FDIC Releases Results of Summary of Deposits Survey
September 17, 2018 / Source: FDIC
Press Releases FDIC Releases Results of Summary of Deposits Survey FOR IMMEDIATE RELEASE September 14, 2018 Media contact: Greg Hernandez (202) 898-6984 [email protected] The Federal Deposit Insurance Corporation (FDIC) today released the results of its annual survey of branch office deposits for all FDIC-insured institutions. The latest data are as of June 30, 2018. The…
September Compliance Huddle is Now Available!
September 14, 2018 / Source:
September Compliance Huddle is now available to view. A monthly, peer-to-peer forum that is driven by the topics and issues that attendees wish to talk about and explore. September Compliance Huddle is Now Available!
Introducing a New Bureau Resource, Interactive Bureau Regulations
September 14, 2018 / Source: CFPB
Introducing a New Bureau Resource, Interactive Bureau Regulations Good afternoon, In an effort to update and streamline the eRegulations tool, the Bureau released a new version of its electronic regulations platform called Interactive Bureau Regulations (previously known as eRegulations). Interactive Bureau Regulations includes the most used features that were available through eRegulations, but now…
FDIC Seeks Comment on the Treatment of Reciprocal Deposits
September 14, 2018 / Source: FDIC
Press Releases FDIC Seeks Comment on the Treatment of Reciprocal Deposits FOR IMMEDIATE RELEASE September 13, 2018 Media contact: Julianne Fisher Breitbeil (202) 898-6895 [email protected] The Federal Deposit Insurance Corporation (FDIC) is seeking comment on a proposed rule to implement Section 202 of the Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCPA) to exempt…
Bureau of Consumer Financial Protection Issues Updated FCRA Model Disclosures
September 12, 2018 / Source: CFPB
Bureau of Consumer Financial Protection Issues Updated FCRA Model Disclosures SEP 12, 2018 WASHINGTON, D.C. — The Bureau of Consumer Financial Protection (Bureau) today issued an interim final rule updating two model disclosures to reflect changes made to the Fair Credit Reporting Act (FCRA) by recent legislation. In May 2018, Congress passed the Economic Growth, Regulatory…
Federal Reserve Board approves final amendments to liability provisions of Regulation CC
September 12, 2018 / Source: FRB
Press Release September 12, 2018 Federal Reserve Board approves final amendments to liability provisions of Regulation CC For release at 3:00 p.m. EDT The Federal Reserve Board on Wednesday approved final amendments to the liability provisions of Regulation CC, which governs availability of funds and collection of checks. These amendments continue the Board's efforts to…
Deposit-Related Credit: Updated Comptroller’s Handbook Booklet
September 12, 2018 / Source: OCC
OCC BULLETIN 2018-28 Subject: Deposit-Related Credit Date: September 12, 2018 To: Chief Executive Officers of All National Banks and Federal Savings Associations; Federal Branches and Agencies; Department and Division Heads; All Examining Personnel, and Other Interested Parties Description: Updated Comptroller’s Handbook Booklet Summary The Office of the Comptroller of the Currency (OCC) issued today the updated…
OCC Proposed Rule to Enhance Business Flexibility for Federal Savings Associations
September 11, 2018 / Source: OCC
NR 2018-95 FOR IMMEDIATE RELEASE September 10, 2018 Contact: William Grassano (202) 649-6870 Office of the Comptroller of the Currency Invites Comment on Proposed Rule to Enhance Business Flexibility for Federal Savings Associations WASHINGTON—The Office of the Comptroller of the Currency (OCC) invites comment on a proposed rule that would provide more business flexibility to…
Counterfeit Official Bank Checks of First Federal Bank of Ohio, Galion, Ohio
September 11, 2018 / Source: OCC
Alert 2018-12 Subject: Counterfeit Official Bank Checks Date: September 11, 2018 Description: First Federal Bank of Ohio Counterfeit Official Bank Checks of First Federal Bank of Ohio, Galion, Ohio To: Chief Executive Officers of All National Banks and Federal Savings Associations; All State Banking Authorities; Chair, Board of Governors of the Federal Reserve System; Chair, Federal Deposit…
Agencies Issue Statement Reaffirming the Role of Supervisory Guidance
