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What's up
  • [ November 21, 2025 ] Former Wells banker wins reprieve from order resulting from sales practice misconduct case OCC
  • [ November 21, 2025 ] FDIC Board to take up leverage ratio, loss-absorbing capacity rules Tuesday; BIF ratio, official sign rule delay also slated FDIC
  • [ November 21, 2025 ] More time made available to comment on stress test model, transparency, accountability The Fed
  • [ November 19, 2025 ] White House offers OMB staffer, with focus on environment, to become consumer bureau director CFPB
  • [ November 19, 2025 ] Regulator takes control of small PA credit union, citing unsafe, unsound practices NCUA
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CFPB

Guidance aims to clear up ‘weakness’ in transfers of mortgage loans by servicers

April 24, 2020 0

Guidance for servicers of residential mortgage loans on transfers of the loans – apparently a long-time bugaboo of the federal consumer financial protection agency – was outlined late Friday by the agency. According to the […]

COVID-19 actions

Bulletin: OCC alone has ‘visitorial’ authority over national banks involved in federal COVID-19 programs

April 24, 2020 0

The regulator of national banks on Friday issued a bulletin to supervised institutions underscoring the federal regulator’s “exclusive visitorial authority” over the institutions, including with respect to their involvement in federal COVID-19 (coronavirus) financial support […]

FDIC

March FDIC orders include two civil money penalties totaling $90k

April 24, 2020 0

Civil money penalties (CMPs) against two bank-affiliated individuals, related to findings of unsafe or unsound practices and breaches of fiduciary duty, are among the 13 administrative (enforcement) actions taken in March and disclosed Friday by […]

COVID-19 actions

Fed drops Reg D ‘six-per-month’ limit on savings account transfers, withdrawals to make cash more accessible

April 24, 2020 0

Banks and other depository institutions may allow their customers to make an unlimited number of convenient transfers and withdrawals from savings accounts following action by the Federal Reserve Friday. In a release, the Fed said […]

COVID-19 actions

More SBA-qualified lenders will be made eligible for PPP liquidity facility, Fed announces

April 23, 2020 0

Efforts are underway at the Federal Reserve to provide more Small Business Administration-qualified lenders access to a Federal Reserve facility created to support the SBA’s Paycheck Protection Program “as soon as possible,” the Fed said […]

COVID-19 actions

Fed moves to make primary, secondary credit more readily available amid COVID-19

April 23, 2020 0

The Federal Reserve Board on Thursday announced temporary actions to make intraday credit more readily available – on a collateralized and an uncollateralized basis – to financial institutions experiencing disruptions from the coronavirus (COVID-19) pandemic. […]

Today

  • Former Wells banker wins reprieve from order resulting from sales practice misconduct case

    November 21, 2025 0
    A former Wells Fargo Bank executive has won a reprieve from a national bank regulator order earlier this year that would barred her from further financial institution service and assessed a multi-million dollar fine, the agency said Thursday. Claudia Russ [...]
  • FDIC Board to take up leverage ratio, loss-absorbing capacity rules Tuesday; BIF ratio, official sign rule delay also slated

    November 21, 2025 0
    Proposed revisions to the community bank leverage ratio and a final rule on the same for the largest banks – in addition to loss-absorbing capacity – are slated for action Tuesday by the Federal Deposit Insurance Corp. (FDIC) Board. The [...]
  • More time made available to comment on stress test model, transparency, accountability

    November 21, 2025 0
    Need more time to comment on the stress test model and scenario transparency and accountability improvement proposal by the Federal Reserve? You’ve got it: until Feb. 21, a whole additional month. The Fed announced the comment extension Friday. It said [...]
  • White House offers OMB staffer, with focus on environment, to become consumer bureau director

    November 19, 2025 0
    The next leader for the federal consumer financial protection agency would be a staff member of the White House budget office – who has focused on environmental issues — if the Senate confirms the nomination, which it received Tuesday. According [...]
  • Regulator takes control of small PA credit union, citing unsafe, unsound practices

    November 19, 2025 0
    A small Pennsylvania credit union was placed into conservatorship by its federal regulator late Tuesday, which cited “unsafe and unsound practices,” the agency said. Copper & Glass Federal Credit Union in Glassport, Pa. – which has 1,255 members and assets [...]
  • Fed’s Barr warns of ‘real dangers’ from weakened bank supervision

    November 18, 2025 0
    Growing pressures to weaken bank supervision – to scale back bank examiner coverage, dilute ratings systems, and redefine “unsafe and unsound” – present “real dangers” to the American people, Federal Reserve Board Gov. Michael Barr said Tuesday. Speaking in Washington [...]
  • New ‘sharpened’ focus for Fed examiners released, signifying ‘a significant shift’ from past practices

    November 18, 2025 0
    Examiners will focus on material financial risks threatening safety and soundness of the banks they review and on taking “timely, proportionate action” to ensure the risks are “properly addressed,” the Federal Reserve said Tuesday in releasing its revamped supervisory operating [...]
  • Bank may pay ‘gas fees’ on blockchain networks, agency confirms in letter

    November 18, 2025 0
    So-called “gas fees” – or network fees – may be paid on blockchain networks, the national bank regulator said Tuesday in an interpretive letter, to facilitate “otherwise permissible activities.” The Office of the Comptroller of the Currency (OCC) said national [...]

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