Tag: banking
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OCC Comptroller Gould Votes Against Resolution Plan Feedback for American Express, Calls for Dodd-Frank Reforms
Comptroller of the Currency Jonathan V. Gould voted against joint FDIC and Federal Reserve resolution plan feedback to American Express, saying the process remains unclear and unfair and urging reforms to Section 165(d).
BusinessPolitics and GovernmentUSABankingFederal GovernmentFinancial MarketsLegal Jonathan V. GouldOffice of the Comptroller of the CurrencyAmerican ExpressFederal Deposit Insurance CorporationFederal Reserve BoardDodd-Frank Act Section 165(d)Resolution PlanningOffice of the Comptroller of the Currency (OCC)
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Financial Stability Oversight Council Meets on Q3 Monitoring, Household Resilience and Regulatory Reform
Treasury Secretary Scott Bessent convened the Financial Stability Oversight Council, which heard updates on third-quarter financial stability, household resilience and banking supervision reform, and approved a $9.3 million FY2027 budget.
Politics and GovernmentBusinessUSAFederal GovernmentEconomyBankingFinancial MarketsLegal Financial Stability Oversight CouncilScott BessentU.S. Department of the Treasuryfinancial stabilitybanking supervisionhousehold resiliencefraudUS Treasury
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Federal Reserve and Agencies Publish Resolution Plan Feedback Letters for 15 Banking Organizations
Federal banking agencies released resolution plan feedback letters for 15 banking organizations, detailing their assessments of how the firms could be wound down in an orderly way.
BusinessPolitics and GovernmentUSABankingFederal GovernmentEconomy Federal ReserveResolution PlansBanking OrganizationsBoard of GovernorsFederal Reserve SystemBank RegulationFinancial RegulationU.S. Federal Reserve
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Fed Governor Waller to Address Payments in the Age of AI Agents at Sibos 2026
Federal Reserve Governor Waller will speak on payments in the age of AI agents at Sibos 2026 in Miami, Florida, the Fed board has announced.
BusinessScience & TechnologyUSABankingArtificial IntelligenceFinancial MarketsFederal Government Federal ReserveGovernor WallerSibos 2026MiamiFloridaAI agentspaymentsU.S. Federal Reserve
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Fed Governor Barr to Speak on Economic Conditions and Monetary Policy at Detroit Economic Club
Federal Reserve Governor Barr will address the Detroit Economic Club in Detroit, Michigan, delivering a speech on economic conditions and monetary policy, released by the Fed's Board of Governors.
BusinessPolitics and GovernmentUSAEconomyFederal GovernmentBankingFinancial Markets Federal ReserveBarrMonetary PolicyEconomic ConditionsDetroit Economic ClubDetroitMichiganU.S. Federal Reserve
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Fed's Bowman to Address Community Bank Cyber Workshop in Denver
Federal Reserve Vice Chair for Supervision Bowman delivers opening remarks at the Community Bank Cyber Workshop in Denver, Colorado, via pre-recorded video.
BusinessScience & TechnologyUSABankingComputers and InternetFederal GovernmentEconomy Federal ReserveBowmanCommunity Bank Cyber WorkshopDenverColoradocybersecuritycommunity banksU.S. Federal Reserve
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Mayor Bass to Address San Fernando Valley Business Leaders Tuesday
Los Angeles Mayor Karen Bass will speak to San Fernando Valley business leaders about small business support, after celebrating Banc of California's new 40,000 square foot downtown office.
Politics and GovernmentBusinessUSAState GovernmentsEconomyBankingReal Estate Karen BassLos AngelesSan Fernando Valleysmall businessesBanc of CaliforniaJared WolffDowntown L.A.
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Mayor Bass Celebrates Grand Opening of Banc of California's New 40,000 Square Foot Downtown L.A. Office
Banc of California opens a 40,000 square foot office in Downtown Los Angeles, a boost to revitalization efforts, as CEO Jared Wolff is named the next chair of Mayor Bass's Executive Business Cabinet.
BusinessPolitics and GovernmentBankingEconomyState GovernmentsEmployment and Labor Karen BassBanc of CaliforniaJared WolffDowntown Los AngelesExecutive Business CabinetCity Contract Financing ProgramLA Convention CenterLA Mayors Office
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Bessent Urges Lebanon to Disrupt Hizballah Financial Networks
Treasury Secretary Scott Bessent met Lebanese Prime Minister Nawaf Salam and Finance Minister Yassine Jaber, pressing for action against Iranian and Hizballah financial networks and banking reforms.
Politics and GovernmentBusinessUSALebanonFederal GovernmentBankingMiddle EastEconomy Scott BessentNawaf SalamYassine JaberHizballahIranU.S. Department of the TreasuryUS Treasury
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SEC Charges Investment Adviser Zoe Financial Over Undisclosed Conflicts of Interest
The SEC announced settled charges against New York-based investment adviser Zoe Financial Inc. for failing to fully and fairly disclose material facts about conflicts of interest to clients and prospective clients.
