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What's up
  • [ October 1, 2026 ] Agency finally closes down troubled credit union after embezzlement charges; Alabama CU assumes members, savings, some assets NCUA
  • [ October 1, 2026 ] FDIC ends independent monitor brought on to ensure ‘workplace culture’ reforms after sexual harassment claims FDIC
  • [ October 1, 2026 ] ‘Living wills’ feedback letters published for 15 banking orgs; OCC votes against releasing one plan FDIC
  • [ October 1, 2026 ] Failed California bank will cost bank insurance fund $114 million FDIC
  • [ September 25, 2026 ] Former teller leader prohibited for allegedly misappropriating nearly a quarter million dollars from cash dispenser machines The Fed
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CFPB

CFPB removes closing disclosure timing restriction in ‘Know Before You Owe’ mortgage disclosure rule

April 26, 2018 0

As proposed last July, a timing restriction for mortgage closing disclosures that could prevent a lender from charging otherwise valid closing cost increases was removed today from the federal consumer protection agency’s “Know Before You […]

The Fed

Fed bars one person over fraudulent credit extensions; lifts enforcement action after 16 months

April 26, 2018 0

The Federal Reserve Board said Thursday that it issued a prohibition order against Gayle Kendrick, a former employee and “institution-affiliated” person at Regions Bank, Birmingham, Ala., who allegedly made at least 13 credit extensions to […]

Other

Appraisal subcommittee to consider state extension requests for oversight of appraisal management companies

April 26, 2018 0

State requests for extensions of the implementation period for the establishment programs to register and supervise appraisal management companies (AMC) are among the items for discussion in the May 9 meeting of the Appraisal Subcommittee […]

OCC

Federal bank regulator issues exam guidance on recovery planning, phasing in by summer

April 26, 2018 0

New examination guidance regarding banks’ recovery planning – for which compliance will be phased in by this July – was released by the Office of the Comptroller of the Currency (OCC) in a bulletin (No. […]

CFPB

Consumer bureau still taking applications for consumer, bank/CU advisory panels

April 26, 2018 0

Qualified persons interested in serving on one of three advisory bodies for the Consumer Financial Protection Bureau (CFPB) can still apply if they do it by April 30, according to the CFPB’s updated online applications […]

Seminar
OCC

Proposals to revise ‘Volcker rule’ expected by late May, Comptroller tells group

April 26, 2018 0

Proposed revisions to the “Volcker rule” – which prohibits banking firms from engaging in proprietary trading or entering into certain relationships with hedge funds and private-equity funds – will be unveiled by the end of […]

The Fed

Nominations of Clarida, Bowman to Fed Board sent to Senate

April 25, 2018 0

The Senate on Tuesday received the president’s nominations of Richard Clarida and Michelle Bowman to complete unexpired terms on the Federal Reserve Board that continue through Jan. 31, 2022, and Jan. 31, 2020, respectively. Clarida […]

Today

  • Agency finally closes down troubled credit union after embezzlement charges; Alabama CU assumes members, savings, some assets

    October 1, 2026 0
    A troubled Mississippi credit union was closed and its members and savings (shares) were assumed by an Alabama Credit Union, the federal regulator announced late Wednesday. Jackson Area Federal Credit Union (FCU), of Jackson Miss., was closed and its members [...]
  • FDIC ends independent monitor brought on to ensure ‘workplace culture’ reforms after sexual harassment claims

    October 1, 2026 0
    Workplace culture reforms spawned by allegations of sexual harassment at the federal bank deposit insurance agency will no longer be overseen by an independent monitor, the agency said late Wednesday, asserting that the monitor’s work had concluded. The Federal Deposit [...]
  • ‘Living wills’ feedback letters published for 15 banking orgs; OCC votes against releasing one plan

    October 1, 2026 0
    Feedback letters from 15 banking organizations with more than $250 billion in assets on their resolution plans were published Sept. 29 by the Federal Reserve and the Federal Deposit Insurance Corp. (FDIC), the agencies said. However, the Office of the [...]
  • Failed California bank will cost bank insurance fund $114 million

    October 1, 2026 0
    A failed California bank that was closed Sept. 25 is estimated to cost the federal bank deposit insurance fund about $114 million, the insurance fund said agency. The bank reopened Sept. 28 as a branch of a Utah bank as [...]
  • Former teller leader prohibited for allegedly misappropriating nearly a quarter million dollars from cash dispenser machines

    September 25, 2026 0
    Misappropriation of about $246,000 from teller cash dispenser machines has led to the prohibition of a former teller supervisor of a bank in the Maryland suburbs of Washington, D.C., the Federal Reserve said Thursday. According to the agency, Renee Nicole [...]

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