23nov08 – Regulatory Report

What's up

[ September 24, 2026 ] Fed issues two proposals for stablecoin issuers; one on backing with reserve assets, the other for ‘tailored application’ process The Fed
[ September 23, 2026 ] Foreclosures inch up in second quarter, but delinquencies drop and performing loans increase OCC
[ September 23, 2026 ] Credit union regulator releases quarterly update to its simplified CECL tool NCUA
[ September 21, 2026 ] OCC updates program setting examiner objectives in cybersecurity supervision OCC
[ September 18, 2026 ] Three prohibited by Fed in cases of check fraud, misappropriation of funds, misapplication of funds The Fed

Citibank ordered to pay nearly $26 million for discriminating against Armenian-American credit card applicants

November 8, 2023 0

Fines and redress of nearly $26 million was assessed Wednesday against one of the largest banks in U.S. for discrimination of Armenian Americans, the federal consumer financial protection agency said. According to the Consumer Financial […]

New credit union near Louisville, Ky., will serve low-, mod-income communities

November 8, 2023 0

A new federal credit union (FCU) was chartered in Kentucky, its federal regulator said Wednesday, to serve low- and moderate-income communities in the central part of the state. It is the third FCU chartered in […]

Fed issues two proposals for stablecoin issuers; one on backing with reserve assets, the other for ‘tailored application’ process

September 24, 2026 0

Payment stablecoin issuers would be required to fully back their stablecoins with certain permissible reserve assets, and banks applying to issue payment stablecoins would face a “tailored application process” under two proposals issued Thursday by the Federal Reserve. Both proposals [...]
Foreclosures inch up in second quarter, but delinquencies drop and performing loans increase

September 23, 2026 0

Foreclosures of first mortgages inched up in the second quarter of this year, with higher levels than the previous quarter and higher than the same number one year ago, the national bank regulator said Wednesday. In its Mortgage Metrics Report, [...]
Credit union regulator releases quarterly update to its simplified CECL tool

September 23, 2026 0

The latest Weighted Average Remaining Maturity – also known as “life-of-loan” factors — are updated in the September 2026 update of the simplified tool the federal regulator provides to smaller credit unions for estimating the allowance for credit losses on [...]
OCC updates program setting examiner objectives in cybersecurity supervision

September 21, 2026 0

Updates to conform with standards and evolving risks were made to the national bank regulator’s Cybersecurity Supervision Work Program (CSW), but none of the changes affect banks’ regulatory compliance responsibilities, according to an announcement Monday. “The CSW does not establish [...]