Susan Broaddus

What's up

[ February 11, 2025 ] With OCC action, banking agencies’ withdrawal from international climate-policy network complete OCC
[ February 11, 2025 ] FCUs’ payments of operating fees, insurance fund deposit adjustments due April 18 NCUA
[ February 10, 2025 ] Reports: CFPB’s newest acting director shutters HQ for a week; employees union sues CFPB
[ February 6, 2025 ] Commercial, residential real estate strain figures big in latest stress test scenarios for big banks The Fed
[ February 6, 2025 ] FinCEN fines Brink’s $37 million for violating BSA/AML Other

Capital One hit with $80 million civil money penalty over 2019 data breach

August 6, 2020 0

A 2019 data breach affecting the personal information of more than 100 million credit card customers and credit card applicants of Capital One has yielded an $80 million civil money penalty for the bank and […]

FDIC terminates two receiverships of closed banks in GA, IL

August 5, 2020 0

The federal bank deposit insurer on Aug. 1 terminated the receiverships of United Security Bank, Sparta, Ga., and Town Community Bank & Trust, Antioch, Ill., the agency said in a notice for the Federal Register. […]

« 1 … 148 149 150

Commercial, residential real estate strain figures big in latest stress test scenarios for big banks

February 6, 2025 0

Twenty-two large banks will face annual stress tests this year against a severe global recession with heightened stress in both commercial and residential real estate markets, as well as in corporate debt markets, the Federal Reserve said late Wednesday. The [...]
FinCEN fines Brink’s $37 million for violating BSA/AML

February 6, 2025 0

Treasury’s financial crimes enforcement unit on Thursday said it has fined Brink’s Global Services USA Inc. $37 million over “willful violations” of the Bank Secrecy Act (BSA) and its implementing regulations in connection with its movement of funds across the [...]
FDIC changes direction on crypto; acting chairman wants ‘pathway’ for banks to offer digital activities

February 5, 2025 0

Actively reevaluating its supervisory approach to crypto-related activities is being pursued by the federal insurer of bank deposits, with an aim of providing a “pathway for institutions to engage in crypto- and blockchain-related activities” under safety and soundness principles, the [...]
Treasury taps top liaison to financial institution regulators

February 5, 2025 0

A former aide to a Tennessee senator will be the U.S. Treasury Department’s top liaison to the federal financial institution regulators, the Treasury secretary said Wednesday. Luke Pettit was named assistant secretary for financial institutions, according to a release by [...]
Trump’s 10-for-1 deregulation order specifies executive agencies, though others may fall in line

February 5, 2025 0

An executive order issued last week by President Donald J. Trump (R) requires executive departments and agencies to identify at least 10 existing rules to be repealed for every new one they propose, though it would be no surprise to [...]
Six banks earn ‘outstanding’ ratings for anti-redlining rules compliance from OCC, FDIC

February 4, 2025 0

Six banks earned the highest ratings of “outstanding” for their compliance with anti-redlining rules in November and January, two federal banking agencies said Monday and Tuesday. According to the Office of the Comptroller of the Currency (OCC, which released its [...]
UPDATED: Treasury Secretary takes reins at CFPB after previous director fired; all work stopped

February 3, 2025 0

In 24 words, the new acting director of the federal consumer financial protection agency Monday outlined his approach to leading the agency on a part-time basis – as he also remained secretary of the Treasury. Later Monday, the Washington Post [...]