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Federal Reserve Board and Federal Open Market Committee release economic projections from the June 18-19 FOMC meeting
June 19, 2019 / Source: FRB
Press Release June 19, 2019 Federal Reserve Board and Federal Open Market Committee release economic projections from the June 18-19 FOMC meeting For release at 2:00 p.m. EDT Share 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…
Federal Reserve issues FOMC statement June 19, 2019
June 19, 2019 / Source: FRB
Press Release PDF June 19, 2019 Federal Reserve issues FOMC statement For release at 2:00 p.m. EDT Share Information received since the Federal Open Market Committee met in May indicates that the labor market remains strong and that economic activity is rising at a moderate rate. Job gains have been solid, on average, in…
OCC Reports First Quarter 2019 Bank Trading Revenue
June 18, 2019 / Source: OCC
NR 2019-67 FOR IMMEDIATE RELEASE June 18, 2019 Contact: Paul Ross (202) 649-6870 OCC Reports First Quarter 2019 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 $10 billion in the first quarter 2019, which was $5.9 billion,…
Guidance to Help Financial Institutions and Facilitate Recovery in Areas of South Dakota Affected by Severe Winter Storm, Snowstorm, and Flooding
June 18, 2019 / Source: FDIC
Financial Institution Letters FIL-33-2019 June 17, 2019 Regulatory Relief Guidance to Help Financial Institutions and Facilitate Recovery in Areas of South Dakota Affected by Severe Winter Storm, Snowstorm, and Flooding Printable Format: FIL-33-2019 – PDF (PDF Help) Summary: The FDIC has announced a series of steps intended to provide regulatory relief to financial institutions and facilitate…
Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Arkansas Affected by Severe Storms and Flooding
June 18, 2019 / Source: FDIC
Financial Institution Letters FIL-32-2019 June 17, 2019 Regulatory Relief Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Arkansas Affected by Severe Storms and Flooding Printable Format: FIL-32-2019 – 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…
Agencies release list of distressed or underserved nonmetropolitan middle-income geographies
June 17, 2019 / Source: FRB
Joint Press Release June 17, 2019 Agencies release list of distressed or underserved nonmetropolitan middle-income geographies Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation Office of the Comptroller of the Currency For release at 12:00 p.m. EDT Share The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance…
Agencies issue final rule to streamline regulatory reporting requirements and commit to further review of reporting burdens for small institutions
June 17, 2019 / Source: FRB
Joint Press Release June 17, 2019 Agencies issue final rule to streamline regulatory reporting requirements and commit to further review of reporting burdens for small institutions 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 Share The three federal…
FDIC Cautions Customers That FDIConnect.com Is Not Affiliated With a Government Agency and Should Not Be Confused With FDICconnect.gov
June 14, 2019 / Source: FDIC
Press Releases FDIC Cautions Customers That FDIConnect.com Is Not Affiliated With a Government Agency and Should Not Be Confused With FDICconnect.gov FOR IMMEDIATE RELEASE June 13, 2019 Media contact: Julianne Fisher Breitbeil (202) 898-6895 jbreitbeil@fdic.gov The Federal Deposit Insurance Corporation (FDIC) advises bank customers on the potential for confusion between FDIConnect.com and the FDIC-run website,…
OCC Hosts Compliance and Operational Risk Workshops in Boston
June 14, 2019 / Source: OCC
NR 2019-64 FOR IMMEDIATE RELEASE June 13, 2019 Contact: Stephanie Collins (202) 649-6870 OCC Hosts Compliance and Operational Risk Workshops in Boston WASHINGTON — The Office of the Comptroller of the Currency (OCC) will host two workshops in Boston at the OCC Boston Field Office, July 30 and 31, for directors of national community banks…
Federal Reserve Board publishes summary of feedback from roundtable discussions on the current state of, and potential revisions to, the Community Reinvestment Act
June 13, 2019 / Source: FRB
Press Release June 13, 2019 Federal Reserve Board publishes summary of feedback from roundtable discussions on the current state of, and potential revisions to, the Community Reinvestment Act For release at 12:00 p.m. EDT Share The Federal Reserve Board on Thursday published, “Perspectives from Main Street: Stakeholder Feedback on Modernizing the Community Reinvestment Act,” a…
FDIC’s Consumer Compliance Supervisory Highlights
June 13, 2019 / Source: FDIC
Press Releases FDIC's Consumer Compliance Supervisory Highlights FOR IMMEDIATE RELEASE June 13, 2019 Media contact: Greg Hernandez (202) 898-6984 ghernandez@fdic.gov The Federal Deposit Insurance Corporation (FDIC) today issued the new Consumer Compliance Supervisory Highlights publication. The purpose of this publication is to enhance transparency regarding the FDIC's consumer compliance supervisory activities and includes a high-level overview of…
FHFA 2018 Report to Congress Includes Legislative Recommendations
June 12, 2019 / Source: FHFA
News Release FHFA 2018 Report to Congress Includes Legislative Recommendations FOR IMMEDIATE RELEASE 6/12/2019 Washington, D.C. — The Federal Housing Finance Agency (FHFA) today released its 2018 Report to Congress. The report meets the requirements of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992, as amended by the Housing and Economic Recovery Act of…
NACHA Government Relations Update – June 13, 2019
June 12, 2019 / Source: NACHA
NACHA Government Relations Update – June 13, 2019 POSTED ON June 12, 2019 Nacha Hosts Capitol Hill Day On June 6, 2019 Nacha hosted its annual Capitol Hill Day in Washington D.C., facilitating a day-long series of meetings between members of Nacha’s Government Relations Advisory Group (GRAG) and elected officials, congressional staff members…
Highlights of Director Kraninger’s First Six Months
June 11, 2019 / Source: CFPB
Highlights of Director Kraninger’s First Six Months JUN 11, 2019 WASHINGTON, D.C. – June 11th marks the first six months of Director Kathleen L. Kraninger leading the Consumer Financial Protection Bureau. “It is an honor and privilege to serve American consumers. As Director, my focus is to prevent harm to consumers by using all the tools…
CFPB To Hold First Symposium On June 25
June 11, 2019 / Source: CFPB
CFPB To Hold First Symposium On June 25 JUN 11, 2019 WASHINGTON, D.C. – The Consumer Financial Protection Bureau announced today that its first symposium will be held on June 25 at 9 a.m. The symposium, part of a series announced earlier this year, will focus on the Dodd-Frank Act’s prohibition on abusive acts or practices….
Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Oklahoma Affected by Severe Winter Storms, Straight-line winds, and Tornadoes
June 10, 2019 / Source: FDIC
Financial Institution Letters FIL-30-2019 June 10, 2019 Regulatory Relief Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Oklahoma Affected by Severe Winter Storms, Straight-line winds, and Tornadoes Printable Format: FIL-30-2019 – PDF (PDF Help) Summary: The FDIC has announced a series of steps intended to provide regulatory relief to financial institutions and facilitate…
U.S. consumer watchdog delays existing payday lending rule compliance
June 7, 2019 / Source: Reuters
U.S. consumer watchdog delays existing payday lending rule compliance Katanga Johnson WASHINGTON, June 7 (Reuters) – The U.S. Consumer Financial Protection Bureau on Friday said it is once again extending the compliance date for an ability-to-repay provision of a rule cracking down on payday lenders. Payday firms will now have until Nov. 19, 2020 to…
Federal Reserve Board announces termination of enforcement action against JPMorgan Chase & Co. from January 2013
June 7, 2019 / Source: FRB
Press Release June 06, 2019 Federal Reserve Board announces termination of enforcement action against JPMorgan Chase & Co. from January 2013 For release at 4:30 p.m. EDT The Federal Reserve Board on Thursday announced the termination of an enforcement action against JPMorgan Chase & Co. from January 2013. The enforcement action identified deficiencies in the…
Federal Reserve Board issues enforcement action with former employee of Goldman Sachs & Co.
June 6, 2019 / Source: FRB
Press Release June 06, 2019 Federal Reserve Board issues enforcement action with former employee of Goldman Sachs & Co. 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 cease and desist order against Youlei Tang, former employee of Goldman Sachs &…
Consumer Financial Protection Bureau Settles with Freedom Mortgage Corporation
June 6, 2019 / Source: CFPB
Consumer Financial Protection Bureau Settles with Freedom Mortgage Corporation JUN 05, 2019 WASHINGTON, D.C. – The Consumer Financial Protection Bureau (Bureau) today announced a settlement with Freedom Mortgage Corporation (Freedom), one of the ten largest Home Mortgage Disclosure Act (HMDA) reporters nationwide. Freedom is a mortgage lender with its principal place of business in Mount Laurel,…
OCC Releases CRA Evaluations for 33 National Banks and Federal Savings Associations
June 5, 2019 / Source: OCC
NR 2019-63 FOR IMMEDIATE RELEASE June 5, 2019 Contact: (202) 649-6870 OCC Releases CRA Evaluations for 33 National Banks and Federal Savings Associations 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 May 1, 2019…
Stop by and See Us at ABA Regulatory – Booth #419
June 5, 2019 / Source:
Stop by and See Us at Booth #419 That's right – Compliance Alliance will once again have a booth at the American Bankers Association's Regulatory Compliance Conference and we're inviting our members to stop by and say hello! C/A Members should stop by for a ribbon and their free gift! Help a friend and bring…
Liquidity Coverage Ratio Rule: Treatment of Certain Municipal Obligations as High-Quality Liquid Assets: Final Rule
June 5, 2019 / Source: OCC
OCC BULLETIN 2019-27 Subject: Liquidity Coverage Ratio Rule: Treatment of Certain Municipal Obligations as High-Quality Liquid Assets Date: June 5, 2019 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: Final Rule Summary The…
FDIC Issues June 2019 List of Banks Examined for CRA Compliance
June 5, 2019 / Source: FDIC
Press Releases FDIC Issues List of Banks Examined for CRA Compliance FOR IMMEDIATE RELEASE June 5, 2019 Media contact: Greg Hernandez (202) 898-6984 ghernandez@fdic.gov 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…
OCC Extends Dodd-Frank Act Stress Test Requirements Through November 25, 2019
June 4, 2019 / Source: OCC
NR 2019-62 FOR IMMEDIATE RELEASE June 4, 2019 Contact: Bryan Hubbard (202) 649-6870 OCC Extends Dodd-Frank Act Stress Test Requirements Through November 25, 2019 WASHINGTON — Because national banks and federal savings associations (FSAs) with consolidated assets between $100 billion and $250 billion will not be subject to the Dodd-Frank Act Stress Test (DFAST) requirements…