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What's up
  • [ May 30, 2025 ] Three former bank workers slapped with prohibitions after alleged fraud, exploiting elders FDIC
  • [ May 30, 2025 ] NCUA bars former CA credit union employee; terminates a cease-and-desist order NCUA
  • [ May 30, 2025 ] FDIC: 359 banks slated for CRA evaluations in second half of 2025 FDIC
  • [ May 29, 2025 ] Powell and Trump meet, Fed says in first such disclosure for 2025 The Fed
  • [ May 29, 2025 ] Fed governor draws line between decline of U.S. financial assets as ‘safe haven’ and financial stability The Fed
Home20april28

20april28

COVID-19 actions

FinCEN highlights 2 FAQs from SBA regarding BSA compliance for Paycheck Protection Program lenders

April 28, 2020 0

Two frequently asked questions about Bank Secrecy Act (BSA) compliance requirements of lenders participating in the Small Business Administration’s (SBA) Paycheck Protection Program (PPP), created to help small businesses manage through the coronavirus crisis, were […]

OCC

While not mandated, banks urged to document PPP loan decisions (with CRA credit possible)

April 28, 2020 0

Banks making loans under the Paycheck Protection Program (PPP) are urged to “prudently document” their decisions for the loans – if nothing else, to help the banks qualify for credit under anti-redlining rules, the regulator […]

COVID-19 actions

Agency outlines rule changes to accommodate PPP loans from credit unions

April 28, 2020 0

Changes to various lending and risk-based capital requirements at credit unions under various emergency programs developed to combat the financial impact of the coronavirus crisis are outlined and summarized in a letter from the federal […]

FDIC

TN banks urged to ease terms, restructure loans in wake of storm damage

April 28, 2020 0

Restructuring existing loans, extending repayment terms, or easing terms for new loans using sound banking practices are among techniques recommended for Tennessee banks by the Federal Deposit Insurance Corp. (FDIC) as the banks respond to […]

COVID-19 actions

Fed opens the door wider to more counties, states for participation in municipal funding facility

April 27, 2020 0

More counties and cities will be eligible to participate in a facility meant to buy up municipal debt – and for a longer time, the Federal Reserve said Monday. In a release, the Fed said […]

Today

  • Three former bank workers slapped with prohibitions after alleged fraud, exploiting elders

    May 30, 2025 0
    Three bank workers were prohibited from further employment by financial institutions under orders issued in April by the federal bank deposit insurance agency, it said Friday. According to the Federal Deposit Insurance Corp. (FDIC), those prohibited were: Maggie Kay Schaefer, [...]
  • NCUA bars former CA credit union employee; terminates a cease-and-desist order

    May 30, 2025 0
    A former employee of Antioch Community Federal Credit Union (Antioch, Calif.) was barred from any future service in a federally insured financial institution due to a May 2024 conviction of embezzlement and other charges, the National Credit Union Administration (NCUA) [...]
  • FDIC: 359 banks slated for CRA evaluations in second half of 2025

    May 30, 2025 0
    The federal bank deposit insurer is slated to evaluate 359 banks under the federal anti-redlining statute, the Community Reinvestment Act (CRA), over the third and fourth quarters of this year, the agency’s published schedules show. The Federal Deposit Insurance Corp. [...]
  • Powell and Trump meet, Fed says in first such disclosure for 2025

    May 29, 2025 0
    What appears to have been the first one-on-one meeting this year between the Federal Reserve Board chairman and the U.S. president took place Thursday at the White House, according to information released by the Fed. The Federal Reserve issued a [...]
  • Fed governor draws line between decline of U.S. financial assets as ‘safe haven’ and financial stability

    May 29, 2025 0
    How possible changes in the role of U.S. financial assets as a “safe haven” might affect financial stability both domestically and internationally is “crucial to examine,” a Federal Reserve governor said Thursday. Fed Gov. Adriana D. Kugler, in opening remarks [...]

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