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    • ENFORCEMENT ACTIONS—Warren report says CFPB case dismissals cost consumers recovery opportunities
    • CAPITAL AND BASEL ACCORDS—Amended Old Glory Bank PCA directive reflects adequate capitalization
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    • CHECKS AND ELECTRONIC TRANSFERS—ICBA urges UCC check-fraud drafting focused on interbank remedies
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    • FINANCIAL TECHNOLOGY—BPI staff warns on AI-agent duties, opposes liability disclaimers
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    • RESPA—2nd Cir.: Attorney’s fees were not “actual damages” under RESPA
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    • TRUTH IN LENDING—Banking groups urge CFPB to ease credit card reporting requirements
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    Banking and Finance Law Daily Wrap Up, CAPITAL AND BASEL ACCORDS—Amended Old Glory Bank PCA directive reflects adequate capitalization, (Nov 3, 2026)

    Organizations Mentioned:Old Glory Bank

    By John M. Pachkowski, J.D.

    The FDIC has amended its supervisory prompt corrective action (PCA) directive requiring Old Glory Bank to maintain adequate capitalization, but some previous restrictions remain.

    The Federal Deposit Insurance Corporation has issued an amended PCA dire ...

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