FDIC

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[ April 18, 2024 ] Still another assessed fine, prohibited, after involvement in troubled loan program at Michigan bank OCC
[ April 18, 2024 ] Credit union regulator seeks comments on how to improve, update records retention rules NCUA
[ April 18, 2024 ] Ombudsman’s report notes banker frustration over lack of communication with FDIC FDIC
[ April 18, 2024 ] OCC publishes semiannual interest rate risk report for midsize, community banks OCC
[ April 17, 2024 ] False claims about student loan costs, graduate hiring rates lead to action against for-profit school, CEO CFPB

Two banks earn ‘outstanding’ CRA ratings, while a third slapped with ‘significant non-compliance’

November 3, 2021 0

Two banks received “outstanding” ratings for compliance with anti-redlining rules, while one received a rating of “significant non-compliance” in recent evaluations by the federal insurer of bank deposits. The Federal Deposit Insurance Corp. (FDIC) said […]

FDIC says new office will focus on MDIs, CDFIs, other ‘mission-driven’ banks

November 2, 2021 0

A new Office of Minority and Community Development Banking to support the agency’s ongoing engagement with minority depository institutions (MDIs), community development financial institutions (CDFIs), and other “mission-driven” banks was announced Tuesday by the chairman […]

FDIC info security program rated ‘4’ under FISMA metrics, but weaknesses noted

November 1, 2021 0

The overall information security program at the Federal Deposit Insurance Corp. (FDIC) was deemed to be operating at a “maturity level” 4 (out of a possible 5) in an audit report released recently by the […]

Report envisions stablecoins only issued through federally insured banks, credit unions; calls for ‘urgently needed’ congressional action

November 1, 2021 0

Payment stablecoins and their arrangements should be subject to a federal framework on a consistent and comprehensive basis through an act of Congress – including by requiring that stablecoins may only be issued by federally […]

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Still another assessed fine, prohibited, after involvement in troubled loan program at Michigan bank

April 18, 2024 0

Another individual associated with a troubled lending program at a Southfield, Mich., bank has been ordered to pay a $400,000 civil money penalty (CMP), the national bank regulator said Thursday. The Office of the Comptroller of the Currency (OCC) said [...]
Credit union regulator seeks comments on how to improve, update records retention rules

April 18, 2024 0

Finding methods for improving and updating the records preservation program regulations and accompanying guidelines of the federal credit union regulator is the goal of an advance notice of proposed rulemaking (ANPR) issued Thursday by the agency’s board. The National Credit [...]
Ombudsman’s report notes banker frustration over lack of communication with FDIC

April 18, 2024 0

Challenges faced by the federal bank deposit insurance agency in its supervisory processes and the feedback received from regional ombudsmen and bankers are outlined in the agency ombudsman’s annual report, issued Thursday. The 2023 report from the Federal Deposit Insurance [...]
OCC publishes semiannual interest rate risk report for midsize, community banks

April 18, 2024 0

Interest rate risk (IRR) data gathered during examinations of midsize and community banks and federal savings associations (FSA) by the national bank regulator was published Thursday by the agency. The report, the Office of the Comptroller of the Currency’s (OCC) [...]
False claims about student loan costs, graduate hiring rates lead to action against for-profit school, CEO

April 17, 2024 0

Deceiving students about the cost of loans and making false claims about graduates’ hiring rates have led to a consent order and a civil money penalty (CMP) against a San Francisco-based, for-profit vocational school and its CEO, the federal consumer [...]
‘Cautiously optimistic’ economic outlook noted in latest Beige report

April 17, 2024 0

Mixed results on consumer spending, “roughly flat” bank lending and some increases in residential construction and tourism were noted by the Federal Reserve in its April Beige Book report on economic conditions. The report is based on information collected on [...]

Two banks earn ‘outstanding’ CRA ratings, while a third slapped with ‘significant non-compliance’

FDIC says new office will focus on MDIs, CDFIs, other ‘mission-driven’ banks

FDIC info security program rated ‘4’ under FISMA metrics, but weaknesses noted

Report envisions stablecoins only issued through federally insured banks, credit unions; calls for ‘urgently needed’ congressional action

FDIC says MDI panel set to meet Tuesday

Recent FDIC enforcements include $24k flood insurance penalty

Nov. 3 FDIC community banking advisory panel agenda includes tech update

Real Estate Lending Standards

Role seen for federal regulators in supervising crypto assets with ‘well-tailored government oversight’

UPDATED: FDIC, in final rule, factors CBLR into real estate lending guidelines

Still another assessed fine, prohibited, after involvement in troubled loan program at Michigan bank

Credit union regulator seeks comments on how to improve, update records retention rules

Ombudsman’s report notes banker frustration over lack of communication with FDIC

OCC publishes semiannual interest rate risk report for midsize, community banks

False claims about student loan costs, graduate hiring rates lead to action against for-profit school, CEO

‘Cautiously optimistic’ economic outlook noted in latest Beige report