21dec22 – Regulatory Report

What's up

[ December 9, 2025 ] Comptroller jumps on board to oppose state enforcing usury laws on out of state bank, fintech lending OCC
[ December 9, 2025 ] OCC letter: Banks permitted to engage in ‘riskless’ principal crypto-asset transactions OCC
[ December 8, 2025 ] New credit union, third this year, will provide lending, saving to CA underserved area FDIC
[ December 8, 2025 ] Three banks ‘outstanding,’ three others ‘need improvement,’ FDIC says in latest CRA report FDIC
[ December 5, 2025 ] Agencies withdraw 12-years-old guidance on leveraged lending; banks told to apply ‘general principles on risk management’ FDIC

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 […]

Comptroller jumps on board to oppose state enforcing usury laws on out of state bank, fintech lending

December 9, 2025 0

The courts, or Congress, should remedy the outcome of a legal case decided last month that out-of-state banks and fintech partners lending to someone in Colorado must comply with state interest rate caps, the national banking regulator said Tuesday as [...]
OCC letter: Banks permitted to engage in ‘riskless’ principal crypto-asset transactions

December 9, 2025 0

Banks may engage in “riskless” principal crypto-asset transactions with and on behalf of their customers, according to an interpretive letter released Tuesday by the Office of the Comptroller of the Currency (OCC). The letter, from the agency’s senior deputy comptroller [...]
New credit union, third this year, will provide lending, saving to CA underserved area

December 8, 2025 0

A new credit union will soon be offering financial services – including mortgages and home equity loans — to its membership in the Bay Area of California, its federal regulator said Monday. The charter for Haven Federal Credit Union(FCU) – [...]
Three banks ‘outstanding,’ three others ‘need improvement,’ FDIC says in latest CRA report

December 8, 2025 0

Three banks earned ratings of “outstanding” for their compliance with anti-redlining rules in results of examinations in September, the federal bank deposit insurance agency said Friday. However, three other banks earned ratings of “needs improvement” and the remaining 52 banks [...]