Legislation

Bad loans led to ‘significant’ losses, and capital corrosion, in failure of Chicago bank at year’s start

June 1, 2026 0

Bad loans resulting in “significant” losses and thus the deterioration of the capital of a Chicago bank led it to become the first to fail in 2026, the federal deposit insurance agency said Monday. The office of inspector general (OIG) [...]
New senior deputy comptroller at OCC for regional, midsize banks

June 1, 2026 0

Benjamin Eddy is the senior deputy comptroller for regional and midsize financial institutions for the Office of the Comptroller of the Currency (OCC), the agency announced Monday. In that role, Eddy oversees the supervision of national banks and federal savings [...]
Latest list of OCC’s CRA ratings includes 9 banks ‘outstanding,’ 9 ‘satisfactory’

June 1, 2026 0

Half of the 18 banks whose ratings under the anti-redlining Community Reinvestment Act (CRA) became public in May were deemed “outstanding,” information released by the national bank regulator Monday shows. The other nine banks, the list from Office of the [...]
Former CEO of failed $1 billion credit union prohibited by agency following 2018 conviction

May 29, 2026 0

The former chief executive officer of a now-closed New York credit union has been prohibited from future service (becoming an “institution-affiliated party”) at any federally insured financial institution, the federal regulator said Friday. Alan S. Kaufman, the former CEO of [...]
210 banks slated for CRA exams by FDIC over next two quarters

May 29, 2026 0

The federal bank deposit insurer has slated 210 banks for examinations under the anti-redlining Community Reinvestment Act (CRA) over the next two quarters, according to information released Friday by the agency. The Federal Deposit Insurance Corp. (FDIC), in a release, [...]