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What's up
  • [ November 4, 2026 ] Supervisory framework issued for examiners to use in evaluating bank use of AI OCC
  • [ October 30, 2026 ] Kansas bank ordered to pay $2.5 million penalty for not maintaining anti-money laundering program FDIC
  • [ October 30, 2026 ] Deposit insurer wants to rescind rule calling for detailed records, coverage calculations within 24 hours of failure FDIC
  • [ October 30, 2026 ] Two credit unions chartered by federal agency – first pair in 2026—to provide business loans, consumer services NCUA
  • [ October 30, 2026 ] 2 former TX, IL credit union employees barred by NCUA NCUA
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20nov02

OCC

OCC order exempts ‘non-U.S. nonlinked’ contracts from express recognition requirements of QFC stay rule

November 2, 2020 0

Certain categories of qualified financial contracts (QFCs) entered into by foreign subsidiaries of large, systemically important banks are exempted from general stay-and-transfer provisions of the U.S. special resolution regimes, the national bank and thrift regulator […]

OCC

Six banks on October release list had ‘outstanding’ CRA performance, OCC says

November 2, 2020 0

Six of the 22 banks whose Community Reinvestment Act (CRA) evaluations became public in October earned ratings of “outstanding,” with the remaining institutions rated “satisfactory,” the Office of the Comptroller of the Currency (OCC) said […]

FDIC

Explanatory note offers rationale behind regulators’ issuance of ‘operational resilience’ paper for large banks

November 2, 2020 0

A “comprehensive approach” for large banks to use in strengthening and maintaining their operational resilience was issued by federal banking regulators Friday, and followed up with a Financial Institution Letter (FIL) by the Federal Deposit […]

CFPB

UPDATED: Three CFPB councils to meet Nov. 18 to discuss business data collection, more; research council meets two days later

November 2, 2020 0

The councils that provide advice to the consumer financial protection agency regarding the bureau’s actions affecting consumers, community banks, and credit unions are scheduled to meet in a combined, public virtual session from 1 to […]

CFPB

How to achieve early termination of consent orders outlined in policy statement

November 2, 2020 0

An entity eager to be relieved of the provisions of a consent order reached with the federal consumer financial protection agency will have a path to do so under a proposal filed by the agency […]

NCUA

After eight months in acting role, veteran regulator formally named top supervisor for credit union agency

November 2, 2020 0

Ending an eight-month role as “acting” top supervisor for the federal credit union regulator, Myra Toeppe has formally been named the director of the agency’s office of examination and insurance, according to a release issued […]

Today

  • Supervisory framework issued for examiners to use in evaluating bank use of AI

    November 4, 2026 0
    Evaluating banks’ use of Super Intelligence (SI, more commonly known as “artificial intelligence” (AI)) in “normal-course business activities” by examiners is the aim of a supervisory framework issued Wednesday by the national bank regulator. The Office of the Comptroller of [...]
  • Kansas bank ordered to pay $2.5 million penalty for not maintaining anti-money laundering program

    October 30, 2026 0
    A Kansas bank must pay a $2.5 million civil money penalty (CMP) for its failure to maintain an effective anti-money laundering (AML) program, the federal bank deposit insurer said Friday. According to the Federal Deposit Insurance Corp. (FDIC), CBW Bank [...]
  • Deposit insurer wants to rescind rule calling for detailed records, coverage calculations within 24 hours of failure

    October 30, 2026 0
    A rule would be rescinded that requires banks with $2 million or more in deposits maintain detailed records and calculate deposit insurance coverage within 24 hours of a bank’s failure, under a proposal the federal bank deposit insurance agency issued [...]
  • Two credit unions chartered by federal agency – first pair in 2026—to provide business loans, consumer services

    October 30, 2026 0
    Two new credit union charters – the first such so far in 2026 – were announced Friday by the federal regulator, with the new cooperatives serving memberships on different sides of the country. The National Credit Union Administration (NCUA) said [...]
  • 2 former TX, IL credit union employees barred by NCUA

    October 30, 2026 0
    Two former employees of credit unions — one in Texas, the other in Illinois — are barred from any future service in federally insured depository institutions under prohibition orders announced Friday by the National Credit Union Administration (NCUA). The two [...]

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