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FDIC Board Approves 2019 Operating Budget
December 18, 2018 / Source: FDIC
Press Releases FDIC Board Approves 2019 Operating Budget FOR IMMEDIATE RELEASE December 18, 2018 Media contact: LaJuan Williams- Young (202) 898-3876 [email protected] The Board of Directors of the Federal Deposit Insurance Corporation (FDIC) today approved a $2.04 billion operating budget for 2019, down 2.3 percent from 2018 and 49 percent lower than its peak at…
Capital: Notice of Proposed Rulemaking
December 17, 2018 / Source: OCC
OCC BULLETIN 2018-45 Subject: Capital Date: December 17, 2018 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 December 17, 2018, the Office of the Comptroller of the Currency…
FFIEC HMDA Alert- HMDA Platform available for beta testing
December 17, 2018 / Source: FFIEC
FFIEC HMDA Alert- HMDA Platform available for beta testing The FFIEC is pleased to announce the beta launch of the HMDA Platform for data collected in 2018. The beta release provides financial institutions an opportunity to become familiar with the HMDA Platform and, in particular, determine whether their sample LAR data complies with the reporting…
Former Senior Employee at FDIC Convicted of Embezzling Confidential Documents
December 14, 2018 / Source: FDICIG
PRESS RELEASE FOR IMMEDIATE RELEASE Tuesday, December 11, 2018 Former Senior Employee at FDIC Convicted of Embezzling Confidential Documents Documents Contained Confidential Information of World’s Largest Banks Following six days of trial, a federal jury in Brooklyn returned a guilty verdict today against Allison Aytes on both counts of an indictment charging her with theft…
Financial Well-being of Older Americans Report
December 14, 2018 / Source: CFPB
Consumer education and empowerment Financial Well-being of Older Americans DEC 13, 2018 The report describes the distribution of financial well-being scores for adults ages 62 and older in the United States, and the relationship between financial well-being and age. The report shows that financial well-being generally increases with age, but declines again at later ages….
Federal Reserve Board prohibits former president and CEO and executive vice president of Farmers State Bank from participating in the banking industry
December 13, 2018 / Source: FRB
Press Release December 13, 2018 Federal Reserve Board approves the initiation of an action to prohibit president and CEO and executive vice president of Farmers State Bank from participating in the banking industry For release at 11:00 a.m. EST Share The Federal Reserve Board on Thursday announced the action listed below: Frank Smith, President and…
FILs Banker Teleconference: Regulatory Capital Rule: Capital Simplification for Qualifying Comm…
December 13, 2018 / Source: FDIC
Financial Institution Letters FIL-85-2018 December 12, 2018 Banker Teleconference: Regulatory Capital Rule: Capital Simplification for Qualifying Community Banking Organizations Printable Format: FIL-85-2018 – PDF (PDF Help) Summary: The Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the Currency, and the Board of Governors of the Federal Reserve System (the Agencies) will host an…
OCC Reports Third Quarter 2018 Bank Trading Revenue
December 12, 2018 / Source: OCC
NR 2018-136 FOR IMMEDIATE RELEASE December 12, 2018 Contact: William Grassano (202) 649-6870 OCC Reports Third Quarter 2018 Bank Trading Revenue WASHINGTON — The Office of the Comptroller of the Currency (OCC) reported trading revenue of U.S. commercial banks and federal savings associations of $7.1 billion in the third quarter 2018, which was $0.2 billion,…
OCC Reports Slight Improvement in Mortgage Performance
December 12, 2018 / Source: OCC
NR 2018-135 FOR IMMEDIATE RELEASE December 11, 2018 Contact: Stephanie Collins (202) 649-6870 OCC Reports Slight Improvement in Mortgage Performance 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 2018. The OCC Mortgage Metrics Report, Third…
CFPB Releases Beta Version of 2018 HMDA Data Platform
December 11, 2018 / Source: JDSUPRA
CFPB Releases Beta Version of 2018 HMDA Data Platform WRITTEN BY: Ballard Spahr LLP The CFPB has made available a beta version of its 2018 HMDA data platform. The platform is for the reporting of data collected in 2018 that must be reported in 2019. During the beta period, reporting institutions can test and retest 2018…
BCFP proposes revision to no-action letter policy and creation of new product sandbox
December 11, 2018 / Source: CFPB MONITOR
BCFP proposes revision to no-action letter policy and creation of new product sandbox By Alan S. Kaplinsky & James Kim on December 11, 2018 POSTED IN CFPB GENERAL, CFPB MONITOR The BCFP has issued proposed revisions to its 2016 final policy on issuing “no-action” letters (NAL), together with a proposal to create a new “BCFP Product Sandbox.” Comments will be due no later…
National Flood Insurance Program: Reauthorization
December 10, 2018 / Source: NFIP
National Flood Insurance Program: Reauthorization This page provides information related to reauthorization of the National Flood Insurance Program (NFIP) to inform NFIP policyholders, industry partners, government officials, and other stakeholders. Congress must periodically renew the NFIP’s statutory authority to operate. On Dec 7, 2018, the President signed legislation passed by Congress that extends the National…
FHFA Issues 2017 Report to Congress on Guarantee Fees
December 10, 2018 / Source: FHFA
News Release FHFA Issues 2017 Report to Congress on Guarantee Fees FOR IMMEDIATE RELEASE 12/10/2018 Washington, D.C. – The Federal Housing Finance Agency (FHFA) today released its annual report on single-family guarantee fees charged by Fannie Mae and Freddie Mac (the Enterprises). The Housing and Economic Recovery Act of 2008 requires FHFA to conduct an ongoing…
