Fair Housing Act – Regulatory Report

What's up

[ February 24, 2026 ] Although net income fell in Q4, banks ended 2025 with four-year high ROA; lending rises FDIC
[ February 24, 2026 ] Proposals would remove financial ed requirement for credit union board members, clarify loan compensation rules NCUA
[ February 24, 2026 ] Banks no longer required by FinCEN to ‘give us some SKN’ on suspicious activity reports Other
[ February 18, 2026 ] Fastest-growing bank loan segment? Loans to non-bank financials (at a clip of nearly 22% annually), report finds FDIC
[ February 17, 2026 ] ‘Appeals board’ of material supervisory determinations would be created under OCC proposal OCC

Bank faces penalty, order to increase credit access in alleged redlining activity in Memphis area

October 22, 2021 0

Alleging redlining, three federal agencies took action against a Jackson, Miss., bank – with operations in Memphis, Tenn. – and announced Friday a settlement requiring the financial institution to pay a $5 million penalty and […]

Citibank assessed $25 million CMP over Fair Housing Act violations; will reimburse $24 million to customers

March 19, 2019 0

A civil money penalty (CMP) of $25 million for violating anti-discriminatory requirements of the Fair Housing Act (FHA) was assessed against Citibank, N.A., (Sioux Falls, S.D.) under a consent order executed Tuesday between the bank […]

Although net income fell in Q4, banks ended 2025 with four-year high ROA; lending rises

February 24, 2026 0

Even though banks saw their net income drop in the final quarter of 2025, they did report a four-year high return on assets (ROA) ratio of 1.24%, according to fourth quarter numbers released Tuesday by the federal bank deposit insurance [...]
Proposals would remove financial ed requirement for credit union board members, clarify loan compensation rules

February 24, 2026 0

Six credit union deregulation proposals – including ones dealing with issues related to loan commissions and post-election training for new board members – are included in the sixth round of such offerings by the federal credit union regulator, issued Tuesday. [...]
Banks no longer required by FinCEN to ‘give us some SKN’ on suspicious activity reports

February 24, 2026 0

Banks will no longer have to file suspicious activity reports (SARs) with the term “SKN Passport” in the narrative for transactions involving investors in the Caribbean nation of St. Kitts and Nevis, the Treasury’s financial crimes arm said Tuesday. The [...]