The Fed – Page 45 – Regulatory Report

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[ February 4, 2026 ] Lax oversight of IT contract resulted in compliance issues with internal policies, FDIC watchdog finds in audit FDIC
[ February 2, 2026 ] Credit union regulator takes on additional, paid role as member of another regulatory agency’s panel NCUA
[ February 2, 2026 ] Despite tighter standards, lending for C&I picked up for larger firms in 4Q ’25, report contends The Fed
[ February 2, 2026 ] $261 million Chicago bank becomes first to fail in 2026; office reopened Monday under new owner FDIC
[ February 2, 2026 ] OCC rates 8 banks ‘outstanding’ under anti-redlining statute; another 21 deemed ‘satisfactory’ OCC

Barr confirmed for seat, supervision vice chair position on Fed Board after strong bipartisan votes

July 13, 2022 0

On identical bipartisan votes of 66-28, the seventh member of the Federal Reserve Board – giving the panel a full complement for the first time in years – was confirmed by the Senate Wednesday; a […]

International regulators make it clear: crypto-assets, markets need effective regulation, oversight

July 12, 2022 0

Crypto-assets and markets must be subject to effective regulation and oversight commensurate to the risks they pose, both at the domestic and international levels, according to a statement issued Monday by the international body of […]

Vote Tuesday on Barr would round out 7-member Fed Board, fill supervision role

July 11, 2022 0

The next top supervisor for the Federal Reserve is expected to receive a confirmation vote Tuesday, according to the Senate executive calendar published Monday. Michael S. Barr, who was nominated by President Joe Biden (D) […]

Guide to support transition of cash products away from LIBOR published

July 11, 2022 0

Supporting the transition of legacy cash products using a defunct reference rate is the aim of a new guide released Monday by the group that developed and implemented an alternative to the obsolete rate. According […]

Committee applauds launching of forward-looking alternative rates to LIBOR

July 11, 2022 0

The launching of forward-looking rate versions of U.S. dollar interbank offered rate (USD IBOR) cash fallbacks by a large financial data provider was welcomed Monday by the group that developed the rate, the group said […]

Crypto financial system needs regulatory foundation now to minimize risks to financial system in future, Fed leader asserts

July 8, 2022 0

The foundations for sound regulation of the crypto financial system must be established now before the crypto ecosystem becomes so large or interconnected that it might pose risks to the stability of the broader financial […]

MA bank slapped with small penalty for flood insurance violations

July 7, 2022 0

Violations of rules implementing federal flood insurance laws has cost a Massachusetts bank a fine of $17,000, the Federal Reserve said in an enforcement action issued Thursday. In a release, the Fed said Easthampton Savings […]

Joint statement strives to clarify: no one customer type may present ‘single level of risk’ related to money laundering, terrorist financing

July 6, 2022 0

No customer type presents a single level of uniform risk or a particular risk profile related to money laundering, terrorist financing or other illicit financial activity, the federal banking and credit union agencies, along with […]

Banking agencies release ’22 list of underserved, middle-income areas eligible for CRA consideration

July 1, 2022 0

This year’s list of distressed or underserved, middle-income geographic areas that are eligible to receive Community Reinvestment Act (CRA) consideration was released Friday by the federal banking agencies. More specifically, the list represents distressed or […]

Deadline extended for feedback on U.S. GSIB banks’ ‘living wills’ to give agencies more time to dissect

July 1, 2022 0

More time has been given to provide feedback for the U.S. global systemically important banks’ 2021 resolution plans to allow two federal banking agencies additional time to analyze the plans, according to a notice issued […]

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Lax oversight of IT contract resulted in compliance issues with internal policies, FDIC watchdog finds in audit

February 4, 2026 0

Lax oversight of a contractor for a $300 million information technology project resulted in questionable compliance with internal policies, including holding the contractor to agreed-upon metrics, the inspector general for the federal bank deposit insurance agency said Wednesday. In a [...]
Credit union regulator takes on additional, paid role as member of another regulatory agency’s panel

February 2, 2026 0

In an unusual development, two positions on federal regulatory panels will be held by the current board chairman of the credit union regulator, he announced late Friday. National Credit Union Administration (NCUA) Board Chairman Kyle Hauptman, in a statement, thanked [...]
Despite tighter standards, lending for C&I picked up for larger firms in 4Q ’25, report contends

February 2, 2026 0

Lending standards were tighter for commercial and industrial loans in the final quarter of last year, but demand was “stronger” for the borrowing among some firms, according to a report issued Monday by the Federal Reserve. In its Senior Loan [...]
$261 million Chicago bank becomes first to fail in 2026; office reopened Monday under new owner

February 2, 2026 0

A failed Chicago bank was scheduled to reopen Monday after 96% of its assets were acquired by a Detroit institution, the federal deposit insurance agency said late Friday. The first bank to fail in 2026 is a $261 million in [...]
OCC rates 8 banks ‘outstanding’ under anti-redlining statute; another 21 deemed ‘satisfactory’

February 2, 2026 0

Eight out of the 29 banks whose Community Reinvestment Act (CRA) performance ratings became public in January received “outstanding” marks from the Office of the Comptroller of the Currency (OCC). The remaining 21 banks were rated “satisfactory,” according to the [...]
Trio of small banks end deposit insurance, including 121-year-old Alabama former S&L

January 30, 2026 0

Three small banks in Arizona, Florida and Alabama – the latter of which was 121 years old – have voluntarily ended their federal deposit insurance, their federal insurer said Friday. The Federal Deposit Insurance Corp. (FDIC) said First Community Bank [...]
NCUA IG will report on travel card audit later this year, letter shows

January 30, 2026 0

Noting it “did not issue any reports with recommendations” related to the agency’s charge card programs in fiscal 2025, the National Credit Union Administration told the federal budget office it is currently conducting an audit related to its travel card [...]