July Compliance Huddle is Now Available!
July 19, 2018 / Source:
July 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. July Compliance Huddle is Now Available!
Speech by Vice Chairman Quarles on factors for tailoring supervision and regulation of large FIs
July 19, 2018 / Source: FRB
Speech PDF July 18, 2018 Getting It Right: Factors for Tailoring Supervision and Regulation of Large Financial Institutions Vice Chairman for Supervision Randal K. Quarles At American Bankers Association Summer Leadership Meeting, Salt Lake City, Utah I want to thank the American Bankers Association for inviting me to speak.1 This is an era of relatively rapid…
Bureau of Consumer Financial Protection Announces Director for the Office of Innovation
July 19, 2018 / Source: cfpb
Bureau of Consumer Financial Protection Announces Director for the Office of Innovation JUL 18, 2018 WASHINGTON, D.C. — Bureau of Consumer Financial Protection (Bureau) Acting Director Mick Mulvaney today announced he has selected Paul Watkins to lead the Bureau’s new Office of Innovation. “I am delighted that Paul Watkins is bringing his deep expertise, track record…
Federal Reserve Board issues termination of enforcement actions
July 19, 2018 / Source: FRB
Press Release July 19, 2018 Federal Reserve Board issues termination of enforcement actions with Community Banks of Georgia, Inc., and Grand Mountain Bancshares, Inc. For release at 11:00 a.m. EDT The Federal Reserve Board on Thursday announced the termination of the enforcement actions listed below: Community Banks of Georgia, Inc., Jasper, Georgia Written Agreement dated…
Consolidated Reports of Condition and Income
July 18, 2018 / Source: FDIC
Financial Institution Letters FIL-40-2018 July 17, 2018 Consolidated Reports of Condition and Income Printable Format: FIL-40-2018 – PDF (PDF Help) Summary: Burden-reducing revisions to all three versions of the Consolidated Reports of Condition and Income (Call Report) are taking effect as of the June 30, 2018, report date. These revisions result from efforts by the federal banking…
Testimony by Chairman Powell on the semiannual Monetary Policy Report to the Congress
July 18, 2018 / Source: FRB
Testimony PDF July 17, 2018 Semiannual Monetary Policy Report to the Congress Chairman Jerome H. Powell Before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate, Washington, D.C. Chairman Powell submitted identical remarks to the Committee on Financial Services, U.S. House of Representatives, on July 18, 2018. Good morning. Chairman Crapo, Ranking Member…
Mortgage Rates Edge Higher
July 17, 2018 / Source: Mortgage News Daily
BY: MATTHEW GRAHAM Mortgage Rates Edge Higher Jul 16 2018, 4:11PM Mortgage rates fell to their lowest levels since late May as of last Friday. Today, then, would be the 2nd best day since late May. Rates edged slightly higher to begin the new week as bond markets (which underlie rates) came under modest pressure for several relatively inconsequential reasons. The…
FILs Consolidated Reports of Condition and Income for Second Quarter 2018
July 17, 2018 / Source: FDIC
Financial Institution Letters Federal Deposit Insurance Corporation Office of the Comptroller of the Currency Board of Governors of the Federal Reserve System FIL-39-2018 July 16, 2018 Printable Format: FIL-39-2018 – PDF (PDF Help) DEPOSITORY INSTITUTION REPORTS TO: CHIEF EXECUTIVE OFFICER SUBJECT: Consolidated Reports of Condition and Income for Second Quarter 2018 The attached materials pertain to the…
Federal Reserve Board issues enforcement actions and announces termination of enforcement action
July 16, 2018 / Source: FRB
Press Release July 12, 2018 Federal Reserve Board issues enforcement action with United Bank Limited and former employee of Hinsdale Bank & Trust and announces termination of enforcement action with United Bank Limited For release at 11:00 a.m. EDT The Federal Reserve Board on Thursday announced the execution of the enforcement actions listed below: United…
Fed Plays Down Trade Woes and Suggests Rosy Economic Outlook
July 16, 2018 / Source: The New York Times
Fed Plays Down Trade Woes and Suggests Rosy Economic Outlook By Jim Tankersley WASHINGTON — Federal Reserve officials presented a rosy economic report card to Congress on Friday, playing down risks to growth from trade tensions and declaring that the financial system is “substantially more resilient than during the decade before the financial crisis.” The Fed…
Fictitious Notification Regarding the Release of Funds Supposedly Under the Control of the OCC
July 13, 2018 / Source: OCC
Alert 2018-9 Subject: Fictitious Regulatory Agency Notification Date: July 12, 2018 Description: Fictitious Notification Attributed to Officials of the Office of the Comptroller of the Currency Fictitious Notification Regarding the Release of Funds Supposedly Under the Control of the Office of the Comptroller of the Currency To: Chief Executive Officers of All National Banks and Federal Savings…
Counterfeit Cashier’s Checks of National United, Gatesville, Texas
July 13, 2018 / Source: OCC
Alert 2018-8 Subject: Counterfeit Cashier’s Checks Date: July 12, 2018 Description: National United Counterfeit Cashier’s Checks of National United, Gatesville, Texas 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; Chairman, Federal Deposit Insurance Corporation; Conference of State Bank Supervisors; Deputy…
DOJ, CFPB, SEC, and FTC Announce Task Force on Market Integrity and Consumer Fraud
July 12, 2018 / Source: DOJ
Department of Justice Office of Public Affairs FOR IMMEDIATE RELEASE Wednesday, July 11, 2018 Department of Justice, Bureau of Consumer Financial Protection, U.S. Securities and Exchange Commission, Federal Trade Commission Announce Task Force on Market Integrity and Consumer Fraud Deputy Attorney General Rod Rosenstein today announced the establishment of a new Task Force on Market…
FILs Interagency Forms: Implementation of Updated Interagency Forms
July 12, 2018 / Source: FDIC
Financial Institution Letters FIL-38-2018 July 11, 2018 Interagency Forms: Implementation of Updated Interagency Forms Printable Format: FIL-38-2018 – PDF (PDF Help) Summary: The FDIC is implementing revisions to currently approved interagency forms, based on the recommendations of an interagency working group comprised of representatives from the FDIC, the Board of Governors of the Federal Reserve System, and…
Back2Basics – Suspicious Activity Reports Webinar is Now Available!
