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OCC Releases Dodd-Frank Act Stress Test Scenarios for 2019
February 6, 2019 / Source: OCC
NR 2019-13 FOR IMMEDIATE RELEASE February 5, 2019 Contact: William Grassano (202) 649-6870 OCC Releases Dodd-Frank Act Stress Test Scenarios for 2019 WASHINGTON—The Office of the Comptroller of the Currency (OCC) released economic and financial market scenarios for use in the upcoming stress tests for covered institutions. The supervisory scenarios include baseline, adverse, and severely…
FDIC Press Release – PR-5-2019: FDIC Issues List of Banks Examined for CRA Compliance
February 5, 2019 / Source: FDIC
Press Releases FDIC Issues List of Banks Examined for CRA Compliance FOR IMMEDIATE RELEASE February 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 issues enforcement action with former chairman of Mariner’s Bancorp
February 5, 2019 / Source: FRB
Press Release February 05, 2019 Federal Reserve Board issues enforcement action with former chairman of Mariner's Bancorp For release at 11:00 a.m. EST Share The Federal Reserve Board on Tuesday announced the execution of the enforcement action listed below: Consent Notice of Suspension and Prohibition against Fred Daibes, former Chairman of Mariner's Bancorp, Edgewater, New…
Voluntary Private Education Loan Rehabilitation Programs
February 4, 2019 / Source: FDIC
Financial Institution Letters FIL-5-2019 February 4, 2019 Voluntary Private Education Loan Rehabilitation Programs Printable Format: FIL-5-2019 – PDF (PDF Help) Summary: The FDIC and the Board of Governors of the Federal Reserve System jointly are providing an advisory on Voluntary Private Education Loan Rehabilitation Programs to make financial institutions aware of an amendment to section 623 of the…
Thresholds Increase for the Major Assets Prohibition of the Depository Institution Management Interlocks Act Rules: Notice of Proposed Rulemaking
February 4, 2019 / Source: OCC
OCC BULLETIN 2019-5 Subject: Thresholds Increase for the Major Assets Prohibition of the Depository Institution Management Interlocks Act Rules Date: February 4, 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: Notice of…
OCC Releases CRA Evaluations for 48 National Banks and Federal Savings Associations
February 1, 2019 / Source: OCC
NR 2019-11 FOR IMMEDIATE RELEASE February 1, 2019 Contact: (202) 649-6870 OCC Releases CRA Evaluations for 48 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 January 1, 2019…
Consumer Financial Protection Bureau Settles with NDG Financial Corp.
February 1, 2019 / Source: CFPB
Consumer Financial Protection Bureau Settles with NDG Financial Corp. Canadian and Maltese-based Payday Lenders Alleged to Have Deceptively and Unfairly Marketed and Collected on Loans, Barred From Lending to U.S. Residents FEB 01, 2019 SHARE THIS Share on Facebook Share on Twitter Share on LinkedIn Share on email Washington, D.C. — The Consumer Financial Protection Bureau…
FILs Banker Webinar: Update on the Standardized Export of Imaged Loan Documents Initiative
January 31, 2019 / Source: FDIC
Financial Institution Letters FIL-4-2019 January 31, 2019 Banker Webinar: Update on the Standardized Export of Imaged Loan Documents Initiative Printable Format: FIL-4-2019 – PDF (PDF Help) Summary: The FDIC is hosting a webinar for financial institutions on February 19, 2019, from 2:00 p.m. to 3:00 p.m. Eastern Time. This webinar will provide an update on the…
OCC Allows National Banks and Federal Savings Associations Affected by Severe Winter Weather to Close
January 31, 2019 / Source: OCC
NR 2019-10 FOR IMMEDIATE RELEASE January 30, 2019 Contact: William Grassano (202) 649-6870 OCC Allows National Banks and Federal Savings Associations Affected by Severe Winter Weather to Close WASHINGTON — The Office of the Comptroller of the Currency (OCC) today issued a proclamation allowing national banks, federal savings associations, and federal branches and agencies of…
January 30, 2019 Federal Reserve issues FOMC statement
January 30, 2019 / Source: FRB
Press Release January 30, 2019 Federal Reserve issues FOMC statement For release at 2:00 p.m. EST Share Information received since the Federal Open Market Committee met in December indicates that the labor market has continued to strengthen and that economic activity has been rising at a solid rate. Job gains have been strong, on average,…
Federal Open Market Committee reaffirms its “Statement on Longer-Run Goals and Monetary Policy Strategy”
January 30, 2019 / Source: FRB
Press Release January 30, 2019 Federal Open Market Committee reaffirms its “Statement on Longer-Run Goals and Monetary Policy Strategy” For release at 2:00 p.m. EST Share The Federal Open Market Committee, at its annual organizational meeting this week, unanimously reaffirmed its “Statement of Longer-Run Goals and Monetary Policy Strategy” with an updated reference to the…
Agencies issue final rules giving FIs more flexibility in flood insurance acceptance
January 29, 2019 / Source: Regulatory Report
Agencies issue final rules giving FIs more flexibility in flood insurance acceptance January 29, 2019 FDIC, NCUA, OCC, The Fed 0 Final rules requiring financial institutions to accept flood insurance policies that meet the statutory definition of “private flood insurance” – and to allow financial institutions to exercise their own discretion in accepting other plans, including those by mutual aid…
Robust ACH Network Growth Continues in Fourth Quarter; Same Day ACH Volume Marks a Milestone
January 29, 2019 / Source: NACHA
