FDIC – Page 17 – Regulatory Report

What's up

[ December 23, 2024 ] Charging $10 million in illegal deposit junk fees charged to drivers, CFPB sues WalMart, fintech CFPB
[ December 23, 2024 ] Scheme to illegally steer business to Rocket Mortgage draws CFPB suit CFPB
[ December 23, 2024 ] Shortcomings in anti-money laundering program prompts cease-and-desist order for BofA OCC
[ December 23, 2024 ] OCC publishes 2025 asset-size thresholds under CRA for small, intermediate banks OCC
[ December 20, 2024 ] Three of nation’s largest banks sued for allowing ‘fraud to fester’ on Zelle payment network CFPB

Former Show-Me State banker cops guilty plea for helping high-risk customers shirk BSA controls

January 18, 2024 0

A former Missouri banker pleaded guilty Wednesday to helping high-risk bank customers in evading the bank’s anti-money laundering controls, the inspector general for the federal bank deposit insurance agency said Thursday. The Office of Inspector […]

FDIC letter reminds call reports are due Jan. 30; no new data items this round

January 16, 2024 0

With the year-end 2023 call report coming due soon, the federal bank deposit insurer said Tuesday that no new data items take effect this quarter in the FFIEC 031, FFIEC 041 or FFIEC 051 call […]

Consumer compliance manual updated to reflect changes related to fair lending, funds availability

January 16, 2024 0

Updates focusing on the scope of fair lending and technical changes to regulations implementing expedited funds availability were published Tuesday by the federal insurer of bank deposits for its consumer compliance examination manual (CEM). The […]

Webinar aims to explain how new CRA rule works, including details of key areas

January 10, 2024 0

Details about the workings of the new anti-redlining regulation are presented in a video of a webinar released Wednesday by the federal banking regulators. The final rule, adopted by the regulators Oct. 24 implementing the […]

New inspector general for bank deposit insurance agency takes office

January 8, 2024 0

A new inspector general has taken office for the federal insurer of bank deposits, the agency said Monday, following her confirmation by the Senate late last month. Jennifer L. Fain is the agency’s fourth presidentially […]

Proposed call report, FFIEC 002 report form changes noted in FDIC letter; comments due Feb. 26

January 5, 2024 0

Proposed changes in banks’ regulatory reporting, many of which would take effect this June, are discussed in a Financial Institution Letter (FIL) issued Friday by the federal insurer of bank deposits. The Federal Deposit Insurance […]

Report looks at impact of inflation on banks, separated by 50+ years

January 4, 2024 0

A comparison of how lending and bank performance during the stagflation periods of the 1970s and recent high inflation with a focus on the effects on deposits is the topic of the latest report from […]

UPDATED: 4 banks listed as ‘outstanding,’ 1 ‘needs to improve’ in FDIC’s latest CRA ratings release

January 4, 2024 0

This story has been edited for a correction the FDIC made to its list released Thursday; the list now includes 68 banks, not 69. Four out of the 68 banks whose Community Reinvestment Act (CRA) […]

Banks, firm, workers slapped with enforcement actions, prohibitions, money penalties in November

January 3, 2024 0

Nine banks and a company serving banks were slapped with enforcement actions by the federal insurer of bank deposits in November, while one former credit union worker was prohibited from further service at financial institutions […]

Rule finalized accepting use of electronic communications in hearings; takes effect April 1

January 2, 2024 0

Recognizing the use of electronic communications in all aspects of administrative hearings and increasing the “efficiency and fairness of administrative adjudications” is the aim of a rule finalized last week by the federal financial institution […]

« 1 … 15 16 17 18 19 … 187 »

Charging $10 million in illegal deposit junk fees charged to drivers, CFPB sues WalMart, fintech

December 23, 2024 0

One of the nation’s largest retailers and a financial technology (fintech) firm were sued Monday for alleged illegal opening of accounts for delivery drivers and the two harvesting more than $10 million in “junk fees,” the federal consumer financial protection [...]
Scheme to illegally steer business to Rocket Mortgage draws CFPB suit

December 23, 2024 0

Rocket Homes and The Jason Mitchel Group were sued by the consumer financial protection agency Monday over allegations of illegal kickbacks for mortgage, title and escrow referrals in violation of the Real Estate Settlement Procedures Act (RESPA) and Regulation X, [...]
Shortcomings in anti-money laundering program prompts cease-and-desist order for BofA

December 23, 2024 0

Violations and unsafe or unsound practices at one of the nation’s largest banks relating to anti-money laundering (AML) rules and sanctions compliance programs has prompted a cease-and-desist order by the regulator of national banks, made public Monday. The Office of [...]
OCC publishes 2025 asset-size thresholds under CRA for small, intermediate banks

December 23, 2024 0

Asset-size thresholds at small and intermediate-sized banks for defining compliance with anti-redlining rules in 2025 were announced Monday by the regulator of national banks. The Office of the Comptroller of the Currency (OCC) said that, starting Jan. 1, a bank [...]