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What's up
  • [ June 1, 2026 ] Bad loans led to ‘significant’ losses, and capital corrosion, in failure of Chicago bank at year’s start NCUA
  • [ June 1, 2026 ] New senior deputy comptroller at OCC for regional, midsize banks OCC
  • [ June 1, 2026 ] Latest list of OCC’s CRA ratings includes 9 banks ‘outstanding,’ 9 ‘satisfactory’ OCC
  • [ May 29, 2026 ] Former CEO of failed $1 billion credit union prohibited by agency following 2018 conviction NCUA
  • [ May 29, 2026 ] 210 banks slated for CRA exams by FDIC over next two quarters FDIC
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GAO report urges Treasury to do more on financial sector cyber risk mitigation

September 17, 2020 0

Recommendations that the Treasury Department track and prioritize the financial services sector’s cyber risk-mitigation efforts and update the sector-specific plan to include specific metrics to measure progress are provided in a report released Thursday by […]

Other

Study finds little connection between CECL rule, credit availability/lending standards

September 17, 2020 0

Federal financial institution regulators should continue to monitor the impact on regulatory capital of new accounting rules on current expected credit losses (CECL) – but, to date, those rules do not seem to have an […]

NCUA

Share insurance fund down to 1.22% of insured credit union shares in June, nearing ‘restoration plan’ trigger; no premium planned for now

September 17, 2020 0

Federal credit union regulators, for now, have no plans to assess a premium on insured credit unions despite the deep decline from December 2019 to June 2020 in the equity ratio of the fund that […]

NCUA

New exam system closer to rollout, credit union regulator indicates; appraisal rule OK’d, joint BSA exemption green-lighted

September 17, 2020 0

Next year is targeted for the official rollout of a new, modernized examination program from the federal regulator that will phase in applications by credit unions depending on their examination date, according to a briefing […]

The Fed

UPDATED: Proposed CRA action slated by Fed in open meeting Monday; Brainard speech follows

September 16, 2020 0

An advance notice of proposed rulemaking (ANPR) on the Community Reinvestment Act (CRA) regulation is up for Federal Reserve Board consideration next Monday during an open meeting, according to a notice posted on the Fed’s […]

Today

  • Bad loans led to ‘significant’ losses, and capital corrosion, in failure of Chicago bank at year’s start

    June 1, 2026 0
    Bad loans resulting in “significant” losses and thus the deterioration of the capital of a Chicago bank led it to become the first to fail in 2026, the federal deposit insurance agency said Monday. The office of inspector general (OIG) [...]
  • New senior deputy comptroller at OCC for regional, midsize banks

    June 1, 2026 0
    Benjamin Eddy is the senior deputy comptroller for regional and midsize financial institutions for the Office of the Comptroller of the Currency (OCC), the agency announced Monday. In that role, Eddy oversees the supervision of national banks and federal savings [...]
  • Latest list of OCC’s CRA ratings includes 9 banks ‘outstanding,’ 9 ‘satisfactory’

    June 1, 2026 0
    Half of the 18 banks whose ratings under the anti-redlining Community Reinvestment Act (CRA) became public in May were deemed “outstanding,” information released by the national bank regulator Monday shows. The other nine banks, the list from Office of the [...]
  • Former CEO of failed $1 billion credit union prohibited by agency following 2018 conviction

    May 29, 2026 0
    The former chief executive officer of a now-closed New York credit union has been prohibited from future service (becoming an “institution-affiliated party”) at any federally insured financial institution, the federal regulator said Friday. Alan S. Kaufman, the former CEO of [...]
  • 210 banks slated for CRA exams by FDIC over next two quarters

    May 29, 2026 0
    The federal bank deposit insurer has slated 210 banks for examinations under the anti-redlining Community Reinvestment Act (CRA) over the next two quarters, according to information released Friday by the agency. The Federal Deposit Insurance Corp. (FDIC), in a release, [...]

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