22mar10 – Regulatory Report

What's up

[ December 10, 2025 ] OCC says 9 biggest supervised banks engaged in ‘debanking’; more to come OCC
[ December 10, 2025 ] Credit union regulator launches ‘first round’ of changing, eliminating ‘overly burdensome’ regulations NCUA
[ December 10, 2025 ] FinCEN says virtual currency trading platform facilitated suspicious activity; imposes $3.5 million penalty Other
[ December 9, 2025 ] Comptroller jumps on board to oppose state enforcing usury laws on out of state bank, fintech lending OCC
[ December 9, 2025 ] OCC letter: Banks permitted to engage in ‘riskless’ principal crypto-asset transactions OCC

NCUA adds 3 top management, performance challenges faced in 2022; highlights pandemic, diversity (MDIs), staffing

March 10, 2022 0

Of seven top management and performance challenges faced by the agency in 2022, a report just released by the federal credit union regulator’s inspector general office states, three of the challenges are newly identified: ensuring […]

Bureau unveils initiative to address issues of rural America, with focus on banking deserts, discriminatory lending, manufactured housing

March 10, 2022 0

Issues facing rural America are the focus of an initiative launched Thursday by the federal consumer financial protection agency, with particular initial emphasis on rural banking deserts, discriminatory and predatory agricultural credit, and manufactured housing, […]

OCC says 9 biggest supervised banks engaged in ‘debanking’; more to come

December 10, 2025 0

A five-page report (plus cover) providing “preliminary findings” of a supervisory review of purported “debanking” activities by the nine largest banks it supervises was released Wednesday by the Office of the Comptroller of the Currency (OCC). The OCC’s review, still [...]
Credit union regulator launches ‘first round’ of changing, eliminating ‘overly burdensome’ regulations

December 10, 2025 0

Calling it the “first round” of proposed regulatory changes, the federal credit union regulator Wednesday released a laundry list of rules it said it intends to change or remove. According to the National Credit Union Administration (NCUA), it plans to [...]
FinCEN says virtual currency trading platform facilitated suspicious activity; imposes $3.5 million penalty

December 10, 2025 0

A convertible virtual currency, peer-to-peer trading platform was fined $3.5 million for allegedly facilitating more than $500 million in suspicious activity involving “a host of illicit actors,” Treasury’s financial crimes enforcement arm said. The fine against Paxful, Inc., and Paxful [...]
Comptroller jumps on board to oppose state enforcing usury laws on out of state bank, fintech lending

December 9, 2025 0

The courts, or Congress, should remedy the outcome of a legal case decided last month that out-of-state banks and fintech partners lending to someone in Colorado must comply with state interest rate caps, the national banking regulator said Tuesday as [...]
OCC letter: Banks permitted to engage in ‘riskless’ principal crypto-asset transactions

December 9, 2025 0

Banks may engage in “riskless” principal crypto-asset transactions with and on behalf of their customers, according to an interpretive letter released Tuesday by the Office of the Comptroller of the Currency (OCC). The letter, from the agency’s senior deputy comptroller [...]
New credit union, third this year, will provide lending, saving to CA underserved area

December 8, 2025 0

A new credit union will soon be offering financial services – including mortgages and home equity loans — to its membership in the Bay Area of California, its federal regulator said Monday. The charter for Haven Federal Credit Union(FCU) – [...]
Three banks ‘outstanding,’ three others ‘need improvement,’ FDIC says in latest CRA report

December 8, 2025 0

Three banks earned ratings of “outstanding” for their compliance with anti-redlining rules in results of examinations in September, the federal bank deposit insurance agency said Friday. However, three other banks earned ratings of “needs improvement” and the remaining 52 banks [...]