From the FDIC

Insurance Coverage Webinars - The FDIC will host five live webinars on FDIC deposit insurance coverage for bank employees and bank officers between May 24, 2022, and December 1, 2022. Three sessions titled Comprehensive Deposit Insurance Seminar for Bankers will offer a comprehensive overview of FDIC deposit insurance rules. Two sessions titled New Rules for Revocable and Irrevocable Trust Accounts will provide an in-depth discussion of the newly issued rules for trust accounts which will be in effect April 1, 2024.

From the Federal Reserve

Cease and Desist Order – The FRB issued a Cease and Desist Order against a former bank employee for falsification of a document in connection with request for increased compensation. 

CFPB Issues ECOA Advisory Opinion

ECOA Advisory Opinion – The CFPB issued an Advisory Opinion reminding lenders that ECOA continues to apply after a loan is issued, not just during the application process. Discrimination on a prohibited basis for credit limits, terms, or collection efforts is illegal. Adverse action notices are required when unfavorable decisions are made on an existing loan.