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Counterfeit Cashier’s Checks: Counterfeit Cashier’s Checks of Stephenson National Bank & Trust, Marinette, Wis.
January 8, 2020 / Source: OCC
Counterfeit Cashier's Checks: Counterfeit Cashier's Checks of Stephenson National Bank & Trust, Marinette, Wis. 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 Deputy Comptrollers; District Counsels;…
Nacha Announces New Officers and Directors for 2020
January 8, 2020 / Source: NACHA
Nacha Announces New Officers and Directors for 2020 Nacha today announced its new Board Chairperson and Secretary/Treasurer as well as six new directors. The Nacha Board oversees the governance and administration of Nacha as the ACH Network administrator and industry trade association. “We are pleased to welcome our new officers and directors,” said Nacha President…
America Saves Week is Coming; Here’s Why You Need to Be Involved
January 6, 2020 / Source: NACHA
America Saves Week is Coming; Here’s Why You Need to Be Involved POSTED ON January 06, 2020 AUTHOR Michael W. Kahn You don’t have to look far to find proof that many Americans aren’t saving enough. And we’re not even talking about retirement. What if the car’s transmission dies? What if the refrigerator is toast? …
US Conflict With Iran Sparks Cybersecurity Concerns
January 6, 2020 / Source: Bank Info Security
US Conflict With Iran Sparks Cybersecurity Concerns Homeland Security Reminds CISOs to Protect Critical SystemsScott Ferguson (@Ferguson_Writes) • January 3, 2020 (This story has been updated. See additional updates on the threat posed by pro-Iranian hackers and an incident involving defacing of a U.S. government website.) After an Iranian general was killed in a U.S. drone strike in Baghdad late…
OCC Releases CRA Evaluations for 24 National Banks and Federal Savings Associations
January 3, 2020 / Source: OCC
News Release 2020-4 | January 3, 2020 OCC Releases CRA Evaluations for 24 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 December 1, 2019 through December 31, 2019. The list contains only national…
Reopening Comment Period for Proposed Rule to Amend Swap Margin Requirements
January 3, 2020 / Source: FDIC
News Release 2020-3 | January 03, 2020 Reopening Comment Period for Proposed Rule to Amend Swap Margin Requirements Printable Format: FIL-88-2019 – PDF (PDF Help) Summary: The FDIC, Office of the Comptroller of the Currency, Board of Governors of the Federal Reserve, Farm Credit Administration, and Federal Housing Finance Agency (collectively, the agencies) are reopening the…
OCC Releases 2020 Schedule of Workshops for Directors and Senior Management of National Community Banks and Federal Savings Associations
January 2, 2020 / Source: OCC
News Release 2020-1 | January 2, 2020 OCC Releases 2020 Schedule of Workshops for Directors and Senior Management of National Community Banks and Federal Savings Associations WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced its 2020 schedule of workshops for board directors and bank management of national community banks and federal savings associations. The OCC…
Agencies release 2020 annual CRA asset-size threshold adjustments for small and intermediate small institutions
January 2, 2020 / Source: FRB
Joint Press Release December 31, 2019 Agencies release annual CRA asset-size threshold adjustments for small and intermediate small institutions Federal Deposit Insurance Corporation Federal Reserve Board of Governors Office of the Comptroller of the Currency For release at 1:30 p.m. EST Share WASHINGTON—The federal bank regulatory agencies today announced the annual adjustment to the asset-size…
Rescission of FDIC Statements of Policy
December 31, 2019 / Source: FDIC
Financial Institution Letters FIL-86-2019 December 31, 2019 Rescission of FDIC Statements of Policy Printable Format: FIL-86-2019 – PDF (PDF Help) Summary: As part of a continuing effort to reduce regulatory burden, the FDIC is rescinding four FDIC Statements of Policy that are outdated. Statement of Applicability to Institutions with Total Assets under $1 Billion: This Financial Institution…
2019 College credit card agreements
December 31, 2019 / Source: CFPB
2019 College credit card agreements DEC 30, 2019 The Credit Card Accountability, Responsibility, and Disclosure Act (“CARD Act” or “Act”) requires the Bureau of Consumer Financial Protection (the “Bureau”) to submit to Congress, and to make available to the public, an annual report that lists information submitted to the Bureau concerning agreements between credit card…
Treatment of Extensions of Credit to Certain Investment Funds and Their Portfolio Investments Under 12 CFR 215 and 12 CFR 363: Interagency Statement
December 30, 2019 / Source: OCC
OCC Bulletin 2019-65| December 27, 2019 Treatment of Extensions of Credit to Certain Investment Funds and Their Portfolio Investments Under 12 CFR 215 and 12 CFR 363: Interagency Statement SHARE THIS PAGE: 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…
CFPB Issues Financial Literacy Annual Report
December 27, 2019 / Source: CFPB
CFPB Issues Financial Literacy Annual Report DEC 23, 2019 WASHINGTON, D.C. – The Consumer Financial Protection Bureau (Bureau) issued its Financial Literacy Annual Report for fiscal year 2019. The Bureau delivered its digital and print resources to more than 12 million consumers in fiscal year 2019. Promoting savings has also been a key part of…
FDIC Makes Public November 2019 Enforcement Actions
December 27, 2019 / Source: FDIC
Press Releases FDIC Makes Public November Enforcement Actions; No Administrative Hearings Scheduled for January 2020 FOR IMMEDIATE RELEASE December 27, 2019 Media Contact: David Barr (202) 898-6992 [email protected] The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in November. There are no administrative…
