LexRegPulse Daily - Sep 3, 2026
Morgan here. This is LexRegPulse Daily for Thursday, September 3, 2026.
Five regulators just told banks they can talk to customers again. The Federal Reserve, FDIC, OCC, NCUA and FinCEN issued a joint statement Wednesday clarifying what the Bank Secrecy Act's secrecy rule actually covers. It bars disclosing a Suspicious Activity Report or the fact one exists — nothing more. The underlying facts, the transaction records, the reason an account is closing: all discussable, case by case. For years, many institutions read this rule as requiring total silence. That produced angry customers, slower…
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