May 2017 – Regulatory Report

What's up

[ September 29, 2023 ] More than 50% of all U.S. counties face ‘heightened future exposure’ to climate change affecting household finances, report asserts Other
[ September 29, 2023 ] Korea bank affiliate ordered to pay $30 million in assessments for AML/BSA violations FDIC
[ September 29, 2023 ] National bank regulator names next head of minority and women inclusion office OCC
[ September 29, 2023 ] 4 new weaknesses found in latest OIG report on NCUA compliance with info security law; 12 prior recommendations remain open NCUA
[ September 29, 2023 ] FDIC consumer compliance exam manual updates reflect FCRA rule changes FDIC

Curry to step down as comptroller; Washington banking attorney Noreika named interim

May 3, 2017 0

Keith Noreika, a Washington attorney, will serve as interim Comptroller of the Currency after Thomas J. Curry steps down Friday (May 5), it was reported today. Noreika is a partner with the firm Simpson Thacher […]

More than 50% of all U.S. counties face ‘heightened future exposure’ to climate change affecting household finances, report asserts

September 29, 2023 0

More than half of U.S. counties – populated by millions of Americans – face heightened future exposure to at least one of three climate hazards — flooding, wildfire, or extreme heat – that will affect their household finances, according to [...]
Korea bank affiliate ordered to pay $30 million in assessments for AML/BSA violations

September 29, 2023 0

Fines totaling $30 million have been assessed by federal and state banking agencies against a New York-based affiliate of a Korean bank for violations of anti-money laundering laws, the federal bank deposit insurance agency said Friday. In a release, the [...]
Find FDIC, Fed, OCC proposed rules on capital, resolution plans, long-term debt in Reg Lookup

September 28, 2023 0

All five regulatory rule and guidance proposals issued by federal banking agencies Aug. 29, and published in the Federal Register the week of Sept. 18, can now be found in the Regulatory Lookup section of RegReport.info. The five proposals, which [...]
OCC says ALM, credit and credit loss allowances are top three areas for supervision in FY ‘24

September 28, 2023 0

Asset and liability management, credit, and allowance for credit losses are the top three areas of “heightened focus” for supervision in the year ahead by the national regulator of banks, the agency said Thursday. In releasing its supervision operating plan [...]
FDIC leader keeps focus on ‘targeted coverage’ for deposits in response to bank failures

September 28, 2023 0

“Targeted coverage” for federal insurance of bank deposits remains at the top of the list of proposed changes to deposit insurance in the wake of three, large regional bank failures last spring, the leader of the federal bank deposit insurance [...]
Community banking advisory panel meets Oct. 5 at FDIC

September 28, 2023 0

The Advisory Committee on Community Banking, which advises the federal bank deposit insurer on matters of concern to community banks, is scheduled to meet Oct. 5 at 9 a.m. Eastern, one day after the agency’s minority depository institutions (MDI) panel [...]
Home affordability declined in 2022 driven by higher rates, fees; more applicants denied for insufficient income

September 27, 2023 0

Overall affordability of homes declined significantly in 2022, with borrowers spending more of their income on mortgage payments and lenders more often denying applications for insufficient income, the federal consumer financial protection agency said Wednesday. The Consumer Financial Protection Bureau [...]
Mortgage delinquencies, foreclosures, static or down in second quarter, OCC reports

September 27, 2023 0

Home mortgage delinquencies and foreclosures were unchanged or down in the second quarter of the year, compared to the previous quarter and the previous year, according to a report issued Wednesday by the regulator of national banks. In its Mortgage [...]
FDIC’s MDI panel set to meet Oct. 4

September 27, 2023 0

A minority depository institutions subcommittee is set to meet Oct. 4 at 1 p.m. Eastern, hosted by Federal Deposit Insurance Corp. (FDIC) Chairman Martin Gruenberg, the agency said in a meeting notification Wednesday. The meeting is being held for the [...]