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Federal Reserve announces plan to develop a new round-the-clock real-time payment and settlement service to support faster payments
August 6, 2019 / Source: FRB
Press Release August 05, 2019 Federal Reserve announces plan to develop a new round-the-clock real-time payment and settlement service to support faster payments For release at 1:30 p.m. EDT Share The Federal Reserve Board on Monday announced that the Federal Reserve Banks will develop a new round-the-clock real-time payment and settlement service, called the FedNow℠…
B2B NACHA Webinar Available This Morning!
August 6, 2019 / Source:
Back2Basics Webinar for August available this morning after 8 AM. Find it by logging into C/A's website as a member. Then go to —> News & Events —> Past Events —> Past Webinars Because of travel schedules, this webinar will be pre-recorded and made available after 8:00 am Central on August 6, 2019. NACHA Rules…
August 2019 FDIC Issues List of Banks Examined for CRA Compliance
August 5, 2019 / Source: FDIC
Press Releases FDIC Issues List of Banks Examined for CRA Compliance FOR IMMEDIATE RELEASE August 5, 2019 Media Contact: LaJuan Williams-Young (202) 898-3876 [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…
Counterfeit Cashier’s Checks of National Bank of Blacksburg, Blacksburg, Va.
August 5, 2019 / Source: OCC
Alert 2019-7 Subject: Counterfeit Cashier's Checks Date: August 5, 2019 Description: National Bank of Blacksburg Counterfeit Cashier’s Checks of National Bank of Blacksburg, Blacksburg, Va. 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…
CFPB Extends Comment Period for Debt Collection Proposal
August 2, 2019 / Source: CFPB
CFPB Extends Comment Period for Debt Collection Proposal AUG 02, 2019 WASHINGTON, D.C. – The Consumer Financial Protection Bureau (Bureau) announced today that it is extending the comment period on its Notice of Proposed Rulemaking (NPRM) implementing the Fair Debt Collection Practices Act (FDCPA). To facilitate the ability of commenters to consider the issues raised in the…
HUD ANNOUNCES AGENCY EFFORTS TO REDUCE RISK FROM CASH-OUT REFINANCE LENDING
August 2, 2019 / Source: FHA
HUD No. 19-114 HUD Public Affairs (202) 708-0685 FOR RELEASE Thursday August 1, 2019 HUD ANNOUNCES AGENCY EFFORTS TO REDUCE RISK FROM CASH-OUT REFINANCE LENDING FHA and Ginnie Mae seek to preserve homeowner equity and, boost investor confidence WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) today announced joint policy actions designed…
OCC Guidelines for Requesting Approval of a Strategic Plan
August 1, 2019 / Source: OCC
OCC BULLETIN 2019-39 Subject: Community Reinvestment Act Date: July 31, 2019 To: Chief Executive Officers and Compliance Officers of National Banks, Federal Savings Associations, and Federal Branches of Foreign Banking Organizations; Department and Division Heads; All Examining Personnel; and Other Interested Parties Description: Guidelines for Requesting Approval of a Strategic Plan Summary The Office of the…
OCC Guidelines for Requesting Designation as a Wholesale, Limited Purpose, or Special Purpose Bank
August 1, 2019 / Source: OCC
OCC BULLETIN 2019-40 Subject: Community Reinvestment Act Date: July 31, 2019 To: Chief Executive Officers and Compliance Officers of All National Banks, Federal Savings Associations, and Federal Branches of Foreign Banking Organizations; Department and Division Heads; All Examining Personnel; and Other Interested Parties Description: Guidelines for Requesting Designation as a Wholesale, Limited Purpose, or Special Purpose…
OCC Consolidates Supervision Support Functions, Announces New Units
July 31, 2019 / Source: OCC
NR 2019-84 FOR IMMEDIATE RELEASE July 31, 2019 Contact: Bryan Hubbard (202) 649-6870 OCC Consolidates Supervision Support Functions, Announces New Units WASHINGTON — The Office of the Comptroller of the Currency today announced realignment of approximately 150 staff members to create two new units, consolidating bank supervision support, risk analysis, and oversight of national trust…
FDIC Annual Publication Examines Potential Credit and Market Risks
July 31, 2019 / Source: FDIC
Press Releases FDIC Annual Publication Examines Potential Credit and Market Risks FOR IMMEDIATE RELEASE July 30, 2019 Media contact: David Barr (202) 898-6992 [email protected] The Federal Deposit Insurance Corporation (FDIC) today published its 2019 Risk Review, an annual publication highlighting emerging risks and exposures in the banking system. The publication will be of particular interest to…
Minnesota Couple Pleads Guilty for Long-Running Fraud Scheme
July 30, 2019 / Source: FDICIG
FOR IMMEDIATE RELEASE Thursday, July 25, 2019 Minnesota Couple Pleads Guilty for Long-Running Fraud Scheme Real Estate Company Pleads Guilty to Fraud Conspiracy Detloff Marketing and Asset Management Inc. (Detloff Marketing), a real estate company based in Hopkins, Minnesota; its owner, Jeffery J. Detloff; and its accountant, Lori K. Detloff, pleaded guilty today in…
Delhi farmer pleads guilty to lying to various business and government entities to steal nearly $17 million
July 30, 2019 / Source: FDICIG
FOR IMMEDIATE RELEASE Tuesday, July 16, 2019 Delhi farmer pleads guilty to lying to various business and government entities to steal nearly $17 million MONROE, La. – A Delhi, Louisiana, farmer pleaded guilty Monday to lying to more than seven financial institutions, insurance providers and government entities in an effort to obtain nearly $17 million illegally,…
Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Missouri Affected by Severe Storms, Tornadoes, and Flooding
July 29, 2019 / Source: FDIC
