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What's up
  • [ October 1, 2026 ] Agency finally closes down troubled credit union after embezzlement charges; Alabama CU assumes members, savings, some assets NCUA
  • [ October 1, 2026 ] FDIC ends independent monitor brought on to ensure ‘workplace culture’ reforms after sexual harassment claims FDIC
  • [ October 1, 2026 ] ‘Living wills’ feedback letters published for 15 banking orgs; OCC votes against releasing one plan FDIC
  • [ October 1, 2026 ] Failed California bank will cost bank insurance fund $114 million FDIC
  • [ September 25, 2026 ] Former teller leader prohibited for allegedly misappropriating nearly a quarter million dollars from cash dispenser machines The Fed
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18oct23

The Fed

Clarida hit ground running at the Fed, with 8 actions to date

October 23, 2018 0

Federal Reserve Board Vice Chairman Richard Clarida, the newest governor on the board, had about one day to settle in before he was voting with his fellow members on bank applications, proposed rules and policy. […]

OCC

OCC hits Capital One with $100 million civil money penalty over BSA/AML violations

October 23, 2018 0

A $100 million civil money penalty (CMP) was assessed against Capital One, N.A., and Capital One Bank (USA), N.A., both in Virginia, by the Office of the Comptroller of the Currency (OCC) this month due […]

FDIC

Rates of ‘unbanked, underbanked’ households fell in 2017, report states; mobile banking increase ‘striking’

October 23, 2018 0

Households that are “unbanked” represent 6.5% of all those in the country, the federal insurer of bank deposits reported Tuesday – the third straight period, it said, the percentage has declined. At the same time, […]

The Fed

Fed bars former Iowa banker over improper practices in credit origination

October 23, 2018 0

A former banker in Iowa who originated loans in violation of the bank’s policy against conflicts of interest has consented to be barred from future service in a federally insured financial institution, the Federal Reserve […]

FDIC

THIS WEEK: Fed Gov. Clarida speaks; FDIC economic inclusion panel meets; NCUA hosts webinar on FOM; more

October 23, 2018 0

After five weeks on the job, the Federal Reserve Board’s new vice chairman is set to give his first public speech Thursday during an economists’ luncheon in Washington. This week also brings an advisory committee meeting […]

NCUA

Credit union regulator pushes up December board meeting by one week

October 23, 2018 0

The December meeting of the board for the federal credit union regulator has been rescheduled for one week earlier, to Dec. 13, the agency said Tuesday. In a release, the National Credit Union Administration (NCUA) […]

CFPB

Consumer complaints on increase in first half of year, consumer bureau reports; debt collection at top

October 23, 2018 0

Monthly consumer complaints about financial products and services were up an average of more than 9% in the first six months of 2018, compared to the previous year, according to new data released Tuesday by […]

Today

  • Agency finally closes down troubled credit union after embezzlement charges; Alabama CU assumes members, savings, some assets

    October 1, 2026 0
    A troubled Mississippi credit union was closed and its members and savings (shares) were assumed by an Alabama Credit Union, the federal regulator announced late Wednesday. Jackson Area Federal Credit Union (FCU), of Jackson Miss., was closed and its members [...]
  • FDIC ends independent monitor brought on to ensure ‘workplace culture’ reforms after sexual harassment claims

    October 1, 2026 0
    Workplace culture reforms spawned by allegations of sexual harassment at the federal bank deposit insurance agency will no longer be overseen by an independent monitor, the agency said late Wednesday, asserting that the monitor’s work had concluded. The Federal Deposit [...]
  • ‘Living wills’ feedback letters published for 15 banking orgs; OCC votes against releasing one plan

    October 1, 2026 0
    Feedback letters from 15 banking organizations with more than $250 billion in assets on their resolution plans were published Sept. 29 by the Federal Reserve and the Federal Deposit Insurance Corp. (FDIC), the agencies said. However, the Office of the [...]
  • Failed California bank will cost bank insurance fund $114 million

    October 1, 2026 0
    A failed California bank that was closed Sept. 25 is estimated to cost the federal bank deposit insurance fund about $114 million, the insurance fund said agency. The bank reopened Sept. 28 as a branch of a Utah bank as [...]
  • Former teller leader prohibited for allegedly misappropriating nearly a quarter million dollars from cash dispenser machines

    September 25, 2026 0
    Misappropriation of about $246,000 from teller cash dispenser machines has led to the prohibition of a former teller supervisor of a bank in the Maryland suburbs of Washington, D.C., the Federal Reserve said Thursday. According to the agency, Renee Nicole [...]

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