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FDIC Makes Public August Enforcement Actions
September 28, 2018 / Source: FDIC
Press Releases FDIC Makes Public August Enforcement Actions; No Administrative Hearings Scheduled for October 2018 FOR IMMEDIATE RELEASE September 28, 2018 Media contact: Greg Hernandez (202) 898-6984 [email protected] The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in August. There are no administrative…
Federal Reserve Board announces termination of enforcement action
September 28, 2018 / Source: FRB
Press Release September 27, 2018 Federal Reserve Board announces termination of enforcement action with Presidential Holdings, Inc. For release at 11:00 a.m. EDT The Federal Reserve Board on Thursday announced the termination of the enforcement action listed below: Presidential Holdings, Inc., Bethesda, Maryland Supervisory Agreement, issued by the Office of Thrift Supervision, dated May 3,…
Truth in Lending Act: Revised Comptroller’s Handbook Booklet and Rescissions
September 26, 2018 / Source: OCC
OCC BULLETIN 2018-31 Subject: Truth in Lending Act Date: September 26, 2018 To: Chief Executive Officers and Compliance Officers of National Banks, Federal Savings Associations, Federal Branches and Agencies, Department and Division Heads, All Examining Personnel, and Other Interested Parties Description: Revised Comptroller's Handbook Booklet and Rescissions Summary The Office of the Comptroller of the Currency…
Liquidity Coverage Ratio Rule: Interim Final Rule
September 26, 2018 / Source: OCC
OCC BULLETIN 2018-32 Subject: Liquidity Coverage Ratio Rule: Treatment of Certain Municipal Obligations as High-Quality Liquid Assets Date: September 26, 2018 To: Chief Executive Officers of All National Banks, Federal Savings Associations, and Federal Branches and Agencies of Foreign Banks; Department and Division Heads; All Examining Personnel; and Other Interested Parties Description: Interim Final Rule Summary…
Federal Open Market Committee release economic projections from the September 25-26 FOMC meeting
September 26, 2018 / Source: FRB
Press Release September 26, 2018 Federal Reserve Board and Federal Open Market Committee release economic projections from the September 25-26 FOMC meeting For release at 2:00 p.m. EDT The attached table and charts released on Wednesday summarize the economic projections and the target federal funds rate projections made by Federal Open Market Committee participants for…
Bureau of Consumer Financial Protection Issues Report and RFI on the Bureau’s Sources and Uses of Da
September 26, 2018 / Source: CFPB
Bureau of Consumer Financial Protection Issues Report and RFI on the Bureau’s Sources and Uses of Data SEP 25, 2018 WASHINGTON, D.C. — The Bureau of Consumer Financial Protection (Bureau) today issued a report and Request for Information (RFI) regarding the Bureau’s sources of data and how data is used. The report provides transparency into how…
OCC Releases Bank Supervision Operating Plan for Fiscal Year 2019
September 25, 2018 / Source: OCC
NR 2018-104 FOR IMMEDIATE RELEASE September 25, 2018 Contact: William Grassano (202) 649-6870 OCC Releases Bank Supervision Operating Plan for Fiscal Year 2019 WASHINGTON — The Office of the Comptroller of the Currency (OCC) today released its bank supervision operating plan for fiscal year (FY) 2019. The plan provides the foundation for policy initiatives and…
Federal Reserve Board announces approval of application by Compass Bank
September 25, 2018 / Source: FRB
Press Release September 25, 2018 Federal Reserve Board announces approval of application by Compass Bank For release at 5:00 p.m. EDT The Federal Reserve Board on Tuesday announced its approval of the application under section 9 of the Federal Reserve Act by Compass Bank, Birmingham, Alabama, to establish a branch in Houston, Texas. Attached is…
Advisory on the FATF-Identified Jurisdictions with AML/CFT Deficiencies
September 24, 2018 / Source: FinCEN
FIN-2018-A004 September 21, 2018 Advisory on the FATF-Identified Jurisdictions with AML/CFT Deficiencies On June 29, 2018, the Financial Action Task Force (FATF) updated its list of jurisdictions with strategic anti-money laundering and combatting the financing of terrorism (AML/ CFT) deficiencies. The changes may affect U.S. financial institutions’ obligations and risk-based approaches with respect to relevant…
Bureau Of Consumer Financial Protection To Open Southeast Regional Office In Atlanta
September 24, 2018 / Source: CFPB
Bureau Of Consumer Financial Protection To Open Southeast Regional Office In Atlanta SEP 21, 2018 WASHINGTON, D.C. — The Bureau of Consumer Financial Protection (Bureau) today announced it will be relocating its southeast regional office from Washington, D.C. to Atlanta, Georgia. The Bureau already has regional offices in New York, Chicago, and San Francisco that…
Federal Reserve Board seeks public comment on proposal to amend Regulation H and Regulation K
