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What's up
  • [ March 5, 2026 ] Tokenized security should receive same capital treatment as non-tokenized form, agencies clarify FDIC
  • [ March 5, 2026 ] Fed drops 2018 Wells Fargo enforcement order, asserting that bank ‘met all required conditions’ The Fed
  • [ March 5, 2026 ] 5 banks rated ‘outstanding,’ 2 ‘needs to improve’ for CRA compliance, FDIC reports FDIC
  • [ March 4, 2026 ] Economic activity up slightly, but more areas report declines; consumer spending ‘dampened by uncertainty’ The Fed
  • [ March 3, 2026 ] NCUA’s final round of EGRPRA reg review covers corporate credit unions, BSA/AML, more NCUA
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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

  • Tokenized security should receive same capital treatment as non-tokenized form, agencies clarify

    March 5, 2026 0
    An eligible tokenized security should generally receive the same capital treatment as the non-tokenized form of the security under the capital rule under answers to frequently asked questions (FAQs) issued by the federal banking regulators Thursday. The agency said the [...]
  • Fed drops 2018 Wells Fargo enforcement order, asserting that bank ‘met all required conditions’

    March 5, 2026 0
    Wells Fargo is relieved of the remainder of a 2018 enforcement order from the Federal Reserve that, among other things, limited the bank’s growth and mandated removal of some of its board members, the agency said Thursday. In a release, [...]
  • 5 banks rated ‘outstanding,’ 2 ‘needs to improve’ for CRA compliance, FDIC reports

    March 5, 2026 0
    The 59 banks that received their evaluation ratings under the anti-redlining Community Reinvestment Act (CRA) in December included five that were rated “outstanding” and two “needs to improve,” according to information released Thursday by the Federal Deposit Insurance Corp. (FDIC). [...]
  • Economic activity up slightly, but more areas report declines; consumer spending ‘dampened by uncertainty’

    March 4, 2026 0
    While economic activity increased slightly in seven of 12 Federal Reserve Districts in the last month, it fell or was flat in the remaining five – up from four in the previous reporting period, the agency said Wednesday. In its [...]

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