22feb10 – Regulatory Report

What's up

[ May 8, 2026 ] NCUA says proposal would help ‘streamline’ share insurance rules NCUA
[ May 8, 2026 ] OCC lists one crime – for disclosure of non-public information – in report on ‘overcriminalization’ of federal regulation OCC
[ May 7, 2026 ] New AI products on market present possible risks, benefits, agency advises in latest ‘Risk Perspective’ OCC
[ May 7, 2026 ] Regulator takes control of Jackson, Miss., credit union citing ‘unsafe, unsound practices’ NCUA
[ May 6, 2026 ] In latest ‘deregulation,’ credit union regulator proposes to match banks on prohibition thresholds for management interlocks NCUA

Regulatory, enforcement agencies note flaw in Appraisal Foundation’s description of banned discrimination

February 10, 2022 0

Representatives from eight federal agencies and departments, including the Department of Justice (DOJ), last week told The Appraisal Foundation that its ethics rule and Advisory Opinion 16 fall short in describing what constitutes federally prohibited […]

Chicago bank faces penalty for violations of flood insurance requirements

February 10, 2022 0

A $21 billion Chicago bank faces a quarter-million dollar fine for violations of rules implementing flood insurance requirements, the Federal Reserve said Thursday. First Midwest Bank of Chicago, according to the Fed, was assessed a […]

NCUA says proposal would help ‘streamline’ share insurance rules

May 8, 2026 0

The federal credit union regulator is proposing to eliminate some and transfer other provisions of its federal share insurance rules affecting federal and federally insured, state-chartered credit unions (FISCUs) that, in most cases, the agency says serve as cross references. [...]
OCC lists one crime – for disclosure of non-public information – in report on ‘overcriminalization’ of federal regulation

May 8, 2026 0

One crime is outlined by the national bank regulator to comply with an executive order demanding federal agencies reduce “overcriminalization” of their rules, in a report issued Friday. In compliance with Executive Order (EO) 14294, issued May 9, 2025 (and [...]
New AI products on market present possible risks, benefits, agency advises in latest ‘Risk Perspective’

May 7, 2026 0

A sound understanding of artificial intelligence (AI) possible risks — and benefits — that can assist with cybersecurity functions are among the top threats and opportunities facing banks, according to a report issued by the national bank regulator Thursday. In [...]
Regulator takes control of Jackson, Miss., credit union citing ‘unsafe, unsound practices’

May 7, 2026 0

“Unsafe and unsound practices” at a $162 million-in-assets Jackson, Miss., credit union led to its conservatorship by the federal regulator, the agency said late Wednesday. Jackson Area Federal Credit Union (FCU) counts 15,500-plus members, the National Credit Union Administration (NCUA) [...]
In latest ‘deregulation,’ credit union regulator proposes to match banks on prohibition thresholds for management interlocks

May 6, 2026 0

The major assets prohibition threshold for credit union management interlocks would be raised to $10 billion – a four-fold increase from the current threshold of $2.5 billion, and matching that of bank regulations – under the latest “deregulation” proposal issued [...]
Loan demand remains flat in most cases, as lending standards stay tight, survey finds

May 5, 2026 0

There was no uptick in demand for most loans, and lending standards remained tight, in the first quarter according to survey results released Monday by the Federal Reserve. The agency said results of its April 2026 Senior Loan Officer Opinion [...]
Latest CRA rating list shows banks doing well in complying with anti-redlining rules

May 5, 2026 0

Eight banks, out of 46 total, earned “outstanding” ratings from the federal bank deposit insurance agency for their compliance with rules implementing anti-redlining laws, the agency said Tuesday. The ratings, the Federal Deposit Insurance Corp. (FDIC) said, were for banks [...]