FDIC Updates Affordable Mortgage Lending Guide Information on Federal Agencies and Government Sponsored Enterprises
December 7, 2018 / Source: FDIC
Financial Institution Letters FIL-84-2018 December 6, 2018 FDIC Updates Affordable Mortgage Lending Guide Information on Federal Agencies and Government Sponsored Enterprises Printable Format: FIL-84-2018 – PDF (PDF Help) Summary: The FDIC has updated the Affordable Mortgage Lending Guide, Part I: Federal Agencies and Government Sponsored Enterprises to reflect the most up-to-date information available about the mortgage products offered through federal…
2018 Financial Literacy Annual Report
December 7, 2018 / Source: CFPB
To Congress 2018 Financial Literacy Annual Report DEC 07, 2018 Financial education is a core component of the Bureau’s mission under the Dodd-Frank Act. Accordingly, the Bureau focuses its efforts on a broad range of financial literacy and capability areas within its statutory mandate and relevant to consumers’ financial lives. This report provides an update…
FDIC Announces Actions to Promote a More Transparent, Streamlined, and Accountable Deposit Insurance Application Process
December 6, 2018 / Source: FDIC
Press Releases FDIC Announces Actions to Promote a More Transparent, Streamlined, and Accountable Deposit Insurance Application Process FOR IMMEDIATE RELEASE December 6, 2018 Media contact: David Barr (202) 898-6992 [email protected] The Federal Deposit Insurance Corporation (FDIC) is announcing multiple initiatives and resources related to the deposit insurance application process for organizers of new, or de novo,…
FDIC Issues an Update to its Publication Entitled Applying for Deposit Insurance – A Handbook for Organizers of De Novo Institutions, Finalizes its Deposit Insurance Applications Procedures Manual,
December 6, 2018 / Source: FDIC
Financial Institution Letters FIL-83-2018 December 6, 2018 FDIC Issues an Update to its Publication Entitled Applying for Deposit Insurance – A Handbook for Organizers of De Novo Institutions, Finalizes its Deposit Insurance Applications Procedures Manual, and Establishes a Designated Applications Mailbox Printable Format: FIL-83-2018 – PDF (PDF Help) Summary: The FDIC issued an update to its publication…
Review Process for Draft Deposit Insurance Proposals
December 6, 2018 / Source: FDIC
Financial Institution Letters FIL-82-2018 December 6, 2018 Review Process for Draft Deposit Insurance Proposals Printable Format: FIL-82-2018 – PDF (PDF Help) Summary: The FDIC is establishing a process to allow prospective organizers the option to request FDIC review of a draft deposit insurance proposal prior to filing an official application. The FDIC will review draft proposals…
FDIC Re-Issues its Processing Timeframe Guidelines for Applications, Notices, and Other Requests
December 6, 2018 / Source: FDIC
Financial Institution Letters FIL-81-2018 December 6, 2018 FDIC Re-Issues its Processing Timeframe Guidelines for Applications, Notices, and Other Requests Printable Format: FIL-81-2018 – PDF (PDF Help) Summary: The FDIC is re-publishing its timeframe guidelines for processing applications, notices, requests, and other filings (collectively, “filings”) submitted on behalf of existing and proposed institutions and other parties. Statement…
Back2Basics: Finance Charges Webinar is Now Available!
December 6, 2018 / Source:
Back2Basics – Finance Charges Webinar is Now Available! It can be found under “News & Events” “Past Events” “Past Webinars.” View Webinar Here
Promoting fair, equitable, and nondiscriminatory access to credit: 2017 Fair Lending Report
December 5, 2018 / Source: CFPB
Promoting fair, equitable, and nondiscriminatory access to credit: 2017 Fair Lending Report By Patrice Ficklin – DEC 04, 2018. Access to credit is a key to economic mobility and prosperity for consumers and small businesses alike. Our annual Fair Lending Report to Congress highlights how in 2017 we continued to focus on promoting fair, equitable, and nondiscriminatory access to credit…
OCC Releases CRA Evaluations for 28 National Banks and Federal Savings Associations
December 5, 2018 / Source: OCC
NR 2018-134 FOR IMMEDIATE RELEASE December 4, 2018 Contact: (202) 649-6870 OCC Releases CRA Evaluations for 28 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 November 1, 2018…
Federal Deposit Insurance Corporation (FDIC) Issues List of Banks Examined for CRA Compliance
December 4, 2018 / Source: FDIC
Press Releases FDIC Issues List of Banks Examined for CRA Compliance FOR IMMEDIATE RELEASE December 4, 2018 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…
Agencies seek public comment on proposal to raise appraisal exemption threshold for residential real estate transactions
December 4, 2018 / Source: FRB
Joint Press Release December 04, 2018 Agencies seek public comment on proposal to raise appraisal exemption threshold for residential real estate transactions Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation Office of the Comptroller of the Currency For release at 1:00 p.m. EST The three federal banking agencies announced they are…
OCC Report Discusses Key Risks for Federal Banking System (Fall 2018)
December 4, 2018 / Source: OCC
NR 2018-131 FOR IMMEDIATE RELEASE December 3, 2018 Contact: Bryan Hubbard (202) 649-6870 OCC Report Discusses Key Risks for Federal Banking System WASHINGTON — The Office of the Comptroller of the Currency (OCC) today reported credit, operational, compliance, and interest rate risks are key themes for the federal banking system in its Semiannual Risk Perspective for…