July 2018 – Page 12 – Regulatory Report

What's up

[ February 28, 2025 ] In letter from Powell, Fed announces March survey of consumer finances, gauging spending, borrowing, banking The Fed
[ February 28, 2025 ] FDIC, OCC plan hundreds of CRA exams over next two quarters FDIC
[ February 28, 2025 ] Disaster relief deployed for banks affected by WV, KY storms FDIC
[ February 28, 2025 ] ‘No impact’ to financial sector from email security incident at OCC ‘at this time’ OCC
[ February 28, 2025 ] Former MT credit union employee barred over findings of fraud NCUA

FDIC issues update to compliance exam manual

July 2, 2018 0

The Federal Deposit Insurance Corp. (FDIC) on Friday announced an update to one chapter (IX-2.1) of its Compliance Examination Manual (CEM) regarding retail insurance sales. The update reflects changes to Part 343 of the FDIC […]

KY credit union becomes third liquidated in 2018

July 2, 2018 0

Louisville Metro Police Officers Credit Union of Louisville, Ky., became the third federally insured credit union of 2018 to be liquidated Friday, following actions earlier this year against credit unions in New Jersey and Illinois. […]

« 1 … 10 11 12

In letter from Powell, Fed announces March survey of consumer finances, gauging spending, borrowing, banking

February 28, 2025 0

A representative picture of what Americans own—from houses and cars to stocks and bonds—how and how much they borrow, and how they bank, as well as their feelings about their economic situation and that of the country more broadly will [...]
FDIC, OCC plan hundreds of CRA exams over next two quarters

February 28, 2025 0

A total of 564 banks are scheduled to receive evaluations of their performance under the anti-redlining Community Reinvestment Act (CRA) over the second and third quarters of this year, according to lists released this week by two federal banking regulators. [...]
Disaster relief deployed for banks affected by WV, KY storms

February 28, 2025 0

Damage from severe weather in West Virginia and Kentucky has triggered the deployment of regulatory relief from the federal bank deposit insurer. Two Financial Institution Letters (FILs), one Friday and the other Thursday, from the Federal Deposit Insurance Corp. (FDIC) [...]
‘No impact’ to financial sector from email security incident at OCC ‘at this time’

February 28, 2025 0

The national bank regulator this week said it has identified, isolated and resolved a security incident affecting an administrative account in the agency’s email system. The incident was reported to the Cybersecurity and Infrastructure Security Agency, or CISA, as required, [...]
Former MT credit union employee barred over findings of fraud

February 28, 2025 0

A former employee of Altana Federal Credit Union in Billings, Mont., is barred from any future work in federally insured financial institutions under a consent prohibition order by the National Credit Union Administration (NCUA). The Feb. 3 order states that [...]