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What's up
  • [ November 28, 2025 ] Four workers from same bank prohibited from future service; three for COVID-era loan program violations FDIC
  • [ November 28, 2025 ] 2% designated reserve ratio continued for FDIC insurance fund FDIC
  • [ November 28, 2025 ] FDIC official digital sign requirement delayed to 2027 to align with proposal FDIC
  • [ November 26, 2025 ] Latest Beige Book reports mixed economic activity, but little changed from last month The Fed
  • [ November 26, 2025 ] OCC sets schedule for CRA exams in first half of ‘26 OCC
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20may11

CFPB

Consumer bureau slaps mortgage servicer with orders for redress, money penalty

May 11, 2020 0

A Colorado-based mortgage-loan servicer was ordered to pay $1.275 million in redress and “waiver borrowers deficiencies” – plus a $250,000 civil money penalty (CMP) – for (among other things) taking foreclosure actions against borrowers who […]

COVID-19 actions

With all corporate credit unions participating, Central Liquidity Facility has $13 billion more borrowing authority to year-end

May 11, 2020 0

The liquidity facility run by the federal credit union regulator will be able to borrow more than $13 billion to meet the liquidity needs of 3,700 credit unions through this year-end under membership subscriptions enabled […]

The Fed

1st wave of pandemic financial crisis begins to ebb – but more action may yet be required, top Fed supervisor to tell panel

May 11, 2020 0

A first wave of acute financial stress to the nation’s economy as a result of the coronavirus crisis has begun to ebb, according to the Federal Reserve’s top supervisory official in testimony to be delivered […]

CFPB

Rule raising HMDA reporting threshold to 100 or more closed end mortgages set to be finalized

May 11, 2020 0

Institutions originating fewer than 100 closed-end mortgage loans in either of the two preceding calendar years will not have to report data about closed-end mortgage loans, beginning July 1, according to a final rule scheduled […]

CFPB

CFPB remittance rule final; includes ‘tailored’ exceptions on cost disclosures, ups safe harbor to 500 transfers

May 11, 2020 0

A final rule that permanently provides “tailored” exceptions to remittance rule requirements for banks’ and credit unions’ disclosures of exchange rates and covered third-party fees, and raises the safe harbor under the rule from 100 […]

COVID-19 actions

Updated term sheet for municipal lending facility offers up to $500 bill in loans for state, local governments

May 11, 2020 0

A new term sheet offering up to $500 billion for its lending facility to shore up state and municipal governments was published Monday by the Federal Reserve, which the agency said was intended to help […]

FDIC

Final interagency policy statement on credit losses accounting (CECL), guidance on credit risk review systems issued

May 8, 2020 0

An interagency policy statement proposed last October on the interpretation and application of the accounting industry standard for the treatment of credit losses has been made final, along with interagency guidance on credit risk review […]

Today

  • Four workers from same bank prohibited from future service; three for COVID-era loan program violations

    November 28, 2025 0
    Prohibitions were ordered against or agreed to by four workers of Truist Bank in Charlotte, N.C., in October for misappropriating funds related to coronavirus crisis loan programs, and for cashing bogus checks, the federal bank deposit insurance agency said Friday. [...]
  • 2% designated reserve ratio continued for FDIC insurance fund

    November 28, 2025 0
    A 2% designated reserve ratio (DRR) will continue in 2026 for the Deposit Insurance Fund (DIF for banks, the federal bank deposit insurer said Tuesday. According to a Federal Deposit Insurance Corp. (FDIC) staff memo released for Tuesday’s open board [...]
  • FDIC official digital sign requirement delayed to 2027 to align with proposal

    November 28, 2025 0
    Insured depository institutions (IDIs) have an additional 21 months to comply with a rule requiring the display of the Federal Deposit Insurance Corp. (FDIC) official sign on their digital deposit-taking channels, according to an agency Financial Institution Letter (FIL). The [...]
  • Latest Beige Book reports mixed economic activity, but little changed from last month

    November 26, 2025 0
    Reports of loan demand across the Federal Reserve’s 12 districts were “mixed,” although some reported an ongoing recovery in the office real estate market, according to the latest Beige Book released Wednesday. The Fed’s semi-monthly summary of commentary on current [...]
  • OCC sets schedule for CRA exams in first half of ‘26

    November 26, 2025 0
    About 130 banks are scheduled to receive their anti-redlining compliance exams in the first and second quarters of next year, the national bank regulator said Wednesday. According to the Office of the Comptroller of the Currency (OCC), the largest groups [...]

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