Week of March 14, 2022 - Regulatory Updates

Updates from agencies like OST, NCUA, OFAC, FRB, and SBA from February 28, 2022 to March 06, 2022.


The agencies regulating the Banking and Financial Services Industry under Title 12, Title 13, Title 17, and Title 31 of the Electronic Code of Federal Regulations (eCFR) publish daily updates on their websites that contain information including Guidance, Bulletins, Press Releases, etc. Please find the summary of the updates by these agencies from February 28, 2022 to March 06, 2022.

Final Rules that became Effective this Week

eCFR Updates through Final Rules

Publish Date Agency Effective Date Document Number Regulation
Mar 01, 2022 OFAC Mar 01, 2022 2022-04281 31 CFR 587-A-101-N/A
Mar 01, 2022 OFAC Mar 01, 2022 2022-04281 31 CFR 587-B-(201-205)-N/A
Mar 01, 2022 OFAC Mar 01, 2022 2022-04281 31 CFR 587-C-(300-315)-N/A
Mar 01, 2022 OFAC Mar 01, 2022 2022-04281 31 CFR 587-D-(401-406)-N/A
Mar 01, 2022 OFAC Mar 01, 2022 2022-04281 31 CFR 587-E-(501-510)-N/A
Mar 01, 2022 OFAC Mar 01, 2022 2022-04281 31 CFR 587-F-601-N/A
Mar 01, 2022 OFAC Mar 01, 2022 2022-04281 31 CFR 587-G-701-N/A
Mar 01, 2022 OFAC Mar 01, 2022 2022-04281 31 CFR 587-H-(801-802)-N/A
Mar 01, 2022 OFAC Mar 01, 2022 2022-04281 31 CFR 587-I-901-N/A
Mar 01, 2022 OFAC Mar 01, 2022 2022-04281 31 CFR 587-Appendix A to Part 587
Feb 28, 2022 NCUA Feb 28, 2022 2022-03845 12 CFR 702-A-106-b

Federal Register Summary

PD NOT PR RULES PD SD PAGES
Mar 04, 2022 109 03 10 03 01 166
Mar 03, 2022 88 14 13 05 05 466
Mar 02, 2022 86 07 12 00 00 341
Mar 01, 2022 87 17 19 00 03 306
Feb 28, 2022 82 12 17 00 02 349

PD - Publish Date; NOT - Notices; PR - Proposed Rules; RULES - Rules; PD - Presidential Documents; SD - Significant Documents; PAGES - Number of Pages.

