Export-Import Bank Revises Privacy Records System
Published Date: 3/27/2026
Notice
Summary
The Export-Import Bank is updating how it handles financial and customer info to keep things safe and follow new privacy rules from 2025. This affects anyone who deals with the bank’s loans or financial services. The changes kick in on March 27, 2026, and you have 30 days after that to share your thoughts—no cost involved!
Analyzed Economic Effects
4 provisions identified: 2 benefits, 2 costs, 0 mixed.
EXIM may share records with many authorities
EXIM may disclose FMS-NG records to outside parties including the Department of Justice, courts, congressional offices, law enforcement and regulatory authorities, contractors, NARA, intelligence entities, news media (factual information), and other agencies. EXIM will also share information with the U.S. Department of the Treasury's Do Not Pay system to identify, prevent, or recoup improper payments.
EXIM will store detailed customer PII
Starting March 27, 2026, EXIM will store detailed personal and business information in its new FMS-NG system. The records can include customer and vendor names, U.S. and foreign addresses, bank account numbers and routing/SWIFT codes, Employer Identification Numbers (EIN), phone numbers, and payment or disbursement information.
Data storage and security measures described
EXIM says FMS-NG stores records encrypted in an AWS FedRAMP-authorized cloud (US East, Northern Virginia) and requires multifactor authentication for access. Bank account numbers are stored in hashed/masked form (for example, “XXXXXX9913”), and HTTPS is used for system access.
Records retention, marking inactive, and deletion
EXIM will mark records inactive when they are no longer required for EXIM business and will retain or delete records according to National Archives and Records Administration (NARA) schedules. Data purge actions include invoice, payment, supplier, requisition, and purchase order purge criteria.
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Key Dates
Related Federal Register Documents
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Previous: 2026-05931 — Privacy Act of 1974; System of Records
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Cando Holdings and Alberta Investment Management Corporation are taking control of two Utah railroads, Savage Bingham & Garfield and Savage Tooele. This change means Cando will directly run these rail lines, expanding their rail business beyond Arkansas. The deal is official as of March 2026, with no immediate cost changes announced.