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What's up
  • [ 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
  • [ October 28, 2026 ] NCUA proposed budget shows hike of 2.9% for 2027, op fee rate to drop NCUA
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20oct06

The Fed

Fed launches 2020 census of finance companies, other lenders; some 26,000 firms contacted

October 6, 2020 0

The Federal Reserve has reached out to about 26,000 financial firms from around the country urging them to participate in the Fed’s 2020 Census of Finance Companies and Other Lenders, the central bank announced Tuesday. […]

COVID-19 actions

Pandemic, more on Oct. 22 agenda of FDIC’s economic inclusion advisory panel

October 6, 2020 0

An advisory panel that focuses on ways to expand access to banking services by underserved populations is set to meet publicly via webcast Oct. 22 to discuss, among other things, the impact of the COVID-19 […]

Other

Report outlines key tools law enforcement using to follow, prosecute money laundering

October 6, 2020 0

Telling money launderers to “beware” that the Treasury’s anti-money laundering (AML) division has many ways to thwart criminals trying to hide illicit cash, the congressional watchdog Tuesday published a digest of two recent reports from […]

COVID-19 actions

Powell voices not-so-veiled call for Congress to take further action to bolster economy

October 6, 2020 0

Policymakers should continue to do what they can to manage “downside risks” to the economy’s outlook – including taking additional action to stimulate or protect the economy – particularly since the future remains “highly uncertain,” […]

CFPB

Bureau offers relief to entities from consent orders it issues

October 6, 2020 0

Companies and others can earn an early way out of actions taken against them through consent orders by the federal consumer financial protection agency under a new policy announced Monday. In a release, the Consumer […]

Today

  • 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 [...]
  • NCUA proposed budget shows hike of 2.9% for 2027, op fee rate to drop

    October 28, 2026 0
    Growth in employee compensation, contracted services and administrative expenses for the National Credit Union Share Insurance Fund (NCUSIF) are the key factors behind the federal credit union regulator’s proposed 2027 budget of $325.4 million, the agency said. In its proposal [...]
  • FDIC names new COO with experience mostly from law enforcement agencies

    October 26, 2026 0
    A new chief operating officer (COO) for the federal bank deposit insurance agency has been named, who brings experience largely from law enforcement, the regulator said Monday. Five others were also named to senior positions, the Federal Deposit Insurance Corp. [...]
  • Interest rate risk report exposes some vulnerability for banks over longer term

    October 23, 2026 0
    Economic value of equity (EVE) is more vulnerable to interest rate increases than are other financial indicators, according to the latest interest rate risk statistics report issued Friday by the national bank regulator. According to the quarterly report (for fall [...]

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