The Register – Regulatory Report

What's up

[ November 29, 2024 ] Referral agent to RI bank barred, ordered to pay $1 million, for loan application violations FDIC
[ November 27, 2024 ] OCC increases assessment rates for 2025; asset cap for problem-bank surcharge calculation upped to $250 billion OCC
[ November 26, 2024 ] Weaknesses in process for escalating supervisory concerns need to be addressed, report contends FDIC
[ November 25, 2024 ] Funding risk vulnerabilities remain ‘notable’ among banks, with some MMFs susceptible to runs, report contends The Fed
[ November 25, 2024 ] Prices for Reserve Banks’ ‘mature’ priced services up an average 2.8% for 2025, Fed says The Fed

January tally shows reg activity about average for agencies

February 1, 2017 0

Last month was a fairly typical January in terms of federal financial institution regulatory activity, at least based on recent history, with the Trump administration’s Jan. 20 regulatory freeze showing little comparative impact. Of course, […]

Agencies – but not financial regulators – begin withdrawing proposals, rules

January 24, 2017 0

A number of federal agencies have filed “letters of withdrawal” for new and proposed rules, in line with President Donald Trump’s Jan. 20 order for a “regulatory freeze pending review.” However, none of the federal […]

Order freezes new regulation for 60 days

January 20, 2017 0

A freeze on new regulation that could affect a number of pending rules recently issued by federal financial institution regulators was signed by President Donald Trump Friday evening. The freeze requires that new rules that […]

Federal Register: Monday, Jan. 23

January 20, 2017 0

Comptroller of the Currency Rules Economic Growth and Regulatory Paperwork Reduction Act Amendments Filed on: 01/19/2017 at 08:45 am; Scheduled Pub. Date: 01/23/2017; FR Document: 2016-30502; PDF 126 Pages (554 KB) Permalink Federal Deposit Insurance […]

Federal Register: Monday, Jan. 23 (scheduled)

January 19, 2017 0

The following items are scheduled for publication in the Federal Register Monday, Jan. 23: Comptroller of the Currency Rules Economic Growth and Regulatory Paperwork Reduction Act Amendments Filed on: 01/19/2017 at 08:45 am; Scheduled Pub. […]

Federal Register: Wednesday, Jan. 18:

January 19, 2017 0

Bureau of Consumer Financial Protection Notice Compliance Bulletins: Detecting and Preventing Consumer Harm From Production Incentives FR Document: 2017-01021; Citation: 82 FR 554; PDF; Pages 5541-5543 (3 pages) Permalink Comptroller of the Currency Rule Community […]

Federal Register, Tuesday, Jan. 17 (more):

January 16, 2017 0

Federal Reserve System Notices Agency Information Collection Activities; Proposals, Submissions, and Approvals Filed on: 01/13/2017 at 08:45 am; Scheduled Pub. Date: 01/17/2017; FR Document:; 2017-00841; PDF; 8 Pages (115 KB); Permalink Filed on:; 01/13/2017 at […]

Federal Register, Tuesday, Jan. 17:

January 14, 2017 0

In today’s Register: Credit union agency monthly meeting agenda, a final rule on amendments to the Sudanese Sanctions Regulations authorizing all prohibited transactions, and a proposed rule for Customs and Border Patrol to prescribe regulatory […]

Federal Register, Thursday, Jan. 12

January 12, 2017 0

The CFPB is adjusting for inflation the maximum amount of each civil penalty within the Bureau’s jurisdiction, bank holding company applications to the Federal Reserve, the Bank Enterprise Award Program Application and the Treasury Borrowing […]

Federal Register: Wednesday, Jan. 11

January 11, 2017 0

The FDIC has submitted two documents for “information collection” to the Office of Management and Budget for review: Director, officer, shareholder Interagency Biographical and Financial Report; Application for FDIC consent for participation of a person […]

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Referral agent to RI bank barred, ordered to pay $1 million, for loan application violations

November 29, 2024 0

A referral agent for a Rhode Island bank was prohibited from further bank employment and ordered to pay $1 million in restitution for “violations of regulations” and unsafe and unsound practices, the federal insurer bank deposits said Friday. In publicly [...]
OCC increases assessment rates for 2025; asset cap for problem-bank surcharge calculation upped to $250 billion

November 27, 2024 0

Fees the national bank regulator charges supervised banks are going up next year, with a 16% increase planned for rates in the general assessment fee schedule for assets above $40 billion and 2.65% for all other rates in that schedule, [...]
Weaknesses in process for escalating supervisory concerns need to be addressed, report contends

November 26, 2024 0

The process for escalating supervisory concerns at banks and other regulated institutions has weaknesses that should be addressed, according to a report issued Tuesday. The Government Accountability Office (GAO) said bank failures in 2023 “raised questions about federal regulators’ ability [...]
Funding risk vulnerabilities remain ‘notable’ among banks, with some MMFs susceptible to runs, report contends

November 25, 2024 0

Vulnerabilities from funding risks remain “notable” for the nation’s banks and other institutions, according to a report issued Friday (Nov. 22), with such vehicles as money-market funds (MMFs) and other cash-management vehicles “remaining susceptible to runs owing to structural vulnerabilities.” [...]
Prices for Reserve Banks’ ‘mature’ priced services up an average 2.8% for 2025, Fed says

November 25, 2024 0

Fees for established, mature priced services the Federal Reserve Banks provide to banks and credit unions are rising on average by an estimated 2.8% beginning Jan. 1, excluding FedNow and Fedwire securities priced services, the central bank said Friday. The [...]
Bureau finalizes rule extending supervision over digital payment wallet apps

November 21, 2024 0

Digital payment wallet apps handling more than 50 million transactions annually are subject to a final rule requiring them to follow federal law applied to banks, credit unions and other financial institutions already supervised by the federal consumer financial protection [...]
Number of credit unions with low exam ratings rose in third quarter; strain on balance sheets, consumers, noted

November 21, 2024 0

The number of the lowest-rated credit unions based on their exam scores rose in the third quarter, their federal regulator said Thursday, reflecting strains on balance sheets and their consumer members, according to the agency. That total includes nine troubled [...]
CFPB publishes adjustments to thresholds under TILA, FCRA

November 21, 2024 0

Two adjustments to thresholds under lending disclosure and credit reporting rules were announced Thursday by the federal consumer financial protection agency. The Consumer Financial Protection Bureau (CFPB) said the first threshold adjustment resulted from a final rule it issued amending [...]
Ex-CEO of failed Kansas bank prohibited from financial institutions after cryptocurrency scheme

November 21, 2024 0

The former CEO of a Kansas bank that failed after the embezzlement of $47.1 million in a cryptocurrency scheme has been prohibited permanently from serving at another federally insured financial institution, the Federal Reserve said Thursday. Shan Hanes, 53, of [...]