Three banks earned “outstanding” ratings in December for their efforts to make loans in low- and moderate-income (LMI) areas, the regulator of national banks said Thursday. The banks are The First National Bank of Sparta […]
Once again, federal banking agencies said no action will be taken against banks or other firms that sponsor, manage, or advise investment funds and institutional accounts that become principal shareholders of banks. The agencies made […]
Asset-size thresholds at small and intermediate-sized banks for defining compliance with anti-redlining rules in 2025 were announced Monday by the regulator of national banks. The Office of the Comptroller of the Currency (OCC) said that, […]
Violations and unsafe or unsound practices at one of the nation’s largest banks relating to anti-money laundering (AML) rules and sanctions compliance programs has prompted a cease-and-desist order by the regulator of national banks, made […]
The federal banking system is sound, but banks were urged to guard against complacency and remain vigilant according to the national bank regulator’s 2024 annual report, issued Friday. The Office of the Comptroller of the […]
Two enforcement actions citing fraudulent loan applications by institution-affiliated employees to the federal Paycheck Protection Program created amid the Covid 19 pandemic are among the six December enforcement actions announced Thursday by the national bank […]
A “range of deficiencies” by USAA Federal Savings Bank (FSB) of San Antonio, Texas, are outlined in a “comprehensive” cease and desist order issued by the national bank regulator Wednesday, which also limits the bank’s […]
Seriously delinquent mortgages increased in the third quarter, the regulator of national banks said in a report Tuesday, although the number of performing current loans were up slightly. According to the Office of the Comptroller […]
Operational risk at the nation’s banks is elevated, and banks should be mindful of an “increasing trend in external fraud activity targeting consumers and the federal banking system,” according to a report issued Monday by […]
Data on small business, small farm, and community development lending during 2023 was made public Monday by the three federal banking agencies, showing a decrease in lending activity driven by higher interest rates and tighter […]
Copyright (c) 2022, RegReport.info; Contact: editor@regreport.info