Tag: banking_regulation
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Federal Reserve Board Issues Enforcement Action With Ontario Bancorporation, Inc.
The Federal Reserve Board announces an enforcement action involving Ontario Bancorporation, Inc., released by the Board of Governors of the Federal Reserve System in Washington, D.C.
BusinessLaw EnforcementUSABankingLegalFederal Government Federal Reserve BoardOntario Bancorporation, Inc.enforcement actionBoard of Governors of the Federal Reserve SystemWashington, D.C.banking regulationU.S. Federal Reserve
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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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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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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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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
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Fed's Bowman to Address Stress Testing in London Speech
Federal Reserve Vice Chair for Supervision Bowman delivers a speech on stress testing at the Lord Mayor of London's luncheon at Mansion House in London, United Kingdom.
BusinessPolitics and GovernmentUnited KingdomBankingEconomyFederal GovernmentFinancial Markets Federal ReserveBowmanstress testingMansion HouseCity of Londonbanking regulationU.S. Federal Reserve
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OCC and Federal Regulators Propose New Third-Party Risk Management Guidance
OCC, with the Federal Reserve, FDIC and NCUA, issues proposed guidance revising third-party risk management rules, aiming to help banking organizations tailor practices to assessed risk levels.
BusinessPolitics and GovernmentUSABankingFederal GovernmentFinancial MarketsLegal Office of the Comptroller of the CurrencyThird-Party Risk ManagementFederal ReserveFederal Deposit Insurance CorporationNational Credit Union AdministrationBanking RegulationOCC Bulletin 2026-46Office of the Comptroller of the Currency (OCC)
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Federal Reserve and Agencies Seek Comment on Third-Party Risk Management Guidance
Federal banking agencies propose new third-party risk management guidance for comment and issue a statement on community bank engagement with core service providers.
BusinessPolitics and GovernmentBankingFederal GovernmentEconomyLegal Federal Reserve Boardthird-party risk managementcommunity bankscore service providersbanking regulationpublic commentBoard of GovernorsU.S. Federal Reserve
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OCC and FDIC Finalize Rule Clarifying Bank Supervision and Enforcement Standards
The OCC and FDIC have finalized a rule defining 'unsafe or unsound practice' and revising 'Matters Requiring Attention' for banks. This aims to bring clarity to supervision and enforcement, prioritizing material financial risks across the banking sector.
BusinessLaw EnforcementPolitics and GovernmentBankingFederal GovernmentLegalEconomy Office of the Comptroller of the CurrencyFederal Deposit Insurance CorporationBanking RegulationUnsafe or Unsound PracticeMatters Requiring AttentionFinancial RiskEnforcement ActionsOffice of the Comptroller of the Currency (OCC)
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OCC and FDIC Finalize Rule to Prioritize Material Financial Risks in Banking
The OCC and FDIC have finalized a rule to sharpen focus on material financial risks and compliance in banking. It defines "unsafe or unsound practice" and standardizes Matters Requiring Attention, aiming for clearer enforcement and supervision tailored to institutional risk…
BusinessPolitics and GovernmentBankingFederal GovernmentLegalFinancial MarketsEconomy Banking regulationFinancial riskGovernmentOCCFDICEnforcement actionsMatters Requiring AttentionOffice of the Comptroller of the Currency (OCC)
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Federal Reserve Board Approves FS Bancorp, Inc. Application
The Federal Reserve Board has approved the application from FS Bancorp, Inc., marking a key regulatory step. This decision, released by the Board of Governors, allows the company to advance its proposed activities under federal oversight.
BusinessPolitics and GovernmentBankingFederal GovernmentEconomy Federal Reserve BoardFS Bancorp, Inc.Application ApprovalBanking RegulationFinancial ServicesRegulatory DecisionU.S. Federal Reserve
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Banking Regulators Update Community Bank Leverage Ratio Guide
Federal banking agencies have updated the Community Bank Leverage Ratio compliance guide, lowering the minimum leverage ratio and revising grace period rules for qualifying community banks, effective July 1, 2026.
BusinessPolitics and GovernmentEconomyBankingFederal GovernmentLegalFinancial Markets OCCFederal ReserveFDICCommunity Bank Leverage RatioBanking RegulationCapital RequirementsEconomic Growth, Regulatory Relief, and Consumer Protection ActOffice of the Comptroller of the Currency (OCC)
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OCC Updates Credit Loss Guidance for Banks
The OCC has released an updated "Allowances for Credit Losses" booklet, replacing previous guidance. This version reflects the full adoption of CECL and recent policy changes, providing examiners with current information for supervising financial institutions.
BusinessPolitics and GovernmentBankingEconomyFederal GovernmentLegalFinancial Markets OCCAllowances for Credit LossesComptroller's HandbookASC Topic 326Current Expected Credit LossesBanking RegulationCredit RiskOffice of the Comptroller of the Currency (OCC)
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Federal Reserve Board Issues Enforcement Action Against Former Heritage State Bank Officer
The Federal Reserve Board has announced an enforcement action against a former chief lending officer of Heritage State Bank, as issued by the Board of Governors of the Federal Reserve System.
BusinessPolitics and GovernmentBankingFederal GovernmentLegal Federal Reserve BoardEnforcement ActionHeritage State BankChief Lending OfficerBanking RegulationU.S. Federal Reserve
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Federal Reserve Issues Enforcement Action Against Small Business Bank, Terminates Others
The Federal Reserve Board has taken an enforcement action against Small Business Bank. Concurrently, it announced the termination of enforcement actions against BNP Paribas S.A., BNP Paribas USA, Inc., BNP Paribas Securities Corp., and Community Bankshares, Inc., reflecting ongoing regulatory…
Politics and GovernmentBusinessFederal GovernmentBankingLegal Federal Reserve BoardSmall Business BankBNP ParibasCommunity BanksharesEnforcement actionBanking regulationFinancial servicesU.S. Federal Reserve
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Federal Agencies Release 2026 List for CRA Credit Eligibility
Federal bank regulators have issued the 2026 list of distressed or underserved nonmetropolitan middle-income geographies. Banks performing revitalization activities in these areas can receive Community Reinvestment Act credit for 12 months, supporting local economic development.
BusinessPolitics and GovernmentUSABankingFederal GovernmentEconomySocial IssuesEmployment and Labor Community Reinvestment ActCRA CreditDistressed GeographiesUnderserved AreasNonmetropolitanBanking RegulationEconomic DevelopmentOffice of the Comptroller of the Currency (OCC)
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Comptroller Gould Abstains from FDIC Vote, Citing Flaws in Resolution Planning
Comptroller Jonathan V. Gould abstained from an FDIC vote on resolution plans, citing "fundamental issues" and an "extralegal process." He advocates for significant reforms to address flawed planning and burdensome requirements.
BusinessPolitics and GovernmentEconomyBankingFederal GovernmentLegalFinancial Markets Jonathan V. GouldOffice of the Comptroller of the CurrencyFederal Deposit Insurance CorporationResolution PlanningDodd-Frank ActBanking RegulationFinancial ServicesOffice of the Comptroller of the Currency (OCC)
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EU-U.S. Joint Financial Regulatory Forum Concludes in Washington
The EU-U.S. Joint Financial Regulatory Forum, co-chaired by the U.S. Treasury and the European Commission, convened in Washington, D.C., focusing on digital finance, banking regulation, and capital markets.
Politics and GovernmentBusinessWorldFederal GovernmentFinancial MarketsBankingTradeEconomyEurope EU-U.S. Joint Financial Regulatory ForumFinancial RegulationDigital FinanceBanking RegulationCapital MarketsFATCAG20US Treasury