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FDIC Makes Public November 2018 Enforcement Actions
December 28, 2018 / Source: FDIC
Press Releases FDIC Makes Public November Enforcement Actions; No Administrative Hearings Scheduled for January 2019 FOR IMMEDIATE RELEASE December 28, 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 November. There are no administrative…
Comptroller’s Handbook: Updated Booklets and Rescissions December 28, 2018
December 28, 2018 / Source: OCC
OCC BULLETIN 2018-49 Subject: Comptroller’s Handbook Date: December 28, 2018 To: Chief Executive Officers of All National Banks, Federal Savings Associations, and Federal Branches and Agencies of Foreign Banking Organizations; Department and Division Heads; All Examining Personnel; and Other Interested Parties Description: Updated Booklets and Rescissions Summary The Office of the Comptroller of the Currency (OCC)…
Agencies Invite Comment on a Proposal to Exclude Community Banks from the Volcker Rule
December 27, 2018 / Source: OCC
Joint Release 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 NR 2018-144 FOR IMMEDIATE RELEASE December 21, 2018 Agencies Invite Comment on a Proposal to Exclude Community Banks from the Volcker Rule Five federal financial regulatory…
Consumer Financial Protection Bureau Announces Policy Guidance on Disclosure of Home Mortgage Data
December 27, 2018 / Source: CFPB
Consumer Financial Protection Bureau Announces Policy Guidance on Disclosure of Home Mortgage Data DEC 21, 2018 WASHINGTON, D.C. — The Consumer Financial Protection Bureau (Bureau) today announced final policy guidance describing the Home Mortgage Disclosure Act (HMDA) data the Bureau intends to make available to the public beginning in 2019, including modifications to protect consumers’ privacy….
Agencies Issue Final Rules Expanding Examination Cycles for Qualifying Small Banks and U.S. Branches and Agencies of Foreign Banks
December 21, 2018 / Source: OCC
Joint Release Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation Office of the Comptroller of the Currency NR 2018-143 FOR IMMEDIATE RELEASE December 21, 2018 Agencies Issue Final Rules Expanding Examination Cycles for Qualifying Small Banks and U.S. Branches and Agencies of Foreign Banks WASHINGTON— The Federal banking agencies today issued…
Agencies Allow Three-Year Regulatory Capital Phase In for New Current Expected Credit Losses (CECL) Accounting Standard
December 21, 2018 / Source: OCC
Joint Release Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation Office of the Comptroller of the Currency NR 2018-142 FOR IMMEDIATE RELEASE December 21, 2018 Agencies Allow Three-Year Regulatory Capital Phase In for New Current Expected Credit Losses (CECL) Accounting Standard The federal bank regulatory agencies approved a final rule modifying…
Federal Reserve Board will maintain current modeling framework for loan allowances in its supervisory stress test through 2021
December 21, 2018 / Source: FRB
Press Release December 21, 2018 Federal Reserve Board will maintain current modeling framework for loan allowances in its supervisory stress test through 2021 For release at 1:30 p.m. EST The Federal Reserve Board announced on Friday that it will maintain the current modeling framework for loan allowances in its supervisory stress test through 2021. In…
2018 Compliance Wrap-up Webinar is Now Available!
December 21, 2018 / Source:
2018 Compliance Wrap-up Webinar is now available! Find it by going to —> News & Events —> Past Events —> Past Webinars View Webinar Here
Agencies Release Annual CRA Asset-Size Threshold Adjustments for Small and Intermediate Small Institutions
December 20, 2018 / Source: FDIC
Press Releases Joint Release Federal Deposit Insurance Corporation Federal Reserve Board of Governors Office of the Comptroller of the Currency For Immediate Release December 20, 2018 Agencies Release Annual CRA Asset-Size Threshold Adjustments for Small and Intermediate Small Institutions WASHINGTON—The federal bank regulatory agencies today announced the annual adjustment to the asset-size thresholds used to…
Agencies Propose to Update Management Interlock Rules
December 20, 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 December 20, 2018 Agencies Propose to Update Management Interlock Rules The federal banking agencies on Thursday invited public comment on a proposal to update rules restricting the ability of…
FDIC Issues Final Rule on Reciprocal Deposits and Seeks Comments on Brokered Deposits and Interest Rate Restrictions
December 19, 2018 / Source: FDIC
Press Releases FDIC Issues Final Rule on Reciprocal Deposits and Seeks Comments on Brokered Deposits and Interest Rate Restrictions FOR IMMEDIATE RELEASE December 19, 2018 Media contact: David Barr (202) 898-6992 [email protected] The Federal Deposit Insurance Corporation (FDIC) took two actions related to brokered deposits. The FDIC adopted a final rule related to the treatment…
OCC Issues Notice of Proposed Rulemaking Amending Stress Testing Rules for National Banks and Federal Savings Associations
December 19, 2018 / Source: OCC
NR 2018-137 FOR IMMEDIATE RELEASE December 18, 2018 Contact: Bryan Hubbard (202) 649-6870 OCC Issues Notice of Proposed Rulemaking Amending Stress Testing Rules for National Banks and Federal Savings Associations WASHINGTON—The Office of the Comptroller of the Currency (OCC) today issued a notice of proposed rulemaking to amend the OCC’s stress testing rule at 12…
FDIC Issues Notice of Proposed Rulemaking: Company-Run Stress Testing Requirements for FDIC-supervised State Nonmember Banks and State Savings Associations
December 18, 2018 / Source: FDIC
