Capturing the important news of the day in an easy to access way. We post news we feel is relevant to our members and community banks nationwide.
Whitelist [email protected] to ensure that you receive your update email.
If you’re still having difficulties receiving this Daily Email Campaign, please contact us at once through [email protected].
2020 National Interagency Community Reinvestment Conference March 9-12 in Denver Has Been Postponed
March 5, 2020 / 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 March 5, 2020 2020 National Interagency Community Reinvestment Conference March 9-12 in Denver Has Been Postponed After careful consideration of the growing public health concerns associated with the coronavirus…
Comptroller of the Currency Statement on the House Financial Services Committee’s Report on Wells Fargo
March 5, 2020 / Source: OCC
News Release 2020-26 | March 5, 2020 Comptroller of the Currency Statement on the House Financial Services Committee’s Report on Wells Fargo WASHINGTON — Comptroller of the Currency Joseph M. Otting today issued the following statement regarding the recent House Financial Services Committee’s report on Wells Fargo. The Office of the Comptroller of the Currency shares the…
Federal Reserve Board approves rule to simplify its capital rules for large banks, preserving the strong capital requirements already in place
March 5, 2020 / Source: FRB
Press Release March 04, 2020 Federal Reserve Board approves rule to simplify its capital rules for large banks, preserving the strong capital requirements already in place For release at 4:30 p.m. EST Share The Federal Reserve Board on Wednesday approved a rule to simplify its capital rules for large banks, preserving the strong capital requirements…
FinCEN Penalizes U.S. Bank Official for Corporate Anti-Money Laundering Failures
March 4, 2020 / Source: FinCEN
FinCEN Penalizes U.S. Bank Official for Corporate Anti-Money Laundering Failures Contact Office of Strategic Communications, 703-905-3770 Immediate Release March 04, 2020 WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) has assessed a $450,000 civil money penalty against Michael LaFontaine, former Chief Operational Risk Officer at U.S. Bank National Association (U.S. Bank), for his failure to prevent violations of the…
FDIC Issues December 2019 List of Banks Examined for CRA Compliance
March 4, 2020 / Source: FDIC
Press Releases FDIC Issues List of Banks Examined for CRA Compliance FOR IMMEDIATE RELEASE March 4, 2020 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…
OCC Releases CRA Evaluations for 19 National Banks and Federal Savings Associations
March 3, 2020 / Source: OCC
News Release 2020-25 | March 3, 2020 OCC Releases CRA Evaluations for 19 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 February 1, 2020 through February 29, 2020….
March 03, 2020: Federal Reserve issues FOMC statement
March 3, 2020 / Source: FRB
Press Release PDF March 03, 2020 Federal Reserve issues FOMC statement For release at 10:00 a.m. EST Share The fundamentals of the U.S. economy remain strong. However, the coronavirus poses evolving risks to economic activity. In light of these risks and in support of achieving its maximum employment and price stability goals, the Federal…
Protecting Tenants at Foreclosure Act:Â Revised Comptroller’s Handbook Booklet and Rescissions
March 2, 2020 / Source: OCC
OCC Bulletin 2020-9| March 2, 2020 Protecting Tenants at Foreclosure Act: Revised Comptroller's Handbook Booklet and Rescissions 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) issued today the…
Statement from Federal Reserve Chair Jerome H. Powell
March 2, 2020 / Source: FRB
Press Release February 28, 2020 Statement from Federal Reserve Chair Jerome H. Powell For release at 2:30 p.m. EST Share The fundamentals of the U.S. economy remain strong. However, the coronavirus poses evolving risks to economic activity. The Federal Reserve is closely monitoring developments and their implications for the economic outlook. We will use our…
FDIC Issues CRA Examination Schedules for Second and Third Quarter 2020
February 28, 2020 / Source: FDIC
Press Releases FDIC Issues CRA Examination Schedules for Second and Third Quarter 2020 FOR IMMEDIATE RELEASE February 28, 2020 Media contact: David Barr Office: (202) 898-6992 Cell: (703) 622-4790 The Federal Deposit Insurance Corporation (FDIC) today issued the lists of institutions scheduled for a Community Reinvestment Act (CRA) examination during the second and third quarter…
FDIC Makes Public January 2020 Enforcement Actions
February 28, 2020 / Source: FDIC
Press Releases FDIC Makes Public January Enforcement Actions; No Administrative Hearings Scheduled for March 2020 FOR IMMEDIATE RELEASE February 28, 2020 Media contact: David Barr Office: (202) 898-6992 Cell: (703) 622-4790 [email protected] The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in January….
