FDIC – Page 14 – 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

Wall Street regulator nominated to lead FDIC, would replace current chair embroiled in sexual harassment uproar

June 13, 2024 0

The next leader for the federal bank deposit insurance agency would be a Wall Street regulator and former Treasury Department official if the Senate confirms the nomination announced Thursday by the White House. Christy Goldsmith […]

Some Mississippi banks offered reg relief measures following storms two months ago

June 12, 2024 0

Severe storms in areas of Mississippi – including straight-line winds, tornadoes and flooding — spurred a “regulatory relief” pronouncement Wednesday for banks in areas affected by the storms, according to the federal insurer of bank […]

‘Pig butchering’ scams spawn alerts; ‘red flags’ listed for uncovering emerging con

June 6, 2024 0

The scam known as “pig butchering” has prompted consumer and bank alerts Thursday from the inspector general for the federal bank deposit insurance agency, which listed red flags for banks to watch for the scam’s […]

Agency claims survey results show tax assistance program can lead to greater economic inclusion

June 4, 2024 0

Economic inclusion can be expanded when bank customers (or credit union members) open accounts to deposit their tax refunds by direct deposit, an outcome of involvement in the federal tax service’s volunteer tax assistance program, […]

Inspector general reports more than $700 million in recoveries realized in most recent reporting period

June 4, 2024 0

More than $712 million in fines, restitution ordered, and other monetary recoveries were realized by the federal insurer of bank deposits between last fall and this spring, according to a report sent to Congress Tuesday. […]

Four banks earn ‘outstanding,’ four others ‘need improvement,’ in latest CRA ratings

June 4, 2024 0

Four banks received ratings of “outstanding” for their compliance with anti-redlining laws – while four others received ratings of “needs improvement” – according to the latest ratings results issued Tuesday by the federal insurer of […]

Submissions for ‘summary of deposits’ start July 1, due by July 31 (no extensions)

May 31, 2024 0

Annual summary of deposits (SOD) surveys will be due July 31, the federal insurer of bank deposits said Friday – noting that, after that date, no extensions will be granted for submitting the data. The […]

Host state loan-to-deposits ratios list AZ, NJ at top of list with 98%

May 31, 2024 0

Host state-to-loan-deposit ratios of 98% were recorded by both Arizona and New Jersey in the year ending June 30, 2023, the highest ratios of all the states and territories, the federal banking agencies said Friday. […]

Panel created by FDIC Board to review sexual harassment allegations terminated

May 30, 2024 0

The special committee established last year to conduct an independent review of allegations of sexual harassment and other misconduct at the Federal Deposit Insurance Corp. (FDIC) was terminated Thursday, the agency announced in a release. […]

Banks in areas of three states offered regulatory relief following severe storms in April, May

May 30, 2024 0

Banks in areas of Iowa, Kentucky and West Virginia have been extended regulatory relief in the wake of severe storms in their states, the federal insurer of bank deposits said Thursday. The relief was extended […]

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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 [...]