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OCC Invites Comment on Proposed Rule to Change Applicability Thresholds for Regulatory Capital and Liquidity Requirements
October 31, 2018 / Source: OCC
NR 2018-115 FOR IMMEDIATE RELEASE October 31, 2018 Contact: Bryan Hubbard (202) 649-6870 OCC Invites Comment on Proposed Rule to Change Applicability Thresholds for Regulatory Capital and Liquidity Requirements WASHINGTON — The Office of the Comptroller of the Currency (OCC) today announced it is inviting comment on a proposed rule that would establish four categories…
Federal Reserve Board invites public comment on framework that would more closely match regulations for large banking organizations with their risk profiles
October 31, 2018 / Source: FRB
Press Release October 31, 2018 Federal Reserve Board invites public comment on framework that would more closely match regulations for large banking organizations with their risk profiles For immediate release The Federal Reserve Board on Wednesday invited public comment on a framework that would more closely match the regulations for large banking organizations with their…
Agencies propose rule to update calculation of derivative contract exposure amounts under regulatory capital rules
October 31, 2018 / Source: FRB
Joint Press Release October 30, 2018 Agencies propose rule to update calculation of derivative contract exposure amounts under regulatory capital rules Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation Office of the Comptroller of the Currency For release at 4:00 p.m. EDT Three federal banking agencies on Tuesday invited public comment…
Proposed Removal of the FDIC’s Part 350 Annual Disclosure Statement Requirement
October 30, 2018 / Source: FDIC
Financial Institution Letters FIL-66-2018 October 30, 2018 Proposed Removal of the FDIC's Part 350 Annual Disclosure Statement Requirement Printable Format: FIL-66-2018 – PDF (PDF Help) Summary: On October 25, 2018, the FDIC published the attached notice of proposed rulemaking to rescind and remove Part 350 of its regulations, which is entitled Disclosure of Financial and Other Information…
FHFA Issues Proposed Rule on Federal Home Loan Bank Housing Goals
October 30, 2018 / Source: FHFA
News Release FHFA Issues Proposed Rule on Federal Home Loan Bank Housing Goals FOR IMMEDIATE RELEASE 10/29/2018 Washington, D.C. – The Federal Housing Finance Agency (FHFA) is seeking comments on proposed amendments to the existing regulation for the Federal Home Loan Bank (FHLBank) Housing Goals. The proposed rule would: Set a single prospective mortgage purchase housing…
Federal Reserve Board announces approval of application by Joint Stock Commercial Bank for Foreign Trade of Vietnam
October 29, 2018 / Source: FRB
Press Release October 29, 2018 Federal Reserve Board announces approval of application by Joint Stock Commercial Bank for Foreign Trade of Vietnam For release at 11:00 a.m. EDT The Federal Reserve Board on Monday announced its approval of the application by Joint Stock Commercial Bank for Foreign Trade of Vietnam, Hanoi, Vietnam, to establish a…
Fannie Mae Announces Scheduled Release of Third Quarter 2018 Financial Results
October 29, 2018 / Source: Fannie Mae
October 29, 2018 Fannie Mae Announces Scheduled Release of Third Quarter 2018 Financial Results Company to Host Media Conference Call Pete Bakel 202-752-2034 WASHINGTON, DC – Fannie Mae (FNMA/OTC) today announced plans to report its third quarter 2018 financial results on Friday morning, November 2, 2018, before the opening of U.S. financial markets. Fannie Mae…
Public Statement Regarding Payday Rule Reconsideration and Delay of Compliance Date
October 26, 2018 / Source: CFPB
Public Statement Regarding Payday Rule Reconsideration and Delay of Compliance Date OCT 26, 2018 The Bureau expects to issue proposed rules in January 2019 that will reconsider the Bureau's rule regarding Payday, Vehicle Title, and Certain High-Cost Installment Loans and address the rule's compliance date. The Bureau will make final decisions regarding the scope of the proposal closer…
Remittance rule assessment report
October 26, 2018 / Source: CFPB
To Congress Remittance rule assessment report OCT 26, 2018 The Dodd-Frank Wall Street Reform and Consumer Protection Act requires the Bureau of Consumer Financial Protection (Bureau) to review some of its rules within five years after they take effect. These formal reviews are called assessments. The Bureau’s Remittance Rule took effect on Oct. 28, 2013,…
FDIC Makes Public September 2018 Enforcement Actions
October 26, 2018 / Source: FDIC
Press Releases FDIC Makes Public September Enforcement Actions; No Administrative Hearings Scheduled for November 2018 FOR IMMEDIATE RELEASE October 26, 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 September. There are no administrative…
Consumer Complaints Webinar is Now Available!
