21dec22 – Regulatory Report

What's up

[ June 29, 2026 ] One outsider, one 42-year veteran, named to senior positions for IT, large bank supervision at national bank regulator OCC
[ June 19, 2026 ] Former OK bank leader earns prohibition, $125k fine for ‘imprudent’ lending that led to millions in losses The Fed
[ June 18, 2026 ] Agencies jointly issue proposal for ‘effective’ customer ID program used by permitted stablecoin issuers FDIC
[ June 17, 2026 ] Want your filing approved? OCC attempts to clarify how that happens (and how it doesn’t) OCC
[ June 18, 2026 ] OCC bars 2 from banking work; terminates 3 previous orders of enforcement OCC

Indianapolis’ Newspaper credit union failed due to fraud by a small CU staff, possibly board chair, NCUA OIG finds

December 22, 2021 0

A material loss review of the $2.29 million estimated share insurance fund loss due to the failure of Indianapolis’ Newspaper Federal Credit Union earlier this year showed the institution failed due to fraud involving a […]

For first time, on-line card payments outpaced those in-person in 2020, Fed update finds

December 22, 2021 0

Wild swings in the use of online/phone card payments, and those made in person, in successive years are outlined in updated results to the Federal Reserve’s payments study, released Wednesday – which also found that […]

One outsider, one 42-year veteran, named to senior positions for IT, large bank supervision at national bank regulator

June 29, 2026 0

Two senior personnel changes were made at the national bank regulator, the agency said Monday, overseeing its information technology (IT) policies and personnel in one position and large and foreign bank operations in the other. The Office of the Comptroller [...]
Former OK bank leader earns prohibition, $125k fine for ‘imprudent’ lending that led to millions in losses

June 19, 2026 0

“Imprudent” loans made to the relatives of an Oklahoma bank CEO have led to his prohibition from future bank employment and a fine of $125,000, the Federal Reserve said Thursday. According to the Fed, it has prohibited Thomas Engelbrecht from [...]