The Fed – Page 4 – Regulatory Report

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[ March 31, 2025 ] OCC reverses course on climate-related principles; large banks no longer must follow OCC
[ March 31, 2025 ] Bureau follows law, makes 2024 loan level data under HMDA available CFPB
[ March 31, 2025 ] NCUA bars 6 from future work in federally insured financial institutions NCUA
[ March 28, 2025 ] CRA resumes six-year ping-pong role as banking agencies announce intent to rescind latest version adopted two years ago FDIC
[ March 28, 2025 ] CFPB ‘will not prioritize’ enforcement, supervision of payday rule penalty limits CFPB

Funding risk vulnerabilities remain ‘notable’ among banks, with some MMFs susceptible to runs, report contends

November 25, 2024 0

Vulnerabilities from funding risks remain “notable” for the nation’s banks and other institutions, according to a report issued Friday (Nov. 22), with such vehicles as money-market funds (MMFs) and other cash-management vehicles “remaining susceptible to […]

Prices for Reserve Banks’ ‘mature’ priced services up an average 2.8% for 2025, Fed says

November 25, 2024 0

Fees for established, mature priced services the Federal Reserve Banks provide to banks and credit unions are rising on average by an estimated 2.8% beginning Jan. 1, excluding FedNow and Fedwire securities priced services, the […]

Ex-CEO of failed Kansas bank prohibited from financial institutions after cryptocurrency scheme

November 21, 2024 0

The former CEO of a Kansas bank that failed after the embezzlement of $47.1 million in a cryptocurrency scheme has been prohibited permanently from serving at another federally insured financial institution, the Federal Reserve said […]

Delinquency rates on rise for CRE, some consumer loans, Fed supervision report finds

November 15, 2024 0

Delinquency rates for some commercial real estate (CRE) loans and some consumer loans have increased to above pre-pandemic levels, and banks have boosted the allowance for credit losses in anticipation of further deterioration in asset […]

Fed’s Kugler becomes latest board member to advocate for continued agency independence

November 14, 2024 0

Count Federal Reserve Board Gov. Adriana Kugler as an advocate of continued agency independence, who Thursday said that condition is “fundamental” to the Fed achieving good policy. In remarks to a meeting of the Latin […]

CBDC in the Fed’s future? The payments committee chair still hasn’t heard a cogent argument

November 12, 2024 0

When it comes to a central bank digital currency (CBDC), count Federal Reserve Board Gov. Christopher Waller – the payments chair at the Fed – as a continued skeptic, hearing “no satisfactory answer” to the […]

Former bank CEO prohibited, fined after violating written agreement with Federal Reserve

November 12, 2024 0

A former interim bank chief executive, and director, has been prohibited from future participation in the banking industry and fined $75,000, the Federal Reserve said Tuesday. The said Anthony R. Gressak III is a former […]

Powell clear and curt about whether he will resign as Trump takes over: ‘No’

November 7, 2024 0

Federal Reserve Board Chair Jerome H. (“Jay”) Powell was succinct and clear Thursday about whether he would resign from his job if asked by the new president-elect – a man who during his first term […]

Washington bank faces enforcement action over consumer compliance, other issues

October 24, 2024 0

Shortcomings in compliance with consumer compliance risk management regulations, among others, have forced a Washington state bank to sign an agreement with the Federal Reserve and state regulators to address the faults in that program […]

Report outlines how interest rate decline led to outlook improvement for banks; housing market ‘held up’

October 23, 2024 0

The interest rate cut by the Federal Reserve in September of 50 basis points has led to “an improvement in the outlook” among bankers, the Fed said in its Beige Book for October issued Wednesday. […]

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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 [...]
CRA resumes six-year ping-pong role as banking agencies announce intent to rescind latest version adopted two years ago

March 28, 2025 0

The regulation implementing anti-redlining laws will change for a third time in the last six years, according to the federal banking regulators who have agreed to rescind the latest changes adopted in 2023, the agencies said Friday. In joint releases, [...]
CFPB ‘will not prioritize’ enforcement, supervision of payday rule penalty limits

March 28, 2025 0

Penalties or fines related to the payment withdrawal and payment disclosure provisions of the agency ‘s 2017 payday rule will not be an enforcement or supervision priority of the Consumer Financial Protection Bureau (CFPB) beginning March 30, when the rule [...]
Calling past crypto approach ‘flawed,’ FDIC gives banks green light on ‘permissible’ activities

March 28, 2025 0

Banks may “engage in permissible crypto-related activities” without receiving prior approval from the federal bank deposit insurance agency, it said in a financial institution letter (FIL) issued Friday. The guidance provided by the Federal Deposit Insurance Corp. (FDIC) essentially mirrors [...]
Bureau moves to vacate settlement over ‘redlining’ against small firm

March 28, 2025 0

Calling it a “harassment saga,” the consumer financial protection agency moved March 26 to vacate a 2024 settlement reached between it and a firm it previously alleged had violated the Equal Credit Opportunity Act and its regulation B. The Consumer [...]