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Four Senior Leadership Appointments: DCP, DRR, Innovation, Chief of Staff

The FDIC announced four senior leadership appointments effective April 13, 2026. Benjamin Olson was appointed Director of the Division of Depositor and Consumer Protection with 24 years of experience including roles at CFPB, Capital One, and Buckley LLP. Shawn Khani was appointed Director of the Division of Resolutions and Receiverships, previously serving as Acting Director. Trey Maust was appointed Chief Innovation Officer, previously Executive Chairman of Lewis & Clark Bank. Sam Lupas was appointed Deputy Chief of Staff, previously senior policy advisor at HUD's Federal Housing Administration. These appointments affect internal FDIC operations and regulatory direction.

CFTC v. Matos - $1.3M Restitution and Penalties for Commodity Pool Fraud

The CFTC announced the U.S. District Court for the Middle District of Florida entered a consent order against Emir Jesus Matos Camargo for futures fraud and related violations involving commodity pool operations. The court ordered $666,038.67 in restitution and $666,038.67 in civil monetary penalties, jointly and severally with defaulted defendant Aureus Revenue Group LLC, for a total exceeding $1.3 million. The order also imposes permanent trading and registration bans.

Single Market Boost, Free Capital Flow, Bank Integration

The ECB Governing Council published its response to the European Commission's public consultation on EU banking sector competitiveness. The response calls for the euro area to function more as a single jurisdiction with capital and liquidity moving freely within cross-border banking groups, and urges concrete steps towards a European Deposit Insurance Scheme. The ECB endorses December 2025 simplification proposals as integral to the response, and calls for banking rules to shift from directives to directly applicable regulations.

Scam Alert: Fraudulent Websites and Phishing Targeting Five Hong Kong Banks

The Hong Kong Monetary Authority (HKMA) issued a scam alert on 13 April 2026 warning the public about fraudulent websites, internet banking login screens, and phishing emails targeting five banks: The Bank of East Asia, Shanghai Commercial Bank, Chong Hing Bank, OCBC Bank (Hong Kong), and China Construction Bank (Asia). The HKMA clarified that legitimate banks do not send SMS or emails with embedded hyperlinks directing customers to banking sites, nor do they request sensitive information such as login passwords or one-time passwords via phone, email, or SMS.

Pandemic Period Wage and Income Expectations

Federal Reserve economists Corinne Salter and Daniel Villar published a research note examining consumers' wage and income growth expectations before, during, and after the Covid-19 pandemic period. The analysis utilizes two surveys to track whether consumers' expectations of future wage growth followed similar movements to actual inflation expectations and realized wage growth. The study finds that while price inflation, inflation expectations, and wage growth moved substantially during the pandemic period, consumers' expectations about their own future wage growth showed very little discernible movement, raising questions about how workers and consumers form income expectations.

Pueblo FCU Merger with Air Academy CU

NCUA has received and posted for public inspection the merger application for Pueblo Federal Credit Union seeking to merge with Air Academy Credit Union. The filing is listed on Regulations.gov under docket NCUA-2026-0860-0001. This represents a routine regulatory filing for credit union consolidation requiring NCUA review and approval.

Pueblo Government FCU Member Notice Supporting Merger

NCUA published Pueblo Government Federal Credit Union's member notice supporting a proposed merger with Sunflower FCU. The notice is filed under docket NCUA-2026-0860-0002. Members will vote on the merger proposal.

MetroWest Community Merging into St. Mary's Credit Union

NCUA received a merger application for MetroWest Community Credit Union to merge into St. Mary's Credit Union. The filing was submitted to NCUA for regulatory review and approval as required under federal credit union merger regulations. Details of the merger terms and conditions are contained in the full filing.

Illinois Valley Credit Union Merger Notice

NCUA posted a merger notice filed by Illinois Valley Credit Union on Regs.gov. The notice pertains to a proposed merger involving the credit union. This is a standard regulatory filing notification under NCUA's merger approval process.

Illinois Valley, Credit Union 1 Merger Peru IL

Illinois Valley, Credit Union 1 Merger Peru IL