23dec06 – Regulatory Report

What's up

[ November 5, 2026 ] Contrary to some congressional views, U.S. regulators are ‘active participants’ in international standards setting Other
[ November 5, 2026 ] Annual data on small biz, farm and community development lending released by banking agencies, complying with CRA Other
[ November 4, 2026 ] Supervisory framework issued for examiners to use in evaluating bank use of AI OCC
[ October 30, 2026 ] Kansas bank ordered to pay $2.5 million penalty for not maintaining anti-money laundering program FDIC
[ October 30, 2026 ] Deposit insurer wants to rescind rule calling for detailed records, coverage calculations within 24 hours of failure FDIC

Search ‘underway’ for law firm to oversee review of FDIC sexual harassment claims

December 6, 2023 0

A search for a law firm to conduct an independent review of the workplace culture of the federal insurer of bank deposits is underway, according to a statement issued by the special committee of agency’s […]

BNPL risks addressed in new guidance; expects ‘safe, sound,’ fair access to services

December 6, 2023 0

Risks associated with “buy now, pay later” (BNPL) lending programs are addressed in guidance issued Wednesday by the regulator of national banks. The guidance, according to the Office of the Comptroller of the Currency (OCC), […]

Contrary to some congressional views, U.S. regulators are ‘active participants’ in international standards setting

November 5, 2026 0

Federal banking agencies have been “active participants” in developing or updating international banking standards, a new report issued Thursday by the congressional watchdog finds – even though some members of Congress believed the regulators had limited input. The report, issued [...]
Annual data on small biz, farm and community development lending released by banking agencies, complying with CRA

November 5, 2026 0

Data on small business, small farm, and community development lending during 2025 were released Thursday as required under anti-redlining laws and rules by the federal banking agencies. The data were released by the agencies as members of the Federal Financial [...]
Supervisory framework issued for examiners to use in evaluating bank use of AI

November 4, 2026 0

Evaluating banks’ use of Super Intelligence (SI, more commonly known as “artificial intelligence” (AI)) in “normal-course business activities” by examiners is the aim of a supervisory framework issued Wednesday by the national bank regulator. The Office of the Comptroller of [...]
Kansas bank ordered to pay $2.5 million penalty for not maintaining anti-money laundering program

October 30, 2026 0

A Kansas bank must pay a $2.5 million civil money penalty (CMP) for its failure to maintain an effective anti-money laundering (AML) program, the federal bank deposit insurer said Friday. According to the Federal Deposit Insurance Corp. (FDIC), CBW Bank [...]
Deposit insurer wants to rescind rule calling for detailed records, coverage calculations within 24 hours of failure

October 30, 2026 0

A rule would be rescinded that requires banks with $2 million or more in deposits maintain detailed records and calculate deposit insurance coverage within 24 hours of a bank’s failure, under a proposal the federal bank deposit insurance agency issued [...]
Two credit unions chartered by federal agency – first pair in 2026—to provide business loans, consumer services

October 30, 2026 0

Two new credit union charters – the first such so far in 2026 – were announced Friday by the federal regulator, with the new cooperatives serving memberships on different sides of the country. The National Credit Union Administration (NCUA) said [...]
2 former TX, IL credit union employees barred by NCUA

October 30, 2026 0

Two former employees of credit unions — one in Texas, the other in Illinois — are barred from any future service in federally insured depository institutions under prohibition orders announced Friday by the National Credit Union Administration (NCUA). The two [...]