22may10 – Regulatory Report

What's up

[ June 2, 2026 ] Agencies continue efforts to remove ‘reputation risk’ as a factor in bank supervision FDIC
[ June 2, 2026 ] OIG reports significant bank fraud convictions, fines over six-month period FDIC
[ June 2, 2026 ] CA credit union conserved in January is merged NCUA
[ June 2, 2026 ] Comptroller chief of staff moves over to Treasury Department in same role Other
[ June 1, 2026 ] Bad loans led to ‘significant’ losses, and capital corrosion, in failure of Chicago bank at year’s start NCUA

Cook nomination survives tied Senate vote – broken by VP – to fill Fed Board seat

May 10, 2022 0

Lisa DeNell Cook will be the next governor of the Federal Reserve Board once she is sworn in, following a confirmation vote by the full Senate Tuesday. Cook was confirmed by a vote of 50-50, […]

Agencies continue efforts to remove ‘reputation risk’ as a factor in bank supervision

June 2, 2026 0

References to “reputation risk” have been expunged from interagency documents used by federal banking agencies, the agencies said in a release issued jointly Tuesday. The agencies – Federal Reserve Board, Federal Deposit Insurance Corp. (FDIC), and Office of the Comptroller [...]
OIG reports significant bank fraud convictions, fines over six-month period

June 2, 2026 0

More than $152 million in fines and restitution, and 38 convictions, related to bank fraud were achieved by the inspector general’s office of the federal bank deposit insurance agency over the six-month period of October 2025 through March 2026, the [...]
CA credit union conserved in January is merged

June 2, 2026 0

Beverly Hills City Employees Federal Credit Union, Beverly Hills, Calif., has been merged into Nuvision Federal Credit Union, Huntington Beach, Calif., following about a four-month conservatship, according to a release Tuesday. The National Credit Union Administration (NCUA) placed the $14.9-million-in-assets [...]
Comptroller chief of staff moves over to Treasury Department in same role

June 2, 2026 0

Kate Tyrrell is the new chief of staff for the Treasury Department, the agency said Tuesday, as the former chief of staff and chief operating officer (COO) of the national bank regulator assumes a new role in the department. The [...]
Bad loans led to ‘significant’ losses, and capital corrosion, in failure of Chicago bank at year’s start

June 1, 2026 0

Bad loans resulting in “significant” losses and thus the deterioration of the capital of a Chicago bank led it to become the first to fail in 2026, the federal deposit insurance agency said Monday. The office of inspector general (OIG) [...]
New senior deputy comptroller at OCC for regional, midsize banks

June 1, 2026 0

Benjamin Eddy is the senior deputy comptroller for regional and midsize financial institutions for the Office of the Comptroller of the Currency (OCC), the agency announced Monday. In that role, Eddy oversees the supervision of national banks and federal savings [...]
Latest list of OCC’s CRA ratings includes 9 banks ‘outstanding,’ 9 ‘satisfactory’

June 1, 2026 0

Half of the 18 banks whose ratings under the anti-redlining Community Reinvestment Act (CRA) became public in May were deemed “outstanding,” information released by the national bank regulator Monday shows. The other nine banks, the list from Office of the [...]
Former CEO of failed $1 billion credit union prohibited by agency following 2018 conviction

May 29, 2026 0

The former chief executive officer of a now-closed New York credit union has been prohibited from future service (becoming an “institution-affiliated party”) at any federally insured financial institution, the federal regulator said Friday. Alan S. Kaufman, the former CEO of [...]
210 banks slated for CRA exams by FDIC over next two quarters

May 29, 2026 0

The federal bank deposit insurer has slated 210 banks for examinations under the anti-redlining Community Reinvestment Act (CRA) over the next two quarters, according to information released Friday by the agency. The Federal Deposit Insurance Corp. (FDIC), in a release, [...]