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Counterfeit Cashier’s Checks of the First National Bank of Elmer, Elmer, NJ
March 13, 2019 / Source: OCC
Alert 2019-2 Subject: Counterfeit Cashier’s Checks Date: March 13, 2019 Description: First National Bank of Elmer Counterfeit Cashier’s Checks of the First National Bank of Elmer, Elmer, NJ 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…
ACH Network Marks a Daily Volume Record of 100 Million Payments
March 13, 2019 / Source: NACHA
ACH Network Marks a Daily Volume Record of 100 Million Payments POSTED MARCH 12, 2019 HERNDON, Va., March 12, 2019 – The ACH Network set a record in February as volume exceeded 100 million ACH payments per banking day—an increase of 7.2 percent over February 2018. In each year there were 19 banking days in…
Consumer Financial Protection Bureau Announces 18th Edition of Supervisory Highlights
March 12, 2019 / Source: CFPB
Consumer Financial Protection Bureau Announces 18th Edition of Supervisory Highlights MAR 12, 2019 WASHINGTON, D.C. — The Consumer Financial Protection Bureau (“CFPB” or “Bureau”) today released its 18th edition of Supervisory Highlights. The report covers Bureau supervision activities generally completed between June 2018 and November 2018, and includes examination findings in the areas of automobile loan…
Federal Reserve Board permanently bars two former employees of The Goldman Sachs Group, Inc. from the banking industry
March 12, 2019 / Source: FRB
Press Release March 12, 2019 Federal Reserve Board permanently bars two former employees of The Goldman Sachs Group, Inc. from the banking industry For release at 10:00 a.m. EDT Share The Federal Reserve Board on Tuesday announced that it is prohibiting Tim Leissner and Ng Chong Hwa, also known as Roger Ng, from the banking…
Former Bank Tellers Sentenced To Prison, Ordered To Pay Back $1.6 Million To The Peoples Bank In Eatonton
March 11, 2019 / Source: FDICIG
FOR IMMEDIATE RELEASE Tuesday, March 5, 2019 Former Bank Tellers Sentenced To Prison, Ordered To Pay Back $1.6 Million To The Peoples Bank In Eatonton MACON – Two former bank tellers were sentenced today to prison and ordered to pay more than $1.6 million dollars to the institution they defrauded, announced Charles “Charlie” Peeler,…
FFIEC Members Adopt Policy Statement on the Report of Examination
March 11, 2019 / Source: CFPB
FFIEC Members Adopt Policy Statement on the Report of Examination MAR 06, 2019 SHARE THIS Share on Facebook Share on Twitter Share on LinkedIn Share on email The Federal Financial Institutions Examination Council (FFIEC) members today issued principles to promote consistency, clarity and ease of reference for the presentation of information in examination reports. The FFIEC…
Revisions to the Consolidated Reports of Condition and Income and Other Regulatory Reports
March 8, 2019 / Source: FDIC
Financial Institution Letters FIL-12-2019 March 8, 2019 Revisions to the Consolidated Reports of Condition and Income and Other Regulatory Reports Printable Format: FIL-12-2019 – PDF (PDF Help) Summary: The banking agencies, under the auspices of the Federal Financial Institutions Examination Council (FFIEC), have finalized revisions to the Consolidated Reports of Condition and Income (Call Report) and…
Home Mortgage Disclosure Act: Key Data Fields for Full and Partial Reporters
March 8, 2019 / Source: OCC