Press Releases FDIC Issues Notice of Proposed Rulemaking: Company-Run Stress Testing Requirements for FDIC-supervised State Nonmember Banks and State Savings Associations FOR IMMEDIATE RELEASE December 18, 2018 Media contact: Julianne Fisher Breitbeil (202) 898-6895 [email protected] The Federal Deposit Insurance Corporation (FDIC) today issued a notice of proposed rulemaking that would revise the FDIC's requirements for…
Former Bank President Sentenced to Prison and Ordered to Pay $137 Million
December 18, 2018 / Source: FDICIG
PRESS RELEASE FOR IMMEDIATE RELEASE Monday, December 17, 2018 Former Bank President Sentenced to Prison and Ordered to Pay $137 Million OKLAHOMA CITY – JOHN ARNOLD SHELLEY, 68, of Oklahoma City, has been sentenced to four years in federal prison for making a false statement to the Federal Deposit Insurance Corporation, announced Robert J. Troester of the…
FDIC Board Approves 2019 Operating Budget
December 18, 2018 / Source: FDIC
Press Releases FDIC Board Approves 2019 Operating Budget FOR IMMEDIATE RELEASE December 18, 2018 Media contact: LaJuan Williams- Young (202) 898-3876 [email protected] The Board of Directors of the Federal Deposit Insurance Corporation (FDIC) today approved a $2.04 billion operating budget for 2019, down 2.3 percent from 2018 and 49 percent lower than its peak at…
Capital: Notice of Proposed Rulemaking
December 17, 2018 / Source: OCC
OCC BULLETIN 2018-45 Subject: Capital Date: December 17, 2018 To: Chief Executive Officers of All National Banks and Federal Savings Associations; Federal Branches and Agencies of Foreign Banks; Department and Division Heads; All Examining Personnel; and Other Interested Parties Description: Notice of Proposed Rulemaking Summary On December 17, 2018, the Office of the Comptroller of the Currency…
FFIEC HMDA Alert- HMDA Platform available for beta testing
December 17, 2018 / Source: FFIEC
FFIEC HMDA Alert- HMDA Platform available for beta testing The FFIEC is pleased to announce the beta launch of the HMDA Platform for data collected in 2018. The beta release provides financial institutions an opportunity to become familiar with the HMDA Platform and, in particular, determine whether their sample LAR data complies with the reporting…
Former Senior Employee at FDIC Convicted of Embezzling Confidential Documents
December 14, 2018 / Source: FDICIG
PRESS RELEASE FOR IMMEDIATE RELEASE Tuesday, December 11, 2018 Former Senior Employee at FDIC Convicted of Embezzling Confidential Documents Documents Contained Confidential Information of World’s Largest Banks Following six days of trial, a federal jury in Brooklyn returned a guilty verdict today against Allison Aytes on both counts of an indictment charging her with theft…
Financial Well-being of Older Americans Report
December 14, 2018 / Source: CFPB
Consumer education and empowerment Financial Well-being of Older Americans DEC 13, 2018 The report describes the distribution of financial well-being scores for adults ages 62 and older in the United States, and the relationship between financial well-being and age. The report shows that financial well-being generally increases with age, but declines again at later ages….
Federal Reserve Board prohibits former president and CEO and executive vice president of Farmers State Bank from participating in the banking industry
December 13, 2018 / Source: FRB
Press Release December 13, 2018 Federal Reserve Board approves the initiation of an action to prohibit president and CEO and executive vice president of Farmers State Bank from participating in the banking industry For release at 11:00 a.m. EST Share The Federal Reserve Board on Thursday announced the action listed below: Frank Smith, President and…
FILs Banker Teleconference: Regulatory Capital Rule: Capital Simplification for Qualifying Comm…
December 13, 2018 / Source: FDIC
Financial Institution Letters FIL-85-2018 December 12, 2018 Banker Teleconference: Regulatory Capital Rule: Capital Simplification for Qualifying Community Banking Organizations Printable Format: FIL-85-2018 – PDF (PDF Help) Summary: The Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the Currency, and the Board of Governors of the Federal Reserve System (the Agencies) will host an…
OCC Reports Third Quarter 2018 Bank Trading Revenue
December 12, 2018 / Source: OCC
NR 2018-136 FOR IMMEDIATE RELEASE December 12, 2018 Contact: William Grassano (202) 649-6870 OCC Reports Third 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 $7.1 billion in the third quarter 2018, which was $0.2 billion,…
OCC Reports Slight Improvement in Mortgage Performance
December 12, 2018 / Source: OCC
NR 2018-135 FOR IMMEDIATE RELEASE December 11, 2018 Contact: Stephanie Collins (202) 649-6870 OCC Reports Slight Improvement in Mortgage Performance WASHINGTON—The Office of the Comptroller of the Currency (OCC) reported a slight improvement in the performance of first-lien mortgages in the federal banking system during the third quarter of 2018. The OCC Mortgage Metrics Report, Third…
CFPB Releases Beta Version of 2018 HMDA Data Platform
December 11, 2018 / Source: JDSUPRA
CFPB Releases Beta Version of 2018 HMDA Data Platform WRITTEN BY: Ballard Spahr LLP The CFPB has made available a beta version of its 2018 HMDA data platform. The platform is for the reporting of data collected in 2018 that must be reported in 2019. During the beta period, reporting institutions can test and retest 2018…
BCFP proposes revision to no-action letter policy and creation of new product sandbox
December 11, 2018 / Source: CFPB MONITOR
BCFP proposes revision to no-action letter policy and creation of new product sandbox By Alan S. Kaplinsky & James Kim on December 11, 2018 POSTED IN CFPB GENERAL, CFPB MONITOR The BCFP has issued proposed revisions to its 2016 final policy on issuing “no-action” letters (NAL), together with a proposal to create a new “BCFP Product Sandbox.” Comments will be due no later…