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Simplifications to the Capital Rule; Effective Date: Final Rule
November 13, 2019 / Source: OCC
OCC Bulletin 2019-54| November 13, 2019 Simplifications to the Capital Rule; Effective Date: Final Rule SHARE THIS PAGE: To Chief Executive Officers of All National Banks and Federal Savings Associations, Department and Division Heads, All Examining Personnel, and Other Interested Parties Summary The Office of the Comptroller of the Currency, the Board of Governors of the Federal…
Federal Reserve Board invites public comment on proposal to extend by 18 months initial compliance dates for foreign banks subject to its single-counterparty credit limit rule
November 12, 2019 / Source: FRB
Press Release November 08, 2019 Federal Reserve Board invites public comment on proposal to extend by 18 months initial compliance dates for foreign banks subject to its single-counterparty credit limit rule For release at 3:00 p.m. EST Share The Federal Reserve Board on Friday invited public comment on a proposal to extend by 18 months…
Delhi Farmer Sentenced for Lying to Various Business and Government Entities to Steal Nearly $18 Million
November 12, 2019 / Source: FDICOIG
PRESS RELEASE FOR IMMEDIATE RELEASE Thursday, November 7, 2019 Delhi Farmer Sentenced for Lying to Various Business and Government Entities to Steal Nearly $18 Million MONROE, La. – A Delhi, Louisiana, farmer was sentenced today to 10 years in federal prison followed by three years of supervised release, for lying to more than seven financial institutions,…
FinCEN Reissues Real Estate Geographic Targeting Orders for 12 Metropolitan Areas
November 8, 2019 / Source: FinCEN
FinCEN Reissues Real Estate Geographic Targeting Orders for 12 Metropolitan Areas Contact Steve Hudak, 703-905-3770 Immediate Release November 08, 2019 WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) today announced the renewal of its Geographic Targeting Orders (GTOs) that require U.S. title insurance companies to identify the natural persons behind shell companies used in all-cash purchases…
FIL: Banker Webinar: Community Bank Leverage Ratio Framework
November 8, 2019 / Source: FDIC
Financial Institution Letters FIL-70-2019 November 8, 2019 Banker Webinar: Community Bank Leverage Ratio Framework Printable Format: FIL-70-2019 – PDF (PDF Help) Summary: The FDIC, the Office of the Comptroller of the Currency (OCC), and the Board of Governors of the Federal Reserve System (FRB) will host an interagency webinar on November 21, 2019, from 2:00 p.m….
Kevin Greenfield Named Deputy Comptroller for Operational Risk
November 7, 2019 / Source: OCC
News Release 2019-131 | November 7, 2019 Kevin Greenfield Named Deputy Comptroller for Operational Risk SHARE THIS PAGE: · WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced Kevin Greenfield would become the agency’s Deputy Comptroller for Operational Risk. In this role, Mr. Greenfield will oversee development of policy and examination procedures addressing operational risk,…
FDIC Announces Settlement with HomeStreet Bank in Seattle for Violations of the Real Estate Settlement Procedures Act
November 7, 2019 / Source: FDIC
Press Releases FDIC Announces Settlement with HomeStreet Bank in Seattle for Violations of the Real Estate Settlement Procedures Act FOR IMMEDIATE RELEASE November 6, 2019 Media contact: Brian Sullivan (202) 898-6534 [email protected] The Federal Deposit Insurance Corporation (FDIC) today announced a settlement with HomeStreet Bank, Seattle, Washington, for violations of the Real Estate Settlement Procedures…
FIL: Proposed Regulatory Reporting Revisions
November 6, 2019 / Source: FDIC
Financial Institution Letters FIL-69-2019 November 6, 2019 Proposed Regulatory Reporting Revisions Printable Format: FIL-69-2019 – PDF (PDF Help) Summary: The banking agencies, under the auspices of the Federal Financial Institutions Examination Council (FFIEC), have issued the attached Federal Register notice requesting comment on proposed capital-related reporting changes and other reporting revisions. These proposed changes and revisions apply to the…
Nacha’s Payments Innovation Alliance and the U.S. Faster Payments Council Launch the Faster Payments Playbook
November 6, 2019 / Source: NACHA
Nacha’s Payments Innovation Alliance and the U.S. Faster Payments Council Launch the Faster Payments Playbook POSTED ON November 05, 2019 The inaugural version of the online educational and decisioning platform is designed to help banks and credit unions develop a faster payments strategy MIAMI, Nov. 5, 2019 – Today, Nacha and its Payments…
November 5, 2019: FDIC Issues List of Banks Examined for CRA Compliance
November 5, 2019 / Source: FDIC
Press Releases FDIC Issues List of Banks Examined for CRA Compliance FOR IMMEDIATE RELEASE November 5, 2019 Media Contact: LaJuan Williams-Young (202) 898-6876 [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 Official Checks: Counterfeit Official Checks and Fictitious Cashier’s Checks of First Federal Savings Bank, Ottawa, Ill.
