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What's up
  • [ May 8, 2025 ] OCC restores previous merger act rules; comments due in 30 days OCC
  • [ May 7, 2025 ] Regulator opens door to banks buying, selling crypto assets held in custody – the latest in rolling back crypto hurdles OCC
  • [ May 6, 2025 ] ‘Buy now, pay later’ rule not a priority for enforcement, CFPB says; rescission to be considered CFPB
  • [ May 5, 2025 ] OCC’s RFI asks about obstacles to community banks going digital OCC
  • [ May 5, 2025 ] FDIC ratings under CRA show 3 banks ‘outstanding’ and 2 ‘needs to improve’ FDIC
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FDIC

Fines assessed for flood insurance shortcomings, originating unsecured loans

March 29, 2024 0

A Mississippi bank was ordered to pay an $80,500 civil money penalty (CMP) for alleged violations of flood insurance requirements, the federal bank deposit insurance agency said Friday. In making public enforcement actions taken in […]

NCUA

Not a goodfella: former Iowa credit union worker prohibited after copping guilty plea to bank fraud

March 31, 2021 0

A former Iowa credit union worker was prohibited from ever again working in a federally insured financial institution after being sentenced on a charge of bank fraud, the credit union federal regulator said Wednesday. According […]

NCUA

Former IN credit union worker agrees to prohibition following $1.5 million in ‘misapplied’ funds

June 30, 2020 0

A former Indiana credit union worker has consented to his prohibition from working at credit unions or any other federally insured financial institution after he allegedly “misapplied” and removed $1.5 million from the credit union. […]

NCUA

NCUA bars two, including a former CUSO employee, from future service in insured FIs

March 29, 2019 0

Two individuals formerly associated with credit unions are prohibited from participating in the affairs of any federally insured financial institution under orders announced Friday by the federal credit union regulatory agency. The National Credit Union […]

The Fed

Fed bans former J.P. Morgan Chase exec for jobs scheme involving improper referrals from foreign officials

February 21, 2019 0

A former official at a non-bank subsidiary of J.P. Morgan Chase & Co. has agreed to a permanent prohibition from banking after allegedly offering internships and other jobs to persons referred by foreign officials in […]

The Fed

Fed wants to bar 2 who deceived their bank in plot to win control of another

December 13, 2018 0

Two Wyoming bank employees who were ordered by a court in April to pay that bank a collective $2.2 million in damages – related to, among other things, their misappropriation of confidential and proprietary information […]

Today

  • OCC restores previous merger act rules; comments due in 30 days

    May 8, 2025 0
    The national bank regulator is restoring its pre-2024 business combinations rule under the Bank Merger Act (BMA), undoing the rule adopted last September and also rescinding its related policy statement. The changes by the Office of the Comptroller of the [...]
  • Regulator opens door to banks buying, selling crypto assets held in custody – the latest in rolling back crypto hurdles

    May 7, 2025 0
    National banks and federal savings associations may buy and sell crypto assets held in custody, the national bank regulator confirmed Wednesday in an interpretive letter. The Office of the Comptroller of the Currency (OCC) said the banks may transact the [...]
  • ‘Buy now, pay later’ rule not a priority for enforcement, CFPB says; rescission to be considered

    May 6, 2025 0
    Enforcement of last year’s interpretive rule on “buy now, pay later” loans will not be prioritized and could be rescinded in the future, the Consumer Financial Protection Bureau (CFPB), the bureau said Tuesday. As with other rules the bureau has [...]
  • OCC’s RFI asks about obstacles to community banks going digital

    May 5, 2025 0
    Questions about the key challenges and barriers faced by community banks in adopting and implementing digital banking solutions are posed in a request for information (RFI) announced Monday by the national banking regulator. The Office of the Comptroller of the [...]
  • FDIC ratings under CRA show 3 banks ‘outstanding’ and 2 ‘needs to improve’

    May 5, 2025 0
    Of the 64 banks assigned ratings under the federal anti-redlining statute this February, three were rated “outstanding” and 2 were rated “needs to improve,” the federal bank deposit insurer said Monday. The remaining 57 banks were deemed “satisfactory” under the [...]
  • Enforcement of ECOA small-business loan data collection deprioritized at CFPB

    May 1, 2025 0
    Add the agency’s Equal Credit Opportunity Act (ECOA) small-business loan data collection rule to those the Consumer Financial Protection Bureau (CFPB) won’t be going out of its way to enforce. The bureau said Wednesday that in light of a stay [...]
  • Nearly half of 25 banks evaluated in April by OCC earn ‘outstanding’ CRA ratings

    May 1, 2025 0
    About half of banks – out of 25 total – earned “outstanding” ratings for their compliance with anti-redlining regulations during April, the regulator of national banks said Thursday. In its latest monthly release of ratings for compliance with Community Reinvestment [...]
  • Texas commissioner re-elected as chair of state liaison committee to Exam Council

    May 1, 2025 0
    The Texas commissioner of banking will serve as the chair of the state regulator liaison committee for another year to the umbrella group of federal financial institution regulators, the agency announced Thursday. Charles G. Cooper, commissioner of the Texas Department [...]

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