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What's up
  • [ February 13, 2026 ] FinCEN pares down beneficial ownership reporting requirements as effort to ‘modernize’ BSA Other
  • [ February 13, 2026 ] NCUA doubles max amount for newly chartered CU, urgent needs grants NCUA
  • [ February 13, 2026 ] Exam council shrinks uniform report peer groups from 12 to three for smaller banks Other
  • [ February 13, 2026 ] Whistleblowers on BSA, sanctions can use new website; Treasury tightens scrutiny on MSBs Other
  • [ February 12, 2026 ] Agencies release stress test scenarios with 28 variables for ’26; submissions due by April 5 FDIC
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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

  • FinCEN pares down beneficial ownership reporting requirements as effort to ‘modernize’ BSA

    February 13, 2026 0
    A requirement to identify and verify the beneficial owners of a legal entity customer each time the customer opens a new account has been removed for some banks by the Treasury’s financial crimes enforcement arm, it said Friday. The order [...]
  • NCUA doubles max amount for newly chartered CU, urgent needs grants

    February 13, 2026 0
    The federal credit union regulator is increasing its maximum award amount for grants available to low-income-designated credit unions from $7,500 to $15,000, the agency said Friday. The newly chartered and urgent needs grants come from the Community Development Revolving Loan [...]
  • Exam council shrinks uniform report peer groups from 12 to three for smaller banks

    February 13, 2026 0
    Banking industry consolidation leading to disappearing peer groups for bank examination purposes has led to changes to uniform performance reports by the umbrella group for federal financial regulators, the agency said Friday. The Federal Financial Institution Examination Council (FFIEC) said [...]
  • Whistleblowers on BSA, sanctions can use new website; Treasury tightens scrutiny on MSBs

    February 13, 2026 0
    Tips involving violations and conspiracies related to the Bank Secrecy Act (BSA), U.S. sanctions programs, and several other laws affecting financial system security may be entered through a new whistleblower website announced Friday by the Treasury’s financial crimes enforcement arm. [...]
  • Agencies release stress test scenarios with 28 variables for ’26; submissions due by April 5

    February 12, 2026 0
    Stress test scenarios for banks with $250 billion or more in assets were released Thursday by two federal banking regulators, with submissions due by April 5 and public release of the results required between June 15 and July 15. In [...]
  • Former bank employee barred for taking customer funds

    February 12, 2026 0
    A former relationship banker at Regions Bank, Birmingham, Ala., is barred from any future work in federally insured depository institutions under a February consent order with the Federal Reserve Board. The Fed, in the order released Thursday, said that Nicole [...]
  • Late to the game, credit union regulator issues proposal to allow for stablecoin issuers under GENIUS

    February 11, 2026 0
    Credit unions that want to become “permitted payment stablecoin issuers” will get that opportunity under a rule proposed Wednesday by their federal regulator, lagging other federal supervisors. The National Credit Union Administration (NCUA) said the proposal implements provisions of the [...]
  • Latest deregulation proposal would ease credit unions’ path to convert to mutual savings bank

    February 10, 2026 0
    Credit unions would have an easier path to convert to mutual savings banks (MSBs), and other changes, under the latest round of deregulation proposed by their federal regulator Tuesday. The National Credit Union Administration (NCUA), in what it said is [...]
  • FDIC gives more time to comment on GENIUS Act rule proposal

    February 10, 2026 0
    The comment period on a proposed rule issued setting procedures for insured, state-chartered nonmember banks or savings associations to seek federal approval to issue stable coins through a subsidiary is extended to May 18, the federal deposit insurer said. The [...]

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