Federal financial regulation – Page 449

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[ February 4, 2026 ] Lax oversight of IT contract resulted in compliance issues with internal policies, FDIC watchdog finds in audit FDIC
[ February 2, 2026 ] Credit union regulator takes on additional, paid role as member of another regulatory agency’s panel NCUA
[ February 2, 2026 ] Despite tighter standards, lending for C&I picked up for larger firms in 4Q ’25, report contends The Fed
[ February 2, 2026 ] $261 million Chicago bank becomes first to fail in 2026; office reopened Monday under new owner FDIC
[ February 2, 2026 ] OCC rates 8 banks ‘outstanding’ under anti-redlining statute; another 21 deemed ‘satisfactory’ OCC

Proposal would allow corporates to invest in credit union subordinated debt – but only after capital deduction

February 20, 2020 0

Corporate credit unions could invest in subordinated debt instruments issued by credit unions – action proposed in a regulation last month – but would be required to fully deduct the amount of the instrument from […]

Credit union regulator sells off portfolio of taxi medallion loans gained in liquidations

February 20, 2020 0

Taxi medallion loans, held since several credit unions making the advances were liquidated in 2018, have been sold by the federal credit union regulator, the agency said Wednesday. In a release, the National Credit Union […]

Otting’s protestations aside, FDIC, OCC extend comment period for proposed CRA rule changes to April 8

February 19, 2020 0

The public comment period on two federal banking regulators’ controversial proposal to revise federal anti-redlining rules has been extended 30 days to April 8, the agencies announced Wednesday. The Federal Deposit Insurance Corporation (FDIC) and […]

FDIC follows Fed, OCC in releasing 2020 stress-test scenarios

February 19, 2020 0

Hypothetical economic scenarios for use in the upcoming stress tests for covered institutions with total consolidated assets of more than $250 billion were released Friday by the Federal Deposit Insurance Corp. (FDIC). The Dodd-Frank Wall […]

Banking agencies finalize changes to call reports reflecting new CBLR, other regulatory revisions

February 19, 2020 0

Changes to banking organizations’ call reports – which will include the new community bank leverage ratio (CBLR) framework and other 2019 regulatory amendments – have been finalized by the federal banking agencies, according to a […]

Workshop offers ‘keys to success’ for bank directors, senior managers

February 19, 2020 0

Keys to success for bank and thrift directors and senior managers is the topic for a two-day workshop in Miami starting March 31 hosted by the federal regulator of national banks. The Office of the […]

FDIC fills out roster for new advisory group from state bank supervisory agencies

February 19, 2020 0

Top bank supervisors from 14 states were named members of a new advisory group to the federal insurer of bank deposits Wednesday as part of the agency’s efforts to discuss issues with “potential implications” for […]

Examiners dropped the ball on C B S Employees FCU, IG says; failure cost share insurance fund $39.5 million

February 18, 2020 0

The former CEO of the now-defunct C B S Employees Federal Credit Union of Studio City, Calif., got away with embezzlement for about 20 years undetected by staff or the credit union’s federal regulatory agency […]

First bank failure for 2020 will cost estimated $14.1 million

February 18, 2020 0

The first bank failure in 2020 will cost the federal deposit insurance fund an estimated $14.1 million, the agency overseeing the fund said late last week. In a release Friday, the Federal Deposit Insurance Corp. […]

Payday lending violations lead ‘observations’ in latest consumer bureau report

February 18, 2020 0

Violations of federal rules regulating payday lending, debt collection, mortgage servicing, and student loan servicing are highlighted in the latest version of “supervisory highlights” from the federal consumer financial protection agency. Payday lending led with […]

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Lax oversight of IT contract resulted in compliance issues with internal policies, FDIC watchdog finds in audit

February 4, 2026 0

Lax oversight of a contractor for a $300 million information technology project resulted in questionable compliance with internal policies, including holding the contractor to agreed-upon metrics, the inspector general for the federal bank deposit insurance agency said Wednesday. In a [...]
Credit union regulator takes on additional, paid role as member of another regulatory agency’s panel

February 2, 2026 0

In an unusual development, two positions on federal regulatory panels will be held by the current board chairman of the credit union regulator, he announced late Friday. National Credit Union Administration (NCUA) Board Chairman Kyle Hauptman, in a statement, thanked [...]
Despite tighter standards, lending for C&I picked up for larger firms in 4Q ’25, report contends

February 2, 2026 0

Lending standards were tighter for commercial and industrial loans in the final quarter of last year, but demand was “stronger” for the borrowing among some firms, according to a report issued Monday by the Federal Reserve. In its Senior Loan [...]
$261 million Chicago bank becomes first to fail in 2026; office reopened Monday under new owner

February 2, 2026 0

A failed Chicago bank was scheduled to reopen Monday after 96% of its assets were acquired by a Detroit institution, the federal deposit insurance agency said late Friday. The first bank to fail in 2026 is a $261 million in [...]
OCC rates 8 banks ‘outstanding’ under anti-redlining statute; another 21 deemed ‘satisfactory’

February 2, 2026 0

Eight out of the 29 banks whose Community Reinvestment Act (CRA) performance ratings became public in January received “outstanding” marks from the Office of the Comptroller of the Currency (OCC). The remaining 21 banks were rated “satisfactory,” according to the [...]
Trio of small banks end deposit insurance, including 121-year-old Alabama former S&L

January 30, 2026 0

Three small banks in Arizona, Florida and Alabama – the latter of which was 121 years old – have voluntarily ended their federal deposit insurance, their federal insurer said Friday. The Federal Deposit Insurance Corp. (FDIC) said First Community Bank [...]
NCUA IG will report on travel card audit later this year, letter shows

January 30, 2026 0

Noting it “did not issue any reports with recommendations” related to the agency’s charge card programs in fiscal 2025, the National Credit Union Administration told the federal budget office it is currently conducting an audit related to its travel card [...]