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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…
Agencies Issue a Joint Statement on Innovative Industry Approaches
December 3, 2018 / Source: OCC
NR 2018-130 FOR IMMEDIATE RELEASE December 3, 2018 Contact: Bryan Hubbard (202) 649-6870 Agencies Issue a Joint Statement on Innovative Industry Approaches WASHINGTON — The Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Financial Crimes Enforcement Network (FinCEN), and the…
FDIC Issues CRA Examination Schedules for First Quarter 2019 and Second Quarter 2019
December 3, 2018 / Source: FDIC
Press Releases FDIC Issues CRA Examination Schedules for First Quarter 2019 and Second Quarter 2019 FOR IMMEDIATE RELEASE November 30, 2018 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 first quarter of 2019 and…
FDIC Makes Public October 2018 Enforcement Actions
December 3, 2018 / Source: FDIC
Press Releases FDIC Makes Public October Enforcement Actions; No Administrative Hearings Scheduled for December 2018 FOR IMMEDIATE RELEASE November 30, 2018 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 October. There are no administrative…
OCC Reduces Assessments for Regulated Banks and Savings Associations
December 3, 2018 / Source: OCC
NR 2018-129 FOR IMMEDIATE RELEASE November 30, 2018 Contact: Bryan Hubbard (202) 649-6870 OCC Reduces Assessments for Regulated Banks and Savings Associations WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced it will reduce assessments on national banks, federal savings associations, and federal branches and agencies of foreign banks for 2019. The change—which…
Federal Reserve Board releases results of survey of senior financial officers at banks regarding their reserve balance management strategies and practices
November 29, 2018 / Source: FRB
November 29, 2018 Federal Reserve Board releases results of survey of senior financial officers at banks regarding their reserve balance management strategies and practices For release at 2:00 p.m. EST Share The Federal Reserve Board on Thursday released results of a survey of senior financial officers at banks regarding their reserve balance management strategies and…
Senior Deputy Comptroller Discusses Compliance with the Bank Secrecy Act
November 29, 2018 / Source: OCC
NR 2018-127 FOR IMMEDIATE RELEASE November 29, 2018 Contact: Bryan Hubbard (202) 649-6870 Senior Deputy Comptroller Discusses Compliance with the Bank Secrecy Act WASHINGTON—Senior Deputy Comptroller for Compliance and Community Affairs Grovetta N. Gardineer today discussed initiatives to reform and modernize the Bank Secrecy Act (BSA)/Anti-Money Laundering (AML) regulatory and supervisory regime. Her comments came…
OCC Issues First and Second Quarter 2019 CRA Evaluation Schedule
November 29, 2018 / Source: OCC
NR 2018-128 FOR IMMEDIATE RELEASE November 29, 2018 Contact: Bryan Hubbard (202) 649-6870 OCC Issues First and Second 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 first and second quarters of 2019….
Federal Reserve Board issues enforcement action with MyBank
November 28, 2018 / Source: FRB
Press Release November 28, 2018 Federal Reserve Board issues enforcement action with MyBank For release at 2:00 p.m. EST The Federal Reserve Board on Wednesday announced the execution of the enforcement action listed below: MyBank, Belen, New Mexico Order of Assessment of a Civil Money Penalty, dated November 26, 2018 Search of Federal Reserve enforcement…