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What's up
  • [ February 27, 2026 ] New bank for investment firm Edward Jones wins federal insurance for Utah industrial charter FDIC
  • [ February 27, 2026 ] OCC: Final rule clarifies national trust banks may engage in non-fiduciary activities OCC
  • [ February 27, 2026 ] Former tellers prohibited following scheme to launder illicit drug proceeds through bank’s vault FDIC
  • [ February 27, 2026 ] NCUA bars 5 former credit union employees from future FI service NCUA
  • [ February 27, 2026 ] FDIC, OCC release Q2, Q3 CRA evaluation schedules FDIC
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The Fed

Comments due April 5 on Fed-proposed supervision framework for bank-owned insurance organizations

February 4, 2022 0

The Federal Reserve Board’s proposed guidance for implementing a framework to supervise insurance organizations owned by banks – and overseen by the Federal Reserve – is out for public comment until April 5, according to […]

The Fed

With confirmation still pending, Powell voted chair pro tempore by Fed Board

February 4, 2022 0

Jerome H. (“Jay”) Powell was named chair pro tempore in a vote Friday of the Federal Reserve Board, ensuring Powell’s ability to continue to carry out his duties as chair as he awaits Senate confirmation […]

Other

Using LIBOR in contracts? Renegotiate or adopt ‘robust’ fallback language now, group’s leader writes

February 4, 2022 0

Market participants must renegotiate and amend existing contracts to move away from a now-defunct reference interest rate – or incorporate “robust fallback language,” the head of the group that developed an alternative rate wrote Thursday. […]

FDIC

Deposit insurance agency, trade group, announce podcast series focusing on minority depository institutions

February 4, 2022 0

Showcasing public- and private-sector efforts to preserve and promote minority depository institutions (MDIs) and advance diversity and inclusion across financial services is the aim of a series of podcasts jointly planned by the federal bank […]

Other

FSOC supports interagency group to identify, monitor financial stability risks from hedge funds

February 4, 2022 0

Efforts to establish an interagency risk monitoring system to identify potential emerging financial stability risks from hedge funds is supported by federal financial regulators, the agencies said in a joint statement Friday. The Financial Stability […]

Today

  • New bank for investment firm Edward Jones wins federal insurance for Utah industrial charter

    February 27, 2026 0
    An investment firm with more than $2.2 trillion in assets under management has been awarded deposit insurance for a new industrial bank it has chartered in Salt Lake City, the federal bank deposit insurance agency said Friday. According to the [...]
  • OCC: Final rule clarifies national trust banks may engage in non-fiduciary activities

    February 27, 2026 0
    A final rule that aligns regulatory language with related language in underlying statute clarifies that national trust banks may engage in non-fiduciary activities, the national bank regulator announced in a bulletin Friday. The final rule, effective April 1, was issued [...]
  • Former tellers prohibited following scheme to launder illicit drug proceeds through bank’s vault

    February 27, 2026 0
    Two Indiana bankers – who both worked for the same bank in Covington, Ind. – were prohibited from further work in a financial institution after pleading guilty to laundering more than $1.6 million of illicit drug sales proceeds, the federal [...]
  • NCUA bars 5 former credit union employees from future FI service

    February 27, 2026 0
    Five former employees of credit unions are permanently barred from future service in any federally insured depository institution under one consent order and four notices of prohibition announced Friday. The release by the National Credit Union Administration (NCUA) said the [...]
  • FDIC, OCC release Q2, Q3 CRA evaluation schedules

    February 27, 2026 0
    Nearly 400 banks are slated for evaluations under the anti-redlining Community Reinvestment Act (CRA) over the following two calendar quarters, according to schedules released Friday. Both the Federal Deposit Insurance Corp. (FDIC) and the Office of the Comptroller of the [...]
  • OCC issues GENIUS proposal of its own, catching up with other regulators

    February 26, 2026 0
    Months after another federal banking regulator – and the federal credit union regulator — issued a proposal to implement new laws allowing banks to issue stablecoins through subsidiaries, the national bank regulator has now done the same, it said late [...]
  • FinCEN solicits nominations to BSA advisory panel

    February 25, 2026 0
    Treasury’s financial crimes enforcement arm is seeking nominations of eligible organizations – including smaller financial institutions subject to the Bank Secrecy Act (BSA) and entities that can share insights on BSA framework modernization and implementation of the GENIUS Act – [...]

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