FDIC – Page 87 – Regulatory Report

What's up

[ May 15, 2025 ] CFPB rescinds interpretive rule on states’ enforcement of CFPA; withdraws 3 proposed rules focused on EFT, data broker practices, contracts of adhesion CFPB
[ May 15, 2025 ] Mississippi banker agrees to prohibition after ignoring order not to accept commission on real estate deal OCC
[ May 14, 2025 ] FDIC: Rescission of 2024 merger act policy, report on insurance fund restoration slated FDIC
[ May 14, 2025 ] OCC publishes spring ‘25 interest-rate risk report OCC
[ May 13, 2025 ] Bureau, proposing to rescind past adjudication proceeding rule changes, says one gave director too much authority, others ‘unnecessary’ CFPB

THIS WEEK: NCUA holds second October open meeting; FDIC advisory panels meet; comments due on CARD Act rules, FCU op fees, more

October 26, 2020 0

The board of the federal credit union regulator is poised to hold its second October open meeting – a rare occurrence – this week, which also features two banking agency advisory panel sessions and three […]

$70 million KS bank closed; FDIC pegs insurance fund cost at $18.3 million

October 23, 2020 0

Financial difficulties unrelated to the COVID-19 pandemic led to the demise of Almena State Bank of Almena, Kan., which on Friday became the fourth federally insured bank to fail in 2020, according to Federal Deposit […]

Five who sought $1.1 million+ in COVID-relief loans charged with bank fraud, money laundering

October 23, 2020 0

Five individuals – three from Milwaukee, Wis., and two from Chicago – have been indicted for their alleged participation in a scheme to file fraudulent loan applications seeking more than $1.1 million in forgivable Paycheck […]

FDIC announces relief available for institutions affected by CA wildfires, Hurricane Delta

October 23, 2020 0

The Federal Deposit Insurance Corp. (FDIC) has deployed its regulatory relief measures to help institutions deal with the fallout from Hurricane Delta in Louisiana and the wildfires that have plagued areas of California since early […]

Supervisory appeals process, rapid prototyping competition slated for next week’s FDIC advisory panel discussion

October 23, 2020 0

A meeting next Wednesday of the panel that advises the federal bank deposit insurer on community banking concerns will discuss proposed supervisory appeals process changes, the agency’s ongoing tech sprint on financial reporting, a potential […]

MDI subpanel to discuss challenges, opportunities; highlight partnership with Menominee Tribe

October 22, 2020 0

Key challenges and opportunities facing their communities and themselves as minority depository institutions (MDIs) will be under discussion Tuesday at the meeting of the MDI subcommittee sponsored by the federal insurer of bank deposits. In […]

Applicability of Annual Independent Audits and Reporting Requirements for Fiscal Years Ending in 2021

October 22, 2020 0

Title: Applicability of Annual Independent Audits and Reporting Requirements for Fiscal Years Ending in 2021 Subject: Audits and reporting Agency: FDIC Status: Interim final rule Summary: In light of recent disruptions in economic conditions caused […]

Removal of Transferred OTS Regulations Regarding Certain Subordinate Organizations of State Savings Association

October 22, 2020 0

Title: Removal of Transferred OTS Regulations Regarding Certain Subordinate Organizations of State Savings Association Subject: Transferred OTS rules Agency: FDIC Status: Final rule Summary: The Federal Deposit Insurance Corporation (FDIC) is adopting a final rule […]

SC businessman convicted of $30 million in fraud schemes gets 8-year prison term and ordered to pay $14.8 million in restitution

October 22, 2020 0

A series of fraud schemes against financial institutions and others totaling more than $30 million earned a former Aurora, Mo., business owner eight years in prison – with no parole – and an order to […]

Yet another charged with getting PPP loans fraudulently – this one for more than $2.5 million

October 21, 2020 0

Fraudulently obtaining more than $2.5 million in Paycheck Protection Program (PPP) loans has earned a Virginia man an arrest on charges of bank fraud, law enforcement authorities said Tuesday. In a release, the U.S. Attorney […]

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CFPB rescinds interpretive rule on states’ enforcement of CFPA; withdraws 3 proposed rules focused on EFT, data broker practices, contracts of adhesion

May 15, 2025 0

An interpretive rule that declared essentially no limits on states’ ability to enforce provision of the Consumer Financial Protection Act (CFPA) was rescinded as of Thursday, the Consumer Financial Protection Bureau (CFPB) said in a Federal Register notice published the [...]
Mississippi banker agrees to prohibition after ignoring order not to accept commission on real estate deal

May 15, 2025 0

A former Mississippi banker has been prohibited from serving at any federally insured financial institution after ignoring a directive three years ago not to accept a $120,000 personal commission as a real estate broker, the national bank regulator said Thursday. [...]
FDIC: Rescission of 2024 merger act policy, report on insurance fund restoration slated

May 14, 2025 0

The federal bank deposit insurer’s board plans a vote next Tuesday to rescind its 2024 Bank Merger Act rule policy statement, replacing it with the previous statement, and to hear an update on its Deposit Insurance Fund (DIF) restoration plan, [...]
OCC publishes spring ‘25 interest-rate risk report

May 14, 2025 0

Interest rate risk data gathered during examinations of midsize and community banks are available Wednesday with the publication of the spring 2025 statistics report by the national bank regulator. The Office of the Comptroller of the Currency (OCC) said the [...]