Credit unions push NCUA for exam parity with small banks
The Credit Union National Association believes the NCUA has not moved quickly enough to grant an 18-month exam cycle to credit unions with $3 billion or less in assets. ... Read full article
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New federal rules allow more banks to benefit from longer exam cycle
Before the passage of the recent regulatory relief law, only banks with assets of less than $1 billion were on an 18-month exam schedule. ... Read full article
New OCC head scraps plan to move big bank examiners off-site
The Office of the Comptroller of the Currency is eliminating a plan designed to ensure its examiners did not get too close to the big banks they supervise. ... Read full article
Boards should scrutinize managers, not hold their hands
A Federal Reserve proposal acknowledges that good board governance results from directors being credible overseers of strategy instead of a redundant form of management. ... Read full article
The anti-laundering penalty box
Violations of Bank Secrecy Act and anti-money-laundering compliance remains a hot topic for financial institutions as regulators can bar them from branch building and bank acquisitions. Here are some notable regulatory actions that are still unresolved. ... Read full article