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What's up
  • [ May 26, 2023 ] Directors from failed NOLA bank prohibited from further service or fined – or both FDIC
  • [ May 26, 2023 ] NCUA OIG: Loan and share account manipulation, BSA violations among reasons for recent small-credit union failures NCUA
  • [ May 26, 2023 ] Eight new members join FDIC’s advisory committee on community banking FDIC
  • [ May 25, 2023 ] NCUA staff project 1.25% share insurance fund ratio by June 30 NCUA
  • [ May 25, 2023 ] ‘Liquidity’ handbook gets updated, reflecting risks, changes in regulations OCC
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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

  • Directors from failed NOLA bank prohibited from further service or fined – or both

    May 26, 2023 0
    Nine directors of a failed New Orleans bank were either prohibited from ever serving again at a federally insured financial institution, assessed a civil money penalty (CMP) – or both, in one case – in enforcement actions taken by the [...]
  • NCUA OIG: Loan and share account manipulation, BSA violations among reasons for recent small-credit union failures

    May 26, 2023 0
    The four small federal credit unions liquidated during the period covered by their regulator’s most recent inspector general report to Congress were closed for reasons including loan and share account manipulation, failure to address Bank Secrecy Act deficiencies, and generally [...]
  • Eight new members join FDIC’s advisory committee on community banking

    May 26, 2023 0
    Eight new members of a committee on community banking will take their seats for a June 1 meeting next week, the federal bank deposit insurance agency said Friday. The eight new members of the Advisory Committee on Community Banking (which [...]
  • NCUA staff project 1.25% share insurance fund ratio by June 30

    May 25, 2023 0
    The federal fund that insures credit union members’ shares (deposits) is expected to dip to 1.25% by June 30, down from the fund’s 1.3% ratio at year-end 2022, according to information released Thursday by the National Credit Union Administration (NCUA). [...]
  • ‘Liquidity’ handbook gets updated, reflecting risks, changes in regulations

    May 25, 2023 0
    The “liquidity” booklet of the national bank regulator’s handbook has been updated, reflecting risks associated with liquidity and changes in regulations since the booklet was last updated, among other things, the regulator said Thursday. According to the Office of the [...]
  • Three bankers join MDI subcommittee just in time for May 31 meeting

    May 25, 2023 0
    Three bankers from Wisconsin, the District of Columbia and Georgia are joining a subcommittee on minority depository institutions for the federal bank deposit insurance agency, it was announced Thursday. The Federal Deposit Insurance Corp. (FDIC) said the three bankers named [...]
  • Proposal would qualify veterans organizations for federal credit unions’ charitable giving via CDAs

    May 25, 2023 0
    Federal credit unions would be authorized to contribute to qualified war veterans organizations through the use of charitable donation accounts (CDAs) under proposed rule issued Thursday by the National Credit Union Administration (NCUA) Board. The proposed rule would revise Part [...]
  • Bank enforcement manual revision targets larger, complex banks with ‘persistent weaknesses’

    May 25, 2023 0
    How the national bank regulator determines if a larger, more complex bank has persistent weaknesses, and possible additional actions the agency may take to address those, are reflected in revisions to the manual on bank enforcement released by the agency [...]

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