C&D – Regulatory Report

What's up

[ December 8, 2025 ] New credit union, third this year, will provide lending, saving to CA underserved area FDIC
[ December 8, 2025 ] Three banks ‘outstanding,’ three others ‘need improvement,’ FDIC says in latest CRA report FDIC
[ December 5, 2025 ] Agencies withdraw 12-years-old guidance on leveraged lending; banks told to apply ‘general principles on risk management’ FDIC
[ December 5, 2025 ] OCC rescinds, replaces 2023 venture loan guidance for banks OCC
[ December 5, 2025 ] Decrease in reliance on checks for payments has Fed asking ‘should we phase out our services, or upgrade (at higher cost)?’ The Fed

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 […]

New credit union, third this year, will provide lending, saving to CA underserved area

December 8, 2025 0

A new credit union will soon be offering financial services – including mortgages and home equity loans — to its membership in the Bay Area of California, its federal regulator said Monday. The charter for Haven Federal Credit Union(FCU) – [...]
Three banks ‘outstanding,’ three others ‘need improvement,’ FDIC says in latest CRA report

December 8, 2025 0

Three banks earned ratings of “outstanding” for their compliance with anti-redlining rules in results of examinations in September, the federal bank deposit insurance agency said Friday. However, three other banks earned ratings of “needs improvement” and the remaining 52 banks [...]
Agencies withdraw 12-years-old guidance on leveraged lending; banks told to apply ‘general principles on risk management’

December 5, 2025 0

Recission of guidance issued 12 years ago on leveraged lending was announced Friday by two federal banking regulators, who called it “overly restrictive” and impeding banks’ “risk management principles that guide their other business decisions,” the agencies said in joint [...]
OCC rescinds, replaces 2023 venture loan guidance for banks

December 5, 2025 0

The national bank regulator on Friday issued an updated guidance bulletin on “venture loans” to “reflect the OCC’s policy of not discouraging banks from engaging in prudent venture lending activities.” Bulletin 2025-45, “Commercial Lending: Venture Loans to Companies in an Early, [...]
Decrease in reliance on checks for payments has Fed asking ‘should we phase out our services, or upgrade (at higher cost)?’

December 5, 2025 0

With check use steadily declining, check fraud rising, and digital payment methods growing in availability and use, the Federal Reserve wants the public to weigh in on the future of Reserve Banks’ check services, the agency said late Thursday. That [...]
Alleged forgery on approval documents leads to banker’s prohibition

December 5, 2025 0

Forged signatures on certain approval documents have led a former worker at a Columbus, Ga., bank to be prohibited from further service at financial institutions, the Federal Reserve said Friday. According to the Fed, Julio A. Gonzalez, a former universal [...]
Fed expects modest fees increase in 2026 for check clearing, ACH, instant payments

December 5, 2025 0

An estimated 0.9% average price increase for established, mature services such as check clearing, automated clearing house (ACH) transactions and instant payments (among others) will be in effect for 2026, the Federal Reserve said late Thursday. In a release announcing [...]
Credit unions see 3Q increases in net worth, ROAA; delinquencies higher

December 5, 2025 0

Credit unions posted increases across a wide variety of performance metrics in the third quarter, their federal regulator said Friday, compared to the same period one year earlier. Those included, the National Credit Union Administration (NCUA) said, a net worth [...]
FSOC plans meeting with discussions on nonbank determinations – and more

December 5, 2025 0

An update on interpretive guidance on nonbank financial company determinations is among the items on the agenda for the multi-federal financial regulators’ meeting set for next week, the Treasury Department said Friday. The meeting of the Financial Stability Oversight Council [...]

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