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FDIC Makes Public March Enforcement Actions
April 30, 2018 / Source: FDIC
Press Releases FDIC Makes Public March Enforcement Actions; No Administrative Hearings Scheduled for May 2018 FOR IMMEDIATE RELEASE April 27, 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 March. There are no administrative…
Federal Reserve Board issues enforcement action and announces termination of enforcement action
April 30, 2018 / Source: FRB
Press Release April 26, 2018 Federal Reserve Board issues enforcement action with Gayle Kendrick and announces termination of enforcement action with Rock Bancshares, Inc. and Heartland Bank For release at 11:00 a.m. EDT The Federal Reserve Board on Thursday announced the execution of the enforcement action listed below: Consent prohibition of Gayle Kendrick, former Branch…
Bureau Finalizes Amendment to “Know Before You Owe” Mortgage Disclosure Rule
April 27, 2018 / Source: CFPB
Bureau of Consumer Financial Protection Finalizes Amendment to “Know Before You Owe” Mortgage Disclosure Rule Update Will Provide More Clarity Regarding Closing Cost Increases APR 26, 2018 WASHINGTON, D.C. — Today the Bureau of Consumer Financial Protection (Bureau) finalized an amendment to its “Know Before You Owe” mortgage disclosure rule that addresses when mortgage lenders with…
Recovery Planning: New Comptroller’s Handbook Booklet
April 27, 2018 / Source: OCC
OCC BULLETIN 2018-9 Subject: Recovery Planning Date: April 26, 2018 To: Chief Executive Officers of All National Banks, Federal Savings Associations, and Federal Branches of Foreign Banks; Department and Division Heads; All Examining Personnel; and Other Interested Parties Description: New Comptroller's Handbook Booklet Summary The Office of the Comptroller of the Currency (OCC) issued today the…
Federal Reserve Board announces termination of enforcement action
April 26, 2018 / Source: FRB
Press Release April 24, 2018 Federal Reserve Board announces termination of enforcement action with Brickyard Bancorp, Inc. For release at 11:00 a.m. EDT The Federal Reserve Board on Tuesday announced the termination of the enforcement action listed below: Brickyard Bancorp, Inc., Lincolnwood, Illinois Written Agreement dated May 22, 2003 Terminated April 18, 2018 The enforcement…
FTC Seeks Comment on Proposed Amendment to Privacy Act Notices
April 26, 2018 / Source: FTC
FTC Seeks Comment on Proposed Amendment to Privacy Act Notices The Federal Trade Commission is seeking public comment on proposed modifications to its system of records notices under the Privacy Act to ensure the Commission can disclose records to another agency in the event of a data breach. The Privacy Act authorizes federal agencies to…
Counterfeit Cashier’s Checks of American Bank and Trust Company, NA, Davenport, Iowa
April 25, 2018 / Source: OCC
Alert 2018-4 Subject: Counterfeit Cashier’s Checks Date: April 24, 2018 Description: American Bank and Trust Company, NA Counterfeit Cashier’s Checks of American Bank and Trust Company, NA, Davenport, Iowa 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…
Advisory: FDIC Conducting Testing of Standardized Export of Imaged Loan Documents
April 25, 2018 / Source: FDIC
Financial Institution Letters FIL-22-2018 April 24, 2018 Advisory: FDIC Conducting Testing of Standardized Export of Imaged Loan Documents Printable Format: FIL-22-2018 – PDF (PDF Help) Summary: The Federal Deposit Insurance Corporation (FDIC) is developing and testing a standardized export of imaged loan documents in an effort to streamline examination processes. This initiative is anticipated to improve efficiencies…
FHFA House Price Index Up 0.6 Percent in February
April 24, 2018 / Source: FHFA
News Release FHFA House Price Index Up 0.6 Percent in February FOR IMMEDIATE RELEASE 4/24/2018 Washington, D.C. – U.S. house prices rose in February, up 0.6 percent from the previous month, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI). The previously reported 0.8 percent increase in January was revised upward to…
The FDIC’s Response, Reporting, and Interactions with Congress…
April 24, 2018 / Source: FDICIG
The FDIC’s Response, Reporting, and Interactions with Congress Concerning Information Security Incidents and Breaches On April 16, 2018, the Office of Inspector General (OIG) of the Federal Deposit Insurance Corporation (FDIC) issued a Special Inquiry report in response to a request from the former Chairman of the Senate Committee on Banking, Housing, and Urban Affairs. This…
Bureau of Consumer Financial Protection Announces Settlement With Wells Fargo
April 23, 2018 / Source: CFPB
Bureau of Consumer Financial Protection Announces Settlement With Wells Fargo For Auto-Loan Administration and Mortgage Practices APR 20, 2018 WASHINGTON, D.C. — Today the Bureau of Consumer Financial Protection (Bureau) announced a settlement with Wells Fargo Bank, N.A. in a coordinated action with the Office of the Comptroller of the Currency (OCC). As described in the…
Former Employee Of New Jersey Bank And Two Others Charged With Stealing Client Information And Funds
April 23, 2018 / Source: FDICIG
PRESS RELEASE Former Employee Of New Jersey Bank And Two Others Charged With Stealing Client Information And Funds FOR IMMEDIATE RELEASE Thursday, April 12, 2018 Antoinette Mitchell-Brown, Seconey Brown, and Anthony Atkinson Attempted to Steal More than $700,000 from Bank’s Clients Geoffrey S. Berman, the United States Attorney for the Southern District of New York,…
CRA Webinar is Now Available!
