Trump admin revamp of anti-redlining law targets activist groups

The Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency issued a joint notice of proposed rulemaking for the Community Reinvestment Act that would tailor requirements for smaller institutions and monitor which groups receive community development grants.

FDIC Board of Directors Approve New Actions

BOARD MATTERS | July 31, 2026 FDIC Board of Directors Approve New Actions By notational vote, the Federal Deposit Insurance Corporation’s Board of Directors today unanimously approved the following matters. Materials and information related to these Board actions are available on the Board Matters webpage. Notice of Proposed Rulemaking: Community Reinvestment Act Regulations Press Release […]

Press Release: FDIC Publishes Enforcement Orders for June 2026

PRESS RELEASE | JULY 31, 2026 FDIC Publishes Enforcement Orders for June 2026 WASHINGTON — The Federal Deposit Insurance Corporation (FDIC) today published a list of orders of administrative enforcement actions taken against banks and individuals in June 2026. There are no administrative hearings scheduled for August 2026. Orders to Pay Civil Money Penalties: Planters […]

How concentration risk hit one banking-as-a-service provider

Coastal Financial in Everett, Washington, is reshuffling its management team and abandoning an expansion plan. On Thursday, the bank reported a nearly $69 million credit expense sparked by a fintech partner’s deteriorating financial condition.