Legislation

Comptroller promotes two to positions overseeing bank chartering, policies activities

April 2, 2026 0

Policies and “executive direction” on federal bank applications, chartering, and corporate activities, policies, processes, and requirements will be set by two executives at the national bank regulator, the agency said Thursday. Jason Almonte and Sebastian Astrada have been promoted to [...]
Small PA credit union closed after regulator found it was ‘insolvent, no prospect’ for viable operations

April 2, 2026 0

A small Pennsylvania credit union was liquidated after the federal regulator found it “was insolvent and had no prospect for restoring viable operations,” the agency said late Wednesday. Copper & Glass Federal Credit Union (FCU) in Glassport, Penn., was closed [...]
Comptroller withdraws guidelines on recovery planning for larger banks; cites achieving goal of erasing ‘unnecessary regulatory burden’

April 1, 2026 0

Recovery planning guidelines will be rescinded for some large banks under a final rule issued Wednesday by the national bank regulator. The rule takes effect 30 days after its publication in the Federal Register, the Office of the Comptroller of [...]
TIL, EFT, flood insurance lead FDIC consumer compliance supervisory highlights; EFT moves higher in list

April 1, 2026 0

Violations of truth-in-lending, electronic fund transfer and flood insurance regulations were among the top consumer regulatory abuses reported by bank in 2025, the federal bank deposit insurance agency said Wednesday. In its semi-annual report on consumer compliance supervision for last [...]
Bank trading revenue at $14.9 billion in Q4 2025, OCC says; down from Q3 and from year ago

April 1, 2026 0

U.S. commercial banks had $14.9 billion in cumulative trading revenue in the fourth quarter of 2025 – down $2.9 billion, or 16.3%, from the previous quarter and $680 million, or 4%, from a year earlier, the Office of the Comptroller [...]
4 banks rated ‘outstanding’ for CRA, OCC says; other 14 are ‘satisfactory’

April 1, 2026 0

Four of the 18 banks that received Community Reinvestment Act (CRA) evaluation ratings in March from the national bank regulator were deemed “outstanding,” with the remaining 14 rated “satisfactory,” according to information released Wednesday. The four “outstanding” ratings under the [...]
Two former credit union workers prohibited after convictions for fraud, theft

April 1, 2026 0

Theft and bank fraud convictions has led to the prohibition of two former credit union workers, the federal agency announced Tuesday. The National Credit Union Administration (NCUA) said Jacqueline Burns, former employee of Galveston Government Employees Credit Union in La [...]