Texas CU Compliance News

Krebs on Security Mar 08, 2026 Security TX

How AI Assistants are Moving the Security Goalposts

- AI assistants like OpenClaw are rapidly gaining popularity and changing security priorities for organizations. - Poorly-secured OpenClaw installations can expose sensitive credentials and allow external parties to impersonate users, exfiltrate data, and inject...

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Banking Dive Mar 06, 2026 Commentary TX

West Virginia bank director quits over executive pay concerns

- Glen Herrick resigned from MVB’s board citing concerns over executive pay and strategic focus. - The issue of executive compensation and its alignment with performance is a critical area for credit unions to...

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Banking Dive Mar 06, 2026 Proposals|commentary TX

Morgan Stanley partner Zerohash applies for OCC trust charter

- Morgan Stanley partner Zerohash is applying for an OCC trust charter. - There is backlash from a bank trade group leader who criticizes the OCC’s discretion.

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Banking Dive Mar 05, 2026 Enforcement TX

Wells Fargo 2018 enforcement action terminated

- Wells Fargo has had its 2018 enforcement action terminated by the Federal Reserve. - The bank has shown sufficient improvements in governance and risk management since the 2016 fake-accounts scandal.

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Banking Dive Mar 04, 2026 Proposals TX

OCC’s proposed threshold change divides bank trade groups

- Community lenders oppose raising the asset threshold from $50 billion to $700 billion, citing safety concerns. - Large banks are pushing for the higher standards to be eliminated.

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Federal Register - Credit Unions Mar 03, 2026 Proposals|commentary TX

Regulatory Publication and Voluntary Review as Contemplated by the Economic Growth and Regulatory Paperwork Reduction Act of 1996

The NCUA is conducting a voluntary review of its regulations; comments are requested on categories including 'Corporate Credit Unions,' 'Directors, Officers and Employees,' 'Anti-Money Laundering and Bank Secrecy Act,' 'Rules of Procedure,' and 'Safety...

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Banking Dive Mar 02, 2026 Enforcement TX

JPMorgan, Barclays, Fifth Third sued over Tricolor

- Banks JPMorgan, Barclays, and Fifth Third are being sued for allegedly ignoring significant warning signs about a subprime auto lender's financial health. - The banks are accused of enabling the lender’s fraudulent activities.

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Krebs on Security Feb 28, 2026 Security TX

Who is the Kimwolf Botmaster “Dort”?

- Dort, the Kimwolf botmaster, has been linked to a range of cybercrime activities including DDoS attacks and SIM-swapping services. - The identity of Jacob, Dort's business partner, is connected to a Canadian individual...

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Banking Dive Feb 27, 2026 Enforcement|commentary TX

Warren grills Gould over World Liberty charter application

- Ranking member of the Senate Banking Committee warns OCC chief about potential corruption in approving World Liberty's crypto venture for a trust bank charter. - The warning suggests that approval could make the...

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Banking Dive Feb 26, 2026 Enforcement TX

Dive Deposits: The CFPB RIF case is truly at an impasse

The CFPB is considering settling the RIF case out of court; the D.C. Circuit may return the case to a district judge.

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CISA Alerts Feb 26, 2026 Security TX

CISA Issues Updated RESURGE Malware Analysis Highlighting a Stealthy but Active Threat

- RESURGE malware is described as a stealthy but active threat that credit unions should be aware of. - CISA has issued an updated analysis on the malware, providing insights for better protection.

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Federal Register - Credit Unions Feb 26, 2026 Proposals TX

Renewal of Agency Information Collections of Previously Approved Collections; Request for Comments

- NCUA is submitting extensions and revisions of currently approved collections for renewal as required by the Paperwork Reduction Act of 1995. - The submission will be reviewed by the Office of Management and...

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Banking Dive Feb 25, 2026 Commentary TX

How the Fed is making AI ‘durable’

- Federal Reserve officials view AI as a transformative technology similar to ATMs, suggesting it will shift human effort towards higher-value work. - There are concerns about potential labor market costs associated with the...

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CISA Alerts Feb 25, 2026 Security TX

Immediate Action Required: CISA Issues Emergency Directive to Secure Cisco SD-WAN Systems

CISA has issued an emergency directive requiring immediate action to secure Cisco SD-WAN systems; this is critical for cybersecurity and risk management.

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Banking Dive Feb 25, 2026 Proposals TX

Payoneer applies for OCC’s national trust bank charter

- Payoneer has applied for an OCC national trust bank charter. - The OCC has conditionally approved at least seven trust bank charters since December.

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Banking Dive Feb 25, 2026 Commentary TX

How the OCC is handling its charter application workload

The OCC is addressing an increase in new-bank applications by reallocating staff from supervision roles into one- or two-year rotations within the chartering department; this move aims to expedite the application process.

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