Federal financial regulation – Page 3

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[ April 2, 2025 ] Call reports for first quarter due by month’s end; agencies prepare multi-factor ID for future submissions FDIC
[ April 2, 2025 ] Some non-centrally cleared bilateral repo data reporters get more time to comply with OFR rule Other
[ April 1, 2025 ] Fed terminates enforcement actions against California firms; prohibits one in Puerto Rico The Fed
[ April 1, 2025 ] FinCEN issuances focus on bulk cash smuggling into, out of Mexico; ISIS financing Other
[ April 1, 2025 ] Three state financial institution regulators named to liaison group for Exam Council Other

‘Reputation risk’ will no longer be included as element in bank examinations, OCC announces

March 21, 2025 0

“Reputation risk” will no longer be an element in examinations by the national bank regulator under a bulletin issued late Thursday by the agency, which also said it had instructed its examiners to stop assessing […]

Fed releases audited 2024 financial statements covering board, banks, more

March 21, 2025 0

Financial statements for 2024 about the Federal Reserve System – covering the 12 Federal Reserve Banks, the agency board, and one limited liability company (LLC) (consolidated with the Boston bank) – were released Friday by the […]

‘Contours of change’ at FDIC resulting from firings, deferred resignations, ‘remain unclear,’ report finds

March 20, 2025 0

The “contours of changes” to the federal bank deposit insurance agency “remain unclear” resulting from the series of executive orders from the Trump administration aiming to reduce government size, the agency’s inspector general said in […]

Failure to adhere to 2017 order earns Bay State bank cease-and-desist action

March 20, 2025 0

Unsafe and unsound practices related to interest rate risk, strategic planning, capital, liquidity, and earnings have earned a Massachusetts bank a cease-and-desist order from the national bank regulator, the agency said Thursday. According to the […]

Agency cites ‘growing signs of concern’ in lending, earnings for credit unions in report for ‘24

March 19, 2025 0

Growing signs of concern in loan performance and earnings in 2024 across all credit unions and individual institutions are cited in their federal regulator’s annual report, issued Tuesday by the agency. The National Credit Union […]

‘Digitalization’ for banks is theme for new webpage on OCC site

March 19, 2025 0

Helping banks make the most of “digitalization” is the theme of a new webpage posted Wednesday by the national bank regulator. In its bulletin OCC 2025-3, the Office of the Comptroller of the Currency (OCC) […]

Bowman, announcing nomination as supervision vice chair, pledges to leverage past experience

March 18, 2025 0

Leveraging her “hands-on experience” as a banker, state bank regulator and a Federal Reserve Board member “to address the challenges ahead” is the pledge of Michelle W. Bowman if she wins confirmation as vice chair […]

OIG suggests credit union agency consider whether to extend CLF stock adjustment payment due date beyond March 31

March 18, 2025 0

An inspector general report on the federal credit union regulator’s liquidity facility for credit unions suggests that the regulator determine whether to seek to extend the due date for member credit unions’ annual stock adjustment […]

Fintech wins ‘conditional approval’ to buy bank, change its business model

March 18, 2025 0

“Conditional approval” for a financial technology (fintech) company to change the business model of an Illinois bank — after the firm completes its purchase of the bank – was approved by the national bank regulator, […]

‘Unilateral’ decision on blocking credit union reporting of overdraft fees creates rift among regulator board members

March 17, 2025 0

A decision to rescind a requirement that credit unions publicly disclose the fees they charge for overdrafts has caused a rift along partisan lines among members of the three-person board that oversees the federal credit […]

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Call reports for first quarter due by month’s end; agencies prepare multi-factor ID for future submissions

April 2, 2025 0

Call reports for the first quarter – which contain no new data items – are due from banks in most cases by April 30, the federal banking agencies said Wednesday. However, the agencies advised in a financial institution letter (FIL), [...]
Some non-centrally cleared bilateral repo data reporters get more time to comply with OFR rule

April 2, 2025 0

Compliance deadlines for certain financial firms to report non-centrally cleared bilateral repurchase (NCCBR) agreement data to the Office of Federal Research (OFR) has been extended under a final rule published Wednesday in the Federal Register. Under the final rule, which [...]
Fed terminates enforcement actions against California firms; prohibits one in Puerto Rico

April 1, 2025 0

An enforcement action that dated back to 2022 against three Irvine, Calif., financial institutions has been terminated by the Federal Reserve, the agency said Tuesday. The Fed said its cease-and-desist actions against Allegiant United Holdings, Nano Financial Holdings, Inc., and [...]
FinCEN issuances focus on bulk cash smuggling into, out of Mexico; ISIS financing

April 1, 2025 0

Notices providing “red flags” to help financial institutions identify and report potential bulk cash smuggling across the U.S.-Mexico border and financing of ISIS were issued this week by the Financial Crimes Enforcement Network (FinCEN), Treasury’s financial crimes enforcement arm. The [...]
Three state financial institution regulators named to liaison group for Exam Council

April 1, 2025 0

Three state regulators have been named to serve on the liaison council to the umbrella group for federal financial regulators, the group announced Tuesday. The three named to the State Liaison Committee (SLC) of the Federal Financial Institutions Examination Council [...]
March disclosure shows 8 banks rated ‘outstanding’ for CRA

April 1, 2025 0

Eighteen banks’ Community Reinvestment Act (CRA) ratings from the national bank regulator became public in March, and of those, eight were ratings of “outstanding” and 10 were “satisfactory,” the agency said. The banks’ CRA evaluation “public disclosure” reports, available on [...]
OCC reverses course on climate-related principles; large banks no longer must follow

March 31, 2025 0

Large financial institutions will no longer have to deal with principles for climate-related financial risk management under a decision issued Monday by the national bank regulator. The Office of the Comptroller of the Currency (OCC) said the principles (adopted in [...]
Bureau follows law, makes 2024 loan level data under HMDA available

March 31, 2025 0

Loan-level information for 2024 filed by banks but edited to protect consumer privacy was released Monday by the federal consumer financial protection agency, as required by law. The data, collected under the Home Mortgage Disclosure Act (HMDA) Modified Loan Application [...]
NCUA bars 6 from future work in federally insured financial institutions

March 31, 2025 0

Six former credit union employees, two of them former CEOs, were barred in March from any future involvement in the affairs of any federally insured financial institution, the National Credit Union Administration said Monday. In all, the agency said it [...]