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What's up
  • [ 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
  • [ June 15, 2026 ] FinCEN updates guidance on banks’ USA PATRIOT Act info sharing with others Other
  • [ June 12, 2026 ] Nearly $400 million in illegal transactions through cryptocurrency money-laundering service leads to arrests of two FDIC
  • [ June 11, 2026 ] Rule finalizes data standards for information collected by agencies under 2022 law CFPB
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FDIC

No change in assessment for bank insurance fund, despite decrease in reserve ratio

December 7, 2023 0

Despite the level of reserves in the fund insuring bank deposits falling relative to the savings covered by the insurance, there will be no change in assessment rates paid by banks, the agency overseeing the […]

FDIC

Biden urges regulators to reverse changes of previous administration, claiming ‘weakening’ of safeguards for larger banks

March 31, 2023 0

Terming actions by the previous administration on bank regulation a “weakening” of common-sense safeguards and supervision for large regional banks, President Joe Biden (D) late Thursday urged the supervisors to reverse those decisions, which he […]

FDIC

‘Designated reserve ratio’ for bank deposit insurance fund remains at 2% for 2018

December 21, 2017 0

A “designated reserve ratio” (DRR) of 2% for the fund that insures the deposits in the nation’s banks and savings institutions has been approved for 2018, according to filings with the Federal Register. The board […]

Today

  • 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 [...]
  • Nearly $400 million in illegal transactions through cryptocurrency money-laundering service leads to arrests of two

    June 12, 2026 0
    More than $389 million in unlawful transactions allegedly conducted in a cryptocurrency money laundering service has led to the June 10 arrests of two Republic of Georgia residents, the inspector general for the federal bank deposit insurance agency said Friday. [...]

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