September 11, 2018 / Source: CFPB
Agencies Issue Statement Reaffirming the Role of Supervisory Guidance SEP 11, 2018 WASHINGTON, D.C. — Five federal agencies today issued a joint statement explaining the role of supervisory guidance for regulated institutions. The statement from the agencies—the Federal Reserve Board, the Bureau of Consumer Financial Protection, the Federal Deposit Insurance Corporation, the National Credit Union Administration,…
OCC Reports Second Quarter 2018 Bank Trading Revenue
September 10, 2018 / Source: OCC
NR 2018-94 FOR IMMEDIATE RELEASE September 10, 2018 Contact: William Grassano (202) 649-6870 OCC Reports Second Quarter 2018 Bank Trading Revenue WASHINGTON — The Office of the Comptroller of the Currency (OCC) reported trading revenue of U.S. commercial banks and federal savings associations of $6.9 billion in the second quarter 2018, which was $1.3 billion,…
Expanded Examination Cycle Eligibility: Interim Final Rule
September 10, 2018 / Source: OCC
OCC BULLETIN 2018-27 Subject: Expanded Examination Cycle Eligibility Date: September 10, 2018 To: Chief Executive Officers of All National Banks, Federal Savings Associations, and Federal Branches and Agencies; Department and Division Heads; All Examining Personnel; and Other Interested Parties Description: Interim Final Rule Summary The Office of the Comptroller of the Currency (OCC), the Board of…
FIL: Interim Final Rules on Expanded Examination Cycle for Certain Small Insured Depository…
September 10, 2018 / Source: FDIC
Financial Institution Letters FIL-45-2018 September 7, 2018 Examination Cycle: Interim Final Rules on Expanded Examination Cycle for Certain Small Insured Depository Institutions and U.S. Branches and Agencies of Foreign Banks Printable Format: FIL-45-2018 – PDF (PDF Help) Summary: The FDIC and the other federal financial institution regulatory agencies have jointly adopted interim final rules (IFRs) permitting insured…
Exceptive Relief from Beneficial Ownership Requirements for Rollovers, Renewals…
September 7, 2018 / Source: FinCEN
Exceptive Relief from Beneficial Ownership Requirements for Legal Entity Customers of Rollovers, Renewals, Modifications, and Extensions of Certain Accounts Permanent Exceptive Relief Extension of Compliance Date CDs_final 508.pdf367.72 KB FIN-2018-R003 Exceptive Relief from Beneficial Ownership Requirements for Legal Entity Customers of Rollovers, Renewals, Modifications, and Extensions of Certain Accounts Issued Date: September 07, 2018 Financial Institution:…
Back2Basics: Deposit Advertising Webinar is Now Available!
September 7, 2018 / Source:
Back2Basics – Deposit Advertising Webinar is Now Available! It can be found under “News & Events” “Past Events” “Past Webinars.” View Webinar Here
OCC Releases CRA Evaluations for 16 National Banks and Federal Savings Associations
September 7, 2018 / Source: OCC
NR 2018-93 FOR IMMEDIATE RELEASE September 6, 2018 Contact: (202) 649-6870 OCC Releases CRA Evaluations for 16 National Banks and Federal Savings Associations WASHINGTON — The Office of the Comptroller of the Currency (OCC) today released a list of Community Reinvestment Act (CRA) performance evaluations that became public during the period of August 1, 2018…
Bureau of Consumer Financial Protection Releases Latest Supervisory Highlights
September 7, 2018 / Source: CFPB
Bureau of Consumer Financial Protection Releases Latest Supervisory Highlights SEP 06, 2018 WASHINGTON, D.C. — The Bureau of Consumer Financial Protection (Bureau) today released its 17th edition of Supervisory Highlights. The report covers Bureau supervision activities generally completed between December 2017 and May 2018, and shares observations in the areas of auto loan servicing, credit…
FDIC Issues List of Banks Examined for CRA Compliance
September 6, 2018 / Source: FDIC
Press Releases FDIC Issues List of Banks Examined for CRA Compliance FOR IMMEDIATE RELEASE September 5, 2018 Media contact: Greg Hernandez (202) 898-6984 [email protected] The Federal Deposit Insurance Corporation (FDIC) today issued its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act (CRA). The list covers evaluation ratings that the…
Counterfeit Official Bank Checks of Sterling National Bank, Montebello, N.Y.
