22feb07 – Regulatory Report

What's up

[ February 4, 2026 ] Lax oversight of IT contract resulted in compliance issues with internal policies, FDIC watchdog finds in audit FDIC
[ February 2, 2026 ] Credit union regulator takes on additional, paid role as member of another regulatory agency’s panel NCUA
[ February 2, 2026 ] Despite tighter standards, lending for C&I picked up for larger firms in 4Q ’25, report contends The Fed
[ February 2, 2026 ] $261 million Chicago bank becomes first to fail in 2026; office reopened Monday under new owner FDIC
[ February 2, 2026 ] OCC rates 8 banks ‘outstanding’ under anti-redlining statute; another 21 deemed ‘satisfactory’ OCC

Agencies to hold public meeting March 8 to consider acquisition by U.S. Bancorp of MUFG bank

February 7, 2022 0

A proposed acquisition of one large bank by another has prompted a joint public meeting by two federal banking agencies, ostensibly to collect information from stakeholders as the agencies evaluate the applications, the two said […]

Agency schedules slate of webinars for national community bank, federal savings associations directors

February 7, 2022 0

Workshops for directors of national community banks and federal savings associations are being planned by their federal regulator, covering a variety of topics, the agency announced Monday. The Office of the Comptroller of the Currency […]

Webinar aims to explain new credit union capital adequacy framework

February 7, 2022 0

New rules on credit union capital requirements and adequacy will be the focus of a webinar hosted by credit unions’ federal regulator Feb. 23, the agency said Monday. The National Credit Union Administration (NCUA) said […]

Lax oversight of IT contract resulted in compliance issues with internal policies, FDIC watchdog finds in audit

February 4, 2026 0

Lax oversight of a contractor for a $300 million information technology project resulted in questionable compliance with internal policies, including holding the contractor to agreed-upon metrics, the inspector general for the federal bank deposit insurance agency said Wednesday. In a [...]
Credit union regulator takes on additional, paid role as member of another regulatory agency’s panel

February 2, 2026 0

In an unusual development, two positions on federal regulatory panels will be held by the current board chairman of the credit union regulator, he announced late Friday. National Credit Union Administration (NCUA) Board Chairman Kyle Hauptman, in a statement, thanked [...]
Despite tighter standards, lending for C&I picked up for larger firms in 4Q ’25, report contends

February 2, 2026 0

Lending standards were tighter for commercial and industrial loans in the final quarter of last year, but demand was “stronger” for the borrowing among some firms, according to a report issued Monday by the Federal Reserve. In its Senior Loan [...]
$261 million Chicago bank becomes first to fail in 2026; office reopened Monday under new owner

February 2, 2026 0

A failed Chicago bank was scheduled to reopen Monday after 96% of its assets were acquired by a Detroit institution, the federal deposit insurance agency said late Friday. The first bank to fail in 2026 is a $261 million in [...]
OCC rates 8 banks ‘outstanding’ under anti-redlining statute; another 21 deemed ‘satisfactory’

February 2, 2026 0

Eight out of the 29 banks whose Community Reinvestment Act (CRA) performance ratings became public in January received “outstanding” marks from the Office of the Comptroller of the Currency (OCC). The remaining 21 banks were rated “satisfactory,” according to the [...]
Trio of small banks end deposit insurance, including 121-year-old Alabama former S&L

January 30, 2026 0

Three small banks in Arizona, Florida and Alabama – the latter of which was 121 years old – have voluntarily ended their federal deposit insurance, their federal insurer said Friday. The Federal Deposit Insurance Corp. (FDIC) said First Community Bank [...]
NCUA IG will report on travel card audit later this year, letter shows

January 30, 2026 0

Noting it “did not issue any reports with recommendations” related to the agency’s charge card programs in fiscal 2025, the National Credit Union Administration told the federal budget office it is currently conducting an audit related to its travel card [...]

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