April 20, 2018 / Source:
CRA Webinar is now available! It can be found under “News & Events” “Past Events” “Past Webinars.” View Webinar Here
April Compliance Huddle is Now Available
April 20, 2018 / Source:
April 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. April Compliance Huddle 2018
OCC Assesses $500 Million Penalty Against Wells Fargo
April 20, 2018 / Source: OCC
NR 2018-41 FOR IMMEDIATE RELEASE April 20, 2018 Contact: Bryan Hubbard (202) 649-6870 OCC Assesses $500 Million Penalty Against Wells Fargo, Orders Restitution for Unsafe or Unsound Practices WASHINGTON—The Office of the Comptroller of the Currency (OCC) today assessed a $500 million civil money penalty against Wells Fargo Bank, N.A., and ordered the bank to…
FSB publishes toolkit to mitigate misconduct risk
April 20, 2018 / Source: FSB
FSB publishes toolkit to mitigate misconduct risk 20 April 2018 Press enquiries: +41 61 280 8138 [email protected] Ref no: 11/2018 The Financial Stability Board (FSB) today published Strengthening Governance Frameworks to Mitigate Misconduct Risk, which provides a toolkit that firms and supervisors can use to tackle the causes and consequences of misconduct. The toolkit completes an…
Federal Reserve Board issues enforcement action
April 20, 2018 / Source: FRB
Press Release April 19, 2018 Federal Reserve Board issues enforcement action with Hua Nan Commercial Bank Limited and Hua Nan Commercial Bank Limited New York Agency For release at 5:30 p.m. EDT The Federal Reserve Board on Thursday announced the execution of the enforcement action listed below: Hua Nan Commercial Bank Limited, Taipei City, Taiwan…
OCC Enforcement Actions and Terminations for April 2018
April 19, 2018 / Source: OCC
NR 2018-40 FOR IMMEDIATE RELEASE April 19, 2018 Contact: (202) 649-6870 OCC Enforcement Actions and Terminations for April 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….
SEC Proposes to Enhance Protections and Preserve Choice for Retail Investors in Their Relationships
April 19, 2018 / Source: SEC
Press Release SEC Proposes to Enhance Protections and Preserve Choice for Retail Investors in Their Relationships With Investment Professionals FOR IMMEDIATE RELEASE 2018-68 Washington D.C., April 18, 2018 —The Securities and Exchange Commission today voted to propose a package of rulemakings and interpretations designed to enhance the quality and transparency of investors’ relationships with investment…
Agencies propose transition of new Current Expected Credit Losses (CECL) accounting standard
April 18, 2018 / Source: FRB
Joint Press Release April 17, 2018 Agencies propose transition of new Current Expected Credit Losses (CECL) accounting standard into regulatory capital framework Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation Office of the Comptroller of the Currency For release at 11:00 a.m. EDT The federal banking agencies today proposed a revision…
Electronic Fingerprinting for Background Checks Related to Applications
April 18, 2018 / Source: FDIC
Financial Institution Letters FIL-21-2018 April 17, 2018 Electronic Fingerprinting for Background Checks Related to Applications Printable Format: FIL-21-2018 – PDF (PDF Help) Summary: The FDIC is moving to electronic fingerprinting to facilitate background checks performed in connection with applications and notices submitted to the FDIC, including: applications for federal deposit insurance, notices of acquisition of control, requests…
Federal Reserve Board accepting applications for its Community Advisory Council
April 17, 2018 / Source: FRB
Press Release April 16, 2018 Federal Reserve Board accepting applications for its Community Advisory Council For release at 10:00 a.m. EDT The Federal Reserve Board announced on Monday that it is accepting applications from individuals who wish to be considered for membership on the Community Advisory Council (CAC). The CAC was formed in 2015. It…
Regulatory Relief: Guidance to Help Financial Institutions and Facilitate Recovery in Are…
April 17, 2018 / Source: FDIC
Financial Institution Letters FIL-19-2018 April 16, 2018 Regulatory Relief Guidance to Help Financial Institutions and Facilitate Recovery in Areas of American Samoa Affected by Tropical Storm Gita Printable Format: FIL-19-2018 – 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…
FRB approves proposal to revise regulatory capital rules…
April 16, 2018 / Source: FRB
Press Release April 13, 2018 Federal Reserve Board approves proposal to revise regulatory capital rules to address and provide an option to phase in the effects of the new accounting standard for credit losses For release at 3:00 p.m. EDT The Federal Reserve Board on Friday announced it had approved a proposal to revise its…
OCC Hosts Risk Governance and Compliance Risk Workshops in Omaha
April 16, 2018 / Source: OCC
NR 2018-38 FOR IMMEDIATE RELEASE April 13, 2018 Contact: Stephanie Collins (202) 649-6870 OCC Hosts Risk Governance and Compliance Risk Workshops in Omaha WASHINGTON — The Office of the Comptroller of the Currency (OCC) will host two workshops in Omaha, Neb., at the Hilton Omaha, May 22 and 23, for directors of national community banks…