A South Dakota banker, who pleaded guilty to embezzlement in April of more than $26,000 has been prohibited from further service at financial institutions, the Federal Reserve said Thursday. The Fed said Nicholas Leroy Klug, […]
Slightly more mortgage loans were performing at midyear than in the previous year, the national bank regulator reported Wednesday – and the percentage of seriously delinquent mortgages fell from the year before, the agency added. […]
The national bank regulator’s bank supervision and examination group will be divided into three areas ad of Oct. 1, and its chief national bank examiner office will have five divisions, the agency announced recently. The […]
Supervisory relief to help banks in areas of Wisconsin and South Dakota affected recent storms has been extended by the federal insurer of bank deposits, the agency said in separate releases Tuesday. In Wisconsin, the […]
The fund that insures member deposits, or “shares,” in credit unions had an equity ratio of 1.28% of insured shares as of June 30, down from 1.3% at year-end 2024, according to a report Thursday. […]
More than $18 trillion in deposits were held by the 4,431 banks and savings institutions insured by the federal deposit insurance agency at midyear, with nearly 83% of that held by the 157 institutions with […]
Updated to provide public comment deadline. The costs to depository institutions of complying with Bank Secrecy Act (BSA) anti-money laundering and countering the financing of terrorism (AML/CFT) requirements are sought in an agency information collection […]
Those interested in airing their views on federal banking regulators’ work considering what regulations might be deemed “outdated” or otherwise “unnecessary” can do so during an Oct. 30 outreach meeting in Kansas City, Mo., the […]
A new principal deputy chief counsel and a new top executive for chartering – a move that “elevates” the chartering function – were announced Tuesday by the national bank regulator. The Office of the Comptroller […]
Helping financial institutions detect and disrupt financially motivated sextortion is the aim of a notice issued Monday by the Treasury’s anti-financial crimes arm. The Financial Crimes Enforcement Network (FinCEN) said the notice “underscores the importance […]
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