LOMTO – Regulatory Report

What's up

[ February 25, 2026 ] FinCEN solicits nominations to BSA advisory panel Other
[ February 24, 2026 ] Although net income fell in Q4, banks ended 2025 with four-year high ROA; lending rises FDIC
[ February 24, 2026 ] UPDATED: 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

NCUA’s McWatters says sale of taxi medallion loan portfolio spared insurance fund, credit unions further losses

February 24, 2020 0

The recently announced sale of the agency’s taxi medallion loan portfolio to Marblegate Asset Management LLC was the best option for meeting the agency’s statutory obligation to achieve the least long-term cost to the National […]

OIG cites poor underwriting, unresponsive boards in report on failed taxi medallion CUs; says NCUA could have acted earlier

April 1, 2019 0

An inspector general report on three credit unions that failed in 2018 under the weight of taxi medallion loans, costing the federal share insurance fund an estimated $765.5 million, recommends that the federal regulator improve […]

FinCEN solicits nominations to BSA advisory panel

February 25, 2026 0

Treasury’s financial crimes enforcement arm is seeking nominations of eligible organizations – including smaller financial institutions subject to the Bank Secrecy Act (BSA) and entities that can share insights on BSA framework modernization and implementation of the GENIUS Act – [...]
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 [...]
UPDATED: 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 [...]