deceptive sales practices – Regulatory Report

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[ August 10, 2026 ] ‘De novo’ banks would receive quicker deposit insurance approval under new, two-phase process FDIC
[ August 7, 2026 ] Senate confirms Crews to NCUA Board seat NCUA
[ August 7, 2026 ] NCUA liquidates 15-month-old federal credit union NCUA
[ August 5, 2026 ] Dallas, NY Federal Reserve Banks seek info on $1.3T private direct lending market The Fed
[ August 5, 2026 ] Credit union regulator finalizes 11 rules underpinning its deregulation project NCUA

$17 million fine assessed against former head of Well Fargo’s community bank for role in sales practices misconduct

March 15, 2023 0

A $17 million civil money penalty (CMP) was assessed Wednesday against the former head of Well Fargo Bank’s community bank for her alleged role in systemic sales practices misconduct, the regulator of national banks said. […]

Austin firm misrepresented ‘savings’ to consumers from auto-loan payment program; likely to pay 20% of $7.5 million in ordered redress plus $1 fine

November 3, 2020 0

A firm that misrepresented the impact of its fees on consumers who used its service to make their auto loan payments is expected to pay just $1.5 million of the $7.5 million in redress specified […]

‘De novo’ banks would receive quicker deposit insurance approval under new, two-phase process

August 10, 2026 0

Faster approvals of federal deposit insurance for new banks is one of the intentions behind a revised process announced Monday by the federal bank deposit insurance agency. In a release, the Federal Deposit Insurance Corporation (FDIC) said a new, two-phase [...]
Senate confirms Crews to NCUA Board seat

August 7, 2026 0

The Senate on Friday confirmed John Crews to a seat on the National Credit Union Administration (NCUA) Board for a term that will continue through August. 2, 2031. Crews has served as Treasury’s deputy assistant secretary for financial institutions policy. [...]
NCUA liquidates 15-month-old federal credit union

August 7, 2026 0

The second federal credit union chartered in 2025 was involuntarily liquidated Thursday by the National Credit Union Administration (NCUA). The agency said it was liquidating African Diaspora Federal Credit Union of Saint Ann, Mo., after finding it was “insolvent and [...]