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FIL: Banker Teleconference Series: Private Flood Insurance Rule
May 21, 2019 / Source: FDIC
Financial Institution Letters FIL-27-2019 May 20, 2019 Banker Teleconference Series: Private Flood Insurance Rule Timely and Comprehensive Information from the FDIC Printable Format: FIL-27-2019 – PDF (PDF Help) Summary: The FDIC's Division of Depositor and Consumer Protection (DCP) will conduct an interagency webinar scheduled for Tuesday, June 18, 2019, that will focus on the recently issued…
Senior Deputy Comptroller Discusses Bank Secrecy Act and Anti-Money Laundering Compliance
May 21, 2019 / Source: OCC
NR 2019-50 FOR IMMEDIATE RELEASE May 21, 2019 Contact: Bryan Hubbard (202) 649-6870 Senior Deputy Comptroller Discusses Bank Secrecy Act and Anti-Money Laundering Compliance WASHINGTON — Senior Deputy Comptroller for Bank Supervision Policy Grovetta N. Gardineer today discussed efforts to protect the financial system from being misused for illegal purposes during a hearing before the…
FIL: Financial Institution Diversity Video
May 20, 2019 / Source: FDIC
Financial Institution Letters FIL-26-2019 May 20, 2019 Financial Institution Diversity Video Printable Format: FIL-26-2019 – PDF (PDF Help) Summary: The FDIC's Office of Minority and Women Inclusion (OMWI) prepared a video that is available on the FDIC YouTube Channel. In the “Financial Institution Diversity” video, OMWI Director Saul Schwartz describes the FDIC's Financial Institution Diversity Program….
[NACHA Webinar] Third-Party Sender Registration: Are You Compliant?
May 20, 2019 / Source: NACHA
[NACHA Webinar] Third-Party Sender Registration: Are You Compliant? SPEAKERS Andrew M. Barlow, AAP, NCP Executive Vice President WACHA – The Premier Payments Resource Jeanette A. Fox, AAP Senior Director, Risk Investigations, ACH Network Risk Management Nacha Lorie J. Nash, AAP Senior Director, Compliance Nacha Danita T. Tyrrell, AAP Director, ACH Network Rules Development & Technical Support…
Consumer Financial Protection Bureau Files Suit Against Forster & Garbus, LLP
May 17, 2019 / Source: CFPB
Consumer Financial Protection Bureau Files Suit Against Forster & Garbus, LLP MAY 17, 2019 WASHINGTON, D.C. — The Consumer Financial Protection Bureau today filed a lawsuit in the federal district court in the Eastern District of New York against Forster & Garbus, LLP, a New York debt-collection law firm. The Bureau’s complaint alleges that Forster…
Federal Open Market Committee announces tentative meeting schedule for 2020
May 17, 2019 / Source: FRB
Press Release May 17, 2019 Federal Open Market Committee announces tentative meeting schedule for 2020 For release at 10:00 a.m. EDT Share The Federal Open Market Committee on Friday announced its tentative meeting schedule for 2020: January 28-29 (Tuesday-Wednesday) March 17-18 (Tuesday-Wednesday) April 28-29 (Tuesday-Wednesday) June 9-10 (Tuesday-Wednesday) July 28-29 (Tuesday-Wednesday) September 15-16 (Tuesday-Wednesday) November…
05/16/2019: OCC Enforcement Actions and Terminations
May 16, 2019 / Source: OCC
NR 2019-48 FOR IMMEDIATE RELEASE May 16, 2019 Contact: (202) 649-6870 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…
Comptroller of the Currency Discusses Regulatory Reform and Diversity During Congressional Hearing
May 16, 2019 / Source: OCC
NR 2019-47 FOR IMMEDIATE RELEASE May 16, 2019 Contact: Bryan Hubbard (202) 649-6870 Comptroller of the Currency Discusses Regulatory Reform and Diversity During Congressional Hearing WASHINGTON—Comptroller of the Currency Joseph M. Otting today discussed efforts to implement reforms to ensure banks operate in a safe, sound, and fair manner as well as work to promote…
Comptroller of the Currency Discusses Banking Regulatory Reform
May 15, 2019 / Source: OCC
