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What's up
  • [ April 3, 2026 ] Former banker prohibited after theft of funds used to replenish ATMs The Fed
  • [ April 3, 2026 ] One-member NCUA Board to hear briefings on several subjects – but take no action NCUA
  • [ April 3, 2026 ] CRA ratings list includes 3 banks deemed ‘outstanding,’ FDIC info shows FDIC
  • [ April 2, 2026 ] Comptroller promotes two to positions overseeing bank chartering, policies activities OCC
  • [ April 2, 2026 ] Small PA credit union closed after regulator found it was ‘insolvent, no prospect’ for viable operations NCUA
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CFPB

CFPB’s tech sprints will focus on consumer disclosures, HMDA file prep and data submission

June 29, 2020 0

A series of three “tech sprints” – one held this October, and two more slated for March 2021 – will focus on how to improve consumer disclosures, preparing files for Home Mortgage Disclosure Act (HMDA) […]

Other

Due diligence on serving hemp-related businesses issued by financial crimes law enforcement, including types of info, documentation needed

June 29, 2020 0

Conducting due diligence on hemp-related businesses – on the types of information and documentation that may be required to collect from those entities – is outlined in guidance for banks and credit unions issued Monday […]

COVID-19 actions

Fed releases new term sheet for Primary Market Corporate Credit Facility created to help large employers during pandemic

June 29, 2020 0

Pricing and other information for the purchase of corporate bonds by the Primary Market Corporate Credit Facility (PMCCF) is provided in a new term sheet released Monday by the Federal Reserve. The PMCCF was created […]

OCC

‘Risk perspective’ paints grim picture for banks’ financial performance for year due to impact of pandemic

June 29, 2020 0

Weak financial performance and increasing credit, operational, and compliance risks resulting from the financial impact of the coronavirus crisis are among the “key risk themes” outlined in a report issued Monday by the federal bank […]

NCUA

Supreme Court takes a pass on credit union membership rules; agency will start processing new applications ‘immediately’

June 29, 2020 0

An appeal of a lower court’s earlier decision upholding rules governing membership at credit unions was rejected by the Supreme Court Monday, essentially ending a challenge by the banking industry to the regulator over the […]

CFPB

High court ruling allowing president to fire CFPB director ‘at will’ has no impact on agency rules, Kraninger says

June 29, 2020 0

A Supreme Court ruling Monday that lets the federal consumer financial protection agency continue in operation – but finds that the president may remove its director at will – means that the agency’s rules continue to govern […]

Today

  • Former banker prohibited after theft of funds used to replenish ATMs

    April 3, 2026 0
    A former North Carolina banker was prohibited after pleading guilty to alleged embezzlement of more than $33,000, the Federal Reserve said Friday. In a release, the Fed said Mollie Morrow, a former sales representative for United Bank in Washington, N.C., [...]
  • One-member NCUA Board to hear briefings on several subjects – but take no action

    April 3, 2026 0
    Brokered and reciprocal deposits, and a deregulation plan, are on the agenda for a meeting of the one-member board of the federal credit union regulator set for April 9, the agency said late Thursday. The National Credit Union Administration (NCUA) [...]
  • CRA ratings list includes 3 banks deemed ‘outstanding,’ FDIC info shows

    April 3, 2026 0
    Three banks rated “outstanding” and 35 deemed “satisfactory” for their performance under the anti-redlining Community Reinvestment Act (CRA) were on the latest list of banks rated by the Federal Deposit Insurance Corp. (FDIC) in January. The list, released Friday, shows [...]
  • Comptroller promotes two to positions overseeing bank chartering, policies activities

    April 2, 2026 0
    Policies and “executive direction” on federal bank applications, chartering, and corporate activities, policies, processes, and requirements will be set by two executives at the national bank regulator, the agency said Thursday. Jason Almonte and Sebastian Astrada have been promoted to [...]
  • Small PA credit union closed after regulator found it was ‘insolvent, no prospect’ for viable operations

    April 2, 2026 0
    A small Pennsylvania credit union was liquidated after the federal regulator found it “was insolvent and had no prospect for restoring viable operations,” the agency said late Wednesday. Copper & Glass Federal Credit Union (FCU) in Glassport, Penn., was closed [...]
  • Comptroller withdraws guidelines on recovery planning for larger banks; cites achieving goal of erasing ‘unnecessary regulatory burden’

    April 1, 2026 0
    Recovery planning guidelines will be rescinded for some large banks under a final rule issued Wednesday by the national bank regulator. The rule takes effect 30 days after its publication in the Federal Register, the Office of the Comptroller of [...]
  • TIL, EFT, flood insurance lead FDIC consumer compliance supervisory highlights; EFT moves higher in list

    April 1, 2026 0
    Violations of truth-in-lending, electronic fund transfer and flood insurance regulations were among the top consumer regulatory abuses reported by bank in 2025, the federal bank deposit insurance agency said Wednesday. In its semi-annual report on consumer compliance supervision for last [...]
  • Bank trading revenue at $14.9 billion in Q4 2025, OCC says; down from Q3 and from year ago

    April 1, 2026 0
    U.S. commercial banks had $14.9 billion in cumulative trading revenue in the fourth quarter of 2025 – down $2.9 billion, or 16.3%, from the previous quarter and $680 million, or 4%, from a year earlier, the Office of the Comptroller [...]
  • 4 banks rated ‘outstanding’ for CRA, OCC says; other 14 are ‘satisfactory’

    April 1, 2026 0
    Four of the 18 banks that received Community Reinvestment Act (CRA) evaluation ratings in March from the national bank regulator were deemed “outstanding,” with the remaining 14 rated “satisfactory,” according to information released Wednesday. The four “outstanding” ratings under the [...]

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