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What's up
  • [ September 4, 2026 ] Targeting order for currency transaction reporting by MSBs along Southwest Border renewed Other
  • [ September 4, 2026 ] FinCEN issues alert, seeks FI vigilance against digital asset investment scams Other
  • [ September 4, 2026 ] Economic activity rose in August, but ‘heightened uncertainty’ linked to energy prices, Iran war persists The Fed
  • [ September 3, 2026 ] Public banks’ annual financial disclosures should be reviewed by SEC, GAO decides; SEC says ‘not it’ FDIC
  • [ September 3, 2026 ] Info on ‘suspicious activity’ reports may be shared – but not specific reference to reports, agencies declare FDIC
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The Fed

Banks report tighter loan standards in second quarter for C&I, household borrowing – a 15-year high

August 3, 2020 0

Standards and terms were tightened on commercial and industrial (C&I) loans, as were those for loans to households, during the second quarter, according to a survey of senior bank loan officers released Monday. The opinion […]

Other

FinCEN’s new FAQs on customer due diligence focus on ID, risk rating, risk monitoring

August 3, 2020 0

Three new frequently asked questions (FAQs) published Monday by the Financial Crimes Enforcement Network (FinCEN) regarding financial institutions’ customer due diligence (CDD) obligations under Bank Secrecy Act/anti-money laundering (BSA/AML) rules focus on obtaining customer information, […]

FDIC

Colorado man pleads guilty to stealing nearly $32 million through identity theft, fake loans

August 3, 2020 0

A Boulder, Colo., man pleaded guilty late last week to a nearly $32 million bank fraud scheme involving identity theft and fake residential mortgage loans that he sold to a Texas bank, federal law enforcement […]

CFPB

Bureau blog post notes that ECOA, Reg B allow targeted focus on special needs, economically disadvantaged groups

August 3, 2020 0

Lenders are reminded that the Equal Credit Opportunity Act (ECOA) and Regulation B have provisions that allow lenders to implement special purpose credit programs (SPCPs) to meet special social needs and benefit economically disadvantaged groups, […]

NCUA

Regulator urges more credit unions to complete diversity self-assessment

August 3, 2020 0

More credit unions are being urged by their federal regulator to complete the Annual Voluntary Credit Union Diversity Self-Assessment as a “small step” toward real changes in social justice, according to a letter from the […]

FDIC

UPDATED: MD banker pleads guilty to complex fraud scheme

August 3, 2020 0

A former Maryland bank CEO has pleaded guilty to federal bank fraud, bribery and other charges late last week for the alleged straw purchase of a home that the bank had already foreclosed on, according […]

Today

  • Targeting order for currency transaction reporting by MSBs along Southwest Border renewed

    September 4, 2026 0
    A geographic targeting order (GTO) requiring money services businesses (MSBs) along the Southwest Border to file additional currency transaction reports (CTRs) was renewed and accompanied by updates to frequently asked questions. The order, issued by Treasury’s Financial Crimes Enforcement Network [...]
  • 2 banks rated ‘needs to improve,’ 2 ‘outstanding’ in FDIC’s latest CRA ratings list

    September 4, 2026 0
    Of the 37 banks that received evaluation ratings under the anti-redlining Community Reinvestment Act (CRA) in June, two were rated “needs to improve” and two were deemed “outstanding,” their federal regulator said. The Federal Deposit Insurance Corp. (FDIC) list shows [...]
  • FinCEN issues alert, seeks FI vigilance against digital asset investment scams

    September 4, 2026 0
    Financial institutions are urged to be vigilant against digital asset investment scams perpetrated by overseas scam centers in a recent alert from Treasury’s financial crimes enforcement arm. The Financial Crimes Enforcement Network (FinCEN), in a release Thursday, pointed to a [...]
  • Economic activity rose in August, but ‘heightened uncertainty’ linked to energy prices, Iran war persists

    September 4, 2026 0
    Economic activity increased, slightly to moderately, in 10 to 12 Federal Reserve districts since early July through August, the agency said Wednesday in its latest semi-monthly report on economic conditions. However, the Beige Book also noted, although the general economic [...]
  • Public banks’ annual financial disclosures should be reviewed by SEC, GAO decides; SEC says ‘not it’

    September 3, 2026 0
    Authority to review some banks’ annual financial disclosures should be reassessed, perhaps shifted to the federal agency that oversees security markets, the congressional watchdog recommended in a report issued Thursday. The security market oversight agency, the Securities and Exchange Commission [...]
  • Info on ‘suspicious activity’ reports may be shared – but not specific reference to reports, agencies declare

    September 3, 2026 0
    Banks and credit unions are not barred from sharing information contained on anti-money laundering reports about potentially fraudulent or other suspicious transactions with other financial institutions or customers if the existence of the report is not revealed, federal agencies said [...]
  • FDIC allows more banks to except some reciprocal deposits from brokered deposits reporting, raises cap

    September 3, 2026 0
    An interim final rule in effect now and out for comment until Oct. 1 qualifies more institutions to use a limited exemption – now also expanded – that permits excepting a portion of reciprocal deposits from brokered deposits reporting. Issued [...]
  • 7 banks graded ‘outstanding’ for CRA by OCC

    September 3, 2026 0
    Seven of the 23 banks whose Community Reinvestment Act (CRA) ratings became public in August were rated “outstanding,” with the remaining 16 rated “satisfactory,” according to data released by the national bank regulator. The August list, released Tuesday by the [...]
  • $2.4 million Kansas City credit union merged after 2-month conservatorship

    September 1, 2026 0
    The conservatorship of WeDevelopment Federal Credit Union of Kansas City, Mo., ended with the credit union merged into CommunityAmerica Federal Credit Union, Lenexa, Kan., according to a release Tuesday. The National Credit Union Administration (NCUA) placed WeDevelopment Federal Credit Union [...]

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