COVID-19 actions – Page 2 – Regulatory Report

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[ February 21, 2025 ] Report: NCUA management agrees to seek improved examiner-in-charge rotation policy compliance NCUA
[ February 21, 2025 ] FDIC updates list of entities seeking brokered deposits ‘primary purpose’ exception FDIC
[ February 20, 2025 ] GAO urges regulators to adopt rules on executive incentive compensation (after 14 years) FDIC
[ February 20, 2025 ] Barr offers seven risks to watch for in financial system, offers insights into his position to step down as supervisor, but remain on Fed Board The Fed
[ February 20, 2025 ] Exam council publishes change to interest-rate risk analysis, says to expect further changes in other areas Other

CFPB teams up with HUD to lead one of six Census Bureau tech sprints on post-pandemic challenges

August 18, 2021 0

A tech sprint to tackle housing insecurity as state and federal COVID-19 eviction and foreclosure protections near their end will be led jointly by the Consumer Financial Protection Bureau (CFPB) and Department of Housing and […]

FDIC seeks feedback on approach to exams during COVID-19

August 13, 2021 0

Feedback from banks and thrifts on the federal bank deposit insurer’s supervisory approach to examinations during the COVID-19 pandemic is sought in a request for information (RFI) noted Friday in an agency Financial Institution Letter […]

Bureau review shows credit card limits declined during pandemic for high-credit-score borrowers as others ‘stagnated’

August 11, 2021 0

Credit card account limits declined overall during the pandemic – the largest declines being for high-credit-score borrowers – though a spike in account closures early in the pandemic began a decline after May 2020 that […]

CFPB says new online tool helps pandemic-affected renters, landlords find payment assistance

July 28, 2021 0

An online tool aimed at helping renters and landlords affected by the COVID-19 pandemic find and apply for payment or assistance for rent, utilities, and other expenses was unveiled Wednesday by the federal agency charged […]

Fed, FDIC release public portions of 8 big banks’ ‘living wills’ targeted to address COVID response

July 20, 2021 0

The public portions of resolution plans (also known as “living wills”) submitted July 1 by eight large domestic banking firms – and targeted to address the institutions’ response to events surrounding the COVID-19 pandemic – […]

Credit union regulator to begin ‘first phase’ of resuming onsite operations in some areas

July 14, 2021 0

The “first phase” in the agency’s plan to resume onsite operations will begin July 19 at the National Credit Union Administration (NCUA), with staff and contractors permitted to volunteer to work onsite in locations where […]

Consumers leaving loan assistance sought at height of coronavirus crisis, including some in hard-hit areas

July 13, 2021 0

Most consumers have exited loan payment assistance they may have received early in the coronavirus crisis – and that includes some people who tended to live in communities hit hardest by the financial impact of […]

COVID-related complaints saw uptick over overdraft fees charged for courtesy advances of EIPs

July 2, 2021 0

Consumer complaints about federal student loans fell off during the coronavirus crisis, but overdraft fees on checking accounts surged due to financial institutions attempting to help consumers have access to economic impact payments (EIPs), according […]

Banks, credit unions have until July 30 to pledge PPP loans to Fed facility

July 1, 2021 0

An extension to July 30 for the Federal Reserve’s Paycheck Protection Program Liquidity Facility (PPPLF) announced recently is aimed at giving financial institutions added processing time to pledge to the facility any PPP loans that […]

New bureau compliance bulletin focuses on reporting of rental, eviction information amid soon-expiring protections

July 1, 2021 0

Amid soon-expiring COVID-19 pandemic-related protections for renters, the Consumer Financial Protection Bureau (CFPB) on Thursday issued a compliance bulletin reminding landlords, consumer reporting agencies (CRAs), and others of their obligations to accurately report rental and eviction […]

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Report: NCUA management agrees to seek improved examiner-in-charge rotation policy compliance

February 21, 2025 0

A self-initiated audit of the agency’s compliance with its examiner-in-charge rotation policy and procedures found rotation occurred but identified several instances where it did not comply, according to a report by the agency’s inspector general office. The report by the [...]
FDIC updates list of entities seeking brokered deposits ‘primary purpose’ exception

February 21, 2025 0

After a long pause, the federal bank deposit insurer has resumed updating its list of notices of entities seeking a “primary purpose” exception under the agency’s brokered deposits regulation. Specifically, the four firms listed are seeking a primary purpose exception [...]
GAO urges regulators to adopt rules on executive incentive compensation (after 14 years)

February 20, 2025 0

Rules on incentive compensation, which figured into the demise of three large regional banks two years ago, should be finalized, according to a recommendation made by the congressional watchdog and published Thursday. The Government Accountability Office (GAO), in a report, [...]
Barr offers seven risks to watch for in financial system, offers insights into his position to step down as supervisor, but remain on Fed Board

February 20, 2025 0

Seven specific risks ahead for national bank regulators were outlined by the outgoing Federal Reserve’s top supervisor Thursday, as he also outlined his plans ahead. Federal Reserve Board Vice Chair for Supervision Michael Barr said the seven specific risks are: [...]
Exam council publishes change to interest-rate risk analysis, says to expect further changes in other areas

February 20, 2025 0

Changes to the interest-rate risk analysis page of the consolidated financial institution performance report were announced Thursday by the umbrella group for federal regulators. The changes, according to the Federal Financial Institution Examinations Council (FFIEC), are part of a previously [...]
Six prohibition orders issued by national bank regulator, along with agreements with two banks over ‘unsafe, unsound practices’

February 20, 2025 0

Six prohibition orders were issued by the national bank regulator so far in February, the agency said Thursday. Formal agreements were also reached with both Michigan and Connecticut banks, both the result of “unsafe or unsound purposes,” the Office of [...]