Robust ACH Network Growth Continues in Fourth Quarter; Same Day ACH Volume Marks a Milestone POSTED JANUARY 29, 2019 HERNDON, Va., Jan. 29, 2019 – ACH Network volume saw its biggest quarterly growth in more than a decade during the fourth quarter of 2018. Same Day ACH payments also passed a significant milestone. More than…
Federal Reserve Board will host public research conference on its stress testing framework in July
January 28, 2019 / Source: FRB
Press Release January 28, 2019 Federal Reserve Board will host public research conference on its stress testing framework in July For release at 2:00 p.m. EST Share The Federal Reserve Board in July will host a public research conference on its stress testing framework. The conference will bring together academics, regulators, bankers, and other stakeholders…
CFPB Announces Changes to Senior Leadership
January 28, 2019 / Source: CFPB
CFPB Announces Changes to Senior Leadership JAN 25, 2019 SHARE THIS Share on Facebook Share on Twitter Share on LinkedIn Washington, D.C. — Consumer Financial Protection Bureau Director Kathleen L. Kraninger today announced leadership changes within the Bureau. The positions being announced today are: Policy Associate Director for External Affairs; West Regional Director; Acting Chief Communications Officer; Deputy Associate Director…
FDIC Makes Public December 2018 Enforcement Actions
January 25, 2019 / Source: FDIC
Press Releases FDIC Makes Public December Enforcement Actions; No Administrative Hearings Scheduled for February 2019 FOR IMMEDIATE RELEASE January 25, 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 December. There are no administrative…
Shared National Credit review finds some improvement in credit quality, risk remains elevated in leveraged loans
January 25, 2019 / Source: FRB
Joint Press Release January 25, 2019 Shared National Credit review finds some improvement in credit quality, risk remains elevated in leveraged loans Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation Office of Comptroller of the Currency For release at 11:00 a.m. EST Share Federal banking agencies find that risk in the…
HMDA 2019 Webinar is Now Available!
January 25, 2019 / Source:
HMDA 2019 Webinar is now available! Find it by going to —> News & Events —> Past Events —> Past Webinars View Webinar Here
Office of Servicemember Affairs – Annual Report
January 24, 2019 / Source: CFPB
Consumer education and empowerment Office of Servicemember Affairs – Annual Report JAN 24, 2019 The Office of Servicemember Affairs at the Bureau monitors and analyzes complaints from servicemembers, veterans, and their families (collectively referred to as “servicemembers” in this report). Complaints submitted by servicemembers serve as a key initial indicator of emerging issues and continuing…
Federal Reserve Board announces approval of proposals by Equity Bank
January 24, 2019 / Source: FRB
Press Release January 23, 2019 Federal Reserve Board announces approval of proposals by Equity Bank For release at 5:00 p.m. EST Share The Federal Reserve Board on Wednesday announced its approval of the proposals under section 18(c) of the Federal Deposit Insurance Act and section 9 of the Federal Reserve Act by Equity Bank, Andover,…
Consumer Financial Protection Bureau Settles with Broker of High-interest Credit Offers
January 23, 2019 / Source: CFPB
Consumer Financial Protection Bureau Settles with Broker of High-interest Credit Offers Individual Violated Consumer Financial Protection Act in Brokering Credit Offers to Veterans JAN 23, 2019 SHARE THIS Share on Facebook Share on Twitter Share on LinkedIn Share on email Washington, D.C. — The Consumer Financial Protection Bureau (Bureau) today announced a settlement with Mark Corbett,…
FHFA House Price Index Up 0.4 Percent in November
January 23, 2019 / Source: FHFA
News Release FHFA House Price Index Up 0.4 Percent in November FOR IMMEDIATE RELEASE 1/23/2019 Washington, D.C. – U.S. house prices rose in November, up 0.4 percent from the previous month, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI). The previously reported 0.3 percent increase in October was revised…
Federal Reserve Board issues enforcement action with former employee of CFG Community Bank
January 22, 2019 / Source: FRB
Press Release January 22, 2019 Federal Reserve Board issues enforcement action with former employee of CFG Community Bank For release at 11:00 a.m. EST Share The Federal Reserve Board on Tuesday announced the execution of the enforcement action listed below: Consent Order of Prohibition against David Lavine, a former employee of CFG Community Bank, Baltimore,…
Federal Reserve Board’s Industrial Production and Capacity Utilization statistical release marks the 100th anniversary of Board data on industrial production
January 22, 2019 / Source: FRB
Press Release January 18, 2019 Federal Reserve Board’s Industrial Production and Capacity Utilization statistical release marks the 100th anniversary of Board data on industrial production For release at 9:15 a.m. EST Share The publication on Friday of the Federal Reserve Board's monthly statistical release on industrial production and capacity utilization marks the 100th anniversary of…
Consumer Financial Protection Bureau Asks Congress for Clear Authority to Supervise for Compliance with the Military Lending Act
January 18, 2019 / Source: CFPB
Consumer Financial Protection Bureau Asks Congress for Clear Authority to Supervise for Compliance with the Military Lending Act JAN 17, 2019 Washington, D.C. — Consumer Financial Protection Bureau Director Kathleen L. Kraninger today issued the following statement announcing that she has asked Congress to grant the CFPB clear authority to supervise for compliance with the Military…