OCC BULLETIN 2019-12 Subject: Home Mortgage Disclosure Act Date: March 7, 2019 To: Chief Executive Officers and Compliance Officers of National Banks, Federal Savings Associations, and Federal Branches and Agencies; Department and Division Heads; All Examining Personnel; and Other Interested Parties Description: Key Data Fields for Full and Partial Reporters Summary The Office of the Comptroller…
Comptroller of the Currency Supports FSOC’s Proposal for an Activities-Based Approach to Identify Potential Market-wide Risks
March 7, 2019 / Source: OCC
NR 2019-24 FOR IMMEDIATE RELEASE March 6, 2019 Contact: Bryan Hubbard (202) 649-6870 Comptroller of the Currency Supports FSOC’s Proposal for an Activities-Based Approach to Identify Potential Market-wide Risks WASHINGTON—Comptroller of the Currency Joseph Otting today issued the following statement supporting the Financial Stability Oversight Council’s (FSOC) decision to propose an activities-based approach for identifying…
Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Alabama Affected by Severe Storms, Straight-line Winds, and Tornadoes
March 7, 2019 / Source: FDIC
Financial Institution Letters FIL-11-2019 March 7, 2019 Regulatory Relief Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Alabama Affected by Severe Storms, Straight-line Winds, and Tornadoes Printable Format: FIL-11-2019 – PDF (PDF Help) Summary: The FDIC has announced a series of steps intended to provide regulatory relief to financial institutions and facilitate recovery…
Federal Reserve Board issues advance notice of proposed rulemaking seeking public comment on whether to amend Regulation D to lower certain interest rates paid on balances at Federal Reserve Banks
March 6, 2019 / Source: FRB
Press Release March 06, 2019 Federal Reserve Board issues advance notice of proposed rulemaking seeking public comment on whether to amend Regulation D to lower certain interest rates paid on balances at Federal Reserve Banks For release at 12:00 p.m. EST Share The Federal Reserve Board on Wednesday invited public comment on whether it should…
FDIC’s Subcommittee on Supervision Modernization for the Advisory Committee on Community Banking Holds its Inaugural Meeting
March 6, 2019 / Source: FDIC
Press Releases FDIC's Subcommittee on Supervision Modernization for the Advisory Committee on Community Banking Holds its Inaugural Meeting FOR IMMEDIATE RELEASE March 6, 2019 Media contact: David Barr (202) 898-6992 [email protected] The inaugural meeting of the Federal Deposit Insurance Corporation's (FDIC) Subcommittee on Supervision Modernization took place in Washington, D.C. yesterday and today. The subcommittee…
Back2Basics: Red Flags Webinar is Now Available!
March 6, 2019 / Source:
Back2Basics: Red Flags Webinar is Now Available! It can be found under “News & Events” “Past Events” “Past Webinars.” View Webinar Here
March 2019 List of Banks Examined for CRA Compliance
March 5, 2019 / Source: FDIC
Press Releases FDIC Issues List of Banks Examined for CRA Compliance FOR IMMEDIATE RELEASE March 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…
Federal Reserve Board announces termination of enforcement action with Cogent Bancorporation, Inc.
March 5, 2019 / Source: FRB
Press Release March 05, 2019 Federal Reserve Board announces termination of enforcement action with Cogent Bancorporation, Inc. For release at 11:00 a.m. EST Share The Federal Reserve Board on Tuesday announced the termination of the enforcement action listed below: Cogent Bancorporation, Inc., f/k/a Pinnacle Bank Holding Company, Inc., Orange City, Florida Written Agreement dated August…
Counterfeit Official Bank Checks of Bremer Bank, NA, Saint Paul, Minn.
