FDIC – Page 16 – Regulatory Report

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[ October 31, 2025 ] Agency announces prohibitions, including two in MS and NC for misappropriations involving hundreds of thousands of dollars FDIC
[ October 31, 2025 ] Former MN credit union teller barred from future FI service NCUA
[ October 30, 2025 ] Report: credit union regulator board to stop publishing annual meeting schedules NCUA
[ October 30, 2025 ] Fed announces two prohibitions, from workers at AL and TN banks (the latter a NY branch) The Fed
[ October 29, 2025 ] CFPB rescinds rule on nonbank persons registry, withdraws proposal on firms using form contracts; more CFPB

Proposal would require better recordkeeping on certain fintech deposits in insured banks

September 17, 2024 0

A proposed rule to strengthen insured depository institutions’ recordkeeping regarding third-party deposits by fintechs to protect the owners of those funds was issued for comment by unanimous vote Tuesday of the Federal Deposit Insurance Corp. […]

Final rule, policy statement, on bank mergers issued by OCC, in line with actions taken by FDIC Board

September 17, 2024 0

Enhancing the transparency around the process of reviewing bank mergers under federal law, and providing guidance to stakeholders around the review of applications, is the aim of a rule and policy statement addressing the mergers […]

Final bank merger policy among agenda items for Tuesday’s FDIC Board meeting

September 16, 2024 0

The federal bank deposit insurer’s governing board is set to meet Tuesday in open session on a final policy statement on bank merger transactions and a proposed rule related to custodial accounts and deposit insurance. […]

Agencies extend information request on bank-fintech arrangements for products, services

September 16, 2024 0

Input on bank-fintech arrangements involving banking products and services is now due a month later than originally scheduled, the federal banking agencies said late Friday. In a series of releases, the agencies said responses to […]

Banking agencies release Q3, Q4 CRA exam schedules

September 6, 2024 0

Third-quarter and fourth-quarter schedules of examinations for banks’ compliance with the anti-redlining Community Reinvestment Act (CRA) were released recently by federal banking regulators. The 1977 statute requires the Office of the Comptroller of the Currency […]

Banks build earnings by 11% in 2nd quarter, raking in $71 billion; loan balances up too

September 5, 2024 0

Earnings of more than $71 billion in the second quarter of 2024 – an 11% increase from the previous quarter – were posted by the nation’s banks, the federal insurer of bank deposits reported Thursday. […]

D.C. firm, with experience guiding other agencies, chosen to ‘assist, advise’ anti-sexual harassment plan

September 5, 2024 0

A Washington, D.C.-based consulting firm will “assist and advise” an anti-sexual harassment plan at the federal bank deposit insurance agency, the agency said late Wednesday. The Federal Deposit Insurance Corp. (FDIC) said Boston Consulting Group […]

Former bank CEO gets 24-plus years in clink for role in crypto theft scheme leading to $47 million loss

September 4, 2024 0

More than 24 years in prison were given to a former Kansas bank CEO for his part in embezzling millions through a cryptocurrency scheme at his former institution, which eventually failed last year, the federal […]

Two banks earn ‘needs improvement’ rating for anti-redlining rule compliance

September 4, 2024 0

Two of 54 banks received ratings of “needs improvement” recently for their compliance with anti-redlining rules, the federal insurer of bank deposits said Wednesday. The Federal Deposit Insurance Corp. (FDIC), however, also reported that the […]

‘Merchant services program’ found to lead to unsafe, unsound practices for unprofitable Illinois bank

August 30, 2024 0

Practices of remote check creation (RCC) and merchant credit card processing (MCC) have earned an Illinois bank enforcement actions for unsafe and unsound bank practices, according to actions for July reported by the federal bank […]

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Agency announces prohibitions, including two in MS and NC for misappropriations involving hundreds of thousands of dollars

October 31, 2025 0

Prohibitions for September were announced Friday by the federal bank deposit insurance agency, including two for allegedly misappropriating hundreds of thousands of dollars from their respective banks. The Federal Deposit Insurance Corp. (FDIC) said Shelley C. Bounchareune, a former employee [...]
Former MN credit union teller barred from future FI service

October 31, 2025 0

A former teller of Affinity Plus Federal Credit Union of Saint Paul, Minn., was barred from any future work in federally insured financial institutions under an October prohibition order. In the consent order, the National Credit Union Administration (NCUA) said [...]
Fed announces two prohibitions, from workers at AL and TN banks (the latter a NY branch)

October 30, 2025 0

Two prohibitions, both the result of recent consent agreements, were made public against two bankers by the Federal Reserve Thursday: one for a former New York worker, and the other for a former Alabama bank employee. The Fed said Md [...]
CFPB rescinds rule on nonbank persons registry, withdraws proposal on firms using form contracts; more

October 29, 2025 0

Nonbank “covered persons” who are subject to court or government agency’s final public orders related to offering or providing consumer financial products or services no longer need to get themselves on a registry maintained by the Consumer Financial Protection Bureau [...]
CFPB: FCRA’s state-law preemption on credit reporting broader than held in 2022

October 28, 2025 0

The Fair Credit Reporting Act’s (FCRA) preemption of state laws related to consumer credit reporting is broader than presented in a now-rescinded 2022 interpretive rule, the Consumer Financial Protection Bureau (CFPB) says. The CFPB, in a new interpretive rule published [...]
OCC wants to rescind guidelines for big banks on recovery planning; says banks ‘should’ be doing it anyway

October 27, 2025 0

Big banks – those with at least $100 billion in assets – are expected to be well managed and have appropriate risk-management processes in place; thus, no guidelines on “recovery planning” are necessary, the national bank regulator proposed late Monday. [...]
Comptroller jumps on stress-test reform bandwagon, praising Fed request for comment

October 27, 2025 0

Calling the current stress-test regime for large banks “too complex and opaque,” the national bank regulator late Monday praised the Federal Reserve for proposing changes to the stress test models. Comptroller of the Currency Jonathan V. Gould said the Fed’s [...]