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Bergen County, New Jersey, Real Estate Developer Admits Conspiracy To Deceive Mariner’s Bank And FDIC
April 15, 2019 / Source: FDICOIG
PRESS RELEASE FOR IMMEDIATE RELEASE Friday, April 12, 2019 Bergen County, New Jersey, Real Estate Developer Admits Conspiracy To Deceive Mariner’s Bank And FDIC NEWARK, N.J. – An Englewood, New Jersey-based real estate developer today admitted his role in a conspiracy to illegally obtain nominee loans from Mariner’s Bank, U.S. Attorney Craig Carpenito announced. James…
Husband Of Former Employee Of New Jersey Bank Sentenced To 27 Months In Prison For Stealing Client Information And Funds
April 12, 2019 / Source: FDICIG
FOR IMMEDIATE RELEASE Wednesday, April 10, 2019 Husband Of Former Employee Of New Jersey Bank Sentenced To 27 Months In Prison For Stealing Client Information And Funds Geoffrey S. Berman, the United States Attorney for the Southern District of New York, announced that two defendants have been sentenced to prison by U.S. District Judge Gregory…
Federal Reserve Board publishes transcripts of more than 50 interviews with former policymakers and former senior staff that chronicle nearly half a century of Federal Reserve history
April 12, 2019 / Source: FRB
Press Release April 12, 2019 Federal Reserve Board publishes transcripts of more than 50 interviews with former policymakers and former senior staff that chronicle nearly half a century of Federal Reserve history For release at 1:00 p.m. EDT Share The Federal Reserve Board on Friday published transcripts of more than 50 interviews with former policymakers…
New Guidance to Prepare for Same Day ACH Enhancements
April 11, 2019 / Source: NACHA
New Guidance to Prepare for Same Day ACH Enhancements POSTED APRIL 10, 2019 Three new enhancements to Same Day ACH are coming. The first takes effect in just a matter of months—September 20, 2019, to be precise. To help with preparations, NACHA has created three new guidance sheets. Each is a two page PDF available…
OCC Hosts Risk Governance and Credit Risk Workshops in Pittsburgh
April 11, 2019 / Source: OCC
NR 2019-38 FOR IMMEDIATE RELEASE April 11, 2019 Contact: Stephanie Collins (202) 649-6870 OCC Hosts Risk Governance and Credit Risk Workshops in Pittsburgh WASHINGTON — The Office of the Comptroller of the Currency (OCC) will host two workshops at the Hotel Indigo Pittsburgh East Liberty in Pittsburgh, May 21-22, for directors of national community banks…
OCC Bulletin: Revised Interagency Examination Procedures
April 10, 2019 / Source: OCC
OCC BULLETIN 2019-19 Subject: Home Mortgage Disclosure Act Date: April 10, 2019 To: Chief Executive Officers and Compliance Officers of All National Banks, Federal Savings Associations, and Federal Branches and Agencies of Foreign Banking Organizations; Department and Division Heads; All Examining Personnel; and Other Interested Parties Description: Revised Interagency Examination Procedures Summary The Office of the…
Bank of America to Raise Minimum Wage to $20 per Hour
April 10, 2019 / Source: Bank of America
Bank of America to Raise Minimum Wage to $20 per Hour Raise Will Occur Over Two-Year Period and Reaffirms Commitment to Being a Great Place to Work Tuesday, April 9, 2019 8:16 am EDT CATEGORIES Corporate and Financial News Print to PDFRSS Feed “Saying thank you, celebrating great work, and sharing our success further demonstrate…
Federal Reserve Board fines Standard Chartered $164 million for firm’s unsafe and unsound practices relating to inadequate sanctions controls and failure to disclose sanctions risks to the Federal Res
April 9, 2019 / Source: FRB
Press Release April 09, 2019 Federal Reserve Board fines Standard Chartered $164 million for firm's unsafe and unsound practices relating to inadequate sanctions controls and failure to disclose sanctions risks to the Federal Reserve For release at 10:00 a.m. EDT Share The Federal Reserve Board on Tuesday announced it has fined Standard Chartered plc and…
U.S., European Banking Union, and UK Officials Meet for Planned Coordination Exercise on Cross-Border Resolution Planning
April 9, 2019 / Source: FDIC
Press Releases U.S., European Banking Union, and UK Officials Meet for Planned Coordination Exercise on Cross-Border Resolution Planning FOR IMMEDIATE RELEASE April 9, 2019 Media contact: Julianne Fisher Breitbeil (202) 898-6895 [email protected] WASHINGTON — Senior officials representing resolution, regulatory and supervisory authorities, central banks, and finance ministries in the United States, the United Kingdom, and…
Federal Reserve Board accepting applications for its Community Advisory Council
April 8, 2019 / Source: FRB
Press Release April 08, 2019 Federal Reserve Board accepting applications for its Community Advisory Council For release at 12:00 p.m. EDT Share 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….
