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What's up
  • [ July 30, 2026 ] Revised compliance guide lowers leverage ratio for community banks to 8% from 9% FDIC
  • [ July 30, 2026 ] Pair of bankers in different states prohibited after allegations of misappropriation of customer funds The Fed
  • [ July 30, 2026 ] Illinois bank, holding company, agree to enforcement action over shortcomings revealed in exam The Fed
  • [ July 27, 2026 ] FinCEN seeks financial institutions’ aid in rooting out student-loan fraud Other
  • [ July 24, 2026 ] FDIC updates consumer compliance exam manual FDIC
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21july20

FDIC

Agencies vow to work together to strengthen CRA, after OCC said it will propose rescinding 2020 rule

July 20, 2021 0

Working together to jointly strengthen rules implementing anti-redlining laws is a commitment made by the three federal banking agencies Tuesday, according to a statement released by all three. The statement was released after one of […]

Other

Biden names pick for next Treasury assistant secretary for FIs

July 20, 2021 0

The White House Monday said President Joe Biden (D) intends to nominate Graham Steele to fill the post of assistant Treasury secretary for financial institutions, which helps set policy on financial institutions, government-sponsored enterprises, and […]

NCUA

UPDATED: NCUA Board upholds denial of board position for former (unnamed) CEO of troubled (unnamed) credit union

July 20, 2021 0

– The appeal decision noted below was temporarily removed from public view on the NCUA website but is now restored. – A former chief executive officer of a troubled federal credit union has been denied a […]

FDIC

Lack of rules framework for ‘stablecoins’ prompts regulators’ meeting; recommendations expected to come

July 20, 2021 0

Rising concern about the growing use of “stablecoins” without a regulatory framework led to a meeting Monday of top banking regulators, the Treasury announced. Recommendations, based on the meeting and on a forthcoming report, are […]

COVID-19 actions

Fed, FDIC release public portions of 8 big banks’ ‘living wills’ targeted to address COVID response

July 20, 2021 0

The public portions of resolution plans (also known as “living wills”) submitted July 1 by eight large domestic banking firms – and targeted to address the institutions’ response to events surrounding the COVID-19 pandemic – […]

FDIC

Proposal aims to simplify rules for trust account deposit insurance coverage

July 20, 2021 0

Simplifying deposit insurance rules for revocable and irrevocable trusts, and amending a rule on mortgage service accounts coverage, are addressed in a proposed regulation issued by the federal insurer of bank deposits Tuesday. In a […]

Today

  • Revised compliance guide lowers leverage ratio for community banks to 8% from 9%

    July 30, 2026 0
    An 8% leverage ratio requirement for community banks – down from 9% — is the key component of an updated compliance guide for the ratio’s framework, released Thursday by federal banking regulators. The lowered requirement for the community bank leverage [...]
  • Pair of bankers in different states prohibited after allegations of misappropriation of customer funds

    July 30, 2026 0
    Charges of misappropriation of customer funds at banks in Alabama and Montana have led to prohibitions of two former employees of the institutions, with their consent, the Federal Reserve said Thursday. In a release, the Fed said that Ralph A. [...]
  • Illinois bank, holding company, agree to enforcement action over shortcomings revealed in exam

    July 30, 2026 0
    Deficiencies in internal controls, risk management and more have led to an enforcement action against an Illinois bank and its holding company by the Federal Reserve, the agency said Thursday. According to the Fed, Iuka State Bank and its holding [...]
  • FinCEN seeks financial institutions’ aid in rooting out student-loan fraud

    July 27, 2026 0
    Financial institutions are encouraged to report suspicious account activity that could point to fraud targeting federal student aid programs, according to an alert from Treasury’s financial crimes enforcement unit. Friday, the Financial Crimes Enforcement Network (FinCEN) issued an alert on [...]
  • FDIC updates consumer compliance exam manual

    July 24, 2026 0
    Updates to violation codes, Truth in Lending Act (TILA) thresholds, Home Mortgage Disclosure Act (HMDA) loan-volume thresholds and more are reflected in the July iteration of the federal bank deposit insurer’s Consumer Compliance Examination Manual (CEM). The Federal Deposit Insurance [...]

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