PNC – Regulatory Report

What's up

[ May 26, 2023 ] Directors from failed NOLA bank prohibited from further service or fined – or both FDIC
[ May 26, 2023 ] NCUA OIG: Loan and share account manipulation, BSA violations among reasons for recent small-credit union failures NCUA
[ May 26, 2023 ] Eight new members join FDIC’s advisory committee on community banking FDIC
[ May 25, 2023 ] NCUA staff project 1.25% share insurance fund ratio by June 30 NCUA
[ May 25, 2023 ] ‘Liquidity’ handbook gets updated, reflecting risks, changes in regulations OCC

‘Overdraft protection’ fee infractions lead to $15 million fine for PNC Bank

May 17, 2018 0

Payment of a $15 million civil money penalty was agreed to by PNC National Bank for failure to waive fees it said it would renounce since at least 2001, and for fees charged for an […]

Directors from failed NOLA bank prohibited from further service or fined – or both

May 26, 2023 0

Nine directors of a failed New Orleans bank were either prohibited from ever serving again at a federally insured financial institution, assessed a civil money penalty (CMP) – or both, in one case – in enforcement actions taken by the [...]
NCUA OIG: Loan and share account manipulation, BSA violations among reasons for recent small-credit union failures

May 26, 2023 0

The four small federal credit unions liquidated during the period covered by their regulator’s most recent inspector general report to Congress were closed for reasons including loan and share account manipulation, failure to address Bank Secrecy Act deficiencies, and generally [...]
Eight new members join FDIC’s advisory committee on community banking

May 26, 2023 0

Eight new members of a committee on community banking will take their seats for a June 1 meeting next week, the federal bank deposit insurance agency said Friday. The eight new members of the Advisory Committee on Community Banking (which [...]
NCUA staff project 1.25% share insurance fund ratio by June 30

May 25, 2023 0

The federal fund that insures credit union members’ shares (deposits) is expected to dip to 1.25% by June 30, down from the fund’s 1.3% ratio at year-end 2022, according to information released Thursday by the National Credit Union Administration (NCUA). [...]
‘Liquidity’ handbook gets updated, reflecting risks, changes in regulations

May 25, 2023 0

The “liquidity” booklet of the national bank regulator’s handbook has been updated, reflecting risks associated with liquidity and changes in regulations since the booklet was last updated, among other things, the regulator said Thursday. According to the Office of the [...]
Three bankers join MDI subcommittee just in time for May 31 meeting

May 25, 2023 0

Three bankers from Wisconsin, the District of Columbia and Georgia are joining a subcommittee on minority depository institutions for the federal bank deposit insurance agency, it was announced Thursday. The Federal Deposit Insurance Corp. (FDIC) said the three bankers named [...]
Proposal would qualify veterans organizations for federal credit unions’ charitable giving via CDAs

May 25, 2023 0

Federal credit unions would be authorized to contribute to qualified war veterans organizations through the use of charitable donation accounts (CDAs) under proposed rule issued Thursday by the National Credit Union Administration (NCUA) Board. The proposed rule would revise Part [...]
Bank enforcement manual revision targets larger, complex banks with ‘persistent weaknesses’

May 25, 2023 0

How the national bank regulator determines if a larger, more complex bank has persistent weaknesses, and possible additional actions the agency may take to address those, are reflected in revisions to the manual on bank enforcement released by the agency [...]