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After SCOTUS Doesn’t Take Domino’s Website Accessibility Case, More ADA Suits Could Be Coming
October 8, 2019 / Source: LAW.COM
After SCOTUS Doesn't Take Domino's Website Accessibility Case, More ADA Suits Could Be Coming Some lawyers say the high court’s silence is a loud proclamation that inaccessible websites violate the ADA, while others say it echoes a void of guidance on the issue. By Alaina Lancaster | October 08, 2019 at 01:00 AM Presently, U.S. consumers can order…
OCC to Host Innovation Office Hours in Las Vegas
October 8, 2019 / Source: OCC
News Release 2019-116 | October 7, 2019 OCC to Host Innovation Office Hours in Las Vegas SHARE THIS PAGE: · WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced it will hold Innovation Office Hours on October 28 in Las Vegas to promote responsible innovation in the federal banking system. Office Hours are one-on-one meetings…
Man Pleads Guilty to Embezzling Over $3 Million From Employer
October 7, 2019 / Source: FDICOIG
FOR IMMEDIATE RELEASE Friday, October 4, 2019 Man Pleads Guilty to Embezzling Over $3 Million From Employer ALEXANDRIA, Va. – A Maryland man pleaded guilty today to embezzling money from his employer, a Virginia business. According to court documents, Reginald Zayas, 48, of Upper Marlboro, was the Controller at a Virginia-based company. Over the course…
Comptroller of the Currency Discusses Community Reinvestment, Honored for his Community Service
October 7, 2019 / Source: OCC
News Release 2019-115 | October 4, 2019 Comptroller of the Currency Discusses Community Reinvestment, Honored for his Community Service SHARE THIS PAGE: · LOS ANGELES—Comptroller of the Currency Joseph Otting today discussed community reinvestment and service during remarks at National Asian American Coalition’s (NAAC) 16th Annual Economic Development Conference. During his comments, Comptroller Otting highlighted the importance of modernizing…
October 4, 2019: FDIC Issues List of Banks Examined for CRA Compliance
October 4, 2019 / Source: FDIC
Press Releases FDIC Issues List of Banks Examined for CRA Compliance FOR IMMEDIATE RELEASE October 4, 2019 Media contact: LaJuan Williams-Young (202) 898-3876 [email protected] The Federal Deposit Insurance Corporation (FDIC) today issued its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act (CRA). The list covers evaluation ratings that the…
Federal Reserve Board issues enforcement action with former employee of Columbus Bank & Trust
October 4, 2019 / Source: FRB
Press Release October 03, 2019 Federal Reserve Board issues enforcement action with former employee of Columbus Bank & Trust For release at 11:00 a.m. EDT Share The Federal Reserve Board on Thursday announced the execution of the enforcement action listed below: Consent prohibition against John D. Evans, former employee of Columbus Bank & Trust, Columbus,…
OCC Issues Final Rule Amending Stress Testing Rule for National Banks and Federal Savings Associations
October 3, 2019 / Source: OCC
News Release 2019-114 | October 2, 2019 OCC Issues Final Rule Amending Stress Testing Rule for National Banks and Federal Savings Associations SHARE THIS PAGE: · WASHINGTON—The Office of the Comptroller of the Currency (OCC) issued a final rule amending the OCC’s stress testing rule at 12 CFR 46 (which implements the stress testing requirements of section…
OCC Releases CRA Evaluations for 35 National Banks and Federal Savings Associations
October 3, 2019 / Source: OCC
News Release 2019-113 | October 2, 2019 OCC Releases CRA Evaluations for 35 National Banks and Federal Savings Associations SHARE THIS PAGE: · 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 September 1, 2019 through September…
Agencies Issue Final Rule to Update Management Interlock Rules
October 2, 2019 / Source: OCC
News Release 2019-112 | October 2, 2019 Agencies Issue Final Rule to Update Management Interlock Rules SHARE THIS PAGE: · Joint Release Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency The federal bank regulatory agencies today finalized updates to rules restricting the ability of a director…
OCC Releases Bank Supervision Operating Plan for Fiscal Year 2020
October 2, 2019 / Source: OCC
News Release 2019-111 | October 1, 2019 OCC Releases Bank Supervision Operating Plan for Fiscal Year 2020 SHARE THIS PAGE: · WASHINGTON — The Office of the Comptroller of the Currency (OCC) today released its bank supervision operating plan for fiscal year (FY) 2020. The plan provides the foundation for policy initiatives and for supervisory strategies as…
Federal Reserve Board issues enforcement action with former employee of Regions Bank.
