FDIC – Page 22 – Regulatory Report

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[ 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

State banking regulators to sit down with federal insurance fund counterparts to discuss coordination, other issues

October 16, 2023 0

Coordination between state and federal banking regulators will be on the agenda for a Wednesday meeting between state regulators and their counterparts from the federal bank deposit insurance agency, it was announced Monday. The Federal […]

Comments due Dec. 11 on FDIC-proposed corporate governance, risk management guidelines

October 13, 2023 0

Comments on proposed guidelines issued Oct. 3 on corporate governance and risk management for insured depository institutions with total consolidated assets of $10 billion or more are due to the federal bank deposit insurance agency […]

FDIC seeking papers for 2024 consumer research symposium

October 13, 2023 0

Submissions for the 12th Consumer Research Symposium, slated for March 15, 2024, are due to the Federal Deposit Insurance Corp. (FDIC) by Oct. 27, the agency said in a reminder notice this week. The symposium, […]

Guidelines Establishing Standards for Corporate Governance and Risk Management for Covered Institutions With Total Consolidated Assets of $10 Billion or More

October 13, 2023 0

Title: Guidelines Establishing Standards for Corporate Governance and Risk Management for Covered Institutions With Total Consolidated Assets of $10 Billion or More Subject: Corporate governance, risk management Agency: FDIC Status: Proposed rule and issuance of […]

Best (and worst) of OCC, FDIC anti-redlining exam ratings include 10 banks rated ‘outstanding,’ 1 ‘needs to improve’

October 4, 2023 0

Ratings of banks evaluated under the federal anti-redlining law, and announced Wednesday, include a total of 10 banks rated “outstanding,” 52 rated “satisfactory,” and one rated “needs to improve.” None of the banks included in […]

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 […]

Korea bank affiliate ordered to pay $30 million in assessments for AML/BSA violations

September 29, 2023 0

Fines totaling $30 million have been assessed by federal and state banking agencies against a New York-based affiliate of a Korean bank for violations of anti-money laundering laws, the federal bank deposit insurance agency said […]

FDIC consumer compliance exam manual updates reflect FCRA rule changes

September 29, 2023 0

Updates to reflect 2020 and 2021 updates to Fair Debt Collection Practices (FCRA) rules, and guidelines on how to determine whether an examination should be conducted offsite vs. onsite, are the latest updates to the […]

Find FDIC, Fed, OCC proposed rules on capital, resolution plans, long-term debt in Reg Lookup

September 28, 2023 0

All five regulatory rule and guidance proposals issued by federal banking agencies Aug. 29, and published in the Federal Register the week of Sept. 18, can now be found in the Regulatory Lookup section of […]

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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 [...]