NR 2019-46 FOR IMMEDIATE RELEASE May 15, 2019 Contact: Bryan Hubbard (202) 649-6870 Comptroller of the Currency Discusses Banking Regulatory Reform WASHINGTON—Comptroller of the Currency Joseph M. Otting today discussed the common sense, bipartisan reforms that are reducing unnecessary burden on banks while ensuring they operate in a safe, sound, and fair manner. During testimony…
House votes to extend flood insurance program
May 15, 2019 / Source: The Hill
House votes to extend flood insurance program BY JULIEGRACE BRUFKE – 05/14/19 06:15 PM EDT The House on Tuesday passed a bill to extend the National Flood Insurance Program (NFIP) through Sept. 30, the end of the fiscal year. The bill, passed by voice vote in the lower chamber, advanced as the program was set to expire at…
Real Estate Settlement Procedures Act: Revised Comptroller’s Handbook Booklet and Rescissions
May 8, 2019 / Source: OCC
OCC BULLETIN 2019-22 Subject: Real Estate Settlement Procedures Act Date: May 7, 2019 To: Chief Executive Officers and Compliance Officers of National Banks, Federal Savings Associations, Federal Branches and Agencies, Department and Division Heads, All Examining Personnel, and Other Interested Parties Description: Revised Comptroller's Handbook Booklet and Rescissions Summary The Office of the Comptroller of the…
Smiths Grove Businessman Pleads Guilty To Bank Fraud
May 8, 2019 / Source: FDICIG
FOR IMMEDIATE RELEASE Tuesday, May 7, 2019 Smiths Grove Businessman Pleads Guilty To Bank Fraud Kentuckyana Jones admits to over $1.4 million in bank fraud LOUISVILLE, Ky. – Michael Todd Barrick, aka Kentuckyana Jones, age 56, of Smiths Grove, Kentucky, pleaded guilty to five counts of bank fraud on Monday in United States District Court…
Consumer Financial Protection Bureau Proposes Regulations to Implement the Fair Debt Collection Practices Act
May 7, 2019 / Source: CFPB
Consumer Financial Protection Bureau Proposes Regulations to Implement the Fair Debt Collection Practices Act MAY 07, 2019 WASHINGTON, D.C. – Today the Consumer Financial Protection Bureau (Bureau) issued a Notice of Proposed Rulemaking (NPRM) to implement the Fair Debt Collection Practices Act (FDCPA). The proposal would provide consumers with clear protections against harassment by debt collectors and…
Proposed Revisions to the Consolidated Reports of Condition and Income
May 7, 2019 / Source: FDIC
Financial Institution Letters FIL-25-2019 May 7, 2019 Proposed Revisions to the Consolidated Reports of Condition and Income Printable Format: FIL-25-2019 – PDF (PDF Help) Summary: The banking agencies, under the auspices of the Federal Financial Institutions Examination Council (FFIEC), are requesting comment on proposed revisions to the Consolidated Reports of Condition and Income (Call Report) that…
Federal Reserve Board announces termination of enforcement action with First American Bancorp
May 7, 2019 / Source: FRB
Press Release May 07, 2019 Federal Reserve Board announces termination of enforcement action with First American Bancorp For release at 11:00 a.m. EDT Share The Federal Reserve Board on Tuesday announced the termination of the enforcement action listed below: First American Bancorp, Greenwood Village, Colorado Written Agreement dated August 20, 2010 (PDF) Terminated May 3,…
Proposed Revisions to the Consolidated Reports of Condition and Income (Call Report) for the Proposed Community Bank Leverage Ratio
May 6, 2019 / Source: FDIC
Financial Institution Letters FIL-24-2019 May 6, 2019 Printable Format: FIL-24-2019 – PDF (PDF Help) DEPOSITORY INSTITUTION REPORTS TO: CHIEF EXECUTIVE OFFICER (also of interest to Chief Financial Officer) SUBJECT: Proposed Revisions to the Consolidated Reports of Condition and Income (Call Report) for the Proposed Community Bank Leverage Ratio …
