21mar05 – Regulatory Report

What's up

[ May 7, 2026 ] New AI products on market present possible risks, benefits agency advises in latest ‘Risk Perspective’ OCC
[ May 7, 2026 ] Regulator takes control of Jackson, Miss., credit union citing ‘unsafe, unsound practices’ NCUA
[ May 6, 2026 ] In latest ‘deregulation,’ credit union regulator proposes to match banks on prohibition thresholds for management interlocks NCUA
[ May 5, 2026 ] Loan demand remains flat in most cases, as lending standards stay tight, survey finds The Fed
[ May 5, 2026 ] Latest CRA rating list shows banks doing well in complying with anti-redlining rules FDIC

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 […]

New AI products on market present possible risks, benefits agency advises in latest ‘Risk Perspective’

May 7, 2026 0

A sound understanding of artificial intelligence (AI) possible risks — and benefits — that can assist with cybersecurity functions are among the top threats and opportunities facing banks, according to a report issued by the national bank regulator Thursday. In [...]
Regulator takes control of Jackson, Miss., credit union citing ‘unsafe, unsound practices’

May 7, 2026 0

“Unsafe and unsound practices” at a $162 million-in-assets Jackson, Miss., credit union led to its conservatorship by the federal regulator, the agency said late Wednesday. Jackson Area Federal Credit Union (FCU) counts 15,500-plus members, the National Credit Union Administration (NCUA) [...]
In latest ‘deregulation,’ credit union regulator proposes to match banks on prohibition thresholds for management interlocks

May 6, 2026 0

The major assets prohibition threshold for credit union management interlocks would be raised to $10 billion – a four-fold increase from the current threshold of $2.5 billion, and matching that of bank regulations – under the latest “deregulation” proposal issued [...]
Loan demand remains flat in most cases, as lending standards stay tight, survey finds

May 5, 2026 0

There was no uptick in demand for most loans, and lending standards remained tight, in the first quarter according to survey results released Monday by the Federal Reserve. The agency said results of its April 2026 Senior Loan Officer Opinion [...]
Latest CRA rating list shows banks doing well in complying with anti-redlining rules

May 5, 2026 0

Eight banks, out of 46 total, earned “outstanding” ratings from the federal bank deposit insurance agency for their compliance with rules implementing anti-redlining laws, the agency said Tuesday. The ratings, the Federal Deposit Insurance Corp. (FDIC) said, were for banks [...]