July 11, 2018 / Source:
Back2Basics – Suspicious Activity Reports Webinar is Now Available! It can be found under “News & Events” “Past Events” “Past Webinars.” View Webinar Here
OCC’s Minority Depository Institutions Advisory Committee Charter Renewed
July 11, 2018 / Source: OCC
NR 2018-71 FOR IMMEDIATE RELEASE July 10, 2018 Contact: Stephanie Collins (202) 649-6870 OCC's Minority Depository Institutions Advisory Committee Charter Renewed WASHINGTON — The Office of the Comptroller of the Currency (OCC) has renewed the charter of its Minority Depository Institutions Advisory Committee (MDIAC), which advises the agency on issues and opportunities facing minority depository…
Regulatory Relief: Guidance to Help Financial Institutions and Facilitate Recovery in Area…
July 11, 2018 / Source: FDIC
Financial Institution Letters FIL-37-2018 July 10, 2018 Regulatory Relief Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Texas Affected by Severe Storms and Flooding Printable Format: FIL-37-2018 – PDF (PDF Help) Summary: The FDIC has announced a series of steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of…
OCC Hosts Mutual Savings Association Advisory Committee Meeting on July 24
July 10, 2018 / Source: OCC
NR 2018-70 FOR IMMEDIATE RELEASE July 9, 2018 Contact: Joe Adamoli (202) 649-6870 OCC Hosts Mutual Savings Association Advisory Committee Meeting on July 24 WASHINGTON—The Office of the Comptroller of the Currency (OCC) will host a public meeting of the Mutual Savings Association Advisory Committee (MSAAC) Tuesday, July 24, 2018, beginning at 1:00 p.m. Eastern…
Agencies post public sections of July 2018 plans
July 10, 2018 / Source: FRB
Joint Press Release July 09, 2018 Agencies post public sections of July 2018 plans Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation For immediate release WASHINGTON–The Federal Reserve Board and the Federal Deposit Insurance Corporation (FDIC) on Monday released the public portions of four foreign banking organizations' resolution plans, which are…
Joint Release/Agencies Issue Statement Regarding the Impact of the Economic Growth, Regula…
July 9, 2018 / Source: FDIC
Press Releases Joint Release Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation Office of the Comptroller of the Currency For Immediate Release July 6, 2018 Agencies Issue Statement Regarding the Impact of the Economic Growth, Regulatory Relief, and Consumer Protection Act WASHINGTON—Federal banking agencies today issued a statement detailing rules and…
FRB issues statement describing how, consistent with recently enacted EGRRCPA…
July 9, 2018 / Source: FRB
Press Release July 06, 2018 Federal Reserve Board issues statement describing how, consistent with recently enacted EGRRCPA, the Board will no longer subject primarily smaller, less complex banking organizations to certain Board regulations For release at 1:30 p.m. EDT Consistent with the recently enacted Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCPA), the Federal…
OCC Issues Statement on Implementing S. 2155’s HMDA Reporting Exemptions
July 6, 2018 / Source: OCC
OCC BULLETIN 2018-19 Subject: Home Mortgage Disclosure Act Date: July 5, 2018 To: Chief Executive Officers and Compliance Officers of National Banks, Federal Savings Associations, and Federal Branches and Agencies; Department and Division Heads; All Examining Personnel; and Other Interested Parties Description: Statement on the Implementation of the Economic Growth, Regulatory Relief, and Consumer Protection Act…
FDIC Issues Statement on Implementing S. 2155’s HMDA Reporting Exemptions
July 6, 2018 / Source: FDIC
Financial Institution Letters FIL-36-2018 July 5, 2018 Home Mortgage Disclosure Act: Statement on the Implementation of the Economic Growth, Regulatory Relief, and Consumer Protection Act Amendments Printable Format: FIL-36-2018 – PDF (PDF Help) Summary: The FDIC is releasing a statement on implementation of the Economic Growth, Regulatory Relief, and Consumer Protection Act (the Act) amendments to the…
CFPB Issues Statement on the Implementation of S.2155 Amendments to the Home Mortgage Disclosure Act
July 6, 2018 / Source: CFPB
Bureau of Consumer Financial Protection Issues Statement on the Implementation of the Economic Growth, Regulatory Relief, and Consumer Protection Act Amendments to the Home Mortgage Disclosure Act JUL 05, 2018 WASHINGTON, D.C. — Today the Bureau of Consumer Financial Protection (Bureau) issued the following statement: On May 24, 2018, the President signed the Economic Growth, Regulatory…
OCC Releases CRA Evaluations for 20 National Banks and Federal Savings Associations
July 5, 2018 / Source: OCC
NR 2018-68 FOR IMMEDIATE RELEASE July 3, 2018 Contact: (202) 649-6870 OCC Releases CRA Evaluations for 20 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 June 1, 2018…