FDIC – Page 72 – Regulatory Report

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[ September 1, 2026 ] $2.4 million Kansas City credit union merged after 2-month conservatorship NCUA
[ August 31, 2026 ] Order: Former IN credit union employee caused $350,000 loss NCUA
[ August 31, 2026 ] Comptroller sets schedules for 4th, 1st Quarter CRA exams; takes break in December OCC
[ August 28, 2026 ] UPDATED: ‘Unsafe, unsound practice’ redefined by bank agencies in interest of prioritizing material financial risks over policies FDIC
[ August 28, 2026 ] Former bank CFO who diverted loan proceeds among those targeted in FDIC prohibitions FDIC

Now in chairman’s seat, Gruenberg lists CRA reform, climate change, bank mergers as agency priorities

February 7, 2022 0

Strengthening anti-redlining rules, addressing risks posed by climate change and reviewing bank merger rules are all priorities listed for the year ahead by the now-acting chairman of the board of the federal bank deposit insurance […]

Deposit insurance agency, trade group, announce podcast series focusing on minority depository institutions

February 4, 2022 0

Showcasing public- and private-sector efforts to preserve and promote minority depository institutions (MDIs) and advance diversity and inclusion across financial services is the aim of a series of podcasts jointly planned by the federal bank […]

FDIC releases 62 CRA ratings for banks, 3 of them ‘outstanding’

February 3, 2022 0

Three of the 62 banks evaluated under the Community Reinvestment Act (CRA) in November earned the rating of outstanding for their efforts under the anti-redlining statute, according to information released Thursday by the federal bank […]

Agency expands ‘#GetBanked’ program for unbanked into three more metro areas

February 2, 2022 0

A program designed to expand financial inclusion to “unbanked” persons will be expanded to three more cities, the federal insurance program for bank deposits said Wednesday. The Los Angeles, Dallas, and Detroit metropolitan areas will […]

Credit union regulator’s board members laud FDIC’s McWilliams as she heads for the door

February 2, 2022 0

Outgoing Federal Deposit Insurance Corp. (FDIC) Board Chairman Jelena McWilliams received a note of acknowledgement Wednesday from her colleagues at the credit union regulator’s board with a joint statement signed by all three. NCUA Chairman […]

Registration opens for ‘digital identity proofing’ tech sprint

February 1, 2022 0

Registration is open for a “tech sprint” focusing on “digital identity proofing” – the process used to collect, validate, and verify information about a person – sponsored by the federal bank deposit insurer and the […]

McWilliams plans ‘exit interview’ with address, Q&A session before she leaves Feb. 4

January 31, 2022 0

The outgoing board chairman of the federal bank deposit insurance fund is planning an “exit interview” of sorts the day before she formally exits, the agency said Monday. Jelena McWilliams, chairman of the Federal Deposit […]

Former Utah bankers prohibited, fined, for overdraft manipulations

January 28, 2022 0

Three former Utah bankers were prohibited from future service in their former bank, or any other insured depository institution or company, and fined a total of $510,000 for reckless, unsafe, or unsound banking practices involving […]

FDIC announces its director of insurance will leave agency after May

January 26, 2022 0

The top insurance executive for the federal fund that insures bank deposits is retiring, effective at the end of May, after a 34-year career, the agency announced Wednesday. Diane Ellis, director of the division of […]

FDIC, Operation HOPE to collaborate on financial education

January 24, 2022 0

The Federal Deposit Insurance Corp. (FDIC) and Operation HOPE Inc. on Monday announced a collaboration arrangement on financial education that includes resource sharing to educate minority- and/or women-owned businesses on how to compete for business […]

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$2.4 million Kansas City credit union merged after 2-month conservatorship

September 1, 2026 0

The conservatorship of WeDevelopment Federal Credit Union of Kansas City, Mo., ended with the credit union merged into CommunityAmerica Federal Credit Union, Lenexa, Kan., according to a release Tuesday. The National Credit Union Administration (NCUA) placed WeDevelopment Federal Credit Union [...]
Order: Former IN credit union employee caused $350,000 loss

August 31, 2026 0

A former employee’s misconduct caused Centra Credit Union, Columbus, Ind., more than $350,000 in losses, according to an August consent prohibition announced Monday that bars her permanently from any future work in federally insured financial institutions. The National Credit Union [...]
Comptroller sets schedules for 4th, 1st Quarter CRA exams; takes break in December

August 31, 2026 0

Seventy-nine banks – many of them in Texas – will face exams for anti-redlining rules compliance in the fourth quarter of this year, and the first quarter of next year, the national bank regulator said Monday. In releasing its fourth [...]
Former bank CFO who diverted loan proceeds among those targeted in FDIC prohibitions

August 28, 2026 0

A former chief financial officer of Bank of the Valley, Bellwood, Neb., is prohibited from any future work in federally insured financial institutions under a consent order issued in July and announced Friday by the federal bank deposit insurer. The [...]
FDIC revises consumer exam manual in response to new definition of ‘unsafe, unsound practices’

August 28, 2026 0

Five chapters were revised – and a template removed –from the federal bank deposit insurance agency’s consumer compliance exam manual, the agency said Friday, in a response to a new rule on unsafe, unsound practices. On Thursday, the Federal Deposit [...]