October 1, 2019 / Source: FRB
Press Release October 01, 2019 Federal Reserve Board issues enforcement action with former employee of Regions Bank For release at 11:00 a.m. EDT Share The Federal Reserve Board on Tuesday announced the execution of the enforcement action listed below: Consent prohibition against Timothy McMillian, former employee of Regions Bank, Birmingham, Alabama, for using confidential customer…
Consumer Financial Protection Bureau and South Carolina File Suit against brokers of High-Interest Credit Offers
October 1, 2019 / Source: CFPB
Consumer Financial Protection Bureau and South Carolina File Suit against brokers of High-Interest Credit Offers OCT 01, 2019 WASHINGTON, D.C. – The Consumer Financial Protection Bureau (Bureau) and the South Carolina Department of Consumer Affairs (South Carolina) today filed a lawsuit in federal district court in the District of South Carolina against Katharine Snyder, Performance Arbitrage…
Comptroller’s Handbook Examination Process Series: Updated Booklets and Rescissions
September 30, 2019 / Source: OCC
OCC Bulletin 2019-44| September 30, 2019 Comptroller’s Handbook Examination Process Series: Updated Booklets and Rescissions SHARE THIS PAGE: · 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 Summary The Office of the Comptroller of the Currency (OCC) today…
News Release 2019-110 : OCC Reports Slight Improvement in Mortgage Performance
September 30, 2019 / Source: OCC
News Release 2019-110 | September 30, 2019 OCC Reports Slight Improvement in Mortgage Performance SHARE THIS PAGE: · 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 second quarter of 2019. The OCC Mortgage Metrics Report, Second Quarter 2019 showed 96.1 percent…
Federal Banking Agencies Issue Final Rule to Exempt Residential Real Estate Transactions of $400,000 or Less from Appraisal Requirements
September 27, 2019 / 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 September 27, 2019 Federal Banking Agencies Issue Final Rule to Exempt Residential Real Estate Transactions of $400,000 or Less from Appraisal Requirements WASHINGTON— The Federal Reserve, the Federal Deposit…
FDIC Makes Public August 2019 Enforcement Actions
September 27, 2019 / Source: FDIC
Press Releases FDIC Makes Public August Enforcement Actions; One Administrative Hearing Scheduled for October 2019 FOR IMMEDIATE RELEASE September 27, 2019 Media contact: LaJuan Williams-Young (202) 898-6876 [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 is one administrative…
Clarification regarding Austin Bank
September 26, 2019
Clarification regarding Austin Bank 9/26/2019 Yesterday we posted an article from the FDIC OIG, that was titled “Former Austin Bank Employee Sentenced to Federal Prison for Stealing over One Million Dollars from Customer.” We want to clarify that Austin Bank did not have an employee that was involved in this crime and that it was a…
Consumer Financial Protection Bureau Files Suit Against Fair Collections & Outsourcing and Michael E. Sobota
September 26, 2019 / Source: CFPB
Consumer Financial Protection Bureau Files Suit Against Fair Collections & Outsourcing and Michael E. Sobota SEP 25, 2019 WASHINGTON, D.C. – The Consumer Financial Protection Bureau (Bureau) today filed a lawsuit in the federal district court in the District of Maryland against FCO Holding, Inc. and its subsidiaries, Fair Collections & Outsourcing, Inc., Fair Collections &…
9/25/2019: More Than 4.3 Million Homeowners Helped Since Conservatorships
September 25, 2019 / Source: FHFA
News Release More Than 4.3 Million Homeowners Helped Since Conservatorships FOR IMMEDIATE RELEASE 9/25/2019 Washington, D.C. – The Federal Housing Finance Agency (FHFA) today released its second quarter 2019 Foreclosure Prevention Report, which shows that Fannie Mae and Freddie Mac (the Enterprises) completed 31,757 foreclosure prevention actions in the second quarter of 2019, bringing the total number of…
Former Austin Capital One Bank Employee Sentenced to Federal Prison for Stealing over One Million Dollars from Customer
September 25, 2019 / Source: FDICOIG
FOR IMMEDIATE RELEASE Thursday, September 19, 2019 Former Austin Bank Employee Sentenced to Federal Prison for Stealing over One Million Dollars from Customer In Austin today, a federal judge sentenced 40–year-old former Austin Capital One bank employee Paola Gallego of Round Rock, TX, to five years in federal prison for stealing over $1 million from…
OCC Reports Second Quarter 2019 Bank Trading Revenue
September 24, 2019 / Source: OCC
News Release 2019-107 | September 24, 2019 OCC Reports Second Quarter 2019 Bank Trading Revenue SHARE THIS PAGE: · WASHINGTON — The Office of the Comptroller of the Currency (OCC) reported trading revenue of U.S. commercial banks and federal savings associations of $8.0 billion in the second quarter 2019, which was $2.0 billion, or 19.8 percent, less…
FIL: Listening Sessions on Supervisory Appeals and Dispute Resolution Processes
September 24, 2019 / Source: FDIC
Financial Institution Letters FIL-52-2019 September 24, 2019 Listening Sessions on Supervisory Appeals and Dispute Resolution Processes Printable Format: FIL-52-2019 – PDF (PDF Help) Summary: As part of the FDIC's “Trust through Transparency” initiative, the agency will host a series of listening sessions regarding its supervisory appeals and dispute resolution processes for FDIC-supervised financial institutions. The sessions…
FDIC’s Office of the Ombudsman Publishes Its 2018 Annual Report
September 23, 2019 / Source: FDIC
Press Releases FDIC's Office of the Ombudsman Publishes Its 2018 Annual Report FOR IMMEDIATE RELEASE September 23, 2019 Media Contact: David Barr (202) 898-6992 [email protected] The Federal Deposit Insurance Corporation's (FDIC) Office of the Ombudsman, an independent, neutral and confidential liaison between the agency and its stakeholders, published its 2018 Annual Report outlining the office's…
Counterfeit Cashier’s Checks: Counterfeit Cashier’s Checks of Consumers National Bank, Minerva, Ohio
September 23, 2019 / Source: OCC
Alert 2019-8| September 20, 2019 Counterfeit Cashier’s Checks: Counterfeit Cashier’s Checks of Consumers National Bank, Minerva, Ohio SHARE THIS PAGE: · 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; Chair, Federal Deposit Insurance Corporation; Conference of State Bank Supervisors; Deputy…
Tupelo Loan Officer Sentenced for Bank Fraud
September 20, 2019 / Source: FDICOIG
FOR IMMEDIATE RELEASE Friday, September 13, 2019 Tupelo Loan Officer Sentenced for Bank Fraud OXFORD, Miss. – A Tupelo bank officer and his co-defendant were sentenced today by U.S. District Judge Debra M. Brown in federal court in Greenville, Mississippi for bank fraud. Both had previously pled guilty before Judge Brown to one count of…