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[ June 1, 2020 ] New, acting comptroller enters coronavirus political fray, urging state, local officials to consider impact of ‘lockdowns’ on banking system COVID-19 actions
[ June 1, 2020 ] McWilliams welcomes OCC acting comptroller Brooks to FDIC Board FDIC
[ June 1, 2020 ] Watchdog secured 27 convictions through 55 investigations; collected $3 billion-plus in fines and more, report notes FDIC
[ June 1, 2020 ] Credit union regulator slaps three with prohibitions NCUA
[ June 1, 2020 ] First credit union of 2020 fails; third of year (so far) for federally insured financial institutions FDIC

New, acting comptroller enters coronavirus political fray, urging state, local officials to consider impact of ‘lockdowns’ on banking system

June 1, 2020 0

The “stability and orderly functioning of the financial system” is potentially threatened by local orders of mayors and governors, the acting top federal regulator of national banks said Monday. In letters to groups representing state and local governments, Acting Comptroller [...]
McWilliams welcomes OCC acting comptroller Brooks to FDIC Board

June 1, 2020 0

The head of the Federal Deposit Insurance Corp. (FDIC) on Monday issued a statement welcoming the acting head of the Office of the Comptroller of the Currency (OCC) to the FDIC Board, noting she looked forward to working with him [...]
Watchdog secured 27 convictions through 55 investigations; collected $3 billion-plus in fines and more, report notes

June 1, 2020 0

Of the 55 investigations opened by the federal insurer of bank deposits’ watchdog, 27 resulted in convictions – and others resulted in fines and restitution of more than $3 billion, the agency said in its report for Oct. 1, 2019, [...]
Credit union regulator slaps three with prohibitions

June 1, 2020 0

Two individuals were prohibited from service at credit unions or other federally insured financial institutions after being sentenced for financial crimes, and a third agreed to a prohibition order after an investigation revealed a theft. The National Credit Union Administration [...]
First credit union of 2020 fails; third of year (so far) for federally insured financial institutions

June 1, 2020 0

The first credit union failure in 2020 was announced Friday by the federal credit union regulator – and the third federally insured financial institution to fail this year so far – as the agency took action to shutter a $7.7 [...]