21feb08 – Regulatory Report

What's up

[ February 4, 2025 ] Six banks earn ‘outstanding’ ratings for anti-redlining rules compliance from OCC, FDIC FDIC
[ February 3, 2025 ] UPDATED: Treasury Secretary takes reins at CFPB after previous director fired; all work stopped CFPB
[ January 31, 2025 ] Utah bank faces penalty for ‘deceptive acts, unfair practices,’ including failure to disclose fees FDIC
[ January 31, 2025 ] Credit union worker prohibited after conviction in state court for embezzlement, forgery NCUA
[ January 31, 2025 ] Banking agencies set date for virtual public outreach to review regulations under EGRPRA FDIC

Final net stable funding rule slated for publication in Federal Register; takes effect July 1

February 8, 2021 0

Federal banking regulators’ October final rule creating a quantitative metric – the net stable funding ratio (NSFR) – is finally slated to be published, this Thursday, in the Federal Register. Approved by the Federal Deposit Insurance Corp. […]

Week ahead: Fed chief discusses jobs market, credit union agency head outlines priorities

February 5, 2021 0

The state of the U.S. labor market will be the focus of remarks next week by the chair of the nation’s central bank to a New York group, and priorities for the new chairman of […]

Six banks earn ‘outstanding’ ratings for anti-redlining rules compliance from OCC, FDIC

February 4, 2025 0

Six banks earned the highest ratings of “outstanding” for their compliance with anti-redlining rules in November and January, two federal banking agencies said Monday and Tuesday. According to the Office of the Comptroller of the Currency (OCC, which released its [...]
UPDATED: Treasury Secretary takes reins at CFPB after previous director fired; all work stopped

February 3, 2025 0

In 24 words, the new acting director of the federal consumer financial protection agency Monday outlined his approach to leading the agency on a part-time basis – as he also remained secretary of the Treasury. Later Monday, the Washington Post [...]
Utah bank faces penalty for ‘deceptive acts, unfair practices,’ including failure to disclose fees

January 31, 2025 0

A Utah bank was ordered to pay a $650,000 civil money penalty (CMP) in December for engaging in “deceptive acts and unfair practices,” the federal bank deposit insurer said Friday. According to the Federal Deposit Insurance Corp. (FDIC), WEX Bank [...]
Credit union worker prohibited after conviction in state court for embezzlement, forgery

January 31, 2025 0

A former Michigan credit union worker – convicted last fall of embezzlement and forgery – has been served with a notice of prohibition by the federal regulator, the agency said Friday. It was the only such order issued by the [...]
Banking agencies set date for virtual public outreach to review regulations under EGRPRA

January 31, 2025 0

A virtual public outreach meeting for March 6, 2025, is set by federal banking agencies as part of their regular review of regulations – which is required by law, the agencies announced Friday. In joint releases, the agencies noted that [...]