22jul26 – Regulatory Report

What's up

[ April 6, 2026 ] Reputation risk ban final rule, proposal on stablecoins requirements set for consideration by FDIC FDIC
[ April 3, 2026 ] Former banker prohibited after theft of funds used to replenish ATMs The Fed
[ April 3, 2026 ] One-member NCUA Board to hear briefings on several subjects – but take no action NCUA
[ April 3, 2026 ] CRA ratings list includes 3 banks deemed ‘outstanding,’ FDIC info shows FDIC
[ April 2, 2026 ] Comptroller promotes two to positions overseeing bank chartering, policies activities OCC

Hyundai finance arm slapped with $19 million fine for providing inaccurate info to credit reporting companies

July 26, 2022 0

A fine of $19 million has been ordered against a Korean auto manufacturer-owned finance company for “repeatedly providing inaccurate information to nationwide credit reporting companies” and failing to address the bad information once it was […]

Manual on trust department examination updated, focusing on policies, planning, more

July 26, 2022 0

Bank trust department policies and other areas are the subjects of an update to an examination risk management manual issued by the federal bank deposit insurer Tuesday. According to the Federal Deposit Insurance Corp. (FDIC), […]

Reputation risk ban final rule, proposal on stablecoins requirements set for consideration by FDIC

April 6, 2026 0

A final rule on banning use of reputation risk by itself as a regulator and a stablecoins proposed rule and is on the agenda for the board of the federal bank deposit insurance regulator for Tuesday, the agency said late [...]
Former banker prohibited after theft of funds used to replenish ATMs

April 3, 2026 0

A former North Carolina banker was prohibited after pleading guilty to alleged embezzlement of more than $33,000, the Federal Reserve said Friday. In a release, the Fed said Mollie Morrow, a former sales representative for United Bank in Washington, N.C., [...]
One-member NCUA Board to hear briefings on several subjects – but take no action

April 3, 2026 0

Brokered and reciprocal deposits, and a deregulation plan, are on the agenda for a meeting of the one-member board of the federal credit union regulator set for April 9, the agency said late Thursday. The National Credit Union Administration (NCUA) [...]
CRA ratings list includes 3 banks deemed ‘outstanding,’ FDIC info shows

April 3, 2026 0

Three banks rated “outstanding” and 35 deemed “satisfactory” for their performance under the anti-redlining Community Reinvestment Act (CRA) were on the latest list of banks rated by the Federal Deposit Insurance Corp. (FDIC) in January. The list, released Friday, shows [...]