21aug03 – Regulatory Report

What's up

[ August 13, 2026 ] Banks flagged nearly $5 billion in suspected human trafficking, agency finds in BSA data Other
[ August 13, 2026 ] Former banker, alleged part of check-fraud ring, prohibited after nearly $400k in losses to bank The Fed
[ August 10, 2026 ] ‘De novo’ banks would receive quicker deposit insurance approval under new, two-phase process FDIC
[ August 7, 2026 ] Senate confirms Crews to NCUA Board seat NCUA
[ August 7, 2026 ] NCUA liquidates 15-month-old federal credit union NCUA

Credit union regulator taps new director of workforce, supplier diversity unit

August 3, 2021 0

Miguel A. Polanco, a former Army officer and investment banker, is now the top workforce and supplier diversity officer for the federal regulator of credit unions, the agency said Tuesday. The National Credit Union Administration […]

Regulators ask Congress for statutory changes during Senate testimony; ‘rent-a-charter’ deals under scrutiny

August 3, 2021 0

Congress should revise recently adopted statutes on brokered deposits, and it should give the credit union regulator authority to examine (and enforce actions) over third-party vendors, two federal financial institution regulators said Tuesday in congressional […]

OCC updates advisory series on bank accounting

August 14, 2026 0

Its annual update to the Bank Accounting Advisory Series (BAAS), with answers to frequently asked questions (FAQs) and updates on accounting industry standards, was released Friday by the Office of the Comptroller of the Currency (OCC). The OCC, in Bulletin [...]
Banks flagged nearly $5 billion in suspected human trafficking, agency finds in BSA data

August 13, 2026 0

“Consistent indicators,” including excessive cash activity conducted along the southwest border of the United States, among other things, are detailed in a report on suspected human smuggling issued Thursday by the Treasury’s financial crimes enforcement arm. According to the Financial [...]
Former banker, alleged part of check-fraud ring, prohibited after nearly $400k in losses to bank

August 13, 2026 0

Losses of nearly $400,000 caused by a check-fraud ring to Regions Bank in Memphis, Tenn., have earned a former bank worker a prohibition by the Federal Reserve, the agency said Thursday. In a release, the Fed said Elazia Jones, a [...]
‘De novo’ banks would receive quicker deposit insurance approval under new, two-phase process

August 10, 2026 0

Faster approvals of federal deposit insurance for new banks is one of the intentions behind a revised process announced Monday by the federal bank deposit insurance agency. In a release, the Federal Deposit Insurance Corporation (FDIC) said a new, two-phase [...]
Senate confirms Crews to NCUA Board seat

August 7, 2026 0

The Senate on Friday confirmed John Crews to a seat on the National Credit Union Administration (NCUA) Board for a term that will continue through August. 2, 2031. Crews has served as Treasury’s deputy assistant secretary for financial institutions policy. [...]
NCUA liquidates 15-month-old federal credit union

August 7, 2026 0

The second federal credit union chartered in 2025 was involuntarily liquidated Thursday by the National Credit Union Administration (NCUA). The agency said it was liquidating African Diaspora Federal Credit Union of Saint Ann, Mo., after finding it was “insolvent and [...]