FDIC

Transferred OTS Regulations Regarding Securities Offerings of State Savings Associations, Statement of Policy on the Use of Offering Circulars, Proposed Rulemaking Regarding Securities Offerings by State Nonmember Banks and State Savings Associations, and Other Technical Amendments

February 4, 2021 0

Title: Transferred OTS Regulations Regarding Securities Offerings of State Savings Associations, Statement of Policy on the Use of Offering Circulars, Proposed Rulemaking Regarding Securities Offerings by State Nonmember Banks and State Savings Associations, and Other […]

FDIC rates 3 out of 65 banks ‘outstanding’ under CRA; one ‘needs to improve’

February 4, 2021 0

Three banks earned ratings of “outstanding” in November for their compliance with the anti-redlining Community Reinvestment Act (CRA), according to information released Thursday by the Federal Deposit Insurance Corp. (FDIC). In its report on the […]

Former CEO, executives, borrower of failed New Orleans bank indicted for fraud

February 2, 2021 0

The former CEO of a New Orleans bank, three other executives of the institution, and a borrower have all been indicted by a federal grand jury for defrauding the bank, which ultimately failed in 2017. […]

Letter outlines proposal for removing old OTS rules on securities offerings

February 1, 2021 0

Regulations for state savings associations regarding securities offerings, transferred from their former federal regulator to the federal insurer of bank regulations, are being proposed for removal, according to a letter issued Friday by the agency. […]

Data reporting elements for reporting 2020 CRA data released

January 29, 2021 0

Data entry software, file specifications and edits to reporting records for 2021 anti-redlining regulation reporting were released Friday by the umbrella group for federal financial institution regulators. The Federal Financial Institutions Examination Council (FFIEC) released […]

FDIC assesses $12.5 million penalty over BSA violations

January 29, 2021 0

Ten enforcement orders issued in December by the federal bank deposit insurer included a $12.5 million civil money penalty against a bank and a $125,000 penalty against a former bank president, according to information released […]

Agencies give NC, NY banks more time on merger (and comments)

January 29, 2021 0

A proposed merger between banking companies in North Carolina and New York has had its comment period on the action reopened, and extended, by federal banking regulators. The Federal Deposit Insurance Corp. (FDIC) Friday said […]

Banking, credit union regulators’ proposed SAR exemption rules have Feb. 22 comment deadline

January 22, 2021 0

Financial institution regulatory agencies’ proposals for allowing certain exemptions from the requirement to submit suspicious activity reports (SARs) under the Bank Secrecy Act (BSA) were published Thursday in the Federal Register with a public comment […]

FDIC revises guidelines on appeals of material supervisory findings; new office planned for review of appeals

January 21, 2021 0

Revised guidelines for banks’ appeals of material supervisory determinations by the federal bank deposit insurer were approved by the agency’s board Monday on a vote of 3-1, with Board Member Martin Gruenberg (a former chairman) […]

FinCEN, bank and credit union regulators issue FAQs on SAR reporting, other AML considerations

January 21, 2021 0

Answers to frequently asked questions (FAQs) related to suspicious activity report (SAR) rules and other anti-money laundering (AML) considerations were issued jointly Monday by the four federal financial regulatory agencies. The FAQs from the Federal […]

Transferred OTS Regulations Regarding Securities Offerings of State Savings Associations, Statement of Policy on the Use of Offering Circulars, Proposed Rulemaking Regarding Securities Offerings by State Nonmember Banks and State Savings Associations, and Other Technical Amendments

FDIC rates 3 out of 65 banks ‘outstanding’ under CRA; one ‘needs to improve’

Former CEO, executives, borrower of failed New Orleans bank indicted for fraud

Letter outlines proposal for removing old OTS rules on securities offerings

Data reporting elements for reporting 2020 CRA data released

FDIC assesses $12.5 million penalty over BSA violations

Agencies give NC, NY banks more time on merger (and comments)

Banking, credit union regulators’ proposed SAR exemption rules have Feb. 22 comment deadline

FDIC revises guidelines on appeals of material supervisory findings; new office planned for review of appeals

FinCEN, bank and credit union regulators issue FAQs on SAR reporting, other AML considerations

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

Agencies jointly issue proposal for ‘effective’ customer ID program used by permitted stablecoin issuers

Want your filing approved? OCC attempts to clarify how that happens (and how it doesn’t)

OCC bars 2 from banking work; terminates 3 previous orders of enforcement

GAO: Fed’s COVID-era ‘Main Street’ loan program shows 70% of loans repaid; more

Credit union regulator’s Hauptman to receive three briefings at meeting set for June 24

OCC drops language from MDI rules designating what groups qualify as ‘socially, economically disadvantaged’

UPDATED: Credit union regulator loosens rules on records preservation requirements