Federal Reserve approves modifications to National Settlement Service and Fedwire® Funds Service to support enhancements to the same-day automated clearinghouse service
December 23, 2019 / Source: FRB
Press Release December 23, 2019 Federal Reserve approves modifications to National Settlement Service and Fedwire® Funds Service to support enhancements to the same-day automated clearinghouse service For release at 2:00 p.m. EST Share The Federal Reserve Board on Monday approved modifications to the Federal Reserve Banks' National Settlement Service (NSS) and Fedwire® Funds Service to support…
FDIC’s Supervisory Insights Fall 2019 Edition Focuses on Commercial Real Estate Lending and the Leveraged Lending Market
December 23, 2019 / Source: FDIC
Press Releases FDIC's Supervisory Insights Fall 2019 Edition Focuses on Commercial Real Estate Lending and the Leveraged Lending Market FOR IMMEDIATE RELEASE December 23, 2019 Media contact: LaJuan Williams-Young (202) 898-3876 [email protected] The Federal Deposit Insurance Corporation (FDIC) today issued the Fall 2019 issue of Supervisory Insights, which contains two articles of interest to bank management. The first…
Agencies Extend Comment Period for Proposed Rule to Amend Swap Margin Rules
December 23, 2019 / Source: OCC
News Release 2019-152 | December 20, 2019 Agencies Extend Comment Period for Proposed Rule to Amend Swap Margin Rules SHARE THIS PAGE: Joint Release Board of Governors of the Federal Reserve System Farm Credit Administration Federal Deposit Insurance Corporation Federal Housing Finance Agency Office of the Comptroller of the Currency Five federal agencies today announced they will reopen…
Agencies extend deadline on request for information on CAMELS rating system
December 20, 2019 / Source: FRB
Joint Press Release December 20, 2019 Agencies extend deadline on request for information on CAMELS rating system Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation For release at 12:00 p.m. EST Share The Federal Deposit Insurance Corporation and the Federal Reserve Board on Friday announced that they will extend until February…
Federal Reserve report assesses information presented to prospective borrowers on small business online lender websites
December 20, 2019 / Source: FRB
Press Release December 19, 2019 Federal Reserve report assesses information presented to prospective borrowers on small business online lender websites For release at 4:00 p.m. EST Share The Federal Reserve Board on Thursday released Uncertain Terms: What Small Business Borrowers Find When Browsing Online Lender Websites, a report that examines the information that prospective small business…
Federal Reserve payments study finds growth in card and automated clearinghouse payments
December 19, 2019 / Source: FRB
Press Release December 19, 2019 Federal Reserve payments study finds growth in card and automated clearinghouse payments For release at 12:00 p.m. EST Share The growth of payments using debit and credit cards and the automated clearinghouse (ACH) system continued to accelerate from 2015 to 2018, while check payments continued their long-run decline, according to…
News Release 2019-151: OCC Enforcement Actions and Terminations
December 19, 2019 / Source: OCC
News Release 2019-151 | December 19, 2019 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…
OCC Reports Mortgage Performance Improves Slightly
December 19, 2019 / Source: OCC
News Release 2019-150 | December 19, 2019 OCC Reports Mortgage Performance Improves Slightly WASHINGTON—The Office of the Comptroller of the Currency (OCC) reported a slight improvement in the performance of first-lien mortgages in the federal banking system during the third quarter of 2019. The OCC Mortgage Metrics Report, Third Quarter 2019 showed 96.4 percent of mortgages included in the report…
Agencies Find No Deficiencies in Resolution Plans from the Largest Banks; Find Shortcomings for Several Firms
December 18, 2019 / Source: FDIC
Press Releases Joint Release Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation For release at 4:30 p.m. EST December 17, 2019 Agencies Find No Deficiencies in Resolution Plans from the Largest Banks; Find Shortcomings for Several Firms The Federal Reserve Board and Federal Deposit Insurance Corporation announced Tuesday that they did…
Federal Reserve Board announces series of “fintech innovation office hours” across the country to meet with banks and companies engaged in emerging financial technologies
December 18, 2019 / Source: FRB
Press Release December 17, 2019 Federal Reserve Board announces series of “fintech innovation office hours” across the country to meet with banks and companies engaged in emerging financial technologies For release at 3:30 p.m. EST Share The Federal Reserve Board on Tuesday announced that it will hold a series of “fintech innovation office hours” across…
FDIC Announces Departure of Chief Information Officer Howard Whyte
December 17, 2019 / Source: FDIC
Press Releases FDIC Announces Departure of Chief Information Officer Howard Whyte FOR IMMEDIATE RELEASE December 17, 2019 Media Contact: Amy C. Thompson 202-898-7124 [email protected] WASHINGTON—The Federal Deposit Insurance Corporation (FDIC) today announced that Howard Whyte, Chief Information Officer (CIO) and Chief Privacy Officer, has resigned his position to pursue an opportunity in the private sector….
Federal Reserve Board announces approval of application by First Citizens BancShares, Inc.
December 17, 2019 / Source: FRB
Press Release December 16, 2019 Federal Reserve Board announces approval of application by First Citizens BancShares, Inc. For release at 1:00 p.m. EST Share The Federal Reserve Board on Monday announced its approval of the application under section 3 of the Bank Holding Company Act of 1956 by First Citizens BancShares, Inc., Raleigh, North Carolina,…