OCC Issues Second and Third Quarter 2020 CRA Evaluation Schedule
February 28, 2020 / Source: OCC
News Release 2020-23 | February 28, 2020 OCC Issues Second and Third Quarter 2020 CRA Evaluation Schedule WASHINGTON—The Office of the Comptroller of the Currency (OCC) today released its schedule of Community Reinvestment Act (CRA) evaluations to be conducted in the second quarter and third quarter 2020. The OCC encourages public comment on the national banks and…
CFPB Publishes TRID FAQ’s on Treatment of Lender Credits
February 27, 2020 / Source: Ballard Spahr LLP
CFPB Publishes TRID FAQ’s on Treatment of Lender Credits By Amanda E. Phillips on February 27, 2020 The CFPB recently published ten new TRID FAQs related to lender credits. Previously the CFPB staff provided informal verbal guidance regarding lender credits, and the 2017 amendments to the TRID rule, often referred to as TRID 2.0, added commentary to TRID provisions of…
OCC Hosts Risk Governance and Credit Workshops in West Virginia
February 27, 2020 / Source: OCC
News Release 2020-22 | February 27, 2020 OCC Hosts Risk Governance and Credit Workshops in West Virginia WASHINGTON—The Office of the Comptroller of the Currency (OCC) will host two workshops at the Holiday Inn & Suites in Charleston, West Virginia, April 14 and 15, for directors of national community banks and federal savings associations supervised by the OCC….
Thune, Baldwin Urge Financial Regulators to Ensure the Agriculture Industry has Adequate Access to Capital
February 26, 2020 / Source: John Thune, U.S. Senator
Recent Press Releases Thune, Baldwin Urge Financial Regulators to Ensure the Agriculture Industry has Adequate Access to Capital “Community financial institutions have a great deal of experience in agriculture lending during downturns in the farm economy, and we urge you to encourage your examiners to continue valuing their judgment when it comes to providing capital…
FHFA Issues RFI on FHLBank Membership
February 26, 2020 / Source: FHFA
News Release FHFA Issues RFI on FHLBank Membership FOR IMMEDIATE RELEASE 2/24/2020 Washington, D.C. – Today, the Federal Housing Finance Agency (FHFA) issued a Request for Input (RFI) on Federal Home Loan Bank (FHLBank) membership. The RFI, part of a holistic review of FHLBank membership, seeks public input on whether FHFA's existing regulation on FHLBank membership…
FDIC-Insured Institutions Reported Net Income of $55.2 Billion in Fourth Quarter 2019
February 25, 2020 / Source: FDIC
Press Releases FOR IMMEDIATE RELEASE February 25, 2020 Media contact: Julianne Fisher Breitbeil (202) 898-6895 [email protected] FDIC-Insured Institutions Reported Net Income of $55.2 Billion in Fourth Quarter 2019 Full–Year 2019 Net Income Declined 1.5 Percent to $233.1 Billion Quarterly Net Income Declined 6.9 Percent from Fourth Quarter 2018 Net Interest Margin Declined from a Year…
FDiTech Releases New Guide to Help ‘FinTechs’ Connect with Banks
February 25, 2020 / Source: FDIC
Press Releases FDiTech Releases New Guide to Help 'FinTechs' Connect with Banks FDIC seeks to promote innovation in banking to meet growing consumer demand FOR IMMEDIATE RELEASE February 24, 2020 Media Contact: Julianne Fisher Breitbeil 202-898-6895 [email protected] WASHINGTON – In its continuing effort to encourage technological innovation in the banking sector, the Federal Deposit Insurance…
Wells Fargo Agrees to Pay $3 Billion to Resolve Criminal and Civil Investigations into Sales Practices Involving the Opening of Millions of Accounts without Customer Authorization
