Federal financial regulation – Page 589

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[ October 30, 2026 ] Kansas bank ordered to pay $2.5 million penalty for not maintaining anti-money laundering program FDIC
[ October 30, 2026 ] Deposit insurer wants to rescind rule calling for detailed records, coverage calculations within 24 hours of failure FDIC
[ October 30, 2026 ] Two credit unions chartered by federal agency – first pair in 2026—to provide business loans, consumer services NCUA
[ October 30, 2026 ] 2 former TX, IL credit union employees barred by NCUA NCUA
[ October 28, 2026 ] NCUA proposed budget shows hike of 2.9% for 2027, op fee rate to drop NCUA

Deposit insurer’s ‘innovation office’ proceeding, but still a few months away

February 22, 2019 0

The federal insurer of bank deposits is moving forward on its proposed “office of innovation,” but operation is still a few months away, the chairman of the agency’s board said Thursday. In a press conference […]

OCC completes BSA exam of Tokyo bank’s federal branches, sets new cease-and-desist order

February 22, 2019 0

Violations of the Bank Secrecy Act (BSA) and related rules are continuing to be addressed by three federal branches of MUFG Bank Ltd., Tokyo, Japan, under a consent cease-and-desist (C&D) order executed Thursday with the […]

Fed bans former J.P. Morgan Chase exec for jobs scheme involving improper referrals from foreign officials

February 21, 2019 0

A former official at a non-bank subsidiary of J.P. Morgan Chase & Co. has agreed to a permanent prohibition from banking after allegedly offering internships and other jobs to persons referred by foreign officials in […]

McWilliams fields questions on bank failures, consolidation, eSLR proposal

February 21, 2019 0

The absence of any bank failures in 2018 coupled with the lowest number of troubled institutions since 2007, while good news, hasn’t lulled bank regulators into complacency, according to remarks Thursday by the chairman of […]

FDIC

Banks see $59.1 billion net income in 4Q 2018, up $33.8 billion from 4Q 2017

February 21, 2019 0

Net income at 5,406 federally insured banks and thrifts during the fourth quarter of 2018 was up 133.4% from the same period a year ago, totaling $59.1 billion, the Federal Deposit Insurance Corp. (FDIC) reported […]

OCC bulletin details flood insurance rule under Biggert-Waters Act

February 21, 2019 0

A flood insurance rule that, effective July 1, will require lenders to accept policies meeting the statutory definition of “private flood insurance” is explained in a bulletin issued to national banks and federal savings associations […]

Guide highlights payment issues under payday lending rule – but not mandatory underwriting provision (which is out for comment)

February 21, 2019 0

A guide highlighting the payment-related requirements of the federal consumer financial protection agency’s “Payday Lending Rule” was released Wednesday, with a key disclaimer that the guide does not discuss the rule’s mandatory underwriting provisions – […]

Truth in Lending Act (Regulation Z) Adjustment to Asset-Size Exemption Threshold

February 20, 2019 0

Title: Truth in Lending Act (Regulation Z) Adjustment to Asset-Size Exemption Threshold Subject: Reg Z Agency: CFPB Status: Final rule; official interpretation Summary: The Bureau of Consumer Financial Protection (Bureau) is amending the official commentary […]

Comments due late April on FDIC proposed assessment rule change for CBLR banks

February 20, 2019 0

A December proposal to revise the federal bank deposit insurance agency’s assessment rules to factor in a simpler capital framework for community banks is slated for publication in the Federal Register Friday with a comment […]

Assessments

February 20, 2019 0

Title: Assessments Subject: Deposit insurance Agency: FDIC Status: Final rule Summary: The FDIC is amending its deposit insurance assessment regulations to apply the community bank leverage ratio (CBLR) framework to the deposit insurance assessment system […]

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Kansas bank ordered to pay $2.5 million penalty for not maintaining anti-money laundering program

October 30, 2026 0

A Kansas bank must pay a $2.5 million civil money penalty (CMP) for its failure to maintain an effective anti-money laundering (AML) program, the federal bank deposit insurer said Friday. According to the Federal Deposit Insurance Corp. (FDIC), CBW Bank [...]
Deposit insurer wants to rescind rule calling for detailed records, coverage calculations within 24 hours of failure

October 30, 2026 0

A rule would be rescinded that requires banks with $2 million or more in deposits maintain detailed records and calculate deposit insurance coverage within 24 hours of a bank’s failure, under a proposal the federal bank deposit insurance agency issued [...]
Two credit unions chartered by federal agency – first pair in 2026—to provide business loans, consumer services

October 30, 2026 0

Two new credit union charters – the first such so far in 2026 – were announced Friday by the federal regulator, with the new cooperatives serving memberships on different sides of the country. The National Credit Union Administration (NCUA) said [...]
2 former TX, IL credit union employees barred by NCUA

October 30, 2026 0

Two former employees of credit unions — one in Texas, the other in Illinois — are barred from any future service in federally insured depository institutions under prohibition orders announced Friday by the National Credit Union Administration (NCUA). The two [...]
NCUA proposed budget shows hike of 2.9% for 2027, op fee rate to drop

October 28, 2026 0

Growth in employee compensation, contracted services and administrative expenses for the National Credit Union Share Insurance Fund (NCUSIF) are the key factors behind the federal credit union regulator’s proposed 2027 budget of $325.4 million, the agency said. In its proposal [...]
FDIC names new COO with experience mostly from law enforcement agencies

October 26, 2026 0

A new chief operating officer (COO) for the federal bank deposit insurance agency has been named, who brings experience largely from law enforcement, the regulator said Monday. Five others were also named to senior positions, the Federal Deposit Insurance Corp. [...]
Interest rate risk report exposes some vulnerability for banks over longer term

October 23, 2026 0

Economic value of equity (EVE) is more vulnerable to interest rate increases than are other financial indicators, according to the latest interest rate risk statistics report issued Friday by the national bank regulator. According to the quarterly report (for fall [...]