bank regulation

Report: Democratic Senators Demand Synapse Records From Federal Reserve
Report: Democratic Senators Demand Synapse Records From Federal Reserve
April 22, 2025  |  Bank Regulation

Four Democratic senators are reportedly demanding the Federal Reserve release records related to last year’s collapse of the FinTech company Synapse. The senators, who include...

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Reports: FDIC Plans Further Staff Reduction
Reports: FDIC Plans Further Staff Reduction
April 21, 2025  |  Bank Regulation

The Federal Deposit Insurance Corp. (FDIC) reportedly plans to make a further staff reduction, eliminating another 750 positions in addition to the 500 it cut...

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OCC Combines Supervision Activities and Elevates Information Technology and Security
OCC Combines Supervision Activities and Elevates Information Technology and Security
April 16, 2025  |  Bank Regulation

The Office of the Comptroller of the Currency (OCC) said Wednesday (April 16) that it will combine some of its supervision activities; blend its risk...

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Trump Fires 2 Board Members of National Credit Union Administration
Trump Fires 2 Board Members of National Credit Union Administration
April 16, 2025  |  Credit Unions

President Donald Trump fired two Democratic board members of the National Credit Union Administration (NCUA), leaving the board that traditionally has three members with just...

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Report: OCC Hack Prompts Information Sharing Limits From Big Banks
Report: OCC Hack Prompts Information Sharing Limits From Big Banks
April 14, 2025  |  Bank Regulation

A Bloomberg report released late Monday (April 14) says that JPMorgan Chase and Bank of New York Mellon have scaled back electronic information sharing with...

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Bank of America to Pay $540.3 Million After Ruling in FDIC Lawsuit
Bank of America to Pay $540.3 Million After Ruling in FDIC Lawsuit
April 14, 2025  |  Bank Regulation

Bank of America will reportedly pay $540.3 million following a judge’s ruling in a lawsuit in which the Federal Deposit Insurance Corp. (FDIC) accused the...

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Bank of England Scrutinizes Growing Market for Significant Risk Transfers
Bank of England Scrutinizes Growing Market for Significant Risk Transfers
April 14, 2025  |  Banking

British lenders are reportedly concerned that the Bank of England’s scrutiny of significant risk transfers (SRTs), also known as synthetic risk transfers, could slow the...

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FDIC Says Updated Guidance Frees Banks to Trade Crypto Without Prior Approval
FDIC Says Updated Guidance Frees Banks to Trade Crypto Without Prior Approval
March 28, 2025  |  Bank Regulation

The Federal Deposit Insurance Corporation (FDIC) provided new guidance Friday (March 28) saying that FDIC-supervised institutions can engage in crypto-related activities without receiving prior FDIC...

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Report: Treasury Department Seeks More Control Over FDIC and OCC
Report: Treasury Department Seeks More Control Over FDIC and OCC
March 24, 2025  |  Bank Regulation

The Treasury Department is reportedly drafting recommendations that would streamline other banking regulators and give the department more control over them. Treasury began drafting these...

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