19jan3 – Regulatory Report

What's up

[ May 12, 2021 ] House next, final stop for resolution repealing OCC’s ‘true lender’ rule OCC
[ May 12, 2021 ] Cybersecurity webinar slated May 26 by NCUA, CISA NCUA
[ May 12, 2021 ] OK mortgage banker pleads guilty to defrauding two local banks, Fannie Mae FDIC
[ May 12, 2021 ] Webinar looks at eligibility among credit unions for use of $13.5 million CDFI Fund NCUA
[ May 11, 2021 ] New acting comptroller hints at upcoming review of ‘key regulatory standards’ OCC

‘Modernizing’ rules to implement CRA tops comptroller’s priorities for new year

January 3, 2019 0

“Modernizing” the regulatory approach to evaluating bank and thrift performance under anti-redlining laws, with the aim to “encourage more lending and investment where they are needed most,” is at the top of priorities listed by […]

3 ‘outstanding,’ 28 ‘satisfactory’ CRA ratings for banks unveiled by OCC

January 3, 2019 0

No bank that received a Community Reinvestment Act (CRA) compliance rating from the nation’s top banking regulator in December was rated lower than “satisfactory,” according to a list released Thursday. The Office of the Comptroller […]

House next, final stop for resolution repealing OCC’s ‘true lender’ rule

May 12, 2021 0

The House is expected to pass legislation that would repeal the controversial “true lender” rule adopted last fall by the federal regulator of national banks, joining the Senate which adopted the legislation Tuesday. In a 52-47, bipartisan vote, the Senate [...]
Cybersecurity webinar slated May 26 by NCUA, CISA

May 12, 2021 0

The federal regulator of credit unions and a federal agency charged with providing advise on cyber risks and related matters will team up May 26 for a webinar for credit unions on preventing and addressing cyberattacks, according to a release [...]
OK mortgage banker pleads guilty to defrauding two local banks, Fannie Mae

May 12, 2021 0

A former mortgage banker from Oklahoma pleaded guilty Tuesday in federal court to defrauding two local banks, mortgage giant Fannie Mae and others through an allegedly broad range of fraudulent conduct over three years, the federal insurer of bank deposits [...]
Webinar looks at eligibility among credit unions for use of $13.5 million CDFI Fund

May 12, 2021 0

The small-dollar loan program related to credit unions of the Treasury’s Community Development Financial Institution (CDFI) Fund is the subject of a webinar planned for May 27 by the CDFI and the federal credit union regulator. In a release, the [...]