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OFAC has announced actions taken Tuesday to further disrupt North Korea’s access to the international financial system. OFAC designated eight North Korean banks and 26 individuals linked to North Korean financial networks. The individuals sanctioned are North Korean nationals operating in China, Russia, Libya and the United Arab Emirates who act as representatives of North Korean banks. OFAC also identified two banks as part of the Government of North Korea. As a result of today’s action, any property or interests in property of the designated persons in the possession or control of U.S. persons or within the United States must be blocked.

For identification of the designated individuals and entities, see our OFAC Update.

The OCC has published a Notice and Request for Comment in today's Federal Register regarding the revisions of information collections titled "Regulation C" and "Fair Housing Home Loan Data System Regulation." Comments are due by November 27, 2017.

Yesterday, Acting Comptroller of the Currency Keith A. Noreika discussed online lending and responsible innovation at the 2017 Online Lending Policy Summit. His remarks shared his perspective on the opportunities and challenges facing online lenders and efforts to promote economic opportunity.

The Appraisal Subcommittee of the Federal Financial Institutions Examination Council has published [82 FR 44493] a final rule to implement collection and transmission of appraisal management company (AMC) annual registry fees pursuant to section 1473 of the Dodd-Frank Act to be applied by State appraiser certifying and licensing agencies that elect to register and supervise AMCs, pursuant to 12 U.S.C. 3353 and the regulations promulgated thereunder. The rule will be effective November 24, 2017.

The Bureau Blog features stories received from servicemembers about problems with debt collections practices and complaints.

OCC Bulletin 2017-28, issued Friday, is a reminder of the earlier announcement by the OCC, FRB, and FDIC seeking comment on a proposed rule that would revise their regulations implementing the Community Reinvestment Act. The proposed rule would amend the CRA regulations' definitions of "home mortgage loan" and "consumer loan" to conform to recent changes made by the Consumer Financial Protection Bureau to Regulation C, which implements the Home Mortgage Disclosure Act (HMDA). The proposed rule would also amend the CRA public file content requirements for consistency with Regulation C, make technical amendments to remove cross references related to the proposed amended definitions, and remove an obsolete reference to the Neighborhood Stabilization Program. Comments on the proposal are due by October 27, 2017.

The Department of the Treasury has announced that President Trump has issued a new Executive Order imposing additional sanctions on North Korea. Treasury's Office of Foreign Assets Control issued new and updated FAQs, along with a new General License 10 and an updated License 3A.

The Federal Housing Finance Agency has reported that U.S. house prices rose in July, up 0.2 percent from the previous month, according to the agency's seasonally adjusted monthly House Price Index (HPI). The FHFA monthly HPI is calculated using home sales price information from mortgages sold to, or guaranteed by, Fannie Mae and Freddie Mac. From July 2016 to July 2017, house prices were up 6.3 percent.

The Department of Housing and Urban Development has announced the release of disaster assistance to storm victims on Puerto Rico and in the U.S. Virgin Islands.

The National Credit Union Administration has announced that 56 federally insured credit unions will receive awards totaling $39.5 million from the Community Development Financial Institutions Fund.