BusinessLaw EnforcementUSAFinancial MarketsLegalBanking Securities and Exchange CommissionZoe Financial Inc.investment adviserconflict of interestsettled chargesNew Yorkdisclosure
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Comptroller Gould Tells Military Banking Summit Regulatory Framework Must Support Military Community
Comptroller of the Currency Jonathan V. Gould told the Military Banking Summit that supervisors must back banks serving servicemembers, veterans and military families, saying a Community Bank Comeback must include them.
BusinessPolitics and GovernmentBankingFederal GovernmentMilitaryEconomy Office of the Comptroller of the CurrencyJonathan V. GouldMilitary Banking Summitmilitary bankscommunity banksbank supervisionveteransOffice of the Comptroller of the Currency (OCC)
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SEC Officials Issue Statement on Fair Value Measurement for Private Assets
SEC Chief Accountant Kurt Hohl and Investment Management Director Brian Daly released a statement on fair value measurement and disclosure considerations for private assets.
BusinessPolitics and GovernmentUSAFederal GovernmentFinancial MarketsBankingLegal Securities and Exchange CommissionKurt HohlBrian Dalyfair value measurementprivate assetsDivision of Investment Managementfinancial disclosure
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Treasury Secretary Bessent Names Dr. David Zervos as Counselor in the Office of the Secretary
Veteran market strategist David Zervos joins Treasury as a Counselor, bringing 35 years of experience across global markets, central banking and macroeconomic analysis to the Office of the Secretary.
Politics and GovernmentBusinessUSAFederal GovernmentEconomyFinancial MarketsBankingEmployment and Labor David ZervosScott BessentU.S. Department of the TreasuryOffice of the SecretaryJefferies LLCFederal ReserveGovernment AppointmentUS Treasury
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Federal Reserve Board Approves Peoples Bancorp Inc. Application
The Federal Reserve Board announced approval of an application by Peoples Bancorp Inc., releasing the order through its official press release channel.
BusinessPolitics and GovernmentUSABankingFederal GovernmentFinancial Markets Federal Reserve BoardPeoples Bancorp Inc.application approvalBoard of GovernorsFederal Reserve Systembanking regulationWashington DCU.S. Federal Reserve
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S&P Global Improves Connecticut's Credit Rating Outlook to Positive
S&P Global Ratings revised Connecticut's credit outlook from stable to positive, citing pension liability reductions and budget discipline, as the state prepares to offer $1.475 billion in General Obligation bonds.
Politics and GovernmentBusinessUSAState GovernmentsEconomyFinancial MarketsBanking ConnecticutS&P Global RatingsCredit RatingNed LamontErick RussellGeneral Obligation BondsPension LiabilitiesConnecticut Governors Office
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Federal Reserve Seeks Public Comment on Payment Stablecoin Rules Under GENIUS Act
The Federal Reserve Board is requesting public comment on two proposals to build a regulatory framework for Board-supervised payment stablecoin issuers under the GENIUS Act.
BusinessPolitics and GovernmentScience & TechnologyFederal GovernmentBankingFinancial MarketsLegalComputers and Internet Federal Reserve Boardpayment stablecoinGENIUS Actstablecoin regulationpublic commentBoard of Governors of the Federal Reserve SystemWashington DCU.S. Federal Reserve
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Federal Reserve Releases Senior Credit Officer Opinion Survey on Dealer Financing Terms
The Federal Reserve Board has published its Senior Credit Officer Opinion Survey on Dealer Financing Terms, a regular assessment of credit conditions in dealer financing markets.
BusinessPolitics and GovernmentUSAFederal GovernmentBankingFinancial MarketsEconomy Federal Reserve BoardSenior Credit Officer Opinion SurveyDealer Financing TermsWashington DCCredit ConditionsFinancial RegulationU.S. Federal Reserve
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Social Security Administration to Retire Lockbox Service for Programmatic Remittances
SSA issues emergency message EM-26035 announcing the upcoming retirement of its lockbox service for programmatic remittances, with one-time-only instructions for technicians.
Politics and GovernmentFederal GovernmentBankingUSA Social Security AdministrationLockbox ServicesProgrammatic RemittancesEmergency Message EM-26035my Social Security accountGovernment Benefits
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Federal Reserve Issues Enforcement Action Against Former Sandy Spring Bank Employee
The Federal Reserve Board has issued an enforcement action involving a former employee of Sandy Spring Bank, announced in a press release from the Board of Governors.
BusinessLaw EnforcementUSABankingLegalFederal Government Federal Reserve BoardSandy Spring Bankenforcement actionBoard of GovernorsFederal Reserve Systembanking regulationU.S. Federal Reserve
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OFAC Consolidates Sanctions Penalties Rules, Amends Syria Terrorism List Regulations
Treasury's OFAC is consolidating enforcement and penalties procedures into new Sanctions Penalties Regulations, amending Terrorism List Governments Sanctions Regulations after Syria's rescission, and releasing a TSRA licensing report.
