FDIC

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[ October 30, 2026 ] Kansas bank ordered to pay $2.5 million penalty for not maintaining anti-money laundering program FDIC
[ October 30, 2026 ] Deposit insurer wants to rescind rule calling for detailed records, coverage calculations within 24 hours of failure FDIC
[ October 30, 2026 ] Two credit unions chartered by federal agency – first pair in 2026—to provide business loans, consumer services NCUA
[ October 30, 2026 ] 2 former TX, IL credit union employees barred by NCUA NCUA
[ October 28, 2026 ] NCUA proposed budget shows hike of 2.9% for 2027, op fee rate to drop NCUA

Agency provides notice of exception requests for timely deposit insurance determination

June 2, 2020 0

A time-limited exception has been granted concerning information technology system and general recordkeeping requirements for certain accounts that require data cleanup, system updates, or customer outreach to make a deposit insurance determination under “timely deposit […]

FDIC consumer compliance exam manual updated

June 2, 2020 0

Several sections of the federal bank deposit insurer’s Consumer Compliance Examination Manual (CEM) have been revised, with SOURCE violation code revisions and changes in Community Reinvestment Act (CRA) performance evaluation templates among the changes. The […]

McWilliams welcomes OCC acting comptroller Brooks to FDIC Board

June 1, 2020 0

The head of the Federal Deposit Insurance Corp. (FDIC) on Monday issued a statement welcoming the acting head of the Office of the Comptroller of the Currency (OCC) to the FDIC Board, noting she looked […]

Watchdog secured 27 convictions through 55 investigations; collected $3 billion-plus in fines and more, report notes

June 1, 2020 0

Of the 55 investigations opened by the federal insurer of bank deposits’ watchdog, 27 resulted in convictions – and others resulted in fines and restitution of more than $3 billion, the agency said in its […]

First credit union of 2020 fails; third of year (so far) for federally insured financial institutions

June 1, 2020 0

The first credit union failure in 2020 was announced Friday by the federal credit union regulator – and the third federally insured financial institution to fail this year so far – as the agency took […]

After almost a month, interagency policy statement on credit losses accounting (CECL), guidance on credit risk review systems, available Monday

May 29, 2020 0

Nearly a month after they were finalized, a policy statement on credit losses accounting (under the current expected credit losses, or CECL, accounting standard) and guidance on credit risk review systems are both scheduled to […]

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Kansas bank ordered to pay $2.5 million penalty for not maintaining anti-money laundering program

October 30, 2026 0

A Kansas bank must pay a $2.5 million civil money penalty (CMP) for its failure to maintain an effective anti-money laundering (AML) program, the federal bank deposit insurer said Friday. According to the Federal Deposit Insurance Corp. (FDIC), CBW Bank [...]
Deposit insurer wants to rescind rule calling for detailed records, coverage calculations within 24 hours of failure

October 30, 2026 0

A rule would be rescinded that requires banks with $2 million or more in deposits maintain detailed records and calculate deposit insurance coverage within 24 hours of a bank’s failure, under a proposal the federal bank deposit insurance agency issued [...]
Two credit unions chartered by federal agency – first pair in 2026—to provide business loans, consumer services

October 30, 2026 0

Two new credit union charters – the first such so far in 2026 – were announced Friday by the federal regulator, with the new cooperatives serving memberships on different sides of the country. The National Credit Union Administration (NCUA) said [...]
2 former TX, IL credit union employees barred by NCUA

October 30, 2026 0

Two former employees of credit unions — one in Texas, the other in Illinois — are barred from any future service in federally insured depository institutions under prohibition orders announced Friday by the National Credit Union Administration (NCUA). The two [...]
NCUA proposed budget shows hike of 2.9% for 2027, op fee rate to drop

October 28, 2026 0

Growth in employee compensation, contracted services and administrative expenses for the National Credit Union Share Insurance Fund (NCUSIF) are the key factors behind the federal credit union regulator’s proposed 2027 budget of $325.4 million, the agency said. In its proposal [...]
FDIC names new COO with experience mostly from law enforcement agencies

October 26, 2026 0

A new chief operating officer (COO) for the federal bank deposit insurance agency has been named, who brings experience largely from law enforcement, the regulator said Monday. Five others were also named to senior positions, the Federal Deposit Insurance Corp. [...]
Interest rate risk report exposes some vulnerability for banks over longer term

October 23, 2026 0

Economic value of equity (EVE) is more vulnerable to interest rate increases than are other financial indicators, according to the latest interest rate risk statistics report issued Friday by the national bank regulator. According to the quarterly report (for fall [...]

Agency provides notice of exception requests for timely deposit insurance determination

FDIC consumer compliance exam manual updated

McWilliams welcomes OCC acting comptroller Brooks to FDIC Board

Watchdog secured 27 convictions through 55 investigations; collected $3 billion-plus in fines and more, report notes

First credit union of 2020 fails; third of year (so far) for federally insured financial institutions

After almost a month, interagency policy statement on credit losses accounting (CECL), guidance on credit risk review systems, available Monday

On last day of the job, Otting gets a thank you and best wishes from FDIC leader

444 banks face CRA examinations over coming two quarters, FDIC lists show

FDIC should get failed bank’s tax refund, appeals court rules in case remanded by U.S. Supreme Court

FDIC extends comment deadline on proposed industrial bank, ILC requirements to July 1

Kansas bank ordered to pay $2.5 million penalty for not maintaining anti-money laundering program

Deposit insurer wants to rescind rule calling for detailed records, coverage calculations within 24 hours of failure

Two credit unions chartered by federal agency – first pair in 2026—to provide business loans, consumer services

2 former TX, IL credit union employees barred by NCUA

NCUA proposed budget shows hike of 2.9% for 2027, op fee rate to drop

FDIC names new COO with experience mostly from law enforcement agencies

Interest rate risk report exposes some vulnerability for banks over longer term