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What's up
  • [ February 27, 2026 ] New bank for investment firm Edward Jones wins federal insurance for Utah industrial charter FDIC
  • [ February 27, 2026 ] OCC: Final rule clarifies national trust banks may engage in non-fiduciary activities OCC
  • [ February 27, 2026 ] Former tellers prohibited following scheme to launder illicit drug proceeds through bank’s vault FDIC
  • [ February 27, 2026 ] NCUA bars 5 former credit union employees from future FI service NCUA
  • [ February 27, 2026 ] FDIC, OCC release Q2, Q3 CRA evaluation schedules FDIC
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NCUA

Credit union regulator to strive for 15 underserved area expansions in 2024

January 23, 2024 0

Will the coming year bring more credit union expansion into underserved areas? Maybe, if credit unions’ federal regulator succeeds in satisfying a particular performance indicator it set for itself for 2024. The National Credit Union […]

FDIC

Crisis readiness, cybersecurity and underserved support top three challenges for FDIC, report asserts

February 18, 2022 0

Readiness for crises, cybersecurity for banks and third-party service providers, and support for underserved communities in banking are the three top challenges for the federal deposit insurance agency, according to report issued Thursday by its […]

OCC

OCC’s Project REACh focuses financial system barrier-busting effort on Detroit

February 15, 2022 0

Efforts to open up economic and financial system access for Detroit’s underserved communities were launched Tuesday by the Office of the Comptroller of the Currency (OCC). The agency said Acting Comptroller of the Currency Michael […]

Other

FinCEN virtual ‘Innovation Hours’ June 10 will allow underserved-related groups to present their AML/CFT tech innovations

April 12, 2021 0

An Innovation Hours Program slated June 10 by the Financial Crimes Enforcement Network (FinCEN) will allow participating firms that are founded, owned, or managed by underserved groups to present their innovative products, services, and approaches designed […]

COVID-19 actions

NCUA has $1.5 million for grants to low-income credit unions in 2021 focused on digital/cyber efforts, MDIs, underserved

April 6, 2021 0

Approximately $1.5 million in awards to support digital services and cybersecurity, mentoring of small minority depository institution (MDI) credit unions, and service to underserved communities will be available to low-income-designated credit unions during 2021, the […]

CFPB

Interpretive rule outlines how ‘underserved’ areas are determined, reflecting changes in HMDA regs

June 23, 2020 0

The way in which the federal consumer financial protection agency determines which counties qualify as “underserved” for a given calendar year for purposes of mortgage origination are outlined in an interpretive rule issued Tuesday. The […]

FDIC

FDIC’s 2019 Household Survey questionnaire out for comment

November 6, 2018 0

A survey form to be used next year to measure and track economic inclusion among U.S. households is being reviewed by the Federal Deposit Insurance Corp. (FDIC), which is accepting comments on the survey and […]

FDIC

Guide offers pathway to collaboration for lending, investment in underserved communities

December 22, 2017 0

Noting that collaboration with Minority Depository Institutions (MDIs) provides “viable options for sound and profitable lending and investments” in underserved communities, the Federal Deposit Insurance Corp. (FDIC) Friday released a guide for banks and others […]

NCUA

Agency awards more than $500k in grants for outreach to underserved credit union members

November 29, 2017 0

More than half a million dollars in grants to support outreach to underserved members have been awarded to 23 credit unions in 17 states, the National Credit Union Administration (NCUA) announced Wednesday. According to the […]

Today

  • New bank for investment firm Edward Jones wins federal insurance for Utah industrial charter

    February 27, 2026 0
    An investment firm with more than $2.2 trillion in assets under management has been awarded deposit insurance for a new industrial bank it has chartered in Salt Lake City, the federal bank deposit insurance agency said Friday. According to the [...]
  • OCC: Final rule clarifies national trust banks may engage in non-fiduciary activities

    February 27, 2026 0
    A final rule that aligns regulatory language with related language in underlying statute clarifies that national trust banks may engage in non-fiduciary activities, the national bank regulator announced in a bulletin Friday. The final rule, effective April 1, was issued [...]
  • Former tellers prohibited following scheme to launder illicit drug proceeds through bank’s vault

    February 27, 2026 0
    Two Indiana bankers – who both worked for the same bank in Covington, Ind. – were prohibited from further work in a financial institution after pleading guilty to laundering more than $1.6 million of illicit drug sales proceeds, the federal [...]
  • NCUA bars 5 former credit union employees from future FI service

    February 27, 2026 0
    Five former employees of credit unions are permanently barred from future service in any federally insured depository institution under one consent order and four notices of prohibition announced Friday. The release by the National Credit Union Administration (NCUA) said the [...]
  • FDIC, OCC release Q2, Q3 CRA evaluation schedules

    February 27, 2026 0
    Nearly 400 banks are slated for evaluations under the anti-redlining Community Reinvestment Act (CRA) over the following two calendar quarters, according to schedules released Friday. Both the Federal Deposit Insurance Corp. (FDIC) and the Office of the Comptroller of the [...]
  • OCC issues GENIUS proposal of its own, catching up with other regulators

    February 26, 2026 0
    Months after another federal banking regulator – and the federal credit union regulator — issued a proposal to implement new laws allowing banks to issue stablecoins through subsidiaries, the national bank regulator has now done the same, it said late [...]
  • FinCEN solicits nominations to BSA advisory panel

    February 25, 2026 0
    Treasury’s financial crimes enforcement arm is seeking nominations of eligible organizations – including smaller financial institutions subject to the Bank Secrecy Act (BSA) and entities that can share insights on BSA framework modernization and implementation of the GENIUS Act – [...]

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