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What's up
  • [ 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
  • [ September 3, 2026 ] FDIC allows more banks to except some reciprocal deposits from brokered deposits reporting, raises cap FDIC
  • [ September 3, 2026 ] 7 banks graded ‘outstanding’ for CRA by OCC OCC
  • [ September 1, 2026 ] $2.4 million Kansas City credit union merged after 2-month conservatorship NCUA
Home20may05

20may05

COVID-19 actions

‘Living will’ deadlines for biggest foreign banks, other large local and foreign banks, get 90-day extensions

May 6, 2020 0

Deadlines for submission dates of “living wills” have been extended by 90 days for large foreign banks, and large and foreign banks under the “large bank regulatory framework,” two federal banking agencies said Wednesday. In […]

The Fed

COVID-19 serves as example, in CRA reform, for taking into account needs of individual communities, Fed governor says

May 5, 2020 0

The coronavirus crisis is a reminder that taking into account the unique needs and opportunities in different communities is critical as work proceeds on modernizing rules implementing anti-redlining laws, a member of the Federal Reserve […]

FDIC

First charges filed in alleged fraud of $500,000 in bank loans through PPP initiative

May 5, 2020 0

What are being called the first charges of fraudulent involvement in the massive federal program meant to protect pay of workers in the face of the coronavirus crisis were announced Tuesday by federal prosecutors. According […]

The Fed

Fed bars former KY bank president, orders $30,000 in restitution

May 5, 2020 0

A former president and board director of Whitaker Bank Inc., of Lexington, Ky., has been barred from participating in the affairs of any federally insured financial institution and ordered to pay $30,000 in restitution to […]

COVID-19 actions

Rule will require banks to neutralize effects under LCR of participating in some COVID-19 emergency facilities

May 5, 2020 0

Banks and their organizations will be required to neutralize the effect under the liquidity coverage ratio (LCR) rule of participating in new emergency facilities set up by the Federal Reserve to deal with the impact […]

Today

  • 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 [...]
  • Order: Former IN credit union employee caused $350,000 loss

    August 31, 2026 0
    A former employee’s misconduct caused Centra Credit Union, Columbus, Ind., more than $350,000 in losses, according to an August consent prohibition announced Monday that bars her permanently from any future work in federally insured financial institutions. The National Credit Union [...]
  • Comptroller sets schedules for 4th, 1st Quarter CRA exams; takes break in December

    August 31, 2026 0
    Seventy-nine banks – many of them in Texas – will face exams for anti-redlining rules compliance in the fourth quarter of this year, and the first quarter of next year, the national bank regulator said Monday. In releasing its fourth [...]
  • Former bank CFO who diverted loan proceeds among those targeted in FDIC prohibitions

    August 28, 2026 0
    A former chief financial officer of Bank of the Valley, Bellwood, Neb., is prohibited from any future work in federally insured financial institutions under a consent order issued in July and announced Friday by the federal bank deposit insurer. The [...]
  • FDIC revises consumer exam manual in response to new definition of ‘unsafe, unsound practices’

    August 28, 2026 0
    Five chapters were revised – and a template removed –from the federal bank deposit insurance agency’s consumer compliance exam manual, the agency said Friday, in a response to a new rule on unsafe, unsound practices. On Thursday, the Federal Deposit [...]

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