FDIC – Page 21 – Regulatory Report

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[ May 1, 2025 ] Enforcement of ECOA small-business loan data collection deprioritized at CFPB CFPB
[ May 1, 2025 ] Nearly half of 25 banks evaluated in April by OCC earn ‘outstanding’ CRA ratings OCC
[ May 1, 2025 ] Texas commissioner re-elected as chair of state liaison committee to Exam Council Other
[ 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

Consumer compliance manual updated to reflect changes related to fair lending, funds availability

January 16, 2024 0

Updates focusing on the scope of fair lending and technical changes to regulations implementing expedited funds availability were published Tuesday by the federal insurer of bank deposits for its consumer compliance examination manual (CEM). The […]

Webinar aims to explain how new CRA rule works, including details of key areas

January 10, 2024 0

Details about the workings of the new anti-redlining regulation are presented in a video of a webinar released Wednesday by the federal banking regulators. The final rule, adopted by the regulators Oct. 24 implementing the […]

New inspector general for bank deposit insurance agency takes office

January 8, 2024 0

A new inspector general has taken office for the federal insurer of bank deposits, the agency said Monday, following her confirmation by the Senate late last month. Jennifer L. Fain is the agency’s fourth presidentially […]

Proposed call report, FFIEC 002 report form changes noted in FDIC letter; comments due Feb. 26

January 5, 2024 0

Proposed changes in banks’ regulatory reporting, many of which would take effect this June, are discussed in a Financial Institution Letter (FIL) issued Friday by the federal insurer of bank deposits. The Federal Deposit Insurance […]

Report looks at impact of inflation on banks, separated by 50+ years

January 4, 2024 0

A comparison of how lending and bank performance during the stagflation periods of the 1970s and recent high inflation with a focus on the effects on deposits is the topic of the latest report from […]

UPDATED: 4 banks listed as ‘outstanding,’ 1 ‘needs to improve’ in FDIC’s latest CRA ratings release

January 4, 2024 0

This story has been edited for a correction the FDIC made to its list released Thursday; the list now includes 68 banks, not 69. Four out of the 68 banks whose Community Reinvestment Act (CRA) […]

Banks, firm, workers slapped with enforcement actions, prohibitions, money penalties in November

January 3, 2024 0

Nine banks and a company serving banks were slapped with enforcement actions by the federal insurer of bank deposits in November, while one former credit union worker was prohibited from further service at financial institutions […]

Rule finalized accepting use of electronic communications in hearings; takes effect April 1

January 2, 2024 0

Recognizing the use of electronic communications in all aspects of administrative hearings and increasing the “efficiency and fairness of administrative adjudications” is the aim of a rule finalized last week by the federal financial institution […]

OIG: FDIC’s exam program for regional service providers lacks formal goals, metrics

December 21, 2023 0

One recommendation – that the federal agency that insures bank deposits establish program-level goals, metrics, and indicators related to the agency’s authority to examine banks’ regional service providers – is provided in an agency inspector […]

Regulators make it clear: no changes necessary to AML/BSA programs in face of BOI rule

December 21, 2023 0

No changes are necessary to Bank Secrecy Act/anti–money laundering (AML/BSA) compliance programs designed to follow the 2016 Customer Due Diligence (CDD) rule because of the Jan. 1 effective date for the new beneficial ownership information […]

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Enforcement of ECOA small-business loan data collection deprioritized at CFPB

May 1, 2025 0

Add the agency’s Equal Credit Opportunity Act (ECOA) small-business loan data collection rule to those the Consumer Financial Protection Bureau (CFPB) won’t be going out of its way to enforce. The bureau said Wednesday that in light of a stay [...]
Nearly half of 25 banks evaluated in April by OCC earn ‘outstanding’ CRA ratings

May 1, 2025 0

About half of banks – out of 25 total – earned “outstanding” ratings for their compliance with anti-redlining regulations during April, the regulator of national banks said Thursday. In its latest monthly release of ratings for compliance with Community Reinvestment [...]
Texas commissioner re-elected as chair of state liaison committee to Exam Council

May 1, 2025 0

The Texas commissioner of banking will serve as the chair of the state regulator liaison committee for another year to the umbrella group of federal financial institution regulators, the agency announced Thursday. Charles G. Cooper, commissioner of the Texas Department [...]
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 [...]