Federal Reserve Board invites public comment on regulatory framework that would more closely match rules for foreign banks with the risks they pose to U.S. financial system
April 8, 2019 / Source: FRB
Press Release April 08, 2019 Federal Reserve Board invites public comment on regulatory framework that would more closely match rules for foreign banks with the risks they pose to U.S. financial system For immediate release Share The Federal Reserve Board on Monday invited public comment on a regulatory framework that would more closely match the…
OCC Bulletin: Regulatory Capital Rule: Notice of Proposed Rulemaking
April 8, 2019 / Source: OCC
OCC BULLETIN 2019-18 Subject: Regulatory Capital Rule Date: April 8, 2019 To: Chief Executive Officers of All National Banks and Federal Savings Associations, Department and Division Heads, All Examining Personnel, and Other Interested Parties Description: Notice of Proposed Rulemaking Summary The Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal…
Press Release: FDIC Issues List of Banks Examined for CRA Compliance
April 5, 2019 / Source: FDIC
Press Releases FDIC Issues List of Banks Examined for CRA Compliance FOR IMMEDIATE RELEASE April 5, 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…
Unauthorized Banking: First National Bank
April 4, 2019 / Source: OCC
Alert 2019-4 Subject: Unauthorized Banking Date: April 4, 2019 Description: First National Bank Unauthorized Banking: First National Bank 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 Comptrollers (Districts); Assistant…
FDIC Podcasts Chronicle Causes, Responses to Financial Crisis
April 4, 2019 / Source: FDIC
Press Releases FDIC Podcasts Chronicle Causes, Responses to Financial Crisis FOR IMMEDIATE RELEASE April 4, 2019 Media contact: LaJuan Williams-Young (202) 898-3876 [email protected] The FDIC today released a series of podcasts featuring discussions about Crisis and Response: An FDIC History, 2008–2013, the agency's study of the banking and financial crisis. The podcast series gives listeners a…
Federal Reserve Board announces changes to its Payment System Risk Policy regarding intraday credit to U.S. branches and agencies of foreign banking organizations
April 3, 2019 / Source: FRB
Press Release April 03, 2019 Federal Reserve Board announces changes to its Payment System Risk Policy regarding intraday credit to U.S. branches and agencies of foreign banking organizations For release at 11:00 a.m. EDT Share The Federal Reserve Board on Wednesday published a final rule implementing policy changes to procedures governing the provision of intraday…
OCC Releases CRA Evaluations for 25 National Banks and Federal Savings Associations
April 3, 2019 / Source: OCC
NR 2019-36 FOR IMMEDIATE RELEASE April 2, 2019 Contact: (202) 649-6870 OCC Releases CRA Evaluations for 25 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 March 1, 2019…
FIL: Current Expected Credit Losses (CECL) Webinar
April 2, 2019 / Source: FDIC
Financial Institution Letters FIL-17-2019 April 2, 2019 Current Expected Credit Losses (CECL) Webinar: Weighted-Average Remaining Maturity (WARM) Method Printable Format: FIL-17-2019 – PDF (PDF Help) Summary: The federal financial institution regulatory agencies will host an interagency webinar focusing on the application of the Weighted-Average Remaining Maturity (WARM) method for estimating allowances for credit losses in accordance…
Agencies Propose Rule to Limit Impact of Large Bank Failures
April 2, 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 April 2, 2019 Agencies Propose Rule to Limit Impact of Large Bank Failures The federal banking agencies on Tuesday proposed a rule to limit the interconnectedness of large banking…
CFPB Director Kraninger Becomes FFIEC Chairman
April 1, 2019 / Source: FFIEC
Press Releases Press Release For Immediate Release April 1, 2019 CFPB Director Kraninger Becomes FFIEC Chairman Consumer Financial Protection Bureau (CFPB) Director Kathleen L. Kraninger today becomes the Chairman of the Federal Financial Institutions Examination Council (FFIEC). Her two-year term runs from April 1, 2019, through March 31, 2021. Chairman Kraninger succeeds…
FDIC Board Proposes Changes to Recordkeeping Requirements for Deposit Insurance Determinations
April 1, 2019 / Source: FDIC
Press Releases FDIC Board Proposes Changes to Recordkeeping Requirements for Deposit Insurance Determinations FOR IMMEDIATE RELEASE March 29, 2019 Media contact: David Barr (202) 898-6992 [email protected] The Board of Directors of the Federal Deposit Insurance Corporation (FDIC) today approved proposals to amend two rules to simplify the process for making insurance determinations in the event…
Agencies Complete Evaluation of 2017 Resolution Plans for 14 Large Domestic Banking Organizations and Issue Expectations for 2019 Resolution Plans
April 1, 2019 / Source: FDIC
Press Releases Joint Release Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation For Immediate Release March 29, 2019 Agencies Complete Evaluation of 2017 Resolution Plans for 14 Large Domestic Banking Organizations and Issue Expectations for 2019 Resolution Plans The Federal Reserve Board and the Federal Deposit Insurance Corporation on Friday announced…
FDIC Makes Public February 2019 Enforcement Actions
March 29, 2019 / Source: FDIC
Press Releases FDIC Makes Public February Enforcement Actions; No Administrative Hearings Scheduled for April 2019 FOR IMMEDIATE RELEASE March 29, 2019 Media contact: LaJuan Williams-Young (202) 898-3876 [email protected] The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in February. There are no administrative…
Federal Reserve Board releases document providing additional information on its stress testing program
March 29, 2019 / Source: FRB
Press Release March 28, 2019 Federal Reserve Board releases document providing additional information on its stress testing program For release at 4:30 p.m. EDT Share The Federal Reserve Board on Thursday released a document providing additional information on its stress testing program. The release of the document follows an announcement in February that the Board…
NACHA Releases Top 50 Rankings of ACH Originating and Receiving Financial Institutions; Updated Figures Show 2018 Total Volume of 27 Billion ACH Payments
March 28, 2019 / Source: NACHA
NACHA Releases Top 50 Rankings of ACH Originating and Receiving Financial Institutions; Updated Figures Show 2018 Total Volume of 27 Billion ACH Payments POSTED MARCH 28, 2019 HERNDON, Va., March 28, 2019 – NACHA today released its Top 50 rankings of originators and receivers of ACH payments for 2018. The Top 50 originating financial institutions accounted for…