OCC Releases CRA Evaluations for 32 National Banks and Federal Savings Associations
May 6, 2019 / Source: OCC
NR 2019-44 FOR IMMEDIATE RELEASE May 3, 2019 Contact: (202) 649-6870 OCC Releases CRA Evaluations for 32 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 April 1, 2019…
Federal Reserve Board invites comment on a proposal to apply netting protections to a broader range of financial institutions
May 3, 2019 / Source: FRB
Press Release May 03, 2019 Federal Reserve Board invites comment on a proposal to apply netting protections to a broader range of financial institutions For release at 10:00 a.m. EDT Share The Federal Reserve Board on Friday requested comment on a proposal to reduce risk and increase efficiency in the financial system by applying netting…
FDIC Issues May 2019 List of Banks Examined for CRA Compliance
May 3, 2019 / Source: FDIC
Press Releases FDIC Issues List of Banks Examined for CRA Compliance FOR IMMEDIATE RELEASE May 3, 2019 Media contact: Greg Hernandez (202) 898-6984 [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…
Consumer Financial Protection Bureau Proposes Changes to HMDA Rules
May 2, 2019 / Source: CFPB
Consumer Financial Protection Bureau Proposes Changes to HMDA Rules MAY 02, 2019 WASHINGTON, D.C. – The Consumer Financial Protection Bureau (Bureau) today issued a Notice of Proposed Rulemaking (NPRM), which proposes to raise the coverage thresholds for collecting and reporting data about closed-end mortgage loans and open-end lines of credit under the Home Mortgage Disclosure Act…
Consumer Financial Protection Bureau Files Suit Against Lexington Law, PGX Holdings, and Related Entities
May 2, 2019 / Source: CFPB
Consumer Financial Protection Bureau Files Suit Against Lexington Law, PGX Holdings, and Related Entities MAY 02, 2019 WASHINGTON, D.C. – The Consumer Financial Protection Bureau (Bureau) today filed a complaint against PGX Holdings Inc. and subsidiaries Progrexion Marketing Inc., Progrexion Teleservices Inc., eFolks LLC, and CreditRepair.com Inc.; and against John C. Heath, Attorney at Law PLLC,…
Consumer Financial Protection Bureau Settles with Conduent Education Services
May 1, 2019 / Source: CFPB
Consumer Financial Protection Bureau Settles with Conduent Education Services MAY 01, 2019 WASHINGTON, D.C. – The Consumer Financial Protection Bureau (Bureau) today announced a settlement with Conduent Education Services, LLC (CES), a student loan servicing company that formerly operated under the name of ACS Education Services. CES is in the process of winding down its business. …
Press Release: Federal Reserve issues FOMC statement
May 1, 2019 / Source: FRB
Press Release PDF May 01, 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 March indicates that the labor market remains strong and that economic activity rose at a solid rate. Job gains have been solid, on average, in recent…
OCC Solicits Public Comment on Proposed Innovation Pilot Program
April 30, 2019 / Source: OCC
NR 2019-42 FOR IMMEDIATE RELEASE April 30, 2019 Contact: Paul Ross (202) 649-6870 OCC Solicits Public Comment on Proposed Innovation Pilot Program WASHINGTON — The Office of the Comptroller of the Currency (OCC) today opened a 45-day public comment period on a proposed Innovation Pilot Program (the program). The program would be voluntary and designed…
New Jersey Man Pleads Guilty to Federal Charges for $3.5 Million Bank Fraud Scheme
April 30, 2019 / Source: FDICIG
FOR IMMEDIATE RELEASE Thursday, April 25, 2019 New Jersey Man Pleads Guilty to Federal Charges for $3.5 Million Bank Fraud Scheme Baltimore, Maryland – Mehul Khatiwala, age 37, of Voorhees, New Jersey, pleaded guilty today to conspiracy to commit bank fraud and to three counts of bank fraud, in connection with a scheme to fraudulently obtain…