A Jan. 30 joint “office hours” held by the federal Consumer Financial Protection Bureau (CFPB) and Utah state officials in Salt Lake City yielded a meeting with bureau Director Kathleen (“Kathy”) Kraninger for nine financial […]
Two banks received “needs improvement” ratings in their most recent anti-redlining rules compliance exams, the federal insurer of bank deposits said Tuesday. Three banks earned “outstanding” compliance ratings. In its February 2020 release of the […]
A former teller and vault custodian of Farmers & Merchants Bank (Baldwin, Miss.) was barred from future work in banking and ordered to pay a combined $30,331.27 in restitution and fine over allegedly embezzling hundreds […]
A new chief information officer (CIO) for the regulator of national banks was named Friday, reprising a role previously held at another federal regulatory agency. The Office of the Comptroller of the Currency (OCC) said […]
Six credit unions will pay a total of $2,259 in civil money penalties (CMPs) for filing late call reports at mid-year, the federal credit union regulator said Monday. The National Credit Union Administration (NCUA) said […]
A former senior executive of Goldman Sachs, Andrea Vella, has been barred under a consent order from any future involvement in the banking industry for his role in the firm’s financing of a defrauded Malaysian […]
The optional community bank leverage ratio (CBLR) capital framework for qualifying institutions – which takes effect beginning with March 31 call reports – is the subject of a Feb. 25 webinar sponsored by the federal […]
A comprehensive history of how the 85-year-old fund for insuring bank deposits was built – particularly through use of risk-based premiums – is outlined in a new study prepared by the agency that administers the […]
The federal agency that insures bank deposits is preparing to terminate 14 receivership actions dating back as far as 2010, according to a notice Monday in the Federal Register. “The liquidation of the assets for […]
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