deceptive sales practices – Regulatory Report

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[ October 26, 2026 ] FDIC names new COO with experience mostly from law enforcement agencies FDIC
[ October 23, 2026 ] Interest rate risk report exposes some vulnerability for banks over longer term OCC
[ October 22, 2026 ] OCC finalizes rule for crypto under GENIUS Act; more to come on waiver requests OCC
[ October 16, 2026 ] CU stablecoin activity reporting eyed for Q1 2027 call report; comments due Dec. 8 NCUA
[ October 15, 2026 ] Beige Book finds some economic growth – but consumer growth seems driven by higher-income households The Fed

$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 […]

FDIC names new COO with experience mostly from law enforcement agencies

October 26, 2026 0

A new chief operating officer (COO) for the federal bank deposit insurance agency has been named, who brings experience largely from law enforcement, the regulator said Monday. Five others were also named to senior positions, the Federal Deposit Insurance Corp. [...]
Interest rate risk report exposes some vulnerability for banks over longer term

October 23, 2026 0

Economic value of equity (EVE) is more vulnerable to interest rate increases than are other financial indicators, according to the latest interest rate risk statistics report issued Friday by the national bank regulator. According to the quarterly report (for fall [...]