preemption – Regulatory Report

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[ May 30, 2025 ] Three former bank workers slapped with prohibitions after alleged fraud, exploiting elders FDIC
[ May 30, 2025 ] NCUA bars former CA credit union employee; terminates a cease-and-desist order NCUA
[ May 30, 2025 ] FDIC: 359 banks slated for CRA evaluations in second half of 2025 FDIC
[ May 29, 2025 ] Powell and Trump meet, Fed says in first such disclosure for 2025 The Fed
[ May 29, 2025 ] Fed governor draws line between decline of U.S. financial assets as ‘safe haven’ and financial stability The Fed

Interpretive rule aims to underscore states may preempt FCRA with stricter requirements

June 28, 2022 0

States can protect residents through their own fair credit reporting laws by enacting laws that are stricter than the Fair Credit Reporting Act (FCRA), the federal consumer financial protection agency said Tuesday in issuing an […]

OCC explains its approach to federal preemption under Dodd-Frank

December 22, 2020 0

How the federal agency that charters national banks interprets standards for federal preemption of state law under the 2010 financial consumer protection statute is detailed in a new interpretive letter. The letter, issued Friday by […]

Three former bank workers slapped with prohibitions after alleged fraud, exploiting elders

May 30, 2025 0

Three bank workers were prohibited from further employment by financial institutions under orders issued in April by the federal bank deposit insurance agency, it said Friday. According to the Federal Deposit Insurance Corp. (FDIC), those prohibited were: Maggie Kay Schaefer, [...]
NCUA bars former CA credit union employee; terminates a cease-and-desist order

May 30, 2025 0

A former employee of Antioch Community Federal Credit Union (Antioch, Calif.) was barred from any future service in a federally insured financial institution due to a May 2024 conviction of embezzlement and other charges, the National Credit Union Administration (NCUA) [...]
FDIC: 359 banks slated for CRA evaluations in second half of 2025

May 30, 2025 0

The federal bank deposit insurer is slated to evaluate 359 banks under the federal anti-redlining statute, the Community Reinvestment Act (CRA), over the third and fourth quarters of this year, the agency’s published schedules show. The Federal Deposit Insurance Corp. [...]
Powell and Trump meet, Fed says in first such disclosure for 2025

May 29, 2025 0

What appears to have been the first one-on-one meeting this year between the Federal Reserve Board chairman and the U.S. president took place Thursday at the White House, according to information released by the Fed. The Federal Reserve issued a [...]
Fed governor draws line between decline of U.S. financial assets as ‘safe haven’ and financial stability

May 29, 2025 0

How possible changes in the role of U.S. financial assets as a “safe haven” might affect financial stability both domestically and internationally is “crucial to examine,” a Federal Reserve governor said Thursday. Fed Gov. Adriana D. Kugler, in opening remarks [...]