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What's up
  • [ July 1, 2025 ] NCUA shutters small IL credit union after 12-day conservatorship; third to close in two weeks NCUA
  • [ July 1, 2025 ] Seven banks – including Bank of China branches – earn top ratings for CRA compliance OCC
  • [ June 30, 2025 ] Fed: 2025 stress test shows banks ‘well positioned’ to withstand severe recession The Fed
  • [ June 30, 2025 ] Risk on rise for banks in three key areas, OCC reports, as economic uncertainty increases OCC
  • [ June 30, 2025 ] Citing imminent insolvency, credit union regulator closes doors of OH cooperative; members, accounts transferred to another NCUA
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19may02

The Fed

Former Lubbock, Texas banker prohibited from financial institutions

May 2, 2019 0

A former executive at Centennial Bank in Lubbock, Texas, is now prohibited from participating in the affairs of a federally insured financial institution under a consent agreement made public Thursday by the Federal Reserve. The […]

The Fed

Fed conference focuses on research about challenges faced by low- moderate-income families, threats to economic security to middle class

May 2, 2019 0

The latest research on challenges faced by low- and moderate-income families when moving into the middle class, as well as threats to the economic security of middle-class households, will be featured at the Federal Reserve’s […]

Seminar
OCC

OCC slates workshops in KY June 4 and 5 on credit, compliance risk

May 2, 2019 0

Two workshops focusing on credit risk and compliance risk are slated June 4 and 5 in Kentucky for directors of national banks and federal savings associations (FSAs) supervised by the Office of the Comptroller of […]

Other

Treasury’s foreign sanctions unit publishes framework for compliance

May 2, 2019 0

A framework for compliance with U.S. economic and trade sanctions programs that emphasizes a risk-based approach to formal compliance programs – along with a look at “root causes” of compliance breakdowns, which can draw hefty […]

CFPB

Bureau proposes higher thresholds for HMDA data reporting; wants input also on costs, benefits of gathering certain data points

May 2, 2019 0

Raising the coverage thresholds for collecting and reporting data about closed-end mortgage loans and open-end lines of credit under federal disclosure rules was proposed Thursday by the Consumer Financial Protection Bureau (CFPB). In a release, […]

CFPB

Fact sheet attempts to clear ambiguity over TRID disclosures with mortgage assumptions

May 2, 2019 0

A fact sheet addressing whether a “Loan Estimate and Closing Disclosure” is required under federal truth-in-lending and settlement procedures disclosures when a mortgage is assumed was published Wednesday by the federal consumer financial protection agency. […]

Today

  • NCUA shutters small IL credit union after 12-day conservatorship; third to close in two weeks

    July 1, 2025 0
    A tiny credit union that was placed into conservatorship June 18 was closed by its federal regulator July 1, the agency said in a release that alleged violations of federal law and rules. It is the third credit union the [...]
  • Seven banks – including Bank of China branches – earn top ratings for CRA compliance

    July 1, 2025 0
    Seven banks – including two branches of the Bank of China – received the highest ratings for compliance with rules implementing anti-redlining laws, according to scores released Tuesday by the national bank regulator. The ratings for compliance with Community Reinvestment [...]
  • Fed: 2025 stress test shows banks ‘well positioned’ to withstand severe recession

    June 30, 2025 0
    The 22 large banks subjected to the Federal Reserve Board’s 2025 stress test reportedly are “well positioned” to withstand a hypothetical, severe recession while remaining above their minimum capital requirements and continuing to lend to households and businesses, the Fed [...]
  • Risk on rise for banks in three key areas, OCC reports, as economic uncertainty increases

    June 30, 2025 0
    Economic uncertainty has increased as consumer sentiment, geopolitical risk, sustained higher interest rates, and downward movement in some macroeconomic indicators have all had their impact on threats to the banking system, the national bank regulator said Monday. In its Semiannual [...]
  • Citing imminent insolvency, credit union regulator closes doors of OH cooperative; members, accounts transferred to another

    June 30, 2025 0
    A Middletown, Ohio, credit union has been closed and its members and their accounts moved to a Cincinnati, Ohio, credit union, the federal regulator said Monday. Butler Heritage Federal Credit Union (FCU) of Middletown was liquidated by the National Credit [...]
  • 2 former credit union employees barred from future work in insured FIs

    June 30, 2025 0
    A former employee of a Kansas credit union and one from a credit union in Pennsylvania are barred from participating in the affairs of any federally insured depository institution, the federal credit union regulator said Monday. The National Credit Union [...]
  • Texas bank became second to fail so far this year

    June 30, 2025 0
    A Santa Anna, Texas, bank was closed late Friday by the national bank regulator, becoming the second bank to fail so far this year. Santa Anna National Bank was closed by the Office of the Comptroller of the Currency (OCC), [...]

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