FDIC – Page 93 – Regulatory Report

What's up

[ March 12, 2025 ] Office hours focusing on topics of crypto, fintechs, innovation set for May by OCC OCC
[ March 11, 2025 ] FinCEN order ramps up CTR filing by money services businesses in certain CA, TX border areas Other
[ March 11, 2025 ] Credit unions see sharp jump in delinquencies, ROAA decay for 2024 NCUA
[ March 11, 2025 ] First new federal credit union of 2025 will serve portion of Harris County, TX NCUA
[ March 10, 2025 ] OCC reverses recent course on crypto activities making range of activities permissible OCC

Transparency on BSA/AML enforcement aim of joint agency statement (supersedes statement from 2007)

August 13, 2020 0

A statement intended to clarify and provide transparency on how regulators evaluate enforcement actions required by law in response to Bank Secrecy Act/anti-money laundering (BSA/AML) violations was issued jointly by federal bank and credit union […]

FDIC holding four deposit insurance seminars from September to December

August 12, 2020 0

Bank employees and bank officers are the target audience for a series of four identical deposit insurance seminars scheduled to be held remotely between Sept. 15 and Dec. 10 by the Federal Deposit Insurance Corp. […]

Paper implies ‘significant source of risk’ for lenders (especially fintechs) from instability of credit models

August 12, 2020 0

Instability of consumer credit models can be a significant source of risk for lenders – particularly for financial technology (fintech) firms and others, a paper released Wednesday by the federal insurer of bank deposits implied. In […]

Back to school? Agencies plan webinar on financial literacy (with a section on doing so during pandemic)

August 11, 2020 0

Apparently expressing confidence that students will be actually returning to their schools over the next few weeks, federal bank, credit union, and consumer financial protection regulators are scheduling a webinar late this month on financial […]

Retail worker pleads guilty to fraudulently seeking $8 million+ through CARES Act program

August 10, 2020 0

A project manager employed by a major retailer has pleaded guilty to bank fraud charges for fraudulently seeking more than $8 million in forgivable Paycheck Protection Program (PPP) bank loans, the Federal Deposit Insurance Crop. […]

Consolidated data web page offers ‘one-stop-shop’ for researching banks and building APIs, agency says

August 6, 2020 0

Consolidating its online tools for researching banks, including their financials and details on mergers, is the aim of a new section on the website of the federal insurer of bank deposits, the agency said Wednesday. […]

FDIC terminates two receiverships of closed banks in GA, IL

August 5, 2020 0

The federal bank deposit insurer on Aug. 1 terminated the receiverships of United Security Bank, Sparta, Ga., and Town Community Bank & Trust, Antioch, Ill., the agency said in a notice for the Federal Register. […]

Three banks earned ‘outstanding’ CRA ratings in May; one ‘needs improvement’

August 4, 2020 0

Three banks that earned ratings of “outstanding,” and one a rating of “needs improvement,” were among the 64 institutions rated for compliance with anti-redlining laws in May, the federal insurer of bank deposits said Tuesday. […]

Colorado man pleads guilty to stealing nearly $32 million through identity theft, fake loans

August 3, 2020 0

A Boulder, Colo., man pleaded guilty late last week to a nearly $32 million bank fraud scheme involving identity theft and fake residential mortgage loans that he sold to a Texas bank, federal law enforcement […]

UPDATED: MD banker pleads guilty to complex fraud scheme

August 3, 2020 0

A former Maryland bank CEO has pleaded guilty to federal bank fraud, bribery and other charges late last week for the alleged straw purchase of a home that the bank had already foreclosed on, according […]

« 1 … 91 92 93 94 95 … 189 »

Office hours focusing on topics of crypto, fintechs, innovation set for May by OCC

March 12, 2025 0

Virtual office hours focusing on technology and innovation – particularly about such topics as cryptocurrency and relationships between banks and financial technology companies (fintechs) — are set for May 6-8 by the national bank regulator, the agency said Wednesday. The [...]
FinCEN order ramps up CTR filing by money services businesses in certain CA, TX border areas

March 11, 2025 0

Treasury’s financial crimes enforcement arm on Tuesday issued a geographic targeting order (GTO) that ramps up currency transaction report (CTR) filing requirements, setting a $200 threshold, for money services businesses (MSBs) along portions of the southwest border. The order applies [...]
Credit unions see sharp jump in delinquencies, ROAA decay for 2024

March 11, 2025 0

Delinquencies at credit unions in 2024 rose by 15 basis points (bp), to 0.98% of loans, compared to the previous year, their federal regulator said Tuesday in releasing year-end financial performance statistics. National Credit Union Administration (NCUA) Board Chairman Kyle [...]
First new federal credit union of 2025 will serve portion of Harris County, TX

March 11, 2025 0

Heritage Hub Federal Credit Union of Houston, Texas, will open its doors in mid-2025 to primarily serve people who live, work, worship, or attend school in an 84-census-tract community within Harris County, the federal agency that regulates credit unions said [...]
OCC reverses recent course on crypto activities making range of activities permissible

March 10, 2025 0

Banks may engage in “a range of cryptocurrency activities” now deemed permissible by the national bank regulator, the agency said late Friday. In a release (and interpretive letter 1183 to banks) the Office of the Comptroller of the Currency (OCC) [...]
Banking agencies note rising risks for leveraged loans, stressed borrowers

March 10, 2025 0

Credit risk associated with large, syndicated bank loans as of June 30, 2024, remained moderate, banking regulators said Monday in their assessment of risk in the largest and most complex credit facilities shared by regulated banks and nonbanks, but they [...]