C&D – Regulatory Report

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[ November 21, 2025 ] Former Wells banker wins reprieve from order resulting from sales practice misconduct case OCC
[ November 21, 2025 ] FDIC Board to take up leverage ratio, loss-absorbing capacity rules Tuesday; BIF ratio, official sign rule delay also slated FDIC
[ November 21, 2025 ] More time made available to comment on stress test model, transparency, accountability The Fed
[ November 19, 2025 ] White House offers OMB staffer, with focus on environment, to become consumer bureau director CFPB
[ November 19, 2025 ] Regulator takes control of small PA credit union, citing unsafe, unsound practices NCUA

Credit union regulator prohibits two from further service; ends C&D against MI institution

March 31, 2023 0

Two former workers at credit unions in Massachusetts and Pennsylvania, respectively, were prohibited from working in a credit union or any other federally insured depository institution this month, the federal credit union regulator said Friday. […]

Wells Fargo fined $250 million over loss mitigation deficiencies, violations of 2018 order

September 10, 2021 0

A $250 civil money penalty and operational limits were imposed on Wells Fargo Bank (Sioux Falls, S.D.) Thursday under consent orders with the Office of the Comptroller of the Currency (OCC), which cited the bank […]

C&D order with Barclays over OFAC violations, enforcement against OK bank terminated, Fed announces

May 15, 2018 0

A 2010 cease-and-desist order against Barclays Bank plc (London, England) and its branch in New York City over violations of Office of Foreign Assets Control (OFAC) requirements was terminated by the Federal Reserve Board May […]

Former Wells banker wins reprieve from order resulting from sales practice misconduct case

November 21, 2025 0

A former Wells Fargo Bank executive has won a reprieve from a national bank regulator order earlier this year that would barred her from further financial institution service and assessed a multi-million dollar fine, the agency said Thursday. Claudia Russ [...]
FDIC Board to take up leverage ratio, loss-absorbing capacity rules Tuesday; BIF ratio, official sign rule delay also slated

November 21, 2025 0

Proposed revisions to the community bank leverage ratio and a final rule on the same for the largest banks – in addition to loss-absorbing capacity – are slated for action Tuesday by the Federal Deposit Insurance Corp. (FDIC) Board. The [...]
More time made available to comment on stress test model, transparency, accountability

November 21, 2025 0

Need more time to comment on the stress test model and scenario transparency and accountability improvement proposal by the Federal Reserve? You’ve got it: until Feb. 21, a whole additional month. The Fed announced the comment extension Friday. It said [...]
White House offers OMB staffer, with focus on environment, to become consumer bureau director

November 19, 2025 0

The next leader for the federal consumer financial protection agency would be a staff member of the White House budget office – who has focused on environmental issues — if the Senate confirms the nomination, which it received Tuesday. According [...]
Regulator takes control of small PA credit union, citing unsafe, unsound practices

November 19, 2025 0

A small Pennsylvania credit union was placed into conservatorship by its federal regulator late Tuesday, which cited “unsafe and unsound practices,” the agency said. Copper & Glass Federal Credit Union in Glassport, Pa. – which has 1,255 members and assets [...]
Fed’s Barr warns of ‘real dangers’ from weakened bank supervision

November 18, 2025 0

Growing pressures to weaken bank supervision – to scale back bank examiner coverage, dilute ratings systems, and redefine “unsafe and unsound” – present “real dangers” to the American people, Federal Reserve Board Gov. Michael Barr said Tuesday. Speaking in Washington [...]
New ‘sharpened’ focus for Fed examiners released, signifying ‘a significant shift’ from past practices

November 18, 2025 0

Examiners will focus on material financial risks threatening safety and soundness of the banks they review and on taking “timely, proportionate action” to ensure the risks are “properly addressed,” the Federal Reserve said Tuesday in releasing its revamped supervisory operating [...]
Bank may pay ‘gas fees’ on blockchain networks, agency confirms in letter

November 18, 2025 0

So-called “gas fees” – or network fees – may be paid on blockchain networks, the national bank regulator said Tuesday in an interpretive letter, to facilitate “otherwise permissible activities.” The Office of the Comptroller of the Currency (OCC) said national [...]

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