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What's up
  • [ July 17, 2026 ] UPDATED: Proposal reveals weekly, quarterly reporting forms for banks becoming permitted payment stablecoin issuers FDIC
  • [ July 17, 2026 ] OCC updates examiner booklet on allowances for credit losses OCC
  • [ July 16, 2026 ] ‘Enhanced security measures’ keep some exam docs on site, give banks power over what is ‘highly sensitive’ FDIC
  • [ July 16, 2026 ] Appraisal-related misconduct leads to prohibition of former Illinois bank top lending officer The Fed
  • [ July 16, 2026 ] TX bank under C-and-D order over BSA/AML issues; former OH bank employee barred OCC
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COVID-19 actions

Fed opens Paycheck Protection Program Liquidity Facility to non-depositories; purchased PPP loans can be collateral

April 30, 2020 0

The Federal Reserve’s liquidity facility to support lending through the Small Business Administration (SBA) Paycheck Protection Program (PPP) will be available to more lenders and now will also take purchased PPP loans as collateral, the […]

Other

Risks associated with cloud computing target of joint regulators’ statement

April 30, 2020 0

Risk management practices for a financial institution’s safe and sound use of cloud computing services and safeguards to protect customers’ sensitive information from risks that pose potential harm are outlined in an 11-page “statement” issued […]

The Fed

Fed fines Israel bank $37+ million related to facilitating tax evasion; is part of $874 million imposed by Fed, DoJ, NY regulators

April 30, 2020 0

Bank Hapoalim B.M. (BHBM), headquartered in Israel and operating in the United States, was assessed a $37.35 million civil money penalty (CMP) by the Federal Reserve Board Thursday over “unsafe and unsound practices” resulting in […]

COVID-19 actions

Senate Banking chief sent wish list for legislation to deal with crisis from credit union regulator

April 30, 2020 0

Four areas of statutory changes that the federal credit union regulator said would assist its efforts “in light of COVID-19” were outlined in a letter from the agency’s chairman to the chairman of the Senate […]

NCUA

Former PA credit union employee barred by federal regulator

April 30, 2020 0

Tanya Green-Smith, a former employee of Northwood Federal Credit Union in Philadelphia, Pa., was permanently barred from future participation in the affairs of any federally insured financial institution under an order issued April 1 by […]

CFPB

CFPB updates, republishes consumer guide to COVID-19 stimulus relief

April 30, 2020 0

A question-and-answer blog post answering consumers’ questions about relief available to them related to the COVID-19 (coronavirus) pandemic was updated (from the April 10 version) and issued anew Thursday by the Consumer Financial Protection Bureau […]

NCUA

Credit union regulator becomes latest to urge exemption from CECL accounting standard

April 30, 2020 0

The federal credit union regulator became the latest to call for an exemption for the institutions he supervises from new accounting rules requiring estimation of expected losses over the life of loans, known as the […]

COVID-19 actions

Credit unions advised of strategies to use in helping member borrowers facing coronavirus crisis hardship

April 30, 2020 0

Strategies credit unions can use to work with borrowers who experience financial hardship because of the coronavirus crisis are outlined by the federal credit union regulator in a letter to its supervised institutions released Thursday. […]

CFPB

Fact sheets attempt to explain appraisals, their delivery, in mortgage lending

April 30, 2020 0

Two new fact sheets focusing on appraisals and other valuations and their delivery in home mortgage loan applications were released Thursday by the federal consumer financial protection agency, which said the documents were issued in […]

Today

  • UPDATED: Proposal reveals weekly, quarterly reporting forms for banks becoming permitted payment stablecoin issuers

    July 17, 2026 0
    Updated for Federal Register notice and comment deadline. Weekly and quarterly reporting forms that must be completed by permitted payment stablecoin issuers (PPSI) have been proposed by the federal bank deposit insurance agency, it said Friday. The Federal Deposit Insurance [...]
  • OCC updates examiner booklet on allowances for credit losses

    July 17, 2026 0
    An updated Comptroller’s Handbook booklet on allowances for credit losses (ACL) was issued Friday by the national bank regulator, which rescinded previous guidance. The update is version 2.0 of the “Allowances for Credit Losses” booklet  of the handbook, published by [...]
  • ‘Enhanced security measures’ keep some exam docs on site, give banks power over what is ‘highly sensitive’

    July 16, 2026 0
    Reviewing examination materials on the site of the bank exam, rather than transferring the materials onto the examining agency’s systems, is one of the methods outlined in a joint statement issued by regulators Thursday focusing on “enhanced security procedures.” In [...]
  • Appraisal-related misconduct leads to prohibition of former Illinois bank top lending officer

    July 16, 2026 0
    Appraisal-related lending misconduct at an Illinois bank has led to the prohibition of the institution’s former chief lending officer, the Federal Reserve said Thursday. The Fed said James Burns, the former chief lending officer of Heritage Bank in Lawrenceville, Ill., [...]
  • TX bank under C-and-D order over BSA/AML issues; former OH bank employee barred

    July 16, 2026 0
    A Dallas, Texas, bank that converted from state to federal charter this May is under a consent cease-and-desist order over previous findings of “significant deficiencies” related to risk management and compliance with anti-money laundering (AML) rules and laws, including the [...]

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