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What's up
  • [ August 25, 2026 ] Agencies rescind four-year policy on special purpose credit programs aimed to help disadvantaged consumers, businesses CFPB
  • [ August 25, 2026 ] FDIC reports higher ROA, net income for banks in second quarter FDIC
  • [ August 24, 2026 ] John Crews sworn in, designated NCUA Board chairman NCUA
  • [ August 24, 2026 ] Failed Philadelphia savings bank, closed late Friday, estimated to cost FDIC $5 million; sole branch reopens after P&A by other bank FDIC
  • [ August 20, 2026 ] Fed makes public two consents to prohibitions, both for misappropriation of customer funds The Fed
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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

  • Agencies rescind four-year policy on special purpose credit programs aimed to help disadvantaged consumers, businesses

    August 25, 2026 0
    Recission of a four-year-old policy aimed at helping creditors expand responsible credit access to economically or socially disadvantaged consumers and commercial enterprises was announced Tuesday by federal banking and credit union agencies, along with other federal agencies. The rescission of [...]
  • FDIC reports higher ROA, net income for banks in second quarter

    August 25, 2026 0
    Second-quarter call report data show banks’ return on assets (ROA) and net income both up from the second quarter and from a year ago, the Federal Deposit Insurance Corp. (FDIC) said Tuesday. ROA overall was 1.37% in the second quarter, [...]
  • John Crews sworn in, designated NCUA Board chairman

    August 24, 2026 0
    A former Treasury official, John Crews, was sworn in Monday to a seat on the National Credit Union Administration (NCUA) Board, and he was designated chairman by President Donald Trump, the agency said. Crews, nominated in May and confirmed by [...]
  • Failed Philadelphia savings bank, closed late Friday, estimated to cost FDIC $5 million; sole branch reopens after P&A by other bank

    August 24, 2026 0
    The sole branch of a failed Philadelphia savings bank was scheduled to reopen Monday after its deposits were assumed, and “substantially all” its assets were purchased, by another savings bank in the city, the federal insurer of bank deposits said [...]
  • Fed makes public two consents to prohibitions, both for misappropriation of customer funds

    August 20, 2026 0
    Two more former bank workers have consented to prohibition orders, both for misappropriation of customer funds, the Federal Reserve said Thursday. The one of the prohibitions is for a former employee at Regions Bank, adding to the at least four [...]
  • Crews awaits swearing-in to seat on NCUA Board

    August 20, 2026 0
    There’s been no news yet of the swearing-in of John Crews to a term on the board of the National Credit Union Administration (NCUA), which is apparently working with all three board seats vacant. Crews, a Treasury official, was nominated [...]

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