August 2025 – Regulatory Report

What's up

[ August 1, 2025 ] Fed Board member Kugler resigns after less than two years’ service; will return to academic position The Fed
[ August 1, 2025 ] Six banks earn ‘outstanding’ ratings for anti-redlining compliance (out of 15 total assessed) OCC
[ July 31, 2025 ] Fed joins others in allowing banks to use third parties to get customer TIN info Other
[ July 31, 2025 ] Former credit union loan officer barred after fraud causing $900k+ in losses NCUA
[ July 31, 2025 ] OCC will have new chief counsel Aug. 11 OCC

Fed Board member Kugler resigns after less than two years’ service; will return to academic position

August 1, 2025 0

Changes are coming to the Federal Reserve Board as Gov. Adriana Kugler submitted her resignation Friday effective Aug. 8, the agency said. Kugler joined the board on Sept. 13, 2023. According to her resignation letter […]

Six banks earn ‘outstanding’ ratings for anti-redlining compliance (out of 15 total assessed)

August 1, 2025 0

Six banks earned ratings of “outstanding” – out of 15 banks evaluated – during July for compliance with anti-redlining rules, the national bank regulator said Friday. “Outstanding” is the highest rating for banks to receive […]

Fed Board member Kugler resigns after less than two years’ service; will return to academic position

August 1, 2025 0

Changes are coming to the Federal Reserve Board as Gov. Adriana Kugler submitted her resignation Friday effective Aug. 8, the agency said. Kugler joined the board on Sept. 13, 2023. According to her resignation letter (sent to President Donald Trump) [...]
Six banks earn ‘outstanding’ ratings for anti-redlining compliance (out of 15 total assessed)

August 1, 2025 0

Six banks earned ratings of “outstanding” – out of 15 banks evaluated – during July for compliance with anti-redlining rules, the national bank regulator said Friday. “Outstanding” is the highest rating for banks to receive for compliance with rules implementing [...]
Fed joins others in allowing banks to use third parties to get customer TIN info

July 31, 2025 0

Banks supervised by the Federal Reserve Board are now permitted to obtain a customer’s tax identification number (TIN) from a third party under an exemption order approved July 24 and announced Thursday by the Federal Reserve Board. The order, approved [...]
Former credit union loan officer barred after fraud causing $900k+ in losses

July 31, 2025 0

A former loan officer for MassMutual Federal Credit Union (Springfield, Mass.) who reportedly caused more than $900,000 in losses to his credit union has been barred from any future work in any federally insured depository institution, the credit union’s federal [...]
OCC will have new chief counsel Aug. 11

July 31, 2025 0

Adam Cohen is poised to take the post of senior deputy comptroller and chief counsel at the Office of the Comptroller of the Currency (OCC) as of Aug. 11, according to the agency. In a release Tuesday, the agency said [...]