Politics and GovernmentBusinessLaw EnforcementFederal GovernmentTradeLegalMiddle EastBanking OFACSanctions Penalties RegulationsSyriaState Sponsor of TerrorismTrade Sanctions Reform and Export Enhancement ActIranTerrorism List Governments Sanctions RegulationsUS Treasury
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OCC: 97.7% of First-Lien Mortgages Current and Performing in Q2 2026
OCC Mortgage Metrics Report shows 97.7% of first-lien mortgages current and performing in Q2 2026, up from 97.5% in 2025, with foreclosures rising and modifications up 16.5%.
BusinessUSABankingReal EstateFederal GovernmentEconomy Office of the Comptroller of the CurrencyMortgage Metrics Reportfirst-lien mortgagesforeclosuresloan modificationsseriously delinquent mortgagesfederal banking systemOffice of the Comptroller of the Currency (OCC)
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SEC Charges South Florida Resident and His Company for Alleged Investment Scheme Defrauding Law Enforcement
SEC charges CMI Capital LLC and founder Michael D. Williams over an alleged fraudulent investment scheme that raised about $860,000 from at least 18 investors, many of them current or former law enforcement.
BusinessLaw EnforcementUSAFinancial MarketsLegalBanking Securities and Exchange CommissionCMI Capital LLCMichael D. WilliamsSouth Floridainvestment schemesecurities fraud
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Fed Governor Barr to Address Housing Affordability at Chicago Summit
Federal Reserve Governor Barr delivers a speech on housing at the Federal Reserve Bank of Chicago's community development summit, "Housing Affordability 2026," in Chicago, Illinois.
BusinessEconomyReal EstateBankingFederal GovernmentSocial Issues Federal ReserveBarrHousing Affordability 2026Federal Reserve Bank of ChicagoCommunity Development SummitHousingChicagoU.S. Federal Reserve
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Federal Reserve Board Approves Application by BancFirst Corporation
The Federal Reserve Board announced approval of an application by BancFirst Corporation, releasing the order through its official press release channel.
BusinessPolitics and GovernmentUSABankingFederal GovernmentEconomy Federal Reserve BoardBancFirst Corporationapplication approvalBoard of GovernorsFederal Reserve Systembanking regulationWashington DCU.S. Federal Reserve
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OCC Opens Registration for New In-Person Asset Management Workshops
The OCC is offering new examiner-led Asset Management workshops for bank directors and executives in Denver on October 14 and New York on October 20, covering fiduciary risks and digital assets.
BusinessPolitics and GovernmentUSABankingFinancial MarketsLegalEducation Office of the Comptroller of the CurrencyAsset Managementbank director workshopsnational banksfederal savings associationsfiduciary activitiesdigital assetsOffice of the Comptroller of the Currency (OCC)
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Social Security Now Issues Emergency and Immediate Payments via U.S. Debit Card
SSA policy transmittals confirm emergency advance and immediate payments are now issued on a United States Debit Card instead of paper checks, following executive orders requiring electronic federal payments.
Politics and GovernmentBusinessUSAFederal GovernmentBankingEconomySocial Issues Social Security AdministrationEmergency Advance PaymentImmediate PaymentUnited States Debit CardExecutive Order 14247Executive Order 14249Department of Treasury
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Fed's Jefferson Speaks on Discount Window Modernization and Treasury Market Functioning
Federal Reserve Vice Chair Jefferson addressed discount window modernization and Treasury market functioning at the 2026 U.S. Treasury Market Conference hosted by the New York Fed.
BusinessPolitics and GovernmentUSAEconomyBankingFinancial MarketsFederal Government Federal ReserveJeffersondiscount window modernizationTreasury market functioningFederal Reserve Bank of New YorkU.S. Treasury Market ConferenceBoard of GovernorsU.S. Federal Reserve
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OCC Updates Cybersecurity Supervision Work Program Structure, Keeps Procedures Unchanged
OCC Bulletin 2026-48 updates the Cybersecurity Supervision Work Program structure to align with the NIST Cybersecurity Framework, adds no new procedures, and rescinds Bulletin 2023-22.
BusinessScience & TechnologyLaw EnforcementUSABankingComputers and InternetFederal GovernmentLegal Office of the Comptroller of the CurrencyCybersecurity Supervision Work ProgramNIST Cybersecurity FrameworkFFIECCommunity BanksBank Information TechnologyCybersecurityOffice of the Comptroller of the Currency (OCC)
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Federal Reserve Ends Enforcement Action Against SNB Bancshares and Bank of Eufaula
The Federal Reserve Board has terminated its enforcement action against SNB Bancshares and its subsidiary Bank of Eufaula, closing a regulatory matter that had been in place against the Alabama-based institutions.
BusinessLaw EnforcementBankingLegalFederal Government Federal Reserve BoardSNB BancsharesBank of Eufaulaenforcement actionbanking regulationBoard of GovernorsU.S. Federal Reserve
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Federal Reserve Issues Enforcement Actions Against Three Former Bank Employees
The Federal Reserve Board announced enforcement actions involving former employees of Northstar Bank, American Express Travel Related Services Company and Regions Bank.
BusinessLaw EnforcementBankingLegalFederal Government Federal ReserveEnforcement ActionNorthstar BankAmerican Express Travel Related Services CompanyRegions BankBoard of GovernorsBanking RegulationU.S. Federal Reserve