21aug20 – Regulatory Report

What's up

[ May 4, 2026 ] 6 of 21 banks getting CRA ratings were deemed ‘outstanding’ OCC
[ May 4, 2026 ] Latest credit union to close was in conservatorship since January NCUA
[ May 4, 2026 ] Closed Georgia bank held substantial sum of uninsured deposits, agency indicates FDIC
[ May 4, 2026 ] Six banks earn ‘outstanding’ ratings for CRA rules compliance OCC
[ April 27, 2026 ] UPDATED: OCC asserts preemption of disputed Illinois interchange fee law OCC

FDIC addressing concerns raised by OIG over wireless network cloud service approved prior to NIST framework change

August 20, 2021 0

The Federal Deposit Insurance Corp. (FDIC) reportedly is addressing concerns raised by its Office of Inspector General (OIG) over an external wireless network solution cloud service that was deployed prior to a 2018 risk management […]

CFPB pushing all CARD Act submissions to ‘Collect’ website beginning with data due Jan. 31

August 20, 2021 0

Card issuers required to supply credit card agreement terms and other data to the Consumer Financial Protection Bureau (CFPB) must make all submissions via the agency’s Collect website beginning in January, according to a notice […]

6 of 21 banks getting CRA ratings were deemed ‘outstanding’

May 4, 2026 0

Six banks were deemed “outstanding” under the anti-redlining Community Reinvesment Act (CRA), and 15 were “satisfactory,” according to the latest list of rating released by the national bank regulator. The ratings for this batch of banks became public in April, [...]
Latest credit union to close was in conservatorship since January

May 4, 2026 0

People Trust Community Federal Credit Union of North Little Rock, Ark., was closed after about a three-month conservatorship by its federal regulator, becoming the second federally insured credit union closed in 2026. The National Credit Union Administration (NCUA), placed the [...]
Closed Georgia bank held substantial sum of uninsured deposits, agency indicates

May 4, 2026 0

No reason for the closure of a Georgia bank on Friday was released by the federal bank deposit insurance agency, except to note that the bank held a substantial sum (relative to its total deposits) in uninsured deposits, according to [...]
Six banks earn ‘outstanding’ ratings for CRA rules compliance

May 4, 2026 0

Six banks earned ratings of “outstanding” – out of 21 banks evaluated — for their compliance with rules implementing anti-redlining laws, according to April performance evaluations released Monday by the national bank regulator. The remaining 15 banks earned ratings of [...]
UPDATED: OCC asserts preemption of disputed Illinois interchange fee law

April 27, 2026 0

Updated to provide deadline for comments. Two interim final actions aimed at preempting an Illinois statute governing non-interest charges and fees, including interchange fees on the tax and tip portion of credit card transactions, were issued by the national bank [...]