October 2023 – Page 6 – 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

Call report instructions to banks include reminder not to underestimate uninsured deposits; reports due Oct. 30

October 2, 2023 0

Instructions to help banks prepare their call reports for Sept. 30, including a reminder not to reduce the estimated amount of uninsured deposits to the extent they are collateralized by pledged assets, were sent to […]

FDIC taps agency veteran Timothy Rich to lead its Atlanta region

October 2, 2023 0

Timothy Rich – a 36-year-plus veteran employee of the federal bank deposit insurance agency — is the new Atlanta Regional Director for the agency, it announced Monday. As a regional director for the Federal Deposit […]

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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 [...]