21may13 – Regulatory Report

What's up

[ January 15, 2026 ] Banker prohibited after charges of embezzling more than $800k to allegedly cover foreign exchange bets OCC
[ January 15, 2026 ] Former Texas loan officer banned after allegations of mortgage fraud of at least $1.7 million The Fed
[ January 15, 2026 ] NCUA highlights risk-focused exams, lending, more in 2026 supervisory priorities letter NCUA
[ January 14, 2026 ] Economic activity picks up – but so do prices, as higher income buyers indulge, but lower income purchasers ‘price sensitive’ The Fed
[ January 14, 2026 ] FinCEN, Treasury FAQs attempt to clarify order aimed at Minnesota banks over fraud claims Other

Final derivatives rule, insurance fund actions on credit union regulator board’s agenda

May 13, 2021 0

A final rule on investments in derivatives by credit unions, and two items that could have a significant impact on a savings insurance premium for credit unions, are all on the agenda for the board […]

NCUA reg review includes golden parachute/indemnification payments, security program rules, more

May 13, 2021 0

Rules focused on security programs and crime reporting, records preservation, golden parachute and indemnification payments, and more are among those included in the federal credit union regulator’s scheduled 2021 review of one-third of its regulations, […]

Banker prohibited after charges of embezzling more than $800k to allegedly cover foreign exchange bets

January 15, 2026 0

A Union City, Calif., banker – alleged to have embezzled more than $800,000 from a Wells Fargo Bank branch over about eight months to cover bets on foreign exchange — has been prohibited from further service in federally insured financial [...]
Former Texas loan officer banned after allegations of mortgage fraud of at least $1.7 million

January 15, 2026 0

A former loan officer of a mortgage lender owned by a Texas bank holding company is now banned from working in a federally insured financial institution for allegedly originating fraudulent mortgage loans of at least $1.7 million, the Federal Reserve [...]
NCUA highlights risk-focused exams, lending, more in 2026 supervisory priorities letter

January 15, 2026 0

With a release reiterating the agency’s stance of “no regulation by enforcement,” the federal credit union regulator this week issued its 2026 supervisory priorities, addressing areas such as credit unions’ balance sheet management, rate sensitivity, payments system risks and more. [...]
Economic activity picks up – but so do prices, as higher income buyers indulge, but lower income purchasers ‘price sensitive’

January 14, 2026 0

Economic activity picked up over the last month – but so did prices, according to the latest gauge of the economy published Wednesday by the Federal Reserve. In its latest Beige Book, the Fed noted that overall economic activity rose [...]
FinCEN, Treasury FAQs attempt to clarify order aimed at Minnesota banks over fraud claims

January 14, 2026 0

“Frequently asked questions” (FAQs) about the order aimed at Minnesota financial institutions were released late Tuesday by the Treasury Departments anti-financial crimes arm. The FAQs address the “Geographic Targeting Order” (GTO) issued Jan. 9 by the Treasury, the Financial Crimes [...]