Financial Regulation

FDIC Issues CRA Examination Schedules for Q2 and Q3 2026

The Federal Deposit Insurance Corporation (FDIC) has issued the Community Reinvestment Act (CRA) examination schedules for the second and third quarters of 2026. These schedules outline institutions slated for CRA examinations, which assess banks' records of meeting community credit needs.

Paula Christina Krost - Consent Order and Fine

The Washington Department of Financial Institutions issued a consent order against Paula Christina Krost, requiring a $50,000 fine and prohibiting her from participating in mortgage lending until March 9, 2036. Krost also surrendered her mortgage loan originator license.

BaFin Warns High Performance Battery Holding AG of Suspected Public Offer

Germany's financial regulator, BaFin, has issued a warning regarding High Performance Battery Holding AG for suspected public offering of shares without a required prospectus. BaFin suspects the company is offering securities in Germany without the necessary prospectus approval, and no exemptions appear to apply.

Pension Fraud Alert: Impersonation Scams Rise

The Pensions Regulator (TPR) has issued a fraud alert urging the UK pensions industry to enhance security measures against impersonation scams. Analysis shows a rise in fraud targeting pension savers, with approximately £500,000 lost and £2.5 million at risk between 2021 and 2025.

PRA Fines UK Insurance Limited £10,625,000 for Solvency II Miscalculation

The Prudential Regulation Authority (PRA) has fined UK Insurance Limited (UKI Limited) £10,625,000 for miscalculating its Solvency II balance sheet during 2023-2024, leading to an overstatement of solvency. This is the first enforcement action where the PRA's Early Account Scheme was utilized.

BaFin Conference on Proportionality in Banking Supervision and Regulation

The German Federal Financial Supervisory Authority (BaFin) has announced a conference on Proportionality in Banking Supervision and Regulation to be held on September 16, 2026, in Bonn. The event will focus on current developments in national and European banking regulation, including regulatory relief, new MaRisk, and merger control.

BaFin Warns Against Unauthorized Services of obsidian-group.org

Germany's BaFin has issued a warning against the website obsidian-group.org for offering unauthorized financial, securities, and crypto-asset services. The operator claims registration with CySEC, but this cannot be confirmed. This website is similar to previously warned sites.

BaFin Warns Mbspoint(.)com Offers Unauthorized Financial Services

The German financial regulator BaFin has issued a warning against the website mbspoint(.)com. BaFin suspects the operators are offering financial, securities, and crypto asset services without the required authorization, which is a violation of German law.

BaFin Warns MEX Exchange and MultiBank Group Offers

Germany's BaFin has issued a warning regarding MEX Exchange and MultiBank Group for offering financial, securities, and crypto asset services without authorization on the website mexassetexchange(.)com. The entities falsely claim to be supervised by BaFin, and no connection exists with a licensed institution.

BaFin Warns About JARXE Crypto Trading Offers

Germany's BaFin has issued a warning regarding JARXE CRYPTO TRADING LTD, which is allegedly offering securities and crypto-asset services without the required authorization. The warning covers the websites jarxe(.)com and jarxe(.)org, as well as the 'Jarxe' app.