21mar05 – Regulatory Report

What's up

[ May 30, 2025 ] Three former bank workers slapped with prohibitions after alleged fraud, exploiting elders FDIC
[ May 30, 2025 ] NCUA bars former CA credit union employee; terminates a cease-and-desist order NCUA
[ May 30, 2025 ] FDIC: 359 banks slated for CRA evaluations in second half of 2025 FDIC
[ May 29, 2025 ] Powell and Trump meet, Fed says in first such disclosure for 2025 The Fed
[ May 29, 2025 ] Fed governor draws line between decline of U.S. financial assets as ‘safe haven’ and financial stability The Fed

Model privacy form, fintechs’ use of alternative data among areas flagged for CFPB action, report shows

March 5, 2021 0

A recent report by the federal agency charged with financial consumer protection provides a window into some of the actions currently underway – including a potential update of the model privacy form explaining information-sharing to […]

Vaccine, economic improvements raising some optimism, but concern remains over lending

March 5, 2021 0

While the accelerating rollout and inoculations of COVID-19 vaccinations are raising economic optimism in some districts across the country, some challenges remain for financial institutions in non-mortgage lending as deposits continue to rise, according to […]

Three former bank workers slapped with prohibitions after alleged fraud, exploiting elders

May 30, 2025 0

Three bank workers were prohibited from further employment by financial institutions under orders issued in April by the federal bank deposit insurance agency, it said Friday. According to the Federal Deposit Insurance Corp. (FDIC), those prohibited were: Maggie Kay Schaefer, [...]
NCUA bars former CA credit union employee; terminates a cease-and-desist order

May 30, 2025 0

A former employee of Antioch Community Federal Credit Union (Antioch, Calif.) was barred from any future service in a federally insured financial institution due to a May 2024 conviction of embezzlement and other charges, the National Credit Union Administration (NCUA) [...]
FDIC: 359 banks slated for CRA evaluations in second half of 2025

May 30, 2025 0

The federal bank deposit insurer is slated to evaluate 359 banks under the federal anti-redlining statute, the Community Reinvestment Act (CRA), over the third and fourth quarters of this year, the agency’s published schedules show. The Federal Deposit Insurance Corp. [...]
Powell and Trump meet, Fed says in first such disclosure for 2025

May 29, 2025 0

What appears to have been the first one-on-one meeting this year between the Federal Reserve Board chairman and the U.S. president took place Thursday at the White House, according to information released by the Fed. The Federal Reserve issued a [...]
Fed governor draws line between decline of U.S. financial assets as ‘safe haven’ and financial stability

May 29, 2025 0

How possible changes in the role of U.S. financial assets as a “safe haven” might affect financial stability both domestically and internationally is “crucial to examine,” a Federal Reserve governor said Thursday. Fed Gov. Adriana D. Kugler, in opening remarks [...]