20oct26 – Regulatory Report

What's up

[ May 21, 2025 ] FDIC Board rescinds bank merger review process, reinstating previous; vows ‘broader reevaluation’ FDIC
[ May 20, 2025 ] Comptroller’s chief of staff takes on yet another role, now as a deputy comptroller for community, industry relations Federal financial regulation
[ May 19, 2025 ] Credit union regulator charters 2nd new credit union of the year, serving African American community in St. Louis NCUA
[ May 16, 2025 ] Veteran of FDIC, who advised board, members on financial stability, will retire from agency FDIC
[ May 15, 2025 ] CFPB rescinds interpretive rule on states’ enforcement of CFPA; withdraws 3 proposed rules focused on EFT, data broker practices, contracts of adhesion CFPB

THIS WEEK: NCUA holds second October open meeting; FDIC advisory panels meet; comments due on CARD Act rules, FCU op fees, more

October 26, 2020 0

The board of the federal credit union regulator is poised to hold its second October open meeting – a rare occurrence – this week, which also features two banking agency advisory panel sessions and three […]

$70 million KS bank closed; FDIC pegs insurance fund cost at $18.3 million

October 23, 2020 0

Financial difficulties unrelated to the COVID-19 pandemic led to the demise of Almena State Bank of Almena, Kan., which on Friday became the fourth federally insured bank to fail in 2020, according to Federal Deposit […]

FDIC Board rescinds bank merger review process, reinstating previous; vows ‘broader reevaluation’

May 21, 2025 0

A bank merger review program put in place last fall was rescinded Tuesday by the federal bank deposit insurance agency which asserted that the program was “less transparent and less predictable” leading to confusion among banks. The board of the [...]
Comptroller’s chief of staff takes on yet another role, now as a deputy comptroller for community, industry relations

May 20, 2025 0

Andrew Moss has earned another promotion at the national bank regulator: in addition to several other, recent roles now he will be deputy comptroller for community and industry relations, beginning next month, the agency’s acting leader said Tuesday. According to [...]
Credit union regulator charters 2nd new credit union of the year, serving African American community in St. Louis

May 19, 2025 0

A new credit union in St. Louis, Mo., has been chartered to serve the members of the African Diaspora Council Inc., a group based in that city which promotes community self-help and financial and wealth-management education among African Americans, the [...]
Veteran of FDIC, who advised board, members on financial stability, will retire from agency

May 16, 2025 0

A 39-year career at the federal bank deposit insurance agency for a top financial stability supervisor will come to an end May 31, the agency said Friday. Arthur J. (“Art”) Murton, deputy to the chairman for financial stability and director [...]