23feb21 – Regulatory Report

What's up

[ June 17, 2026 ] Want your filing approved? OCC attempts to clarify how that happens (and how it doesn’t) OCC
[ June 17, 2026 ] GAO: Fed’s COVID-era ‘Main Street’ loan program shows 70% of loans repaid; more Other
[ June 17, 2026 ] Credit union regulator’s Hauptman to receive three briefings at meeting set for June 24 NCUA
[ June 16, 2026 ] OCC drops language from MDI rules designating what groups qualify as ‘socially, economically disadvantaged’ OCC
[ June 15, 2026 ] UPDATED: Credit union regulator loosens rules on records preservation requirements NCUA

Cattle-trading scam that acted as Ponzi scheme earns pair six year prison terms

February 21, 2023 0

A cattle-trading system that is described as a Ponzi scheme and that resulted in millions of dollars in losses to victims of the scam has resulted in six-year prison terms for the individuals who ran […]

Comptroller updates booklet on change in bank control

February 21, 2023 0

The “Change in Bank Control” booklet of the Comptroller’s Licensing Manual has been updated from the version last issued in 2017, the Office of the Comptroller of the Currency (OCC) said Thursday. The revised booklet […]

Former CEO of First NBC Bank convicted of fraud leading to bank failure

February 21, 2023 0

Ashton J. Ryan Jr., the former top executive of the now-defunct First NBC Bank (New Orleans) was found guilty last week of fraud that contributed to the failure of the nearly $5-billion-in-assets bank in 2017, […]

Want your filing approved? OCC attempts to clarify how that happens (and how it doesn’t)

June 17, 2026 0

A filing is inconsistent with law or regulation if it does not meet the applicable statutory or regulatory criteria for that filing type, the national bank regulator said Wednesday in a bulletin focusing on the agency’s filing decision process. The [...]
GAO: Fed’s COVID-era ‘Main Street’ loan program shows 70% of loans repaid; more

June 17, 2026 0

An annual review of the Federal Reserve’s Main Street Lending Program — created with other programs to ensure credit availability amid the COVID-19 pandemic — has seen 70% of the 1,830 loans made fully repaid, with 16% generating losses and about [...]
Credit union regulator’s Hauptman to receive three briefings at meeting set for June 24

June 17, 2026 0

A mid-year budget update is on the agenda for the federal credit union regulator’s one-man board when he gavels in the meeting June 24, at 10 a.m. ET. According to the National Credit Union Administration (NCUA) Kyle Hauptman, chairman of [...]
OCC drops language from MDI rules designating what groups qualify as ‘socially, economically disadvantaged’

June 16, 2026 0

As there is no specified group of individuals presumed to be socially and economically disadvantaged under the statute creating minority depository institutions (MDIs), the national bank regulator is dropping portions of its rules that outline who those groups are, the [...]
UPDATED: Credit union regulator loosens rules on records preservation requirements

June 15, 2026 0

Guidance on records preservation for credit unions concerning the length of time credit unions should retain various types of operational records was removed from the federal regulator’s regulations under a final rule adopted Monday. According to the one-man board of [...]
FinCEN updates guidance on banks’ USA PATRIOT Act info sharing with others

June 15, 2026 0

Updated guidance on how financial institutions are permitted to share information with each other regarding suspected fraud was issued by Treasury’s financial crimes enforcement arm under the USA PATRIOT Act. The Financial Crimes Enforcement Network (FinCEN) on Friday released a [...]