Lax compliance with anti-money laundering (AML) laws have earned an El Paso, Texas, bank an enforcement action from the Federal Reserve, the agency said Thursday. A recent examination of United Bank of El Paso del […]
Following up on a proposal to reform anti-redlining laws (which was published Thursday, with comments due March 9), the regulator of national banks will officially issue a “request for information” (RFI) on the issue Friday. […]
A new guide to minimum procedures for federally insured credit unions using the “other supervisory committee audits” option was issued Wednesday by the institutions’ federal regulator. The National Credit Union Administration (NCUA) said it issued […]
The Federal Reserve Board is standing firm in its goal of ensuring any reform of rules governing banks’ Community Reinvestment Act (CRA) requirements remains true to the statute, and it’s banking on input from the […]
Anti-money laundering (AML) and Bank Secrecy Act (BSA) compliance, consumer financial protection and cybersecurity are at the top of the list for the supervisory priorities of the federal credit union regulator in 2020, the agency […]
Title: Community Reinvestment Act Regulations Subject: CRA Agency: OCC (The FDIC, which issued the proposed rule jointly with OCC, declined to finalize the rule with OCC “at this time.”) Status: Final rule Summary: The Office […]
At least three varieties of counterfeit checks falsely representing a Wisconsin bank, presented for payment nationwide as part of secret shopper employment scams, are being circulated nationwide, the regulator of national banks said Tuesday. In […]
First National Bank of Scott City, Scott City, Kan., has reported that counterfeit cashier’s checks using the bank’s routing number of 101104041 are being presented for payment nationwide in connection with an unknown scam, the […]
Rule changes to make it easier for federal savings associations (FSAs) to convert from mutual to stock form, and to repeal current requirements for FSAs that enter into employment contracts with their officers and employees, […]
A 30-year veteran of the federal regulator of national banks and savings associations will be the agency’s central district supervisor, the agency said Monday. Brian James, who the Office of the Comptroller of the Currency […]
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