September 21, 2018 / Source: FRB
Press Release September 21, 2018 Federal Reserve Board seeks public comment on proposal to amend Regulation H and Regulation K For release at 12:00 p.m. EDT The Federal Reserve Board on Friday requested public comment on a proposal to amend Regulation H (Membership of State Banking Institutions in the Federal Reserve System) and Regulation K…
OCC Reports Mortgage Performance Unchanged
September 21, 2018 / Source: OCC
NR 2018-103 FOR IMMEDIATE RELEASE September 21, 2018 Contact: Stephanie Collins (202) 649-6870 OCC Reports Mortgage Performance Unchanged WASHINGTON—Performance of first-lien mortgages remained largely unchanged during the second quarter of 2018 compared with a year earlier, according to the Office of the Comptroller of the Currency’s (OCC) quarterly report on mortgages. The OCC Mortgage Metrics Report,…
Agencies Approve Amendments to Swap Margin Rule
September 21, 2018 / Source: FDIC
Press Releases Joint Release Board of Governors of the Federal Reserve System Farm Credit Administration Federal Deposit Insurance Corporation Federal Housing Finance Agency Office of the Comptroller of the Currency For Immediate Release September 21, 2018 Agencies Approve Amendments to Swap Margin Rule WASHINGTON—Five federal agencies approved final amendments to swap margin requirements to conform…
OCC Enforcement Actions and Terminations for September 2018
September 20, 2018 / Source: OCC
NR 2018-101 FOR IMMEDIATE RELEASE September 20, 2018 Contact: (202) 649-6870 OCC Enforcement Actions and Terminations for September 2018 WASHINGTON — The Office of the Comptroller of the Currency (OCC) today released new enforcement actions taken against national banks, federal savings associations, and individuals currently and formerly affiliated with national banks and federal savings associations….
Same Day ACH Will Be Enhanced to Meet ACH End-User Needs
September 20, 2018 / Source: NACHA
Same Day ACH Will Be Enhanced to Meet ACH End-User Needs POSTED SEPTEMBER, 14 2018 NEW NACHA RULES WILL EXPAND ACCESS TO SAME DAY ACH, INCREASE THE PER-TRANSACTION DOLLAR LIMIT, AND SPEED FUNDS AVAILABILITY FOR SAME DAY AND NEXT-DAY ACH HERNDON, Va., Sept. 17, 2018 – NACHA’s voting membership has approved three new rules to expand the…
Opportunity for organizations that serve economically vulnerable populations to receive support
September 19, 2018 / Source: CFPB
Opportunity for organizations that serve economically vulnerable populations to receive support By Patty Avery and Daniel Dodd-Ramirez – SEP 19, 2018 For the past four years, the Bureau’s Office of Community Affairs (formerly the Office of Financial Empowerment) has supported organizations committed to helping people manage their money and work toward their goals using a suite of financial empowerment tools…
Recovery Planning Guidelines: Notice of Proposed Rulemaking; Revised Guidelines
September 19, 2018 / Source: OCC
OCC BULLETIN 2018-30 Subject: Recovery Planning Guidelines Date: September 19, 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: Notice of Proposed Rulemaking; Revised Guidelines Summary The Office of the Comptroller of the Currency (OCC) is…
Covered Savings Associations: Notice of Proposed Rulemaking
September 18, 2018 / Source: OCC
OCC BULLETIN 2018-29 Subject: Covered Savings Associations Date: September 18, 2018 To: Chief Executive Officers of All National Banks and Federal Savings Associations, Department and Division Heads, All Examining Personnel, and Other Interested Parties Description: Notice of Proposed Rulemaking Summary On September 18, 2018, the Office of the Comptroller of the Currency (OCC) issued a proposed…
Agencies propose rule regarding the treatment of high volatility commercial real estate
September 18, 2018 / Source: FRB
Joint Press Release September 18, 2018 Agencies propose rule regarding the treatment of high volatility commercial real estate Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation Office of the Comptroller of the Currency For release at 3:00 p.m. EDT Three federal banking agencies on Tuesday invited public comment on a proposal…
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…
Joint Release/Federal and State Financial Regulatory Agencies Issue Interagency Statement …
September 17, 2018 / Source: FDIC
Press Releases Joint Release Board of Governors of the Federal Reserve System Conference of State Bank Supervisors Federal Deposit Insurance Corporation National Credit Union Administration Office of the Comptroller of the Currency For Immediate Release September 14, 2018 Federal and State Financial Regulatory Agencies Issue Interagency Statement on Supervisory Practices Regarding Financial Institutions Affected by…
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!
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…
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…
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…