FDIC

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[ July 1, 2026 ] Noncash payments up 300% overall since year 2000, led by debit cards, Fed study finds The Fed
[ June 30, 2026 ] Alert takes aim at ‘fiscal fuel theft’ over schemes by Mexican transnational smuggling groups Other
[ June 30, 2026 ] Foreclosures inch up, trading revenue surges, in first quarter at national banks OCC
[ June 30, 2026 ] Agencies release neighborhood lists where bank activities may be eligible for CRA credit FDIC
[ June 29, 2026 ] One outsider, one 42-year veteran named to senior positions for IT, large bank supervision at national bank regulator OCC

Inspector general skewers FDIC managers for $4.2 million loss related to telecommunications contract oversight

April 3, 2023 0

An unauthorized contractual commitment that cost the federal bank deposit insurance agency $4.2 million and a prolonged increase in operational, monetary, legal, and reputational risks is outlined in a report published Monday by the agency’s […]

Biden urges regulators to reverse changes of previous administration, claiming ‘weakening’ of safeguards for larger banks

March 31, 2023 0

Terming actions by the previous administration on bank regulation a “weakening” of common-sense safeguards and supervision for large regional banks, President Joe Biden (D) late Thursday urged the supervisors to reverse those decisions, which he […]

UPDATED: FDIC seeks to bar 3, impose fines and restitution over alleged bridge loan scheme that cost SBA millions

March 31, 2023 0

A bridge loan scheme that allegedly ended up costing the Small Business Administration an estimated $8.8 million is at the root of a Federal Deposit Insurance Corp. (FDIC) notice in February regarding prohibitions, fines assessments […]

Revised CRA rules still under development; no date given for release by Fed top supervisor

March 29, 2023 0

Revised rules implementing anti-redlining statutes will “support more impactful bank lending, investing, and services in today’s banking environment,” the Federal Reserve’s top supervisor said Wednesday – but he gave no date for when those rules […]

No new data items sought, but a couple tips provided on filing bank call reports due in April

March 29, 2023 0

Instructions and guidance for submitting first-quarter 2023 bank call report data are provided with a Financial Institution Letter (FIL) issued Wednesday by the Federal Deposit Insurance Corp. (FDIC). The call reports, covering the period from […]

Internet ‘neobank’ ordered to stop saying it has federal bank deposit insurance coverage

March 27, 2023 0

A so-called “neobank” which says it provides access to the U.S. banking system has been ordered to stop making phony representations that its customers cryptocurrency is covered by federal bank deposit insurance, the agency that […]

FDIC plans ‘comprehensive review’ of deposit insurance; will propose rule in May for payments to cover costs of two failed banks

March 27, 2023 0

A comprehensive review of the federal bank deposit insurance system, as well as a review of the supervision by the deposit insurance agency of one of the two recently failed banks, will be conducted and […]

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Noncash payments up 300% overall since year 2000, led by debit cards, Fed study finds

July 1, 2026 0

The number of noncash payments has more than tripled since 2000, with debit cards now accounting for most card payments, which were the leaders overall in the noncash transactions, the Federal Reserve said Wednesday. In its initial findings from the [...]
Alert takes aim at ‘fiscal fuel theft’ over schemes by Mexican transnational smuggling groups

June 30, 2026 0

Fiscal fuel theft – otherwise known as fuel smuggling – is targeted in an alert issued Tuesday by Treasury’s financial crimes enforcement unit to combat Mexican tax evasion through smuggling of U.S. fuel, the agency said. The Treasury’s Financial Crimes [...]
Foreclosures inch up, trading revenue surges, in first quarter at national banks

June 30, 2026 0

Foreclosures were up for first-lien mortgages in the first quarter of the year – but down from the same point a year ago – and trading revenue was up from the previous quarter, the national bank regulator said Tuesday. In [...]
Agencies release neighborhood lists where bank activities may be eligible for CRA credit

June 30, 2026 0

The 2026 list of neighborhoods where certain bank activities are eligible for Community Reinvestment Act (CRA) credit was released Tuesday by federal banking agencies, which includes distressed or underserved nonmetropolitan middle-income geographies. According to the agencies, the list covers the [...]
One outsider, one 42-year veteran named to senior positions for IT, large bank supervision at national bank regulator

June 29, 2026 0

Two senior personnel changes were made at the national bank regulator, the agency said Monday, overseeing its information technology (IT) policies and personnel in one position and large and foreign bank operations in the other. The Office of the Comptroller [...]
NCUA: $3.47 million in grants go to 97 low-income credit unions

June 29, 2026 0

A total of $3.47 million in grants across six initiatives promoting innovation, capacity building, training and more were awarded to 97 low-income-designated credit unions, the federal credit union regulator said Monday. The National Credit Union Administration (NCUA) said the grants, [...]
Former OK bank leader earns prohibition, $125k fine for ‘imprudent’ lending that led to millions in losses

June 19, 2026 0

“Imprudent” loans made to the relatives of an Oklahoma bank CEO have led to his prohibition from future bank employment and a fine of $125,000, the Federal Reserve said Thursday. According to the Fed, it has prohibited Thomas Engelbrecht from [...]

Inspector general skewers FDIC managers for $4.2 million loss related to telecommunications contract oversight

Biden urges regulators to reverse changes of previous administration, claiming ‘weakening’ of safeguards for larger banks

UPDATED: FDIC seeks to bar 3, impose fines and restitution over alleged bridge loan scheme that cost SBA millions

Revised CRA rules still under development; no date given for release by Fed top supervisor

No new data items sought, but a couple tips provided on filing bank call reports due in April

Internet ‘neobank’ ordered to stop saying it has federal bank deposit insurance coverage

FDIC plans ‘comprehensive review’ of deposit insurance; will propose rule in May for payments to cover costs of two failed banks

North Carolina bank takes over SVB loans, deposits; enters in ‘loss-share’ transaction with deposit insurer

UPDATED: Developments in wake of bank failures continue to ripen; timeline offers a look back

Fed’s Bowman: Banking system remains resilient in wake of SVB, Signature Bank closures

Noncash payments up 300% overall since year 2000, led by debit cards, Fed study finds

Alert takes aim at ‘fiscal fuel theft’ over schemes by Mexican transnational smuggling groups

Foreclosures inch up, trading revenue surges, in first quarter at national banks

Agencies release neighborhood lists where bank activities may be eligible for CRA credit

One outsider, one 42-year veteran named to senior positions for IT, large bank supervision at national bank regulator

NCUA: $3.47 million in grants go to 97 low-income credit unions

Former OK bank leader earns prohibition, $125k fine for ‘imprudent’ lending that led to millions in losses