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What's up
  • [ June 30, 2025 ] Fed: 2025 stress test shows banks ‘well positioned’ to withstand severe recession The Fed
  • [ June 30, 2025 ] Risk on rise for banks in three key areas, OCC reports, as economic uncertainty increases OCC
  • [ June 30, 2025 ] Citing imminent insolvency, credit union regulator closes doors of OH cooperative; members, accounts transferred to another NCUA
  • [ June 30, 2025 ] 2 former credit union employees barred from future work in insured FIs NCUA
  • [ June 30, 2025 ] Texas bank became second to fail so far this year OCC
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CFPB

Hearing Tuesday afternoon considers arguments in dual Bureau directors’ case

November 28, 2017 0

(Note: updated Nov. 28) A judge’s decision is expected as soon as Tuesday on a request to declare the deputy director of the Consumer Financial Protection Bureau (CFPB) the acting director — and block President […]

The Fed

In hearing statement, Powell calls financial system ‘stronger, more resilient’ than 10 years ago

November 27, 2017 0

Saying that the nation’s financial system is far stronger and more resilient than a decade ago, with banks holding “much higher” levels of capital and liquid assets, and more aware of and better able to […]

OCC

Otting, vowing to enhance charters, reduce burden, sworn into office as 31st comptroller

November 27, 2017 0

Enhancing the value of financial institution charters his agency issues, reducing “unnecessary burden,” and promoting economic opportunity while maintaining safety and soundness of the federal banking system were three goals outlined by Joseph M. Otting […]

FDIC

Penalty for flood insurance omission, order for independent board, among October actions

November 27, 2017 0

A fine assessed on a bank for failure to obtain flood insurance on mortgage loans, and an order for another bank to establish an independent board and hire qualified management, were among the 14 actions […]

CFPB

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 […]

Today

  • Fed: 2025 stress test shows banks ‘well positioned’ to withstand severe recession

    June 30, 2025 0
    The 22 large banks subjected to the Federal Reserve Board’s 2025 stress test reportedly are “well positioned” to withstand a hypothetical, severe recession while remaining above their minimum capital requirements and continuing to lend to households and businesses, the Fed [...]
  • Risk on rise for banks in three key areas, OCC reports, as economic uncertainty increases

    June 30, 2025 0
    Economic uncertainty has increased as consumer sentiment, geopolitical risk, sustained higher interest rates, and downward movement in some macroeconomic indicators have all had their impact on threats to the banking system, the national bank regulator said Monday. In its Semiannual [...]
  • Citing imminent insolvency, credit union regulator closes doors of OH cooperative; members, accounts transferred to another

    June 30, 2025 0
    A Middletown, Ohio, credit union has been closed and its members and their accounts moved to a Cincinnati, Ohio, credit union, the federal regulator said Monday. Butler Heritage Federal Credit Union (FCU) of Middletown was liquidated by the National Credit [...]
  • 2 former credit union employees barred from future work in insured FIs

    June 30, 2025 0
    A former employee of a Kansas credit union and one from a credit union in Pennsylvania are barred from participating in the affairs of any federally insured depository institution, the federal credit union regulator said Monday. The National Credit Union [...]
  • Texas bank became second to fail so far this year

    June 30, 2025 0
    A Santa Anna, Texas, bank was closed late Friday by the national bank regulator, becoming the second bank to fail so far this year. Santa Anna National Bank was closed by the Office of the Comptroller of the Currency (OCC), [...]

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