IRS leverages bank data for criminal investigations 

The IRS Criminal Investigation unit has embarked on a new initiative for engaging with financial institutions as it makes greater use of banking data to uncover tax and financial fraud. 

House plans vote to kill CFPB payments rule 

The chamber’s measure revoking bureau oversight of large tech payments players has passed the Senate and would next head to an approving Trump. 

CFPB to revamp small-business data-collection rule 

The bureau backed its court opponent’s bid to stay the compliance date of the rule because it intends to issue a new one, it said. 

FDIC clarifies process for banks to engage in crypto-related activities 

The FDIC issued a Financial Institution Letter providing new guidance for FDIC-supervised institutions engaging or seeking to engage in crypto-related activities.