reporting under the Financial Data Transparency Act of 2022. No reporting requirements change immediately; future rulemakings will incorporate these standards into specific collections. Compliance teams should track follow-on rulemakings, as this framework will eventually affect how regulated entities submit data to multiple agencies.

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

The CFTC and SEC are jointly requesting public comment on potential changes to how swap and security-based swap data must be reported. Crypto derivatives and tokenized swap products may fall within scope, making this relevant to exchanges and broker-dealers dealing in digital asset derivatives. Compliance officers should monitor whether proposed changes affect reporting obligations for crypto-linked swaps.

Stay ahead of every rule change

PliOS monitors FinCEN, OCC, OFAC, the SEC and CFTC and tells you which of your policies each new rule affects — with the edit already drafted. Start free.

Run My Free Assessment