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What's up
  • [ June 2, 2026 ] OIG reports significant bank fraud convictions, fines over six-month period FDIC
  • [ June 2, 2026 ] CA credit union conserved in January is merged NCUA
  • [ June 2, 2026 ] Agencies continue efforts to remove ‘reputation risk’ as a factor in bank supervision FDIC
  • [ June 1, 2026 ] Bad loans led to ‘significant’ losses, and capital corrosion, in failure of Chicago bank at year’s start NCUA
  • [ June 1, 2026 ] New senior deputy comptroller at OCC for regional, midsize banks OCC
Home20dec21

20dec21

CFPB

CFPB, remittance provider settle over findings of ‘thousands’ of remittance rule violations; penalty set at $750k

December 21, 2020 0

A large remittance provider was assessed a $750,000 civil money penalty over “thousands” of remittance rule violations and required to correct its practices under a consent order announced Monday by the Consumer Financial Protection Bureau […]

CFPB

CFPB issues advisory opinion on special purpose credit programs under Reg B

December 21, 2020 0

An advisory opinion clarifying the content that a for-profit organization must include in a written plan that establishes and administers a special purpose credit program (SPCP) under Regulation B, which implements the Equal Credit Opportunity […]

NCUA

Hauptman names former credit union services exec as his senior advisor

December 21, 2020 0

Sarah Canepa Bang has been named senior advisor to Kyle Hauptman, who joined the National Credit Union Administration (NCUA) Board Dec. 14 and was named vice chairman Friday. The NCUA, in a release Monday, said […]

FDIC

Looking for a bank (or data about it)? New look for online tools aimed at making it easier

December 21, 2020 0

If you’re looking for a bank – or information about a bank that you’ve already found – the federal insurer of bank deposits Monday unveiled new looks for doing both. The two new bank data […]

The Fed

Fed keeps big banks’ capital buffer (CCyB) requirement at 0%

December 21, 2020 0

The countercyclical capital buffer (CCyB) that the Federal Reserve uses to increase the resilience of the financial system during times of heightened risk will remain at 0%, the Federal Reserve Board decided Friday. The CCyB […]

The Fed

In wake of stress tests, Fed keeps restrictions on distributions, share repurchases; no changes to capital requirements

December 21, 2020 0

Large banks saw their losses rise to more than $600 billion under conditions simulated under a second stress test conducted by the Federal Reserve – but the banks’ capital ratios, despite the losses, would continue […]

NCUA

Warning signs for human trafficking outlined in webinar set for Jan. 7

December 21, 2020 0

How to spot warning signs of human trafficking is in the spotlight for a webinar next month sponsored by the federal credit union regulator, the agency said Monday. In a release, the National Credit Union […]

The Fed

Waller fills sixth seat on Fed Board after taking oath Friday; still no word on who fills seventh position

December 21, 2020 0

The newest member of the Federal Reserve Board of Governors has now taken his seat after taking the oath of office Friday via a video call, leaving just one seat open on the seven-member board. […]

CFPB

Bureau names two to executive roles as deputy staff chief, assistant innovation director

December 21, 2020 0

Two new executives have been named to the federal consumer financial protection agency, one a new face and the other a “veteran” of the relatively new agency, which was formed after 2010 legislation. Jocelyn Sutton […]

NCUA

Newbie to credit union regulator board (and credit unions) gets new title: vice chairman

December 21, 2020 0

A new title has been bestowed on the newest member of the three-member board for the federal credit union regulator, who is now “vice chairman,” according to a release from the agency on Friday. Kyle […]

Today

  • OIG reports significant bank fraud convictions, fines over six-month period

    June 2, 2026 0
    More than $152 million in fines and restitution, and 38 convictions, related to bank fraud were achieved by the inspector general’s office of the federal bank deposit insurance agency over the six-month period of October 2025 through March 2026, the [...]
  • CA credit union conserved in January is merged

    June 2, 2026 0
    Beverly Hills City Employees Federal Credit Union, Beverly Hills, Calif., has been merged into Nuvision Federal Credit Union, Huntington Beach, Calif., following about a four-month conservatship, according to a release Tuesday. The National Credit Union Administration (NCUA) placed the $14.9-million-in-assets [...]
  • Agencies continue efforts to remove ‘reputation risk’ as a factor in bank supervision

    June 2, 2026 0
    References to “reputation risk” have been expunged from interagency documents used by federal banking agencies, the agencies said in a release issued jointly Tuesday. The agencies – Federal Reserve Board, Federal Deposit Insurance Corp. (FDIC), and Office of the Comptroller [...]
  • Bad loans led to ‘significant’ losses, and capital corrosion, in failure of Chicago bank at year’s start

    June 1, 2026 0
    Bad loans resulting in “significant” losses and thus the deterioration of the capital of a Chicago bank led it to become the first to fail in 2026, the federal deposit insurance agency said Monday. The office of inspector general (OIG) [...]
  • New senior deputy comptroller at OCC for regional, midsize banks

    June 1, 2026 0
    Benjamin Eddy is the senior deputy comptroller for regional and midsize financial institutions for the Office of the Comptroller of the Currency (OCC), the agency announced Monday. In that role, Eddy oversees the supervision of national banks and federal savings [...]
  • Latest list of OCC’s CRA ratings includes 9 banks ‘outstanding,’ 9 ‘satisfactory’

    June 1, 2026 0
    Half of the 18 banks whose ratings under the anti-redlining Community Reinvestment Act (CRA) became public in May were deemed “outstanding,” information released by the national bank regulator Monday shows. The other nine banks, the list from Office of the [...]
  • Former CEO of failed $1 billion credit union prohibited by agency following 2018 conviction

    May 29, 2026 0
    The former chief executive officer of a now-closed New York credit union has been prohibited from future service (becoming an “institution-affiliated party”) at any federally insured financial institution, the federal regulator said Friday. Alan S. Kaufman, the former CEO of [...]
  • 210 banks slated for CRA exams by FDIC over next two quarters

    May 29, 2026 0
    The federal bank deposit insurer has slated 210 banks for examinations under the anti-redlining Community Reinvestment Act (CRA) over the next two quarters, according to information released Friday by the agency. The Federal Deposit Insurance Corp. (FDIC), in a release, [...]

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