FDIC – Page 36 – 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

Due to popular requests, comment period extended for rule cracking down on ‘misrepresentations’ of deposit insurance

January 30, 2023 0

An extension of 45 days to the comment period for proposed changes to rules about misrepresentations of deposit insurance was announced Monday by the federal bank deposit insurance agency. Comments will now be due by […]

FDIC: Kansas banker assessed $35k penalty, ordered to undergo training after 100+ violations of federal insider lending rules

January 27, 2023 0

A Kansas banker who reportedly committed a combined 107 violations of federal insider lending rules was required to pay a $35,000 civil money penalty and undergo training under a December, combined consent order released Friday […]

FDIC names next deputy directors for capital markets and accounting policy, operational risk

January 26, 2023 0

Two individuals were selected to take over as deputy directors within the agency’s risk management supervision division – one dealing with capital markets and accounting policy, the other over operational risk – due to the […]

Mudslides, flooding, tornadoes, straight-line winds all prompt reg relief in CA, AL

January 19, 2023 0

Damage from mudslides, landslides and flooding caused by severe winter storms in California, and destruction from straight-line winds and tornadoes in Alabama caused by violent storms there – both this month – have prompted the […]

New chairman, vice chairman, member, sworn in to FDIC Board, giving it full complement

January 5, 2023 0

The chairman, and new vice chairman and member, of the board were sworn in Wednesday at the federal bank deposit insurance agency, beginning terms running, respectively, five years, six years and about 17 months – […]

FDIC offers public sections of living wills for 21 large financial institutions

January 4, 2023 0

Public sections of resolution plans for 21 large financial institutions were released Wednesday by the federal deposit insurance agency, which said that was its way of fostering transparency of the plans. The Federal Deposit Insurance […]

Banking agencies call out key crypto-related risks to banks, discuss supervision

January 3, 2023 0

A statement that highlights what they describe as “key risks for banking organizations associated with crypto-assets and the crypto-asset sector” and outlines approaches to supervision was issued jointly Tuesday by the three prudential federal banking […]

FDIC: 3 out of 48 banks rated under anti-redlining law deemed ‘outstanding,’ 1 ‘needs to improve’

January 3, 2023 0

Of the 48 banks receiving their Community Reinvestment Act (CRA) evaluations ratings in October, three were considered “outstanding” and one was rated “needs to improve,” the Federal Deposit Insurance Corp. (FDIC) reported Tuesday. The remaining […]

Consumer exam manual updated to reflect complex bank supervision program, changes in pandemic info

December 30, 2022 0

Compliance examination updates for the complex bank supervision program, and edits to a pre-examination information packet removing references to the coronavirus crisis and legislation targeting the economic fallout from the crisis, were parts of changes […]

Bank earns nearly half-million-dollar fine for RESPA violations

December 30, 2022 0

Violations of real estate settlement procedures resulted in a $425,000 fine against an Oregon bank last month, according to enforcement actions issued Friday by the federal bank deposit insurance agency. The Federal Deposit Insurance Corp. […]

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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 [...]