Financial Institution Letters FIL-44-2019 July 26, 2019 Regulatory Relief Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Missouri Affected by Severe Storms, Tornadoes, and Flooding Printable Format: FIL-44-2019 – PDF (PDF Help) Summary: The FDIC has announced a series of steps intended to provide regulatory relief to financial institutions and facilitate recovery in…
Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Texas Affected by Severe Storms and Flooding
July 29, 2019 / Source: FDIC
Financial Institution Letters FIL-45-2019 July 26, 2019 Regulatory Relief Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Texas Affected by Severe Storms and Flooding Printable Format: FIL-45-2019 – PDF (PDF Help) Summary: The FDIC has announced a series of steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas…
Agencies complete resolution plan evaluations and extend deadline for certain firms
July 29, 2019 / Source: FRB
Joint Press Release July 26, 2019 Agencies complete resolution plan evaluations and extend deadline for certain firms Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation For release at 2:00 p.m. EDT Share The Federal Reserve Board and the Federal Deposit Insurance Corporation today announced several resolution plan actions, including completing their…
FDIC Makes Public June Enforcement Actions; No Administrative Hearings Scheduled for August 2019
July 26, 2019 / Source: FDIC
Press Releases FDIC Makes Public June Enforcement Actions; No Administrative Hearings Scheduled for August 2019 FOR IMMEDIATE RELEASE July 26, 2019 Media contact: LaJuan Williams-Young (202) 898-6876 [email protected] The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in June. There are no administrative…
Consumer Financial Protection Bureau Releases Qualified Mortgage ANPR
July 26, 2019 / Source: CFPB
Consumer Financial Protection Bureau Releases Qualified Mortgage ANPR JUL 25, 2019 Washington, D.C. — The Consumer Financial Protection Bureau (Bureau) today issued an Advance Notice of Proposed Rulemaking (ANPR) seeking information relating to the expiration of the temporary qualified mortgage provision applicable to certain mortgage loans eligible for purchase or guarantee by the Government Sponsored Enterprises…
CFPB and the New York Attorney General Settle with Debt Collection Group
July 25, 2019 / Source: CFPB
CFPB and the New York Attorney General Settle with Debt Collection Group JUL 25, 2019 WASHINGTON, D.C. – The Consumer Financial Protection Bureau (Bureau) and the New York Attorney General today filed proposed settlements with debt collectors Douglas MacKinnon, Northern Resolution Group, LLC, Enhanced Acquisitions, LLC, Delray Capital, LLC, and Mark Gray. The individuals and…
Federal Reserve Board announces termination of enforcement actions with Mesaba Bancshares, Inc. and First National Financial Services, Inc.
July 25, 2019 / Source: FRB
Press Release July 25, 2019 Federal Reserve Board announces termination of enforcement actions with Mesaba Bancshares, Inc. and First National Financial Services, Inc. For release at 11:00 a.m. EDT Share The Federal Reserve Board on Thursday announced the termination of the enforcement actions listed below: Mesaba Bancshares, Inc., Grand Rapids, Minnesota Written Agreement dated August…
FDIC Announces Meeting of Advisory Committee on Community Banking on July 30, 2019
July 24, 2019 / Source: FDIC
Press Releases FDIC Announces Meeting of Advisory Committee on Community Banking FOR IMMEDIATE RELEASE July 24, 2019 Media contact: LaJuan Williams-Young (202) 898-3876 [email protected] The Federal Deposit Insurance Corporation (FDIC) today announced that it will hold a meeting of the Advisory Committee on Community Banking on Tuesday, July 30. FDIC senior staff will provide an…
OCC Issues Consent Order of Prohibition and $50,000 Civil Money Penalty Against Former General Counsel of Rabobank N.A.
July 24, 2019 / Source: OCC
NR 2019-82 FOR IMMEDIATE RELEASE July 23, 2019 Contact: Bryan Hubbard (202) 649-6870 OCC Issues Consent Order of Prohibition and $50,000 Civil Money Penalty Against Former General Counsel of Rabobank N.A. WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced the issuance of a consent order of prohibition and $50,000 civil money penalty…
OCC BULLETINÂ 2019-36: Lending Standards for Asset Dissipation Underwriting
July 23, 2019 / Source: OCC
OCC BULLETIN 2019-36 Subject: Mortgage Lending Date: July 23, 2019 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 Parties Description: Lending Standards for Asset Dissipation Underwriting Summary The Office of the Comptroller of the Currency (OCC) encourages banks1 to…
Agencies release public sections of resolution plans for eight large banks
July 23, 2019 / Source: FRB
Joint Press Release July 23, 2019 Agencies release public sections of resolution plans for eight large banks Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation For release at 12:00 p.m. EDT Share The Federal Reserve Board and the Federal Deposit Insurance Corporation (FDIC) today released the public sections of eight large…
Federal Bank Regulatory Agencies and FinCEN Improve Transparency of Risk-Focused BSA/AML Supervision
July 22, 2019 / Source: OCC
Joint Release Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation Financial Crimes Enforcement Network National Credit Union Administration Office of the Comptroller of the Currency NR 2019-81 FOR IMMEDIATE RELEASE July 22, 2019 Federal Bank Regulatory Agencies and FinCEN Improve Transparency of Risk-Focused BSA/AML Supervision WASHINGTON – As a result of…
CFPB, FTC and States Announce Settlement with Equifax Over 2017 Data Breach
July 22, 2019 / Source: CFPB
CFPB, FTC and States Announce Settlement with Equifax Over 2017 Data Breach JUL 22, 2019 WASHINGTON, D.C. – The Consumer Financial Protection Bureau (Bureau), the Federal Trade Commission (FTC), and 48 states, the District of Columbia and Puerto Rico announced a global settlement today with Equifax that would provide up to $700 million in monetary relief…