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What's up
  • [ May 29, 2026 ] Former CEO of failed $1 billion credit union prohibited by agency following 2018 conviction NCUA
  • [ May 29, 2026 ] 210 banks slated for CRA exams by FDIC over next two quarters FDIC
  • [ May 28, 2026 ] Treasury launches app for ‘Trump Accounts;’ children’s custodial IRAs to be inaugurated July 4 Other
  • [ May 28, 2026 ] OCC has 51 banks on CRA evaluation schedule for Q3; no Q4 list provided OCC
  • [ May 28, 2026 ] Fed, FDIC say no shortcomings found in biggest banks’ 2025 resolution plans FDIC
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The Fed

Fed sets cap of $20.3 trillion for determining limits of financial company consolidation in 2018-19

June 29, 2018 0

A 2018-19 cap of $20.3 trillion has been adopted by the Federal Reserve for use in limiting the consolidation of large banks and other financial companies, the central bank said in a release Friday. In […]

Federal financial regulation

OCC warns of counterfeit checks using IL savings bank routing number

June 29, 2018 0

A savings bank in Illinois says at least five variations of counterfeit official bank checks using the bank’s correct routing number are being presented for payment nationwide in connection with various online employment opportunity scams, […]

CFPB

Agreement includes $335 million in restitution payment by Citibank for failure to reduce credit card rates

June 29, 2018 0

One of the nation’s largest banks must pay $335 million in restitution for failing to reevaluate and reduce the annual percentage rates (APRs) for approximately 1.75 million consumer credit card accounts, the federal consumer financial […]

FDIC

UPDATED: Revised ‘living will’ guidance for 8 biggest U.S. banks out for comment

June 29, 2018 0

Revised resolution plan, or “living will,” guidance for the eight largest, most complex U.S. banks was released by the Federal Reserve Board and Federal Deposit Insurance Corp. (FDIC) Friday for a 60-day public comment period […]

FDIC

Pair from Illinois bank in receivership agree to pay penalty, restitution

June 29, 2018 0

Officials of a Moline, Ill., bank agreed to an assessment of a civil money penalty (CMP) and an order for restitution, according to the report of enforcement actions for May issued by the federal bank […]

Seminar
Other

UPDATED: Advisors to Treasury Office of Financial Research meet in July

June 29, 2018 0

The committee that advises the Treasury Office of Financial Research (OFR) is set to meet in open session July 26 in New York. The meeting agenda includes discussion of central counterparty resolution, U.S. corporate bond market […]

The Fed

Fed gives ‘conditional non-objection’ to capital plans at Goldman Sachs, Morgan Stanley, State Street; rejects DB USA’s

June 28, 2018 0

Thirty-four of the nation’s 35 largest banks drew “no objection” from the Federal Reserve Board for their capital planning practices in the Fed’s 2018 Comprehensive Capital Analysis and Review (CCAR), the Fed announced Thursday, though […]

Federal financial regulation

One month later, public impact of regulatory relief legislation with regulators is limited

June 28, 2018 0

It has been more than one month since President Donald Trump signed into law the Economic Growth, Regulatory Relief, and Consumer Protection Act (S. 2155), a measure widely touted by financial institutions as “major regulatory […]

Today

  • Former CEO of failed $1 billion credit union prohibited by agency following 2018 conviction

    May 29, 2026 0
    The former chief executive officer of a now-closed New York credit union has been prohibited from future service (becoming an “institution-affiliated party”) at any federally insured financial institution, the federal regulator said Friday. Alan S. Kaufman, the former CEO of [...]
  • 210 banks slated for CRA exams by FDIC over next two quarters

    May 29, 2026 0
    The federal bank deposit insurer has slated 210 banks for examinations under the anti-redlining Community Reinvestment Act (CRA) over the next two quarters, according to information released Friday by the agency. The Federal Deposit Insurance Corp. (FDIC), in a release, [...]
  • Treasury launches app for ‘Trump Accounts;’ children’s custodial IRAs to be inaugurated July 4

    May 28, 2026 0
    “Trump accounts” – a custodial-style, traditional individual retirement account (IRA) for children 18 and younger – will be accessed through a phone app as their main interface, which the Treasury Department launched Thursday, the agency said. The accounts, established by [...]
  • OCC has 51 banks on CRA evaluation schedule for Q3; no Q4 list provided

    May 28, 2026 0
    The national banking regulator lists 51 banks on its schedule for Community Reinvestment Act (CRA) evaluations slated for the third quarter of 2026. No schedule was provided for the fourth quarter, though the agency usually publishes for two quarters at [...]
  • Fed, FDIC say no shortcomings found in biggest banks’ 2025 resolution plans

    May 28, 2026 0
    Feedback letters to the eight largest, most complex domestic banking organizations, plus 56 foreign banking organizations, received feedback letters sent jointly by federal regulators on their 2025 resolution plan – or “living will” – submissions. The agencies – the Federal [...]
  • Lending rises at nation’s bank in first quarter, although delinquencies rise for CRE, consumer loans

    May 27, 2026 0
    Lending was up at the nation’s banks in the first quarter of the year, seeing a 1.6% increase from the last quarter of 2025 for an annual rise of 7.1%, the federal bank deposit insurance agency said Wednesday. However, the [...]
  • NCUA OIG finds weaknesses in agency ERM oversight

    May 26, 2026 0
    An inspector general report on the federal credit union regulator’s enterprise risk management (ERM) found that the group of senior staff responsible for primary oversight of ERM “did not consistently establish, update, or use risk profiles to address” it. The [...]

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