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The U.S. Department of the Interior, Fish and Wildlife Service, Alaska Region, has completed an inventory of human remains and associated funerary objects under the Native American Graves Protection and Repatriation Act (NAGPRA). These remains and objects, linked to various locations like Atka Island, Agattu Island, and Tanaga Island in Alaska, are culturally affiliated with Native American groups, particularly the Native Village of Atka. The notice outlines that eligible Indian Tribes or Native Hawaiian organizations can request the repatriation of the remains and objects. Repatriation may begin after April 18, 2025, following consideration of any potentially competing requests.

The Federal Deposit Insurance Corporation (FDIC) is proposing changes to its regulations concerning securities offerings by State savings associations and State nonmember banks. The FDIC plans to streamline regulations by removing outdated rules transferred from the Office of Thrift Supervision and creating a new unified regulation for securities disclosures. This new rule aims to simplify and align requirements with current securities laws, ensuring both State savings associations and State nonmember banks are subject to the same rules. The proposed rule also includes technical amendments and invites public comments on these changes until April 5, 2021.

The Consumer Financial Protection Bureau (CFPB) has updated the asset-size exemption threshold for banks, savings associations, and credit unions under the Home Mortgage Disclosure Act (HMDA) to $58 million for 2025, based on an average 2.9% increase in the Consumer Price Index. This change means that institutions with assets of $58 million or less as of December 31, 2024, will not have to collect certain data in 2025. The amendment, which eliminates the need for public comment due to its technical and non-discretionary nature, will take effect on January 1, 2025.

The Federal Reserve Board is seeking public input on a new proposal related to the reporting of transactions involving U.S. Treasury securities and mortgage-backed securities by certain financial institutions. This proposed rule, known as FR 2956, aims to collect detailed daily transaction data from depository institutions that meet specific trading volume criteria. Comments from the public on this proposal are invited by March 22, 2021, and can be submitted through various methods including email and the Federal Reserve’s website. The Board plans to implement this new reporting requirement in 2021, under legal authority provided by the Federal Reserve Act.

The Bureau of Consumer Financial Protection has issued an Advisory Opinion to clarify rules under Regulation B of the Equal Credit Opportunity Act regarding special purpose credit programs. This opinion provides guidance to for-profit organizations on how to develop credit programs that serve specific social needs and explains what information must be included in programs' written plans. It aims to address regulatory uncertainties and encourage financial institutions to create programs that improve credit access for disadvantaged groups. The Advisory Opinion became effective on January 15, 2021.

In a recent decision, the Securities and Exchange Commission (SEC) approved a rule change for the Fixed Income Clearing Corporation (FICC). This amendment allows FICC to manage same-day settling repurchase agreements (repos), improving the efficiency of securities transactions by centralizing settlement processes. The change includes two new services: the Same-Day Settling Service, which allows for both legs of repos to settle under FICC's watch, reducing the risk of settlement failures, and the Pair-Off Service, which helps settle failed trades on the same day they occur, decreasing overnight risk for members. This update aims to streamline the settlement of securities transactions and minimize risks associated with settlements.

The Internal Revenue Service (IRS) has proposed new regulations that explain how to determine if a foreign corporation qualifies as a Passive Foreign Investment Company (PFIC), focusing on insurance companies and banks. These regulations clarify the rules for when income from banking and insurance activities can be considered non-passive, making the company potentially exempt from certain U.S. taxes. They address details like how to value assets and manage accounting standards, aiming to provide clearer guidelines and reduce inconsistencies. This proposal is part of broader efforts to ensure foreign investment income is taxed fairly while maintaining clarity for U.S. investors.

The Office of Foreign Assets Control (OFAC) within the U.S. Department of the Treasury has removed specific names from its Specially Designated Nationals and Blocked Persons List. These individuals had their property and interests blocked under sanctions related to the West Bank. This change follows an Executive Order issued on January 20, 2025, which revoked a previous order from February 1, 2024, that had imposed the sanctions. As a result of this action, the affected individuals' assets are no longer blocked.

The Securities and Exchange Commission has published a notice about a proposed rule change by The Depository Trust Company (DTC). This proposal seeks to amend the Clearing Agency Investment Policy to ensure compliance with new requirements for handling and investing customer funds. Key changes include separating and independently managing the margin for proprietary transactions from those involving indirect participants, as well as restrictions on how these funds can be invested, primarily in U.S. Treasuries with short maturities. The proposal aims to align with regulations that safeguard the funds that DTC manages.

The Securities and Exchange Commission published a notice about a proposed rule change by the National Securities Clearing Corporation (NSCC). This proposal involves updating the Clearing Agency Investment Policy to enhance how different funds are managed and invested. Notably, these changes aim to segregate and independently manage funds from direct and indirect participants to comply with new regulatory requirements. The updates are designed to ensure the safeguarding of these funds and may involve using only safe investments like U.S. Treasuries for certain categories of funds.