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What's up
  • [ February 4, 2026 ] Lax oversight of IT contract resulted in compliance issues with internal policies, FDIC watchdog finds in audit FDIC
  • [ February 2, 2026 ] Credit union regulator takes on additional, paid role as member of another regulatory agency’s panel NCUA
  • [ February 2, 2026 ] Despite tighter standards, lending for C&I picked up for larger firms in 4Q ’25, report contends The Fed
  • [ February 2, 2026 ] $261 million Chicago bank becomes first to fail in 2026; office reopened Monday under new owner FDIC
  • [ February 2, 2026 ] OCC rates 8 banks ‘outstanding’ under anti-redlining statute; another 21 deemed ‘satisfactory’ OCC
Homenov20

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FDIC

Agencies revise definitions under CRA to conform to changes for home mortgage disclosures

November 20, 2017 0

Definitions of “home mortgage loan” and “consumer loan,” as well as the public file content requirements under the Community Reinvestment Act (CRA) have been revised by the federal banking agencies to conform to changes made […]

CFPB

Outgoing consumer bureau director urges financial institutions to consider adopting new technology to protect customers, members

November 20, 2017 0

New technology making it feasible for financial institutions to enable consumers to exert “much greater control” over their credit cards, debit cards, and other payment methods should be considered for speedy adoption by financial institutions […]

CFPB

$1.1 million fine levied against software firm for program that sent wrong information about borrowers

November 20, 2017 0

Software errors that led to auto lenders sending incorrect information about more than 1 million borrowers to credit reporting agencies has resulted in a $1.1 million fine and a demand for a plan from the […]

The Fed

Yellen, in leaving board, sounds note of caution in maintaining economic progress

November 20, 2017 0

Sustaining the progress that the economy has achieved since the financial crisis will require continued monitoring of newly emerging threats to financial and economic stability, and decisive responses, Federal Reserve Board Chairman Janet L. Yellen […]

OCC

Despite ‘reg relief’ optimism, deputy comptroller points to risks facing smaller banks

November 19, 2017 0

While community banks have good reason to be optimistic about future opportunity (especially with the prospects of “regulatory relief” at both the regulatory and legislative levels), there are a number of risks that should be […]

Today

  • Lax oversight of IT contract resulted in compliance issues with internal policies, FDIC watchdog finds in audit

    February 4, 2026 0
    Lax oversight of a contractor for a $300 million information technology project resulted in questionable compliance with internal policies, including holding the contractor to agreed-upon metrics, the inspector general for the federal bank deposit insurance agency said Wednesday. In a [...]
  • Credit union regulator takes on additional, paid role as member of another regulatory agency’s panel

    February 2, 2026 0
    In an unusual development, two positions on federal regulatory panels will be held by the current board chairman of the credit union regulator, he announced late Friday. National Credit Union Administration (NCUA) Board Chairman Kyle Hauptman, in a statement, thanked [...]
  • Despite tighter standards, lending for C&I picked up for larger firms in 4Q ’25, report contends

    February 2, 2026 0
    Lending standards were tighter for commercial and industrial loans in the final quarter of last year, but demand was “stronger” for the borrowing among some firms, according to a report issued Monday by the Federal Reserve. In its Senior Loan [...]
  • $261 million Chicago bank becomes first to fail in 2026; office reopened Monday under new owner

    February 2, 2026 0
    A failed Chicago bank was scheduled to reopen Monday after 96% of its assets were acquired by a Detroit institution, the federal deposit insurance agency said late Friday. The first bank to fail in 2026 is a $261 million in [...]
  • OCC rates 8 banks ‘outstanding’ under anti-redlining statute; another 21 deemed ‘satisfactory’

    February 2, 2026 0
    Eight out of the 29 banks whose Community Reinvestment Act (CRA) performance ratings became public in January received “outstanding” marks from the Office of the Comptroller of the Currency (OCC). The remaining 21 banks were rated “satisfactory,” according to the [...]
  • Trio of small banks end deposit insurance, including 121-year-old Alabama former S&L

    January 30, 2026 0
    Three small banks in Arizona, Florida and Alabama – the latter of which was 121 years old – have voluntarily ended their federal deposit insurance, their federal insurer said Friday. The Federal Deposit Insurance Corp. (FDIC) said First Community Bank [...]
  • NCUA IG will report on travel card audit later this year, letter shows

    January 30, 2026 0
    Noting it “did not issue any reports with recommendations” related to the agency’s charge card programs in fiscal 2025, the National Credit Union Administration told the federal budget office it is currently conducting an audit related to its travel card [...]

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