21aug3 – Regulatory Report

What's up

[ August 3, 2026 ] FinCEN: UBS Financial Services hit with $125 million fine over ‘recidivist’ BSA violations Other
[ August 3, 2026 ] OCC proposes changes in disclosure of confidential supervisory info, more OCC
[ July 31, 2026 ] Banks under $10 billion will reap significant easing of CRA rules under proposal FDIC
[ July 31, 2026 ] Fed proposes to ‘modernize’ mutuals’ capital framework, including easier transition to stock held The Fed
[ July 31, 2026 ] FDIC, Fed propose higher thresholds, indexes for lending to officers, other insiders FDIC

Newly disclosed CRA ratings included 3 ‘outstanding,’ 11 ‘satisfactory,’ OCC says

August 3, 2021 0

Three out of the 14 banks whose Community Reinvestment Act (CRA) performance evaluation ratings were publicly available in July were rated “outstanding,” with the remaining 11 rated “satisfactory,” a federal banking regulator said Tuesday. The […]

Fed extends comment period on FedNow rules to Sept. 9

August 3, 2021 0

The public comment period on a proposed rule adding provisions governing funds transfers handled through the coming new FedNow Service of the Federal Reserve Banks was extended from Aug. 10 to Sept. 9 Tuesday by […]

TN bank fined $26.5k over flood insurance violations; former AL bank employee barred

August 3, 2021 0

A prohibition of a former bank employee and a civil money penalty assessment against a bank over federal flood insurance violations were announced Tuesday by the Federal Reserve Board. The Fed, in a July 30 […]

FinCEN: UBS Financial Services hit with $125 million fine over ‘recidivist’ BSA violations

August 3, 2026 0

Calling it the largest such fine it has assessed against a broker-dealer, Treasury’s financial crimes enforcement network Monday announced a $125 million fine against UBS Financial Services Inc. (UBSFS) over “willful” violations of the Bank Secrecy Act (BSA). The Financial [...]
OCC proposes changes in disclosure of confidential supervisory info, more

August 3, 2026 0

A proposed rule to modify the process for getting agency approval to disclose its non-public information, and allow the disclosure of confidential supervisory information (CSI) without agency approval, was announced Monday by the national bank regulator. The Office of the [...]
Banks under $10 billion will reap significant easing of CRA rules under proposal

July 31, 2026 0

Smaller banks – those with $10 billion or less in assets – would receive significant easing of anti-redlining regulations under a joint proposal issued by the national bank regulator and federal bank deposit insurance agency announced Friday. Under the proposal, [...]
Fed proposes to ‘modernize’ mutuals’ capital framework, including easier transition to stock held

July 31, 2026 0

The capital framework for mutual savings banks – including increased flexibility to raise capital – would be “modernized,” and make it easier for the banks to convert to stock held, under a proposal issued Friday by the Federal Reserve, the [...]
FDIC, Fed propose higher thresholds, indexes for lending to officers, other insiders

July 31, 2026 0

Thresholds for certain lending limits for executive officers and other insiders of banks would be raised and indexed under a proposal issued Friday by the federal bank deposit insurance agency and the nation’s central bank. The Federal Deposit Insurance Corporation [...]
Former Wisconsin credit union worker prohibited by federal agency

July 31, 2026 0

A former worker at a Wisconsin credit union was prohibited by the federal regulator after being convicted in state court of misappropriating identification information, the agency said. Jordan L. McCarthy, according to the National Credit Union Administration (NCUA), a former [...]

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