September 6, 2018 / Source: OCC
Alert 2018-11 Subject: Counterfeit Official Bank Checks Date: September 5, 2018 Description: Sterling National Bank Counterfeit Official Bank Checks of Sterling National Bank, Montebello, N.Y. To: Chief Executive Officers of All National Banks and Federal Savings Associations; All State Banking Authorities; Chair, Board of Governors of the Federal Reserve System; Chair, Federal Deposit Insurance Corporation; Conference of…
FDIC Issues CRA Examination Schedules for Fourth Quarter 2018 and First Quarter 2019
September 4, 2018 / Source: FDIC
Press Releases FDIC Issues CRA Examination Schedules for Fourth Quarter 2018 and First Quarter 2019 FOR IMMEDIATE RELEASE August 31, 2018 Media contact: Greg Hernandez (202) 898-6984 [email protected] The Federal Deposit Insurance Corporation (FDIC) today issued the lists of institutions scheduled for a Community Reinvestment Act (CRA) examination during the fourth quarter of 2018 and…
Federal Reserve Board announces termination of enforcement action
September 4, 2018 / Source: FRB
Press Release September 04, 2018 Federal Reserve Board announces termination of enforcement action with OSB Community Bank For release at 11:00 a.m. EDT The Federal Reserve Board on Tuesday announced the termination of the enforcement action listed below: OSB Community Bank, Brooklyn, Michigan Written Agreement dated July 30, 2015 Terminated August 30, 2018 Additional enforcement…
Agencies extend comment period for proposed rule simplifying and tailoring the “Volcker rule”
September 4, 2018 / Source: FRB
Joint Press Release September 04, 2018 Agencies extend comment period for proposed rule simplifying and tailoring the “Volcker rule” Board of Governors of the Federal Reserve System Commodity Futures Trading Commission Federal Deposit Insurance Corporation Office of the Comptroller of the Currency Securities and Exchange Commission For release at 10:00 a.m. EDT Five federal financial…
FDIC Makes Public July Enforcement Actions
August 31, 2018 / Source: FDIC
Press Releases FDIC Makes Public July Enforcement Actions; No Administrative Hearings Scheduled for September 2018 FOR IMMEDIATE RELEASE August 31, 2018 Media contact: LaJuan Williams-Young (202) 898-3876 [email protected] The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in July. There are no administrative…
Bureau of Consumer Financial Protection Issues Rule to Implement and Clarify New HMDA Amendments
August 31, 2018 / Source: CFPB
Bureau of Consumer Financial Protection Issues Rule to Implement and Clarify New HMDA Amendments AUG 31, 2018 WASHINGTON, D.C. — Today the Bureau of Consumer Financial Protection (Bureau) issued an interpretive and procedural rule to implement and clarify the requirements of section 104(a) of the Economic Growth, Regulatory Relief, and Consumer Protection Act (the Act), which…
Federal Reserve Board issues enforcement action and announces termination of enforcement action
August 31, 2018 / Source: FRB
Press Release August 30, 2018 Federal Reserve Board issues enforcement action with The Bank of New York Mellon and announces termination of enforcement action with UCB Financial Group, Inc. For release at 11:00 a.m. EDT The Federal Reserve Board on Thursday announced the execution of the enforcement action listed below: The Bank of New York…