FOIA Response: Financial Regulator Enforcement Activity, Q3–Q4 2025
Documents obtained from the Office of Financial Enforcement reveal the status of open investigations as of December 2025, including three cases closed without public explanation.
About this document
This document was obtained by The Freethinking Times through a Freedom of Information Act request filed on January 12, 2026. The response was received on February 28, 2026. Portions of the document were redacted by the agency under Exemption 7(A) (law enforcement records). The redactions are indicated in the transcript below.
The original document, including cover letters and index pages, is reproduced below in full.
Document transcript
FREEDOM OF INFORMATION ACT RESPONSE Office of Financial Enforcement U.S. Department of the Treasury Reference No.: OFE-FOIA-2026-0089
Date: February 28, 2026
Re: Request dated January 12, 2026 — Enforcement activity log, Q3–Q4 2025
Dear Requester,
This letter responds to your Freedom of Information Act request for records relating to enforcement activity by the Office of Financial Enforcement during the third and fourth quarters of fiscal year 2025 (July 1 through December 31, 2025).
We have located records responsive to your request. After review, we are releasing the following records subject to the redactions described below.
Released records:
- Quarterly enforcement activity log, Q3 FY2025 (38 pages, 3 pages withheld in part)
- Quarterly enforcement activity log, Q4 FY2025 (41 pages, 7 pages withheld in full, 4 pages withheld in part)
- Summary table: open and closed investigations as of December 31, 2025
Basis for withholding:
Records withheld in full or in part were withheld pursuant to FOIA Exemption 7(A), which protects law enforcement records that could reasonably be expected to interfere with enforcement proceedings. Specifically, the withheld materials relate to three investigations that remain in an active status as of the date of this response.
Summary table: enforcement actions, FY2025
Reproduced from released records. [REDACTED] indicates agency-applied redaction.
| Case Ref. | Institution | Opened | Status (Dec 31) | Outcome |
|---|---|---|---|---|
| OFE-2025-041 | [REDACTED] | Mar 2025 | Closed | No action |
| OFE-2025-058 | [REDACTED] | Apr 2025 | Closed | No action |
| OFE-2025-072 | [REDACTED] | Jun 2025 | Closed | No action |
| OFE-2025-089 | [REDACTED] | Aug 2025 | Active | [REDACTED] |
| OFE-2025-094 | [REDACTED] | Sep 2025 | Active | [REDACTED] |
| OFE-2025-103 | [REDACTED] | Oct 2025 | Active | [REDACTED] |
| OFE-2025-117 | [REDACTED] | Nov 2025 | Closed | Referred to DOJ |
Source: OFE Summary Table, released February 28, 2026.
Editor’s note
Three cases (OFE-2025-041, -058, and -072) were opened in the first half of 2025 and closed in the fourth quarter with no enforcement action and no public explanation. Our reporting on the significance of these closures is available at Federal Regulators Quietly Shelved Three Major Investigations Last Quarter.
The agency declined to comment on the closure of individual cases beyond the standard response that “enforcement decisions are made on the merits of the available evidence.”