23dec06 – Regulatory Report

What's up

[ May 29, 2026 ] Former CEO of failed $1 billion credit union prohibited by agency following 2018 conviction NCUA
[ May 29, 2026 ] 210 banks slated for CRA exams by FDIC over next two quarters FDIC
[ May 28, 2026 ] Treasury launches app for ‘Trump Accounts;’ children’s custodial IRAs to be inaugurated July 4 Other
[ May 28, 2026 ] OCC has 51 banks on CRA evaluation schedule for Q3; no Q4 list provided OCC
[ May 28, 2026 ] Fed, FDIC say no shortcomings found in biggest banks’ 2025 resolution plans 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), […]

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, [...]
Treasury launches app for ‘Trump Accounts;’ children’s custodial IRAs to be inaugurated July 4

May 28, 2026 0

“Trump accounts” – a custodial-style, traditional individual retirement account (IRA) for children 18 and younger – will be accessed through a phone app as their main interface, which the Treasury Department launched Thursday, the agency said. The accounts, established by [...]
OCC has 51 banks on CRA evaluation schedule for Q3; no Q4 list provided

May 28, 2026 0

The national banking regulator lists 51 banks on its schedule for Community Reinvestment Act (CRA) evaluations slated for the third quarter of 2026. No schedule was provided for the fourth quarter, though the agency usually publishes for two quarters at [...]
Fed, FDIC say no shortcomings found in biggest banks’ 2025 resolution plans

May 28, 2026 0

Feedback letters to the eight largest, most complex domestic banking organizations, plus 56 foreign banking organizations, received feedback letters sent jointly by federal regulators on their 2025 resolution plan – or “living will” – submissions. The agencies – the Federal [...]
Lending rises at nation’s bank in first quarter, although delinquencies rise for CRE, consumer loans

May 27, 2026 0

Lending was up at the nation’s banks in the first quarter of the year, seeing a 1.6% increase from the last quarter of 2025 for an annual rise of 7.1%, the federal bank deposit insurance agency said Wednesday. However, the [...]
NCUA OIG finds weaknesses in agency ERM oversight

May 26, 2026 0

An inspector general report on the federal credit union regulator’s enterprise risk management (ERM) found that the group of senior staff responsible for primary oversight of ERM “did not consistently establish, update, or use risk profiles to address” it. The [...]