Leandra English – Regulatory Report

What's up

[ January 27, 2023 ] FDIC: Kansas banker assessed $35k penalty, ordered to undergo training after 100+ violations of federal insider lending rules FDIC
[ January 27, 2023 ] Statement aims to ‘level playing field’ among all banks with federal supervisor, emphasizing crypto-related actions The Fed
[ January 27, 2023 ] Texas credit union released from conservatorship that began in March 2021 NCUA
[ January 27, 2023 ] Fed gives cold shoulder to firm engaging in ‘novel crypto activities’ for membership in system, citing safety, soundness risks The Fed
[ January 26, 2023 ] FDIC names next deputy directors for capital markets and accounting policy, operational risk FDIC

Mulvaney remains on the job after court rejects latest challenge

January 11, 2018 0

Acting Director Mick Mulvaney will remain on post at the Consumer Financial Protection Bureau (CFPB), at least for the near future, following a court’s rejection Wednesday of a request to remove him. The White House […]

Mulvaney takes seat as acting director; English files suit, legal memos swirl

November 27, 2017 0

Mick Mulvaney, designated Friday as acting director of the Consumer Financial Protection Bureau (CFPB) while simultaneously continuing to serve as director of the Office of Management and Budget (OMB), took a seat at the bureau’s […]

FDIC: Kansas banker assessed $35k penalty, ordered to undergo training after 100+ violations of federal insider lending rules

January 27, 2023 0

A Kansas banker who reportedly committed a combined 107 violations of federal insider lending rules was required to pay a $35,000 civil money penalty and undergo training under a December, combined consent order released Friday by the Federal Deposit Insurance [...]
Statement aims to ‘level playing field’ among all banks with federal supervisor, emphasizing crypto-related actions

January 27, 2023 0

All banks supervised by the Federal Reserve will be subject to the same limitations on activities, including novel banking activities like crypto-asset-related activities – regardless of their deposit insurance status, the agency said in a policy statement released Friday. The [...]
Texas credit union released from conservatorship that began in March 2021

January 27, 2023 0

A credit union in Texas that spent nearly two years in conservatorship has been returned to the control of its members, the federal credit union regulator said Friday. The National Credit Union Administration (NCUA) on March 26, 2021, announced that [...]
Fed gives cold shoulder to firm engaging in ‘novel crypto activities’ for membership in system, citing safety, soundness risks

January 27, 2023 0

An application was denied from a Wyoming crypto-centered depository institution to become a member of the Federal Reserve System after the Federal Reserve Board determined the firm’s business model and focus “presented significant safety and soundness risks,” the agency said [...]