FDIC – Page 37 – Regulatory Report

What's up

[ May 8, 2025 ] OCC restores previous merger act rules; comments due in 30 days OCC
[ May 7, 2025 ] Regulator opens door to banks buying, selling crypto assets held in custody – the latest in rolling back crypto hurdles OCC
[ May 6, 2025 ] ‘Buy now, pay later’ rule not a priority for enforcement, CFPB says; rescission to be considered CFPB
[ May 5, 2025 ] OCC’s RFI asks about obstacles to community banks going digital OCC
[ May 5, 2025 ] FDIC ratings under CRA show 3 banks ‘outstanding’ and 2 ‘needs to improve’ FDIC

Treasury’s Yellen gathers bank regulators over closure of Silicon Valley Bank; calls banking system ‘resilient’

March 10, 2023 0

Federal banking regulators met Friday afternoon with the Secretary of the Treasury to discuss developments around the closure of a Santa Clara, Calif., bank, the Treasury Department said. In a release, the Treasury Department said […]

Rules changes, mandated by law, proceeding by agency to allow some previously prohibited to resume working at banks

March 9, 2023 0

Changes to rules that will allow persons who were previously prohibited from working at or serving a bank and will now let those individuals take those positions were announced Thursday by the federal bank deposit […]

Risks rising for banks on interest rates and credit, FDIC leader warns, despite strong financials

March 6, 2023 0

Risks remain on the horizon for the banking industry, the result of trends developed during the coronavirus, despite strong performance and the low number of problem banks and failures, the board chairman for the federal […]

Two UT banks, and a third in CA, earn ‘outstanding’ ratings for CRA compliance

March 3, 2023 0

Three banks – including two in Utah – earned “outstanding” ratings in December for their compliance with anti-redlining rules, the federal insurer of bank deposits said Friday. Another 49 banks, the Federal Deposit Insurance Corp. […]

600+ banks on regulators’ CRA eval schedules over coming two quarters

February 28, 2023 0

A total of 605 federally supervised banks and savings institutions are slated for evaluation under the anti-redlining Community Reinvestment Act (CRA) by the Federal Deposit Insurance Corp. (FDIC) and Office of the Comptroller of the […]

Stealing checks from churches, worth nearly $2 million, results in conviction for former bank worker

February 28, 2023 0

Obtaining or attempting to obtain almost $2 million by fraud, including by stealing checks from the mail of churches and religious institutions, earned a Maryland man a conviction by a federal jury late last week, […]

Banks saw drop-off in net income in ’22, some worsening in asset quality; lending heated up

February 28, 2023 0

Net income for the nation’s banks declined in 2022 from the previous year but was still higher than the average posted by the institutions before the coronavirus crisis emerged in 2020, the federal bank deposit […]

Statement raises red flags over ‘liquidity risks’ of deposits from crypto-related firms

February 23, 2023 0

The “potential heightened liquidity risks” presented by certain sources of funding from crypto-asset-related entities is highlighted in a joint statement issued Thursday by federal banking agencies. “When a banking organization’s deposit funding base is concentrated […]

Report finds preparing for crises, risks in cybersecurity, digital assets, as top three FDIC challenges

February 22, 2023 0

Preparing for crises in the banking sector, mitigating cybersecurity risks at banks and third parties, and supervising risks posed by digital assets are the top three challenges for the federal bank deposit insurance agency in […]

Agencies propose changes to call reports resulting from recent lawmaking

February 22, 2023 0

Bank call reports, revised to reflect recent legislation, would receive a three-year lease on life under a rule proposed Tuesday by the federal banking agencies, and announced in a financial institution letter (FIL) Wednesday by […]

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OCC restores previous merger act rules; comments due in 30 days

May 8, 2025 0

The national bank regulator is restoring its pre-2024 business combinations rule under the Bank Merger Act (BMA), undoing the rule adopted last September and also rescinding its related policy statement. The changes by the Office of the Comptroller of the [...]
Regulator opens door to banks buying, selling crypto assets held in custody – the latest in rolling back crypto hurdles

May 7, 2025 0

National banks and federal savings associations may buy and sell crypto assets held in custody, the national bank regulator confirmed Wednesday in an interpretive letter. The Office of the Comptroller of the Currency (OCC) said the banks may transact the [...]
‘Buy now, pay later’ rule not a priority for enforcement, CFPB says; rescission to be considered

May 6, 2025 0

Enforcement of last year’s interpretive rule on “buy now, pay later” loans will not be prioritized and could be rescinded in the future, the Consumer Financial Protection Bureau (CFPB), the bureau said Tuesday. As with other rules the bureau has [...]
OCC’s RFI asks about obstacles to community banks going digital

May 5, 2025 0

Questions about the key challenges and barriers faced by community banks in adopting and implementing digital banking solutions are posed in a request for information (RFI) announced Monday by the national banking regulator. The Office of the Comptroller of the [...]
FDIC ratings under CRA show 3 banks ‘outstanding’ and 2 ‘needs to improve’

May 5, 2025 0

Of the 64 banks assigned ratings under the federal anti-redlining statute this February, three were rated “outstanding” and 2 were rated “needs to improve,” the federal bank deposit insurer said Monday. The remaining 57 banks were deemed “satisfactory” under the [...]
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 [...]