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What's up
  • [ October 30, 2026 ] Kansas bank ordered to pay $2.5 million penalty for not maintaining anti-money laundering program FDIC
  • [ October 30, 2026 ] Deposit insurer wants to rescind rule calling for detailed records, coverage calculations within 24 hours of failure FDIC
  • [ October 30, 2026 ] Two credit unions chartered by federal agency – first pair in 2026—to provide business loans, consumer services NCUA
  • [ October 30, 2026 ] 2 former TX, IL credit union employees barred by NCUA NCUA
  • [ October 28, 2026 ] NCUA proposed budget shows hike of 2.9% for 2027, op fee rate to drop NCUA
Home21mar09

21mar09

COVID-19 actions

Banking agencies issue interim rule revising capital rules in support of capital investment program (ECIP)

March 9, 2021 0

Making capital investments in minority depository institutions (MDIs) and community development financial institutions (CDFIs) through a new program of the Treasury Department is supported in an interim final rule issued Tuesday by the federal banking […]

COVID-19 actions

Harper urges MDI and CDFI-certified credit unions to apply for ECIP funds; application period closes May 7

March 9, 2021 0

Emphasizing the importance of inclusivity within the credit union community to blunt the economic effects of the pandemic, the chairman of the federal credit union regulatory agency on Tuesday encouraged credit unions to submit applications […]

CFPB

Discrimination for sexual orientation, gender identity prohibited, bureau clarifies in rule

March 9, 2021 0

Discrimination for sexual orientation or gender identity is prohibited under equal credit opportunity regulations, the federal consumer financial protection agency said Tuesday. The subhead for the press release announcing the rule issued by the agency […]

FDIC

March 17 webinar will review revisions on brokered deposits, interest rate restrictions

March 9, 2021 0

Recent revisions to regulations on brokered deposits and interest rate restrictions will be discussed in a webinar set for March 17 by the federal insurer of bank deposits, the agency said Monday. In a release, […]

NCUA

Comment periods finally open on proposed credit union rules for ‘simplified’ risk-based capital, ‘S’ element in exam rating system

March 9, 2021 0

After a delay of nearly two months since approved, two proposals from the federal credit union regulator – on simplifying rules for risk-based capital and on adding an “S” to the exam rating system – […]

Today

  • Kansas bank ordered to pay $2.5 million penalty for not maintaining anti-money laundering program

    October 30, 2026 0
    A Kansas bank must pay a $2.5 million civil money penalty (CMP) for its failure to maintain an effective anti-money laundering (AML) program, the federal bank deposit insurer said Friday. According to the Federal Deposit Insurance Corp. (FDIC), CBW Bank [...]
  • Deposit insurer wants to rescind rule calling for detailed records, coverage calculations within 24 hours of failure

    October 30, 2026 0
    A rule would be rescinded that requires banks with $2 million or more in deposits maintain detailed records and calculate deposit insurance coverage within 24 hours of a bank’s failure, under a proposal the federal bank deposit insurance agency issued [...]
  • Two credit unions chartered by federal agency – first pair in 2026—to provide business loans, consumer services

    October 30, 2026 0
    Two new credit union charters – the first such so far in 2026 – were announced Friday by the federal regulator, with the new cooperatives serving memberships on different sides of the country. The National Credit Union Administration (NCUA) said [...]
  • 2 former TX, IL credit union employees barred by NCUA

    October 30, 2026 0
    Two former employees of credit unions — one in Texas, the other in Illinois — are barred from any future service in federally insured depository institutions under prohibition orders announced Friday by the National Credit Union Administration (NCUA). The two [...]
  • NCUA proposed budget shows hike of 2.9% for 2027, op fee rate to drop

    October 28, 2026 0
    Growth in employee compensation, contracted services and administrative expenses for the National Credit Union Share Insurance Fund (NCUSIF) are the key factors behind the federal credit union regulator’s proposed 2027 budget of $325.4 million, the agency said. In its proposal [...]
  • FDIC names new COO with experience mostly from law enforcement agencies

    October 26, 2026 0
    A new chief operating officer (COO) for the federal bank deposit insurance agency has been named, who brings experience largely from law enforcement, the regulator said Monday. Five others were also named to senior positions, the Federal Deposit Insurance Corp. [...]
  • Interest rate risk report exposes some vulnerability for banks over longer term

    October 23, 2026 0
    Economic value of equity (EVE) is more vulnerable to interest rate increases than are other financial indicators, according to the latest interest rate risk statistics report issued Friday by the national bank regulator. According to the quarterly report (for fall [...]

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