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What's up
  • [ May 29, 2026 ] Former CEO of failed $1 billion credit union prohibited by agency following 2018 conviction NCUA
  • [ May 29, 2026 ] 210 banks slated for CRA exams by FDIC over next two quarters FDIC
  • [ May 28, 2026 ] Treasury launches app for ‘Trump Accounts;’ children’s custodial IRAs to be inaugurated July 4 Other
  • [ May 28, 2026 ] OCC has 51 banks on CRA evaluation schedule for Q3; no Q4 list provided OCC
  • [ May 28, 2026 ] Fed, FDIC say no shortcomings found in biggest banks’ 2025 resolution plans FDIC
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Exceptive relief made permanent for account rollovers, renewals under beneficial ownership rule

September 7, 2018 0

The exceptive relief for financial institutions from Financial Crimes Enforcement Network (FinCEN) beneficial ownership rule requirements regarding certain account rollovers and renewals is now permanent, the law enforcement agency announced Friday. The relief, first provided […]

CFPB

BCFP announces members of consumer, community bank, CU councils

September 7, 2018 0

The Bureau of Consumer Financial Protection (BCFP) on Friday announced new memberships for three councils to advise the bureau director on consumer, community bank and credit union views regarding the agency’s supervisory and rulemaking activities. […]

FDIC

FDIC terminates 6 bank receiverships, poised to end a 7th

September 7, 2018 0

The federal bank deposit insurance agency on Sept. 1 terminated its receiverships of six banks, having “fulfilled its obligations and made all dividend distributions required by law,” according to a notice filed with the Federal […]

FDIC

Bank fraud earns man five years in jail, $5 million in restitution

September 7, 2018 0

A California was sentenced to nearly five years in prison – and ordered to pay more than $5 million in restitution — for fraudulently obtaining more than $11 million in bank loans to by a […]

CFPB

Continued consumer bureau exams of credit reporting cybersecurity depend on priorities, GAO reports

September 7, 2018 0

Continuing cybersecurity examinations of consumer reporting agencies (CRAs), such as Equifax and other credit reporting organizations, will be conducted by the federal consumer financial protection – but only if cybersecurity is identified as a priority […]

The Fed

12 bank, thrift, CU reps named to Fed advisory council for 2019

September 7, 2018 0

The Federal Reserve Board released the names of its 12-member Community Depository Institutions Advisory Council (CDIAC) for 2019 Friday. The council includes one member each from the local advisory councils – made up of bank, […]

CFPB

Consumer bureau proposes ‘disclosure sandbox’ to encourage test programs

September 7, 2018 0

Participants in a new “disclosure sandbox” proposed by the federal consumer financial protection bureau will receive waivers from usual federal disclosure requirements and self-report material changes in consumer complaint patterns to the bureau, according to […]

OCC

Two banks earn ‘outstanding’ CRA evaluations from OCC in August; no bank out of compliance or ‘needs improvement’

September 6, 2018 0

Two financial institutions earned “outstanding” ratings in their evaluations for compliance with rules implementing anti-redlining laws – and 14 others received “satisfactory” – according to results for August released Thursday by the federal regulator of […]

Today

  • Former CEO of failed $1 billion credit union prohibited by agency following 2018 conviction

    May 29, 2026 0
    The former chief executive officer of a now-closed New York credit union has been prohibited from future service (becoming an “institution-affiliated party”) at any federally insured financial institution, the federal regulator said Friday. Alan S. Kaufman, the former CEO of [...]
  • 210 banks slated for CRA exams by FDIC over next two quarters

    May 29, 2026 0
    The federal bank deposit insurer has slated 210 banks for examinations under the anti-redlining Community Reinvestment Act (CRA) over the next two quarters, according to information released Friday by the agency. The Federal Deposit Insurance Corp. (FDIC), in a release, [...]
  • Treasury launches app for ‘Trump Accounts;’ children’s custodial IRAs to be inaugurated July 4

    May 28, 2026 0
    “Trump accounts” – a custodial-style, traditional individual retirement account (IRA) for children 18 and younger – will be accessed through a phone app as their main interface, which the Treasury Department launched Thursday, the agency said. The accounts, established by [...]
  • OCC has 51 banks on CRA evaluation schedule for Q3; no Q4 list provided

    May 28, 2026 0
    The national banking regulator lists 51 banks on its schedule for Community Reinvestment Act (CRA) evaluations slated for the third quarter of 2026. No schedule was provided for the fourth quarter, though the agency usually publishes for two quarters at [...]
  • Fed, FDIC say no shortcomings found in biggest banks’ 2025 resolution plans

    May 28, 2026 0
    Feedback letters to the eight largest, most complex domestic banking organizations, plus 56 foreign banking organizations, received feedback letters sent jointly by federal regulators on their 2025 resolution plan – or “living will” – submissions. The agencies – the Federal [...]
  • Lending rises at nation’s bank in first quarter, although delinquencies rise for CRE, consumer loans

    May 27, 2026 0
    Lending was up at the nation’s banks in the first quarter of the year, seeing a 1.6% increase from the last quarter of 2025 for an annual rise of 7.1%, the federal bank deposit insurance agency said Wednesday. However, the [...]
  • NCUA OIG finds weaknesses in agency ERM oversight

    May 26, 2026 0
    An inspector general report on the federal credit union regulator’s enterprise risk management (ERM) found that the group of senior staff responsible for primary oversight of ERM “did not consistently establish, update, or use risk profiles to address” it. The [...]

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