March 4, 2019 / Source: OCC
Alert 2019-1 Subject: Counterfeit Official Bank Checks Date: March 4, 2019 Description: Bremer Bank, NA Counterfeit Official Bank Checks of Bremer Bank, NA, Saint Paul, Minn. 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…
Consumer Financial Protection Bureau Issues Advance Notice of Proposed Rulemaking on Property Assessed Clean Energy Financing
March 4, 2019 / Source: CFPB
Consumer Financial Protection Bureau Issues Advance Notice of Proposed Rulemaking on Property Assessed Clean Energy Financing MAR 04, 2019 SHARE THIS Share on Facebook Share on Twitter Share on LinkedIn Share on email WASHINGTON, D.C. – Today the Consumer Financial Protection Bureau (CFPB) issued an Advance Notice of Proposed Rulemaking (ANPR) on residential Property Assessed Clean Energy (PACE)…
Federal Reserve Board issues enforcement actions with Wintrust Financial Corporation and former employee of OakStar Bank and announces termination of enforcement action with FCB Financial Corporation
February 28, 2019 / Source: FRB
Press Release February 28, 2019 Federal Reserve Board issues enforcement actions with Wintrust Financial Corporation and former employee of OakStar Bank and announces termination of enforcement action with FCB Financial Corporation For release at 11:00 a.m. EST Share The Federal Reserve Board on Thursday announced the execution of the enforcement actions listed below: Wintrust Financial…
FDIC Issues CRA Examination Schedules for Second Quarter 2019 and Third Quarter 2019
February 28, 2019 / Source: FDIC
Press Releases FDIC Issues CRA Examination Schedules for Second Quarter 2019 and Third Quarter 2019 FOR IMMEDIATE RELEASE February 28, 2019 Media contact: Greg Hernandez (202) 898-6984 [email protected] The Federal Deposit Insurance Corporation (FDIC) today issued the lists of institutions scheduled for a Community Reinvestment Act (CRA) examination during the second quarter of 2019 and…
Consumer Financial Protection Bureau Announces System for Prepaid Issuers to Submit Account Agreements
February 27, 2019 / Source: CFPB
Consumer Financial Protection Bureau Announces System for Prepaid Issuers to Submit Account Agreements FEB 27, 2019 SHARE THIS Share on Facebook Share on Twitter Share on LinkedIn Share on email WASHINGTON, D.C. – Today the Consumer Financial Protection Bureau (Bureau) announced a streamlined electronic submission system for prepaid account issuers to submit their account agreements…
OCC Issues Second and Third Quarter 2019 CRA Evaluation Schedule
February 27, 2019 / Source: OCC
NR 2019-22 FOR IMMEDIATE RELEASE February 27, 2019 Contact: William Grassano (202) 649-6870 OCC Issues Second and Third Quarter 2019 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 and third quarters of 2019….
Testimony by Chairman Jerome H. Powell on the Semiannual Monetary Policy Report to the Congress
February 26, 2019 / Source: FRB
Testimony PDF February 26, 2019 Semiannual Monetary Policy Report to the Congress Chairman Jerome H. Powell Before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate, Washington, D.C. Share Watch Live Good morning. Chairman Crapo, Ranking Member Brown, and other members of the Committee, I am happy to present the Federal Reserve's semiannual Monetary…
CFPB Announces Start Small, Save Up Initiative
February 26, 2019 / Source: CFPB
CFPB Announces Start Small, Save Up Initiative FEB 25, 2019 SHARE THIS Share on Facebook Share on Twitter Share on LinkedIn Share on email WASHINGTON, D.C. — Consumer Financial Protection Bureau Director Kathleen L. Kraninger today announced an initiative to help promote the importance of savings among Americans. The Start Small, Save Up initiative offers tips, tools and information…
Volcker Rule: Notice of Proposed Rulemaking
February 25, 2019 / Source: OCC
OCC BULLETIN 2019-9 Subject: Volcker Rule Date: February 25, 2019 To: Chief Executive Officers of All National Banks and Federal Savings Associations; Federal Branches and Agencies of Foreign Banks; Department and Division Heads; All Examining Personnel; and Other Interested Parties Description: Notice of Proposed Rulemaking Summary On February 8, 2019, the Office of the Comptroller of…
Implementation of the Current Expected Credit Losses Standard: Final Rule
February 25, 2019 / Source: OCC
OCC BULLETIN 2019-10 Subject: Implementation of the Current Expected Credit Losses Standard Date: February 25, 2019 To: Chief Executive Officers of All National Banks, Federal Savings Associations, and Federal Branches and Agencies of Foreign Banks; Department and Division Heads; All Examining Personnel; and Other Interested Parties Description: Final Rule Summary On February 14, 2019, the Office…