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What's up
  • [ November 4, 2026 ] Supervisory framework issued for examiners to use in evaluating bank use of AI OCC
  • [ October 30, 2026 ] Kansas bank ordered to pay $2.5 million penalty for not maintaining anti-money laundering program FDIC
  • [ October 30, 2026 ] Deposit insurer wants to rescind rule calling for detailed records, coverage calculations within 24 hours of failure FDIC
  • [ October 30, 2026 ] Two credit unions chartered by federal agency – first pair in 2026—to provide business loans, consumer services NCUA
  • [ October 30, 2026 ] 2 former TX, IL credit union employees barred by NCUA NCUA
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20dec02

FDIC

FDIC OIG lists convictions, prosecutions, $15.7 million collected in semiannual report

December 2, 2020 0

Convictions reached on multiple counts of bank fraud, guilty pleas by bank executives for stealing from their institutions, and recoveries from individuals who stole from a fund meant to help businesses pay their workers during […]

The Fed

Amid modest economic expansion, ‘optimism has waned,’ latest Beige Book reports

December 2, 2020 0

Economic expansion was no better than modest over the last several weeks, and “optimism has waned” among some business owners and leaders for robust economic growth going into the new year as the coronavirus crisis […]

OCC

OCC names three to take deputy comptroller posts by year-end

December 2, 2020 0

The federal agency that charters and supervises national banks and federal savings associations on Wednesday named three individuals who will, by year-end, transition to deputy comptroller posts for the Western District, for midsize bank supervision, […]

NCUA

Senate, in bipartisan vote, confirms Hauptman to NCUA Board; nears action on Waller for Fed Board

December 2, 2020 0

The president’s nomination of Kyle Hauptman to a seat on the board of the federal agency that regulates credit unions was confirmed by the Senate Wednesday on a bipartisan vote of 56-39, clearing the way […]

CFPB

Debt settlement, relief firm sued for abusive acts, practices

December 2, 2020 0

A Beverly, Mass., debt-settlement and relief firm has violated telemarketing regulations by engaging in abusive and deceptive acts, the federal consumer financial protection agency charged in a lawsuit filed Monday. According to the Consumer Financial […]

CFPB

Bureau issues new ‘no-action letter’ for online lending platform

December 2, 2020 0

An automated model for underwriting and pricing applicants for unsecured, closed-end loans has earned a “no-action letter” (NAL) for a California-based firm that provides an online lending platform, the Consumer Financial Protection Bureau (CFPB) said […]

CFPB

Bureau names five – including new COO – to key management positions

December 2, 2020 0

Five new members were added to the federal consumer financial protection agency’s management team Monday, including a new chief operating officer, the agency announced. In a release, the Consumer Financial Protection Bureau (CFPB) said it […]

Today

  • Supervisory framework issued for examiners to use in evaluating bank use of AI

    November 4, 2026 0
    Evaluating banks’ use of Super Intelligence (SI, more commonly known as “artificial intelligence” (AI)) in “normal-course business activities” by examiners is the aim of a supervisory framework issued Wednesday by the national bank regulator. The Office of the Comptroller of [...]
  • Kansas bank ordered to pay $2.5 million penalty for not maintaining anti-money laundering program

    October 30, 2026 0
    A Kansas bank must pay a $2.5 million civil money penalty (CMP) for its failure to maintain an effective anti-money laundering (AML) program, the federal bank deposit insurer said Friday. According to the Federal Deposit Insurance Corp. (FDIC), CBW Bank [...]
  • Deposit insurer wants to rescind rule calling for detailed records, coverage calculations within 24 hours of failure

    October 30, 2026 0
    A rule would be rescinded that requires banks with $2 million or more in deposits maintain detailed records and calculate deposit insurance coverage within 24 hours of a bank’s failure, under a proposal the federal bank deposit insurance agency issued [...]
  • Two credit unions chartered by federal agency – first pair in 2026—to provide business loans, consumer services

    October 30, 2026 0
    Two new credit union charters – the first such so far in 2026 – were announced Friday by the federal regulator, with the new cooperatives serving memberships on different sides of the country. The National Credit Union Administration (NCUA) said [...]
  • 2 former TX, IL credit union employees barred by NCUA

    October 30, 2026 0
    Two former employees of credit unions — one in Texas, the other in Illinois — are barred from any future service in federally insured depository institutions under prohibition orders announced Friday by the National Credit Union Administration (NCUA). The two [...]

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