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What's up
  • [ August 29, 2025 ] OCC cuts assessment rates for national banks, federal savings associations as of Sept. 30 OCC
  • [ August 29, 2025 ] Three prohibited from further service at banks after alleged misappropriation of funds, misrepresentations FDIC
  • [ August 29, 2025 ] FDIC removes references to ‘disparate impact’ – including how to evaluate risk – from compliance exam manual FDIC
  • [ August 29, 2025 ] Former credit union CEO caused more than $1.7 million in losses, order says NCUA
  • [ August 28, 2025 ] Chinese money launderers in U.S., used by Mexico-based drug cartels, target of advisory Other
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Treasury taps top liaison to financial institution regulators

February 5, 2025 0

A former aide to a Tennessee senator will be the U.S. Treasury Department’s top liaison to the federal financial institution regulators, the Treasury secretary said Wednesday. Luke Pettit was named assistant secretary for financial institutions, […]

OCC

OCC names deputy comptroller of large bank supervision

October 13, 2023 0

The national bank regulator this week announced that Monica Fuentes Freas has been selected as the agency’s Deputy Comptroller for Large Bank Supervision (LBS), a post she held previously in acting capacity. Freas will manage […]

OCC

National bank regulator names next head of minority and women inclusion office

September 29, 2023 0

Shinu Shilesh will be executive director of the Office of the Comptroller of the Currency’s (OCC) Office of Minority and Women Inclusion beginning in October, the agency announced Friday. Shilesh, the agency said, will provide […]

NCUA

Harper names Samuel Schumach deputy director for NCUA external affairs/comms

April 12, 2021 0

Samuel Schumach was named Monday to the post of deputy director for external affairs and communications at the National Credit Union Administration (NCUA). Appointed to that post by agency board Chairman Todd Harper, Schumach previously […]

Today

  • OCC cuts assessment rates for national banks, federal savings associations as of Sept. 30

    August 29, 2025 0
    The national bank regulator is reducing semiannual assessments on supervised institutions slated for Sept. 30, the agency announced Friday. Calling it the fifth such reduction since 2017, the Office of the Comptroller of the Currency (OCC) said it has reduced [...]
  • Three prohibited from further service at banks after alleged misappropriation of funds, misrepresentations

    August 29, 2025 0
    A former “senior universal banker” and teller at a Massachusetts bank has been prohibited from further service at a financial institution and ordered to pay a $12,000 civil money penalty (CMP), the federal bank deposit insurance agency said Friday. According [...]
  • FDIC removes references to ‘disparate impact’ – including how to evaluate risk – from compliance exam manual

    August 29, 2025 0
    References to “disparate impact” – the result of practices unintentionally having a disproportionate, negative effect on a protected group, including minorities – are now erased from an examination manual issued by the federal bank deposit insurance agency, it said Friday. [...]
  • Former credit union CEO caused more than $1.7 million in losses, order says

    August 29, 2025 0
    A former Wisconsin credit union CEO who reportedly caused her credit union losses exceeding $1.7 million is permanently barred from service in any federally insured financial institution, according to a consent order announced Friday by the National Credit Union Administration [...]
  • Chinese money launderers in U.S., used by Mexico-based drug cartels, target of advisory

    August 28, 2025 0
    Chinese money laundering networks (CMLNs) in the U.S. that are used by Mexico-based drug cartels — dubbed a “mutualistic relationship” — are the target of an advisory to banks, the Treasury’s top financial crimes enforcement arm said Thursday. The Financial [...]
  • OCC shows 102 banks slated for CRA exams in Q4 2025, Q1 2026

    August 28, 2025 0
    A total of 102 national banks and federal savings associations are slated for their anti-redlining Community Reinvestment Act (CRA) evaluations over the final quarter of 2025 and the first quarter of 2026, according to their federal regulator. The Office of [...]
  • Audit produces 10 recommendations for improving NCUA info security

    August 27, 2025 0
    The federal credit union regulator’s information security program was found to be “effective overall” in a recent independent audit report, but the auditor reported five new weaknesses in the controls selected for review and gave 10 recommendations for improvements. The [...]
  • Registration for NCUA’s closed town hall open until Friday

    August 27, 2025 0
    Registration for the off-the-record “strategic plan” town hall slated for Sept. 9 by the federal credit union regulator remains open until Friday, the agency reminded in a release Wednesday. The meeting, to be held virtually, is described as “off the [...]
  • Profitability down for banks at midyear, continuing decline from year ago; DIF exceeds statutory minimum, ending restoration plan

    August 26, 2025 0
    Return on assets (ROA) for the nation’s banks was down at midyear as was net income, which the federal bank deposit insurance agency Tuesday blamed on an increase in provision expenses related to a large bank acquisition. Absent that, the [...]

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