February 24, 2020 / Source: FDIC OIG
FOR IMMEDIATE RELEASE Friday, February 21, 2020 Wells Fargo Agrees to Pay $3 Billion to Resolve Criminal and Civil Investigations into Sales Practices Involving the Opening of Millions of Accounts without Customer Authorization $3 Billion Payment Result of Deferred Prosecution Agreement in Criminal Matter, Settlement of Civil Claims under FIRREA and Resolution of SEC Proceedings…
FDIC Recognizes Four Institutions for Expanding Financial Literacy
February 24, 2020 / Source: FDIC
FDIC Recognizes Four Institutions for Expanding Financial Literacy Organizations honored during America Saves Week FOR IMMEDIATE RELEASE February 24, 2020 Media Contact: Julianne Fisher Breitbeil 202-898-6895 [email protected] WASHINGTON – As America Saves Week approaches, the Federal Deposit Insurance Corporation (FDIC) today is recognizing four institutions for their work to expand financial education and support healthy banking relationships….
Consumer Financial Protection Bureau Issues Supplemental Notice of Proposed Rulemaking on Time-Barred Debt Disclosures
February 21, 2020 / Source: CFPB
Consumer Financial Protection Bureau Issues Supplemental Notice of Proposed Rulemaking on Time-Barred Debt Disclosures FEB 21, 2020 WASHINGTON, D.C. – The Consumer Financial Protection Bureau (Bureau) today issued a Supplemental Notice of Proposed Rulemaking (Supplemental NPRM) regarding the collection of time-barred debt. The Bureau proposes to prohibit collectors from using non-litigation means (such as calls) to…
Federal Banking Agencies Host the 2020 National Interagency Community Reinvestment Conference
February 21, 2020 / Source: OCC
News Release 2020-21 | February 21, 2020 Federal Banking Agencies Host the 2020 National Interagency Community Reinvestment Conference Joint Release Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation Office of Comptroller of the Currency The 2020 National Interagency Community Reinvestment Conference takes place in Denver from March 9 to 12. The conference is hosted…
Consumer Financial Protection Bureau, South Carolina, and Arkansas File Suit Against Brokers of High-Interest Credit Offers
February 20, 2020 / Source: CFPB
Consumer Financial Protection Bureau, South Carolina, and Arkansas File Suit Against Brokers of High-Interest Credit Offers FEB 20, 2020 WASHINGTON, D.C. – The Consumer Financial Protection Bureau (Bureau), the South Carolina Department of Consumer Affairs (South Carolina), and Arkansas Attorney General Leslie Rutledge today filed a lawsuit in federal district court in the District of…
News Release 2020-20 : OCC Enforcement Actions and Terminations
February 20, 2020 / Source: OCC
News Release 2020-20 | February 20, 2020 OCC Enforcement Actions and Terminations 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. All Cease and Desist Orders, Civil Money Penalty Orders, and Removal/Prohibition…
FDIC Seeks Information on How to Modernize Signage and Advertising Requirements
February 20, 2020 / Source: FDIC
Press Releases FDIC Seeks Information on How to Modernize Signage and Advertising Requirements New standards considered to reflect developments in banking, prevent fraud, avoid consumer confusion FOR IMMEDIATE RELEASE February 19, 2020 Media contact: Brian Sullivan [email protected] (202) 898-6534 WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today announced that it is seeking the public's…