FDIC – Page 158 – Regulatory Report

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[ January 31, 2025 ] Utah bank faces penalty for ‘deceptive acts, unfair practices,’ including failure to disclose fees FDIC
[ January 31, 2025 ] Credit union worker prohibited after conviction in state court for embezzlement, forgery NCUA
[ January 31, 2025 ] Banking agencies set date for virtual public outreach to review regulations under EGRPRA FDIC
[ January 30, 2025 ] CFPB publishes annual list of consumer reporting companies, large and small CFPB
[ January 30, 2025 ] Military borrowers for cars pay more, longer, report asserts CFPB

Letter outlines proposed call report changes emanating from new credit losses accounting standard

October 2, 2018 0

Proposed revisions to call reports (and certain others) resulting from new accounting standards for credit losses are outlined in a new Financial Institution Letter (FIL), the Federal Deposit Insurance Corp. (FDIC) said Tuesday. In issuing […]

Regulators lay out future needs, plans in testimony before Senate Banking panel

October 2, 2018 0

Regulators took a forward look in testimony Tuesday about recently enacted regulatory relief legislation, telling a Senate committee where they hope to go in coming weeks and months with their regulatory plans, and what more […]

UPDATED: Improving communications prompts comment call, following up on agency chairman’s initiative

October 2, 2018 0

How the federal insurer of bank deposits can improve communications to insured banks, consumers and others about rules and laws regarding deposit insurance is sought in a comment call included in a “request for information” […]

Survey report: Small-biz lending varies among big, small banks; both focus on relationships

October 1, 2018 0

A survey conducted by the federal bank deposit insurer on banks’ small-business lending practices showed differences in how large and small banks – those under $10 billion in assets, and $10 billion and above – […]

BSA customer ID rule exemption set for FIs’ loans to businesses to buy property and casualty insurance

September 28, 2018 0

An exemption from Bank Secrecy Act (BSA) customer identification program rules for loans made for the purchase of property and casualty insurance was approved by federal regulators Friday, effective as of Sept. 27, 2018. The […]

Text message leads to uncovering fraud of nearly $900K

September 28, 2018 0

A text message to a bank branch manager and head teller ultimately led to the uncovering of a fraud of nearly $900,000 from a Tennessee bank, according to a report released Friday by the federal […]

Call report changes for CECL, reform law proposed by banking agencies; comments due Nov. 27

September 28, 2018 0

Changes in bank call reports and others to address revised credit-loss accounting and changes required by this year’s financial regulatory relief measure are proposed by regulators in a joint notice published Friday in the Federal […]

FDIC brokered deposits proposal in Federal Register, comments due Oct. 26

September 26, 2018 0

Proposed rule changes announced by the Federal Deposit Insurance Corp. (FDIC) earlier this month on the treatment of banks’ reciprocal deposits under the recently enacted regulatory reform law are in the Sept. 26 Federal Register. […]

FDIC NY regional teleconference next week on liquidity risk management

September 26, 2018 0

Liquidity risk and funds management for community banks is the focus of an Oct. 3 regulatory teleconference being hosted by the Federal Deposit Insurance Corp. (FDIC) New York Region. Registration is required by Sept 27 […]

EGRRCPA has spurred 35 actions by regulators so far, more than half during past six weeks

September 25, 2018 0

Federal financial institution regulators have taken at least 35 individual public actions since late May to put into effect the new regulatory relief legislation, according to a compilation of the actions by Regulatory Report. According […]

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Utah bank faces penalty for ‘deceptive acts, unfair practices,’ including failure to disclose fees

January 31, 2025 0

A Utah bank was ordered to pay a $650,000 civil money penalty (CMP) in December for engaging in “deceptive acts and unfair practices,” the federal bank deposit insurer said Friday. According to the Federal Deposit Insurance Corp. (FDIC), WEX Bank [...]
Credit union worker prohibited after conviction in state court for embezzlement, forgery

January 31, 2025 0

A former Michigan credit union worker – convicted last fall of embezzlement and forgery – has been served with a notice of prohibition by the federal regulator, the agency said Friday. It was the only such order issued by the [...]
Banking agencies set date for virtual public outreach to review regulations under EGRPRA

January 31, 2025 0

A virtual public outreach meeting for March 6, 2025, is set by federal banking agencies as part of their regular review of regulations – which is required by law, the agencies announced Friday. In joint releases, the agencies noted that [...]
CFPB publishes annual list of consumer reporting companies, large and small

January 30, 2025 0

An updated list identifying dozens of specialty consumer reporting companies as well as the three nationwide firms – Equifax, TransUnion, and Experian – was released Thursday by the Consumer Financial Protection Bureau (CFPB), along with information about steps consumers can [...]
Military borrowers for cars pay more, longer, report asserts

January 30, 2025 0

Military borrowers typically have larger loans, make smaller down payments, and ultimately shoulder higher monthly costs in the car-lending market, the federal consumer financial protection agency said Wednesday. In a report, the Consumer Financial Protection Bureau (CFPB) said that, while [...]
Order rescinding directives on ‘extremist settler violence’ in Middle East lessens bank SAR reporting requirements

January 30, 2025 0

Twin alerts on “Israeli Extremist Settler Violence Against Palestinians in the West Bank,” published last year, were rescinded Wednesday by the Treasury’s top financial crimes law enforcement unit, which effectively lessens reporting requirements on banks. The Financial Crimes Enforcement Network [...]