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What's up
  • [ July 13, 2026 ] New reg guidance focuses on risk to FIs of lending to those not authorized to work in U.S. FDIC
  • [ July 13, 2026 ] Smallest standalone bank in U.S. fails; estimated to cost federal insurance fund $1.2 million FDIC
  • [ July 13, 2026 ] Tiny Kansas City credit union conserved following finding of ‘unsafe, unsound’ practices NCUA
  • [ July 10, 2026 ] Regulators encourage banks, credit unions to follow voluntary information sharing under FinCEN guidance FDIC
  • [ July 9, 2026 ] Exam council updates loan category jargon, changes liquidity and funding pages in performance report Other
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NCUA

Credit union regulator announces funds it operates given ‘clean’ opinions by independent auditor

February 15, 2022 0

“Clean” audit opinions were given to four funds operated by the federal credit union regulator, the agency said Tuesday. The unmodified audited financial statements are for the four funds run by the National Credit Union […]

OCC

OCC’s Project REACh focuses financial system barrier-busting effort on Detroit

February 15, 2022 0

Efforts to open up economic and financial system access for Detroit’s underserved communities were launched Tuesday by the Office of the Comptroller of the Currency (OCC). The agency said Acting Comptroller of the Currency Michael […]

The Fed

Dickering over Raskin responses to questions, Senate GOP panel members boycott Fed Board vote; 5 nominations stalled for now

February 15, 2022 0

Five Federal Reserve Board nominees received “yes” votes Wednesday for a recommendation to the Senate for confirmation from all 12 Democratic members of the Senate Banking Committee – but none of the 12 Republicans on […]

CFPB

Bulletin confirms that EFTA consumer protections apply to government benefits paid through prepaid cards

February 15, 2022 0

Government contractors that illegally harvest fees from government benefits provided through prepaid cards will face enforcement actions, the federal consumer financial protection agency said Tuesday in issuing a compliance bulletin. In a release, the Consumer […]

FDIC

FDIC jumps on stress-test bandwagon, releasing scenarios for banks with $250 billion or more in assets

February 15, 2022 0

Hypothetical economic scenarios for use by banks with more than $250 billion in assets to be used in stress tests were released Tuesday by the federal insurer of bank deposits. In releasing the scenarios, the […]

Today

  • New reg guidance focuses on risk to FIs of lending to those not authorized to work in U.S.

    July 13, 2026 0
    Guidance issued Monday by the federal bank and credit union regulators reminds supervised institutions of their obligations related to credit risk management with regard to borrowers who are not legally authorized to work in the United States. The guidance, issued [...]
  • Tiny Kansas City credit union conserved following finding of ‘unsafe, unsound’ practices

    July 13, 2026 0
    A tiny Missouri credit union is now under the control of its federal regulator as the agency works to resolve issues resulting from its unsafe, unsound practices, the agency said late Friday. WeDevelopment Federal Credit Union (FCU) of Kansas City, [...]
  • Regulators encourage banks, credit unions to follow voluntary information sharing under FinCEN guidance

    July 10, 2026 0
    Saying it recognizes fraud and other unlawful activity as a “significant and growing concern nationwide for banks and consumers,” the bank deposit insurance agency late Thursday encouraged banks to follow voluntary information sharing issued last month by the Treasury’s financial [...]

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