19feb19 – Regulatory Report

What's up

[ May 7, 2026 ] New AI products on market present possible risks, benefits agency advises in latest ‘Risk Perspective’ OCC
[ May 7, 2026 ] Regulator takes control of Jackson, Miss., credit union citing ‘unsafe, unsound practices’ NCUA
[ May 6, 2026 ] In latest ‘deregulation,’ credit union regulator proposes to match banks on prohibition thresholds for management interlocks NCUA
[ May 5, 2026 ] Loan demand remains flat in most cases, as lending standards stay tight, survey finds The Fed
[ May 5, 2026 ] Latest CRA rating list shows banks doing well in complying with anti-redlining rules FDIC

Spending bill forces consumer bureau to notify committees of funding transfer requests from Federal Reserve

February 19, 2019 0

The consumer financial protection agency is required to give a heads-up to select congressional committees when making a request for transfer of funds from the Federal Reserve under legislation signed by the president late last […]

USAA FSB, accused currency manipulator among targets of OCC orders

February 19, 2019 0

A consent cease-and-desist order with USAA Federal Savings Bank (San Antonio, Texas), a civil money penalty against a former Oklahoma banker, and a prohibition order against a former banker indicted in a currency manipulation case […]

New AI products on market present possible risks, benefits agency advises in latest ‘Risk Perspective’

May 7, 2026 0

A sound understanding of artificial intelligence (AI) possible risks — and benefits — that can assist with cybersecurity functions are among the top threats and opportunities facing banks, according to a report issued by the national bank regulator Thursday. In [...]
Regulator takes control of Jackson, Miss., credit union citing ‘unsafe, unsound practices’

May 7, 2026 0

“Unsafe and unsound practices” at a $162 million-in-assets Jackson, Miss., credit union led to its conservatorship by the federal regulator, the agency said late Wednesday. Jackson Area Federal Credit Union (FCU) counts 15,500-plus members, the National Credit Union Administration (NCUA) [...]
In latest ‘deregulation,’ credit union regulator proposes to match banks on prohibition thresholds for management interlocks

May 6, 2026 0

The major assets prohibition threshold for credit union management interlocks would be raised to $10 billion – a four-fold increase from the current threshold of $2.5 billion, and matching that of bank regulations – under the latest “deregulation” proposal issued [...]
Loan demand remains flat in most cases, as lending standards stay tight, survey finds

May 5, 2026 0

There was no uptick in demand for most loans, and lending standards remained tight, in the first quarter according to survey results released Monday by the Federal Reserve. The agency said results of its April 2026 Senior Loan Officer Opinion [...]
Latest CRA rating list shows banks doing well in complying with anti-redlining rules

May 5, 2026 0

Eight banks, out of 46 total, earned “outstanding” ratings from the federal bank deposit insurance agency for their compliance with rules implementing anti-redlining laws, the agency said Tuesday. The ratings, the Federal Deposit Insurance Corp. (FDIC) said, were for banks [...]