19apr25 – Regulatory Report

What's up

[ May 4, 2026 ] 6 of 21 banks getting CRA ratings were deemed ‘outstanding’ OCC
[ May 4, 2026 ] Latest credit union to close was in conservatorship since January NCUA
[ May 4, 2026 ] Closed Georgia bank held substantial sum of uninsured deposits, agency indicates FDIC
[ May 4, 2026 ] Six banks earn ‘outstanding’ ratings for CRA rules compliance OCC
[ April 27, 2026 ] UPDATED: OCC asserts preemption of disputed Illinois interchange fee law OCC

CFPB, in RFI, seeks input on remittance rule coverage, temporary disclosures exception

April 25, 2019 0

How to mitigate the impact on remittance providers of next year’s expiration of a remittance rule disclosure exception, and just what firms are subject to the rule itself, is the focus of a Consumer Financial […]

Branch of Tokyo-based Sumitomo Mitsui bank latest to face BSA/AML enforcement action

April 25, 2019 0

Another foreign bank operating in the U.S. has found itself at odds with the country’s anti-money laundering regulations and is now subject to an enforcement action, the Federal Reserve said Thursday. Sumitomo Mitsui Banking Corporation […]

6 of 21 banks getting CRA ratings were deemed ‘outstanding’

May 4, 2026 0

Six banks were deemed “outstanding” under the anti-redlining Community Reinvesment Act (CRA), and 15 were “satisfactory,” according to the latest list of rating released by the national bank regulator. The ratings for this batch of banks became public in April, [...]
Latest credit union to close was in conservatorship since January

May 4, 2026 0

People Trust Community Federal Credit Union of North Little Rock, Ark., was closed after about a three-month conservatorship by its federal regulator, becoming the second federally insured credit union closed in 2026. The National Credit Union Administration (NCUA), placed the [...]
Closed Georgia bank held substantial sum of uninsured deposits, agency indicates

May 4, 2026 0

No reason for the closure of a Georgia bank on Friday was released by the federal bank deposit insurance agency, except to note that the bank held a substantial sum (relative to its total deposits) in uninsured deposits, according to [...]
Six banks earn ‘outstanding’ ratings for CRA rules compliance

May 4, 2026 0

Six banks earned ratings of “outstanding” – out of 21 banks evaluated — for their compliance with rules implementing anti-redlining laws, according to April performance evaluations released Monday by the national bank regulator. The remaining 15 banks earned ratings of [...]
UPDATED: OCC asserts preemption of disputed Illinois interchange fee law

April 27, 2026 0

Updated to provide deadline for comments. Two interim final actions aimed at preempting an Illinois statute governing non-interest charges and fees, including interchange fees on the tax and tip portion of credit card transactions, were issued by the national bank [...]