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What's up
  • [ July 9, 2026 ] Exam council updates loan category jargon, changes liquidity and funding pages in performance report Other
  • [ July 9, 2026 ] Bank holding companies reach agreement with Fed in wake of 2025 finding of ‘unsafe, unsound practices’ for Illinois bank OCC
  • [ July 8, 2026 ] NCUA fund has $13 million available for loans to low-income credit unions NCUA
  • [ July 7, 2026 ] Fed gets in on the act for anti-money laundering changes with other regulators, proposing focus on risk The Fed
  • [ July 7, 2026 ] OCC sets places, dates for summer director, senior manager workshops OCC
Home22dec20

22dec20

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COVID-19 actions

Emergency exemption for ‘virtual-only’ FCU membership, board meetings expires Dec. 31

December 20, 2022 0

A COVID-19-related bylaw amendment for authorizing virtual-only membership and board meetings by federal credit unions (FCUs)  is set to expire Dec. 31, according to a letter from the institutions’ federal regulator. The bylaw was approved […]

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FDIC

Full board ahead for FDIC as Senate confirms two-time chairman, vice chairman, member

December 20, 2022 0

A full board, for the first time in years, will be featured at the next meeting of the board for the federal deposit insurance agency now that the Senate has confirmed a chairman and two […]

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CFPB

Wells Fargo faces $3.7 billion in redress, fines for ‘widespread mismanagement’ of customer accounts

December 20, 2022 0

Citing “widespread mismanagement of auto loans, mortgages, and deposit accounts,” the federal consumer financial protection agency ordered $3.7 billion to be paid in fines and redress by one of the nation’s largest banks, the agency […]

Today

  • Exam council updates loan category jargon, changes liquidity and funding pages in performance report

    July 9, 2026 0
    Updates to loan category nomenclature and changes to the liquidity and funding page on the uniform report that financial institutions file of their financial condition were published Thursday by the umbrella group for federal regulators. The changes to the Uniform [...]
  • Bank holding companies reach agreement with Fed in wake of 2025 finding of ‘unsafe, unsound practices’ for Illinois bank

    July 9, 2026 0
    A 2025 formal agreement over the unsafe and unsound practices of an Illinois bank has been extended by the Federal Reserve to maintain the soundness of its bank holding company, the agency said Thursday. The Fed said the agreement it [...]
  • NCUA fund has $13 million available for loans to low-income credit unions

    July 8, 2026 0
    The federal credit union regulator is accepting applications for loans from its Community Development Revolving Loan Fund (CDRLF), with a total of $13 million available for loans to low-income-designated credit unions. The National Credit Union Administration (NCUA) announced the funding [...]
  • Kansas bank found ‘significantly undercapitalized,’ must seek acquisition, merger with another institution

    July 2, 2026 0
    A Lenexa, Kansas, bank is “significantly undercapitalized” and has adopted a prompt corrective action directive prepared by the Federal Reserve, the agency said Thursday. Small Business Bank of Lenexa adopted the prompt corrective action directive after being found undercapitalized by [...]
  • Agency promotes from within for leader to oversee supervisory data, systems

    July 2, 2026 0
    Supervisory data, systems, reports and analytics, in support of supervision objectives and the national bank regulator’s mission, will be the responsibility of Jamie Wilds, the agency announced Thursday. In a release, the Office of the Comptroller of the Currency (OCC) [...]

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