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What's up
  • [ September 3, 2026 ] Public banks’ annual financial disclosures should be reviewed by SEC, GAO decides; SEC says ‘not it’ FDIC
  • [ September 3, 2026 ] Info on ‘suspicious activity’ reports may be shared – but not specific reference to reports, agencies declare FDIC
  • [ September 3, 2026 ] FDIC allows more banks to except some reciprocal deposits from brokered deposits reporting, raises cap FDIC
  • [ September 3, 2026 ] 7 banks graded ‘outstanding’ for CRA by OCC OCC
  • [ September 1, 2026 ] $2.4 million Kansas City credit union merged after 2-month conservatorship NCUA
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Regulation J

The Fed

Fed proposal: Banks, credit unions could use correspondents to send payments via FedNow

April 9, 2026 0

The Federal Reserve Board proposes to permit U.S. banks and credit unions to use intermediaries to transfer funds through the FedNow Service, the board announced. In a release, the Fed said the measure, which would […]

The Fed

Fed extends comment period on FedNow rules to Sept. 9

August 3, 2021 0

The public comment period on a proposed rule adding provisions governing funds transfers handled through the coming new FedNow Service of the Federal Reserve Banks was extended from Aug. 10 to Sept. 9 Tuesday by […]

The Fed

Fed sets Aug. 10 comment deadline on proposed rules for ‘FedNow’

June 11, 2021 0

Public comments on proposed revisions to the Federal Reserve’s Regulation J, governing fund transfers, to incorporate rights and obligations of Federal Reserve Banks and participants of the Fed’s new round-the-clock instant payments service are due […]

The Fed

Regulatory wheels of change begin to turn as Fed gears up for launch of round-the-clock payments service

June 2, 2021 0

A “new and comprehensive” set of rules – but whose concepts are like existing regulations – to govern the Federal Reserve’s new round-the-clock instant payments service was proposed Tuesday by the agency. According to the […]

CFPB

Bureau eases up on late filings by land developers – but reports must still be made ‘within a reasonable time’

April 27, 2020 0

Land developers who are tardy in filing annual reports of activity or certain financial statements won’t face supervisory or enforcement action – provided that the firms are making “good faith efforts to file the reports […]

The Fed

UPDATED: Reg J changes on Federal Reserve Bank check collections, Fedwire effective Jan. 1

November 16, 2018 0

Final rule changes to simplify rules for check collections and have them better conform with requirements of a funds availability rule were approved Thursday by the Federal Reserve Board, the agency announced the same day. […]

The Fed

[UPDATED] Fed wants July 1 implementation of newly proposed check collection rule updates

March 6, 2018 0

The Federal Reserve Board is accepting comments until May 14 on check collection rule updates to better address the evolution of the nation’s check collection system to a virtually all-electronic one. The Fed is proposing […]

Today

  • Public banks’ annual financial disclosures should be reviewed by SEC, GAO decides; SEC says ‘not it’

    September 3, 2026 0
    Authority to review some banks’ annual financial disclosures should be reassessed, perhaps shifted to the federal agency that oversees security markets, the congressional watchdog recommended in a report issued Thursday. The security market oversight agency, the Securities and Exchange Commission [...]
  • Info on ‘suspicious activity’ reports may be shared – but not specific reference to reports, agencies declare

    September 3, 2026 0
    Banks and credit unions are not barred from sharing information contained on anti-money laundering reports about potentially fraudulent or other suspicious transactions with other financial institutions or customers if the existence of the report is not revealed, federal agencies said [...]
  • FDIC allows more banks to except some reciprocal deposits from brokered deposits reporting, raises cap

    September 3, 2026 0
    An interim final rule in effect now and out for comment until Oct. 1 qualifies more institutions to use a limited exemption – now also expanded – that permits excepting a portion of reciprocal deposits from brokered deposits reporting. Issued [...]
  • 7 banks graded ‘outstanding’ for CRA by OCC

    September 3, 2026 0
    Seven of the 23 banks whose Community Reinvestment Act (CRA) ratings became public in August were rated “outstanding,” with the remaining 16 rated “satisfactory,” according to data released by the national bank regulator. The August list, released Tuesday by the [...]
  • $2.4 million Kansas City credit union merged after 2-month conservatorship

    September 1, 2026 0
    The conservatorship of WeDevelopment Federal Credit Union of Kansas City, Mo., ended with the credit union merged into CommunityAmerica Federal Credit Union, Lenexa, Kan., according to a release Tuesday. The National Credit Union Administration (NCUA) placed WeDevelopment Federal Credit Union [...]
  • Order: Former IN credit union employee caused $350,000 loss

    August 31, 2026 0
    A former employee’s misconduct caused Centra Credit Union, Columbus, Ind., more than $350,000 in losses, according to an August consent prohibition announced Monday that bars her permanently from any future work in federally insured financial institutions. The National Credit Union [...]
  • Comptroller sets schedules for 4th, 1st Quarter CRA exams; takes break in December

    August 31, 2026 0
    Seventy-nine banks – many of them in Texas – will face exams for anti-redlining rules compliance in the fourth quarter of this year, and the first quarter of next year, the national bank regulator said Monday. In releasing its fourth [...]
  • Former bank CFO who diverted loan proceeds among those targeted in FDIC prohibitions

    August 28, 2026 0
    A former chief financial officer of Bank of the Valley, Bellwood, Neb., is prohibited from any future work in federally insured financial institutions under a consent order issued in July and announced Friday by the federal bank deposit insurer. The [...]
  • FDIC revises consumer exam manual in response to new definition of ‘unsafe, unsound practices’

    August 28, 2026 0
    Five chapters were revised – and a template removed –from the federal bank deposit insurance agency’s consumer compliance exam manual, the agency said Friday, in a response to a new rule on unsafe, unsound practices. On Thursday, the Federal Deposit [...]

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