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What's up
  • [ February 27, 2026 ] New bank for investment firm Edward Jones wins federal insurance for Utah industrial charter FDIC
  • [ February 27, 2026 ] OCC: Final rule clarifies national trust banks may engage in non-fiduciary activities OCC
  • [ February 27, 2026 ] Former tellers prohibited following scheme to launder illicit drug proceeds through bank’s vault FDIC
  • [ February 27, 2026 ] NCUA bars 5 former credit union employees from future FI service NCUA
  • [ February 27, 2026 ] FDIC, OCC release Q2, Q3 CRA evaluation schedules FDIC
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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

  • New bank for investment firm Edward Jones wins federal insurance for Utah industrial charter

    February 27, 2026 0
    An investment firm with more than $2.2 trillion in assets under management has been awarded deposit insurance for a new industrial bank it has chartered in Salt Lake City, the federal bank deposit insurance agency said Friday. According to the [...]
  • OCC: Final rule clarifies national trust banks may engage in non-fiduciary activities

    February 27, 2026 0
    A final rule that aligns regulatory language with related language in underlying statute clarifies that national trust banks may engage in non-fiduciary activities, the national bank regulator announced in a bulletin Friday. The final rule, effective April 1, was issued [...]
  • Former tellers prohibited following scheme to launder illicit drug proceeds through bank’s vault

    February 27, 2026 0
    Two Indiana bankers – who both worked for the same bank in Covington, Ind. – were prohibited from further work in a financial institution after pleading guilty to laundering more than $1.6 million of illicit drug sales proceeds, the federal [...]
  • NCUA bars 5 former credit union employees from future FI service

    February 27, 2026 0
    Five former employees of credit unions are permanently barred from future service in any federally insured depository institution under one consent order and four notices of prohibition announced Friday. The release by the National Credit Union Administration (NCUA) said the [...]
  • FDIC, OCC release Q2, Q3 CRA evaluation schedules

    February 27, 2026 0
    Nearly 400 banks are slated for evaluations under the anti-redlining Community Reinvestment Act (CRA) over the following two calendar quarters, according to schedules released Friday. Both the Federal Deposit Insurance Corp. (FDIC) and the Office of the Comptroller of the [...]
  • OCC issues GENIUS proposal of its own, catching up with other regulators

    February 26, 2026 0
    Months after another federal banking regulator – and the federal credit union regulator — issued a proposal to implement new laws allowing banks to issue stablecoins through subsidiaries, the national bank regulator has now done the same, it said late [...]
  • FinCEN solicits nominations to BSA advisory panel

    February 25, 2026 0
    Treasury’s financial crimes enforcement arm is seeking nominations of eligible organizations – including smaller financial institutions subject to the Bank Secrecy Act (BSA) and entities that can share insights on BSA framework modernization and implementation of the GENIUS Act – [...]

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