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What's up
  • [ May 30, 2025 ] Three former bank workers slapped with prohibitions after alleged fraud, exploiting elders FDIC
  • [ May 30, 2025 ] NCUA bars former CA credit union employee; terminates a cease-and-desist order NCUA
  • [ May 30, 2025 ] FDIC: 359 banks slated for CRA evaluations in second half of 2025 FDIC
  • [ May 29, 2025 ] Powell and Trump meet, Fed says in first such disclosure for 2025 The Fed
  • [ May 29, 2025 ] Fed governor draws line between decline of U.S. financial assets as ‘safe haven’ and financial stability The Fed
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FDIC

Brokered deposits rule from last spring triggers 3 FAQs last week of year

January 3, 2022 0

The brokered deposits rule triggered three new “frequently asked questions” (FAQs) from the Federal Deposit Insurance Corp. (FDIC) last week, covering health savings accounts and filing deadlines under two areas. The new FDIC FAQs cover […]

OCC

Scammer(s) sending counterfeit checks using Powell Valley National Bank’s routing number, OCC reports

January 3, 2022 0

Counterfeit checks delivered to potential scam victims via U.S. Postal Service Priority Mail are reportedly circulating with the routing number of Powell Valley National Bank, Big Stone Gap, Va., the national bank regulator said in […]

OCC

OCC, in latest CRA ratings release, calls 7 out of 23 banks ‘outstanding’ under CRA

January 3, 2022 0

Seven of the 23 banks whose Community Reinvestment Act (CRA) ratings were made public in December received the highest possible rating – outstanding – in recent evaluations by the Office of the Comptroller of the […]

NCUA

Credit union regulator merges struggling CA CU, liquidates another, in late/early year actions

January 3, 2022 0

A California credit union serving postal workers, and operating under federal agency conservatorship since November, has been merged into another credit union in the state, it was announced Monday. The National Credit Union Administration (NCUA) […]

FDIC

After McWilliams’ resignation letter, no word from FDIC, White House on what lies ahead for leadership

January 3, 2022 0

Three days after the announcement of the resignation of its board chairman, effective in February, the federal bank deposit insurer was silent on what lies ahead for the leadership of the agency. Also silent: The […]

Today

  • Three former bank workers slapped with prohibitions after alleged fraud, exploiting elders

    May 30, 2025 0
    Three bank workers were prohibited from further employment by financial institutions under orders issued in April by the federal bank deposit insurance agency, it said Friday. According to the Federal Deposit Insurance Corp. (FDIC), those prohibited were: Maggie Kay Schaefer, [...]
  • NCUA bars former CA credit union employee; terminates a cease-and-desist order

    May 30, 2025 0
    A former employee of Antioch Community Federal Credit Union (Antioch, Calif.) was barred from any future service in a federally insured financial institution due to a May 2024 conviction of embezzlement and other charges, the National Credit Union Administration (NCUA) [...]
  • FDIC: 359 banks slated for CRA evaluations in second half of 2025

    May 30, 2025 0
    The federal bank deposit insurer is slated to evaluate 359 banks under the federal anti-redlining statute, the Community Reinvestment Act (CRA), over the third and fourth quarters of this year, the agency’s published schedules show. The Federal Deposit Insurance Corp. [...]
  • Powell and Trump meet, Fed says in first such disclosure for 2025

    May 29, 2025 0
    What appears to have been the first one-on-one meeting this year between the Federal Reserve Board chairman and the U.S. president took place Thursday at the White House, according to information released by the Fed. The Federal Reserve issued a [...]
  • Fed governor draws line between decline of U.S. financial assets as ‘safe haven’ and financial stability

    May 29, 2025 0
    How possible changes in the role of U.S. financial assets as a “safe haven” might affect financial stability both domestically and internationally is “crucial to examine,” a Federal Reserve governor said Thursday. Fed Gov. Adriana D. Kugler, in opening remarks [...]

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