October 26, 2018 / Source:
Consumer Complaints Webinar is now available! Find it by going to —> News & Events —> Past Events —> Past Webinars View Webinar Here
Federal Financial Institutions Regulatory Agencies Announce Availability of 2017 Small Business, Small Farm, and Community Development Lending Data
October 25, 2018 / Source: FFIEC
Press Release Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation Office of the Comptroller of the Currency For immediate release October 25, 2018 Federal Financial Institutions Regulatory Agencies Announce Availability of 2017 Small Business, Small Farm, and Community Development Lending Data The three federal banking agency members of the Federal Financial…
Federal Reserve Board announces annual indexing of reserve requirement exemption amount and of low reserve tranche for 2019
October 25, 2018 / Source: FRB
Press Release October 25, 2018 Federal Reserve Board announces annual indexing of reserve requirement exemption amount and of low reserve tranche for 2019 For release at 3:00 p.m. EDT The Federal Reserve Board on Thursday announced the annual indexing of two amounts used in determining reserve requirements of depository institutions. These amounts are the reserve…
Community Affairs Webinar: Expanding Access to Safe Transaction Accounts
October 24, 2018 / Source: FDIC
Financial Institution Letters FIL-64-2018 October 24, 2018 Community Affairs Webinar Expanding Access to Safe Transaction Accounts Printable Format: FIL-64-2018 – PDF (PDF Help) Summary: The FDIC will conduct a webinar on Wednesday, October 31, 2018, at 2 p.m. Eastern Time on expanding access to safe transaction accounts. Registration is required. Safe and affordable transaction and savings…
Federal Reserve Board issues enforcement action
October 24, 2018 / Source: FRB
Press Release October 23, 2018 Federal Reserve Board issues enforcement action with Joel Shumate For release at 11:00 a.m. EDT The Federal Reserve Board on Tuesday announced the execution of the enforcement action listed below: Consent prohibition of Joel Shumate, former Senior Vice President of First Iowa State Bank, Keosauqua, Iowa, for engaging in improper…
OCC Assesses $100 Million Civil Money Penalty Against Capital One
October 23, 2018 / Source: OCC
NR 2018-112 FOR IMMEDIATE RELEASE October 23, 2018 Contact: Bryan Hubbard (202) 649-6870 OCC Assesses $100 Million Civil Money Penalty Against Capital One WASHINGTON—The Office of the Comptroller of the Currency (OCC) recently assessed a $100 million civil money penalty against Capital One, N.A., and Capital One Bank (USA), N.A. for deficiencies in the bank’s…
Bureau releases Complaint snapshot: 50 state report
October 23, 2018 / Source: CFPB
Bureau releases Complaint snapshot: 50 state report By Chris Johnson – OCT 23, 2018 Every day, people across the country submit complaints to the Bureau of Consumer Financial Protection. The complaints are about a wide variety of consumer financial products and services, from checking accounts to auto loans. Like the states they call home, each person’s complaint is…
Share of U.S. Households without a Bank Account Continues to Drop
October 23, 2018 / Source: FDIC
Press Releases Share of U.S. Households without a Bank Account Continues to Drop Unbanked Rate Declines to 6.5 Percent in 2017 FOR IMMEDIATE RELEASE October 23, 2018 Media contact: Julianne Fisher Breitbeil (202) 898-6895 [email protected] For the third consecutive survey period, the number of U.S. households without a bank account fell, according to the results…
Treasury, IRS issue proposed regulations on new Opportunity Zone tax incentive
October 22, 2018 / Source: IRS
Treasury, IRS issue proposed regulations on new Opportunity Zone tax incentive IR-2018-206, October 19, 2018 WASHINGTON —The Treasury Department and the Internal Revenue Service today issued proposed regulations and other published guidance for the new Opportunity Zone tax incentive. Opportunity Zones, created by the 2017 Tax Cuts and Jobs Act, were designed to spur investment…
Northshore Contractor Pleads Guilty to Conspiracy to Defraud First NBC Bank
October 22, 2018 / Source: FDICIG
PRESS RELEASE FOR IMMEDIATE RELEASE Wednesday, October 17, 2018 Northshore Contractor Pleads Guilty to Conspiracy to Defraud First NBC Bank NEW ORLEANS – The U.S. Attorney’s Office, Eastern District of Louisiana announced that JEFFREY DUNLAP, age 44, a resident of Slidell, Louisiana and owner of Phoenix Civil Contractors (“Phoenix”) pleaded guilty today to one count of conspiracy to…
Cybersecurity Preparedness Resource
October 19, 2018 / Source: FDIC
Financial Institution Letters FIL-63-2018 October 19, 2018 Cybersecurity Preparedness Resource Printable Format: FIL-63-2018 – PDF (PDF Help) Summary: As part of the FDIC's Community Banking Initiative, the agency is adding to its cybersecurity awareness resources for financial institutions. This includes two new vignettes for the Cyber Challenge, which consists of exercises that are intended to encourage discussions…
OCC Enforcement Actions and Terminations for October 2018
October 19, 2018 / Source: OCC
NR 2018-111 FOR IMMEDIATE RELEASE October 19, 2018 Contact: (202) 649-6870 OCC Enforcement Actions and Terminations for October 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….
FFIEC Launches New BSA/AML InfoBase on its Website
October 18, 2018 / Source: FFIEC
FFIEC Launches New BSA/AML InfoBase on its Website October 18, 2018 The Federal Financial Institutions Examination Council (FFIEC) launched the redesigned Bank Secrecy Act/Anti-Money Laundering (BSA/AML) InfoBase website, which is aimed at sharing bank examination procedure information with examiners, financial institutions, the public, and other stakeholders. The FFIEC BSA/AML InfoBase was redesigned to improve the…
CFPB Fall 2018 rulemaking agenda
October 18, 2018 / Source: CFPB
Fall 2018 rulemaking agenda By Kelly Cochran – OCT 17, 2018 The Bureau’s general purpose, as specified in section 1021 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act), is to implement and enforce Federal consumer financial law consistently for the purpose of ensuring that all consumers have access to markets for consumer financial products…
Minutes of the Federal Open Market Committee, September 25-26, 2018
October 18, 2018 / Source: FRB
Press Release October 17, 2018 Minutes of the Federal Open Market Committee, September 25-26, 2018 For release at 2:00 p.m. EDT The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on September 25-26, 2018. A summary of economic projections made by Federal Reserve…