FDIC – Page 12 – Regulatory Report

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[ April 30, 2025 ] 2 Dems in Senate, House want IG to investigate NCUA Board member firings NCUA
[ April 30, 2025 ] Regulator closes small New Jersey credit union with ‘no prospect for restoring viable operations’ NCUA
[ April 30, 2025 ] Three former credit union workers prohibited in April, agency reports NCUA
[ April 29, 2025 ] NCUA Board now lacks a quorum, according to suit by Harper, Otsuka challenging their firings from board NCUA
[ April 29, 2025 ] Acting OCC leader sees AI as powerful, links its use to financial inclusion efforts OCC

In busy session, FDIC Board issues three proposals on split votes along partisan lines – but unite on some final actions

August 1, 2024 0

Three rule proposals, all on split votes along partisan lines, were issued by the board of the federal bank deposit insurance agency Tuesday in a meeting that also featured adoption of a request for information […]

Brokered deposits, guidance for resolution plan triennial full filers on FDIC Board agenda

July 26, 2024 0

The unusually lengthy list of items on next week’s board meeting agenda for the federal bank deposit insurer include a proposed rule on brokered deposit restrictions and final guidance for Title I resolution plan triennial […]

Three small, community banks dropped federal deposit insurance in June

July 26, 2024 0

Three small community banks terminated their deposit insurance coverage in June, the federal insurer of bank deposits said Friday in a summary of enforcement decisions and orders. The banks – two in Georgia and one […]

UPDATED: Risks from third-party deposit arrangements focus of joint statement; information sought on fintech deals

July 25, 2024 0

This article has been updated to include a link to the Federal Register notice seeking information, and comment deadline. Banks were reminded of potential risks they face from third-party arrangements to deliver deposit products and […]

UPDATED: Banking agencies schedule virtual public outreach meeting to kick off decennial review of regulations

July 25, 2024 0

This article has been updated to include a link to a Federal Register notice on the EGRPRA review of rules. A virtual public outreach meeting to review federal banking regulation, with the aim of reducing […]

Banks may submit diversity self-assessments between now and Oct. 31, agency reminds

July 25, 2024 0

Diversity self-assessments by banks are due any time before Oct. 31, the federal bank deposit insurance agency said in a letter on Thursday. The Federal Deposit Insurance Corp. (FDIC) said financial institutions it supervises are […]

Agencies want to align money laundering, terrorism financing prevention at banks, credit unions with new FinCEN proposals

July 19, 2024 0

Updating the requirements for anti-money laundering/countering the financing of terrorism rule (AML/CFT) compliance at banks and credit unions to match those proposed by law enforcement were proposed by their respective regulators Friday in a joint […]

Analyses of nearly two dozen major capital, liquidity rules issued after financial crisis didn’t match lending practices, report asserts

July 18, 2024 0

Analyses that banking regulators conducted for many of the 22 major capital and liquidity rules issued in the wake of the 2007-09 financial crisis, through 2021, did not consistently reflect leading practices, the congressional watchdog […]

Agencies finalize guidance on reconsiderations of value (ROVs) for real estate sales

July 18, 2024 0

Final guidance addressing reconsiderations of value (ROVs) for residential real estate transactions were issued by all five federal financial institution regulators Thursday, the agencies announced in a joint release. According to the release, the guidance […]

UPDATED: Agencies jointly issue final automated valuation rule setting quality control standards for mortgage lenders

July 17, 2024 0

A final rule designed to ensure credibility and integrity of automated valuation models (AVMs) in mortgages secured by a consumer’s principal dwelling through quality control standards was issued Wednesday by the federal financial regulators and […]

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2 Dems in Senate, House want IG to investigate NCUA Board member firings

April 30, 2025 0

The ranking Democrats on the U.S. Senate Banking Committee and House Financial Services Committee on Tuesday called for an inspector general investigation of the president’s recent firings of National Credit Union Administration (NCUA) Board Members Todd Harper and Tanya Otsuka. [...]
Regulator closes small New Jersey credit union with ‘no prospect for restoring viable operations’

April 30, 2025 0

A small New Jersey credit union was liquidated Wednesday by the federal credit union regulator after the agency said it had found the cooperative to be insolvent. The National Credit Union Administration (NCUA) said it liquidated Unilever Federal Credit Union [...]
Three former credit union workers prohibited in April, agency reports

April 30, 2025 0

Three former credit union workers were prohibited in April from further work in federally insured financial institutions, the federal regulator announced Wednesday. The National Credit Union Administration (NCUA) said the three individuals were: Anh-Thu Nguyen, a former worker of Goldenwest [...]
NCUA Board now lacks a quorum, according to suit by Harper, Otsuka challenging their firings from board

April 29, 2025 0

A lawsuit filed Monday by the two Democrats fired recently from their board posts at the National Credit Union Administration (NCUA) seeks their reinstatement and asserts that with its two vacancies, the NCUA Board now lacks the quorum required to [...]
Acting OCC leader sees AI as powerful, links its use to financial inclusion efforts

April 29, 2025 0

Calling artificial intelligence (AI) a “powerful technology,” the regulator of national banks said Tuesday it can be used to help banks make more informed decisions – but only if it is built and used responsibly, such as in supporting financial [...]