Agency Publications Summary

OFFICE OF THE SECRETARY OF THE TREASURY

Publish Date Title Industry Verticals
Mar 04, 2022 Document Code: N/A, Title: Remarks by Secretary of the Treasury Janet L. Yellen at Stanford Institute for Economic Policy Research’s 2022 Economic Summit, Related Rules: 31 Money and Finance: Treasury
Mar 04, 2022 Document Code: N/A, Title: FATF Strengthens Financial Transparency Standards and Updates Evaluation Methodology, Related Rules: 31 Money and Finance: Treasury
Mar 04, 2022 Document Code: N/A, Title: Treasury Sanctions Hizballah Financiers in Guinea, Related Rules: 31 Money and Finance: Treasury
Mar 03, 2022 Document Code: N/A, Title: Remarks by Secretary of the Treasury Janet L. Yellen at the Climate Transition: Federal Policy and State and Local Government Best Practices Roundtable, Related Rules: 31 Money and Finance: Treasury
Mar 03, 2022 Document Code: N/A, Title: Treasury Launches Historic Equity Measurements for American Rescue Plan Small Business Investments Program, Related Rules: 31 Money and Finance: Treasury
Mar 03, 2022 Document Code: N/A, Title: FACT SHEET: Treasury’s Work to Support States, Localities, and Communities in the Climate Transition, Related Rules: 31 Money and Finance: Treasury
Mar 03, 2022 Document Code: N/A, Title: READOUT: Virtual Roundtable on State and Local Efforts to Address Climate Change, Related Rules: 31 Money and Finance: Treasury
Mar 03, 2022 Document Code: N/A, Title: Remarks by Assistant Secretary for Tax Policy Lily Batchelder at the 2022 Tax Conference Hosted by the Federal Bar Association, Related Rules: 31 Money and Finance: Treasury
Mar 03, 2022 Document Code: N/A, Title: Treasury Sanctions Russians Bankrolling Putin and Russia-Backed Influence Actors, Related Rules: 31 Money and Finance: Treasury
Mar 02, 2022 Document Code: N/A, Title: Secretary of the Treasury Janet L. Yellen’s Remarks at the University of Illinois Chicago’s Innovation Center, Related Rules: 31 Money and Finance: Treasury
Mar 02, 2022 Document Code: N/A, Title: U.S. Treasury Takes Additional Steps to Strengthen Compliance with Russia-Related Sanctions, Related Rules: 31 Money and Finance: Treasury
Mar 01, 2022 Document Code: N/A, Title: READOUT: Secretary of the Treasury Janet L. Yellen’s Call with French Finance Minister Bruno Le Maire, Related Rules: 31 Money and Finance: Treasury
Mar 01, 2022 Document Code: N/A, Title: Treasury Sanctions South Africa-based ISIS Organizers and Financial Facilitators, Related Rules: 31 Money and Finance: Treasury
Mar 01, 2022 Document Code: N/A, Title: READOUT: Deputy Secretary of the Treasury Wally Adeyemo’s Meeting with Korea First Vice Minister of Economy and Finance Eog-weon Lee, Related Rules: 31 Money and Finance: Treasury
Mar 01, 2022 Document Code: N/A, Title: READOUT: Secretary of the Treasury Janet L. Yellen’s Call with European Commission Executive Vice President for Economy Valdis Dombrovskis, Related Rules: 31 Money and Finance: Treasury
Mar 01, 2022 Document Code: N/A, Title: Treasury Publishes National Risk Assessments for Money Laundering, Terrorist Financing, and Proliferation Financing, Related Rules: 31 Money and Finance: Treasury
Mar 01, 2022 Document Code: N/A, Title: Statement from Secretary of the Treasury Janet L. Yellen on G7 Finance Ministers and Central Bank Governors Meeting, Related Rules: 31 Money and Finance: Treasury
Mar 01, 2022 Document Code: N/A, Title: READOUT: Secretary of the Treasury Janet L. Yellen and Deputy Secretary of the Treasury Wally Adeyemo’s Meeting with German Vice Chancellor and Minister of Economic Affairs and Climate Action Robert Habeck, Related Rules: 31 Money and Finance: Treasury
Feb 28, 2022 Document Code: N/A, Title: Treasury Prohibits Transactions with Central Bank of Russia and Imposes Sanctions on Key Sources of Russia’s Wealth, Related Rules: 31 Money and Finance: Treasury
Feb 28, 2022 Document Code: N/A, Title: Preliminary Report on Foreign Holdings of U.S. Securities at End-June 2021, Related Rules: 31 Money and Finance: Treasury
Feb 28, 2022 Document Code: N/A, Title: READOUT: Secretary of the Treasury Janet Yellen’s Call with Japanese Finance Minister Shunichi Suzuki, Related Rules: 31 Money and Finance: Treasury
Feb 28, 2022 Document Code: N/A, Title: Treasury to Host Virtual Roundtable on State and Local Efforts to Address Climate Change, Related Rules: 31 Money and Finance: Treasury

NATIONAL CREDIT UNION ADMINISTRATION

Publish Date Title Industry Verticals
Mar 04, 2022 Document Code: N/A, Title: Empire Financial Federal Credit Union Closes; Jovia Federal Credit Union Assumes Loans, Assets, and Shares, Related Rules: 12 Banks and Banking
Mar 01, 2022 Document Code: N/A, Title: NCUA Returns Control of Southern Pine Credit Union to Members, Related Rules: 12 Banks and Banking
Mar 01, 2022 Document Code: N/A, Title: NCUA Vice Chairman Kyle S. Hauptman Remarks at the 2022 CUNA Governmental Affairs Conference, Related Rules: 12 Banks and Banking
Mar 01, 2022 Document Code: N/A, Title: NCUA Board Member Rodney E. Hood Remarks at the 2022 CUNA Governmental Affairs Conference Washington D.C., Related Rules: 12 Banks and Banking
Feb 28, 2022 Document Code: N/A, Title: NCUA Issues Prohibition Order, Related Rules: 12 Banks and Banking
Feb 28, 2022 Document Code: N/A, Title: NCUA to Distribute $569 Million Under Corporate System Resolution Program, Related Rules: 12 Banks and Banking
Feb 28, 2022 Document Code: N/A, Title: The Honorable Todd M. Harper Chairman of the National Credit Union Administration Remarks before the CUNA Governmental Affairs Conference, Related Rules: 12 Banks and Banking

OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURY

Publish Date Title Industry Verticals
Mar 04, 2022 Document Code: N/A, Title: Counter Terrorism Designations, Related Rules: 31 Money and Finance: Treasury
Mar 04, 2022 Document Code: N/A, Title: Publication of Russia-related Frequently Asked Questions, Related Rules: 31 Money and Finance: Treasury
Mar 03, 2022 Document Code: N/A, Title: Russia-related Designations; Issuance of Russia-related General License, Related Rules: 31 Money and Finance: Treasury
Mar 02, 2022 Document Code: N/A, Title: Issuance of Russia-related General Licenses; Publication of new and amended Frequently Asked Questions, Related Rules: 31 Money and Finance: Treasury
Mar 01, 2022 Document Code: N/A, Title: Counter Terrorism Designations and Designation Update, Related Rules: 31 Money and Finance: Treasury
Feb 28, 2022 Document Code: N/A, Title: Issuance of Russian Harmful Foreign Activities Sanctions Regulations, Related Rules: 31 Money and Finance: Treasury
Feb 28, 2022 Document Code: N/A, Title: Russia-related Designations; Issuance of Russia-related Directive 4 and Russia-related General License 8A, Related Rules: 31 Money and Finance: Treasury

FEDERAL RESERVE SYSTEM

Publish Date Title Industry Verticals
Mar 04, 2022 Document Code: N/A, Title: Federal Reserve Board announces six new members of its Community Advisory Council (CAC), Related Rules: 12 Banks and Banking
Mar 04, 2022 Document Code: N/A, Title: Federal Reserve Board announces approval of application by M&T Bank Corporation, Related Rules: 12 Banks and Banking
Mar 02, 2022 Document Code: N/A, Title: Semiannual Monetary Policy Report to the Congress, Related Rules: 12 Banks and Banking
Mar 01, 2022 Document Code: N/A, Title: Federal Reserve Board invites public comment on supplement to its May 2021 proposal, Related Rules: 12 Banks and Banking
Mar 01, 2022 Document Code: N/A, Title: Federal Reserve Board announces approval of application by TriCo Bancshares, Related Rules: 12 Banks and Banking
Mar 01, 2022 Document Code: N/A, Title: Federal Reserve Board announces approval of application by A.N.B. Holding Company, Ltd., Related Rules: 12 Banks and Banking

SMALL BUSINESS ADMINISTRATION

Publish Date Title Industry Verticals
Mar 05, 2022 Document Code: 22-16, Title: Statement by SBA Administrator Guzman on Today’s Strong Jobs Day Numbers, Related Rules: 13 Business Credit and Assistance
Mar 03, 2022 Document Code: RO22-09, Title: READOUT: Administrator Guzman Joined Reps. Dwight Evans and Chrissy Houlahan in Philadelphia to Celebrate Black History Month and Highlight President Biden’s American Rescue Plan, Related Rules: 13 Business Credit and Assistance
Mar 02, 2022 Document Code: 22-14, Title: Statement by SBA Administrator Guzman Observing Women’s History Month 2022, Related Rules: 13 Business Credit and Assistance
Mar 01, 2022 Document Code: 22- 15, Title: Statement by SBA Administrator Guzman on President Biden’s State of the Union Address, Related Rules: 13 Business Credit and Assistance
Mar 01, 2022 Document Code: MA22-11, Title: MARCH 28-30: SBA Announces 2022 Women’s Business Summit, Related Rules: 13 Business Credit and Assistance
Mar 01, 2022 Document Code: 22-13, Title: SBA Announces Funding Opportunity for Eligible Organizations to Provide Boots to Business Training Overseas, Related Rules: 13 Business Credit and Assistance