22mar15 – Regulatory Report

What's up

[ November 19, 2025 ] White House offers OMB staffer, with focus on environment, to become consumer bureau director CFPB
[ November 19, 2025 ] Regulator takes control of small PA credit union, citing unsafe, unsound practices NCUA
[ November 18, 2025 ] Fed’s Barr warns of ‘real dangers’ from weakened bank supervision The Fed
[ November 18, 2025 ] New ‘sharpened’ focus for Fed examiners released, signifying ‘a significant shift’ from past practices The Fed
[ November 18, 2025 ] Bank may pay ‘gas fees’ on blockchain networks, agency confirms in letter OCC

Raskin withdraws from consideration for Fed Board; Biden urges swift action on remaining Fed nominees

March 15, 2022 0

Lacking support of a key Democrat and moderate Republicans, Sarah Bloom Raskin on Tuesday withdrew as the president’s nominee to take the top supervision post at the Federal Reserve Board, reports said. President Joe Biden […]

FDIC rescinds pandemic-related, 45-day extension period for Part 363 annual report filing

March 15, 2022 0

A March 2020 Financial Institution Letter (FIL) that gave insured banks an additional 45 days, in response to the coronavirus, to file their statutorily required annual reports with the federal bank deposit insurer has been […]

White House offers OMB staffer, with focus on environment, to become consumer bureau director

November 19, 2025 0

The next leader for the federal consumer financial protection agency would be a staff member of the White House budget office – who has focused on environmental issues — if the Senate confirms the nomination, which it received Tuesday. According [...]
Regulator takes control of small PA credit union, citing unsafe, unsound practices

November 19, 2025 0

A small Pennsylvania credit union was placed into conservatorship by its federal regulator late Tuesday, which cited “unsafe and unsound practices,” the agency said. Copper & Glass Federal Credit Union in Glassport, Pa. – which has 1,255 members and assets [...]
Fed’s Barr warns of ‘real dangers’ from weakened bank supervision

November 18, 2025 0

Growing pressures to weaken bank supervision – to scale back bank examiner coverage, dilute ratings systems, and redefine “unsafe and unsound” – present “real dangers” to the American people, Federal Reserve Board Gov. Michael Barr said Tuesday. Speaking in Washington [...]
New ‘sharpened’ focus for Fed examiners released, signifying ‘a significant shift’ from past practices

November 18, 2025 0

Examiners will focus on material financial risks threatening safety and soundness of the banks they review and on taking “timely, proportionate action” to ensure the risks are “properly addressed,” the Federal Reserve said Tuesday in releasing its revamped supervisory operating [...]
Bank may pay ‘gas fees’ on blockchain networks, agency confirms in letter

November 18, 2025 0

So-called “gas fees” – or network fees – may be paid on blockchain networks, the national bank regulator said Tuesday in an interpretive letter, to facilitate “otherwise permissible activities.” The Office of the Comptroller of the Currency (OCC) said national [...]