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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…
Federal Reserve Board announces termination of enforcement action
April 13, 2018 / Source: FRB
Press Release April 12, 2018 Federal Reserve Board announces termination of enforcement action with Porter Bancorp, Inc. For release at 11:00 a.m. EDT The Federal Reserve Board on Thursday announced the termination of the enforcement action listed below: Porter Bancorp, Inc., Louisville, Kentucky Written Agreement dated September 21, 2011 Terminated April 10, 2018 The enforcement…
Consolidated Reports of Condition and Income
April 13, 2018 / Source: FDIC
Financial Institution Letters FIL-18-2018 April 12, 2018 Consolidated Reports of Condition and Income Printable Format: FIL-18-2018 – PDF (PDF Help) Summary: In the Consolidated Reports of Condition and Income (Call Report) for the March 31, 2018, report date, revisions to several schedules are taking effect in response to changes in the accounting for equity securities and…
CFPB Issues Request for Information on Consumer Complaints and Inquiries
April 12, 2018 / Source: CFPB
CFPB Issues Request for Information on Consumer Complaints and Inquiries APR 11, 2018 WASHINGTON, D.C. — The Consumer Financial Protection Bureau (Bureau) today issued a Request for Information (RFI) on its handling of consumer complaints and inquiries. The Bureau is seeking comments and information from interested parties to assist the Bureau in assessing its handling of…
Rule proposed to tailor ‘enhanced supplementary leverage ratio’ requirements
April 12, 2018 / Source: FRB
Press Release April 11, 2018 Rule proposed to tailor 'enhanced supplementary leverage ratio' requirements For release at 4:30 p.m. EDT The Federal Reserve Board and the Office of the Comptroller of the Currency (OCC) on Wednesday proposed a rule that would further tailor leverage ratio requirements to the business activities and risk profiles of the…
Federal Reserve Board seeks comment on proposal to simplify its capital rules for large banks…
April 12, 2018 / Source: FRB
Press Release April 10, 2018 Federal Reserve Board seeks comment on proposal to simplify its capital rules for large banks while preserving strong capital levels that would maintain their ability to lend under stressful conditions For release at 3:00 p.m. EDT The Federal Reserve Board on Tuesday asked for comment on a proposal that would…
FFIEC Issues Joint Statement on Cyber Insurance and Its Potential Role in Risk Management Programs
April 12, 2018 / Source: FFIEC
Press Release For Immediate Release April 10, 2018 FFIEC Issues Joint Statement on Cyber Insurance and Its Potential Role in Risk Management Programs The Federal Financial Institutions Examination Council (FFIEC) members today issued a joint statement to describe matters that financial institutions should consider if they are determining whether to use cyber insurance as a…
How Real-Time Payments are Changing the Lending Game
April 10, 2018 / Source: Visa
How Real-Time Payments are Changing the Lending Game Faster payments have penetrated a handful of market segments, particularly peer-to-peer (P2P) payments and the gig economy, but a lot of work still needs to be done in the funds disbursements space. In our digital economy where consumers are accustomed to on-demand services and experiences, businesses providing…
Alabama becomes 50th state to enact data breach notification Law
April 10, 2018 / Source: Ballard Spahr LLP
Alabama becomes 50th state to enact data breach notification Law By Barbara S. Mishkin on April 9, 2018 POSTED IN DATA SECURITY, STATE CFS MONITOR Alabama officially joined the data breach notification party last month when the state’s governor signed a data breach notification law that will take effect on June 1, 2018. Although Alabama was the last state in…
FILs FDIC Forum: Use of Technology in the Business of Banking
April 9, 2018 / Source: FDIC
Financial Institution Letters FIL-15-2018 April 5, 2018 FDIC Forum: Use of Technology in the Business of Banking Printable Format: FIL-15-2018 – PDF (PDF Help) Summary: The FDIC will host a forum on the Use of Technology in the Business of Banking on Monday, May 7, 2018. The forum will be held from 9:00 a.m. to 3:45 p.m. Eastern Time…
Speech by Chairman Powell on the outlook for the U.S. economy
April 9, 2018 / Source: FRB
Speech April 06, 2018 The Outlook for the U.S. Economy Chairman Jerome H. Powell At The Economic Club of Chicago, Chicago, Illinois For more than 90 years, the Economic Club of Chicago has provided a valued forum for current and future leaders to discuss issues of vital interest to this city and our nation. I…
Federal Reserve Board announces termination of enforcement action
April 6, 2018 / Source: FRB
Press Release April 05, 2018 Federal Reserve Board announces termination of enforcement action with Turkiye Cumhuriyeti Ziraat Bankasi A.S. For release at 11:00 a.m. EDT The Federal Reserve Board on Thursday announced the termination of the enforcement action listed below: Turkiye Cumhuriyeti Ziraat Bankasi A.S. Written Agreement dated June 25, 2014 Terminated March 20, 2018…