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  • [ June 13, 2025 ] Fed to reveal annual stress test results for big banks June 27; makes models public The Fed
  • [ June 12, 2025 ] OIG report: Credit union regulator needs to ‘mature’ its cyber threat info sharing processes; and more NCUA
  • [ June 12, 2025 ] Households saw net worth decline as equity markets took hits, Fed reports; home values continued to fall The Fed
  • [ June 11, 2025 ] ‘Proper contract oversight’ thwarted by agency’s lack of compliance with own policies during failure of three banks, report asserts FDIC
  • [ June 10, 2025 ] UPDATED: McKernan nominated to head Treasury domestic finance office; CFPB director nomination withdrawn Other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

  • Fed to reveal annual stress test results for big banks June 27; makes models public

    June 13, 2025 0
    Annual stress tests results will be released June 27, the Federal Reserve said Friday, adding that the document providing details about the models used in the test are now public. This year’s stress tests covered 22 large banks. The scenario [...]
  • OIG report: Credit union regulator needs to ‘mature’ its cyber threat info sharing processes; and more

    June 12, 2025 0
    Eight recommendations for governance and process improvements and a discussion of the federal credit union regulator’s continuing need for third-party oversight authority are highlights of a new inspector general report on the agency’s cyber threat information sharing. In the report, [...]
  • Households saw net worth decline as equity markets took hits, Fed reports; home values continued to fall

    June 12, 2025 0
    Net worth of households nationwide fell by $1.6 trillion in the first quarter of the year, while households debt increased by a 1.9% annual rate in the same period, the Federal Reserve said Thursday. In releasing its figures for financial [...]
  • ‘Proper contract oversight’ thwarted by agency’s lack of compliance with own policies during failure of three banks, report asserts

    June 11, 2025 0
    Lack of compliance with some of the federal bank deposit insurance agency’s acquisition policies and procedures thwarted its ability to ensure proper contract oversight management during the failure of three large regional banks in 2023, according to a report by [...]
  • UPDATED: McKernan nominated to head Treasury domestic finance office; CFPB director nomination withdrawn

    June 10, 2025 0
    Jonathan McKernan, previously nominated to be director of the Consumer Financial Protection Bureau (CFPB), is now instead nominated to succeed former Treasury Under Secretary for Domestic Finance Nellie Liang, who reportedly resigned from the post early this year. Treasury’s domestic [...]

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