November 5, 2019 / Source: OCC
Alert 2019-9| November 4, 2019 Counterfeit Official Checks: Counterfeit Official Checks and Fictitious Cashier’s Checks of First Federal Savings Bank, Ottawa, Ill. SHARE THIS PAGE: · 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…
Industrial Bank Assumes All of the Deposits of City National Bank of New Jersey
November 4, 2019 / Source: FDIC
Press Releases Industrial Bank Assumes All of the Deposits of City National Bank of New Jersey FOR IMMEDIATE RELEASE November 1, 2019 FDIC Customer Service Call Center Toll Free – 1-877-367-2719 WASHINGTON — City National Bank of New Jersey (“City National”) in Newark was closed today by the Office of the Comptroller of the Currency, which…
News Release 2019-129: OCC Releases CRA Evaluations for 37 National Banks and Federal Savings Associations
November 4, 2019 / Source: OCC
News Release 2019-129 | November 1, 2019 OCC Releases CRA Evaluations for 37 National Banks and Federal Savings Associations SHARE THIS PAGE: · 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 October 1, 2019 through October 31, 2019….
OCC Issues Final Rule to Change Applicability Thresholds for Regulatory Capital and Liquidity Requirements
November 1, 2019 / Source: OCC
News Release 2019-128 | November 1, 2019 OCC Issues Final Rule to Change Applicability Thresholds for Regulatory Capital and Liquidity Requirements SHARE THIS PAGE: · WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced a final rule to tailor capital and liquidity requirements for certain banking organizations with more than $100 billion in total consolidated…
Outcome Health Agrees to Pay $70 Million to Resolve Fraud Investigation
November 1, 2019 / Source: FDICOIG
FOR IMMEDIATE RELEASE Wednesday, October 30, 2019 Outcome Health Agrees to Pay $70 Million to Resolve Fraud Investigation ContextMedia Health LLC, which operates under the trade name Outcome Health (Outcome), a digital provider of medical information and advertising in doctors’ offices, has agreed to a resolution with the Department of Justice by which it will…
OCT 31, 2019: Agencies Announce Dollar Thresholds in Regulations Z and M for Exempt Consumer Credit and Lease Transactions
October 31, 2019 / Source: CFPB
Agencies Announce Dollar Thresholds in Regulations Z and M for Exempt Consumer Credit and Lease Transactions OCT 31, 2019 WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) and Federal Reserve Board today announced the dollar thresholds in Regulation Z (Truth in Lending) and Regulation M (Consumer Leasing) that will apply for determining exempt consumer…
OCT 31, 2019: Agencies Announce Threshold for Smaller Loan Exemption from Appraisal Requirements for Higher-Priced Mortgage Loans
October 31, 2019 / Source: CFPB
Agencies Announce Threshold for Smaller Loan Exemption from Appraisal Requirements for Higher-Priced Mortgage Loans OCT 31, 2019 WASHINGTON, D.C. – The Consumer Financial Protection Bureau, Federal Reserve Board, and Office of the Comptroller of the Currency today announced that the threshold for exempting loans from special appraisal requirements for higher-priced mortgage loans during 2020 will increase…
October 30, 2019: Federal Reserve issues FOMC statement
October 30, 2019 / Source: FRB
Press Release PDF October 30, 2019 Federal Reserve issues FOMC statement For release at 2:00 p.m. EDT Share Information received since the Federal Open Market Committee met in September indicates that the labor market remains strong and that economic activity has been rising at a moderate rate. Job gains have been solid, on average,…
Consolidated Reports of Condition and Income: Request for Comment on Reporting Data on Loans to Small Businesses and Small Farms in the Call Report
October 30, 2019 / Source: OCC
OCC Bulletin 2019-51| October 29, 2019 Consolidated Reports of Condition and Income: Request for Comment on Reporting Data on Loans to Small Businesses and Small Farms in the Call Report SHARE THIS PAGE: · To Chief Executive Officers of All National Banks, Federal Savings Associations, and Federal Branches and Agencies of Foreign Banks; Department and Division Heads;…
Federal Bank Regulatory Agencies Issue Final Rule to Simplify Capital Calculation for Community Banks
October 29, 2019 / Source: FDIC
Press Releases Joint Release Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation Office of the Comptroller of the Currency For release at 11:00 a.m. EDT October 29, 2019 Federal Bank Regulatory Agencies Issue Final Rule to Simplify Capital Calculation for Community Banks WASHINGTON— Federal bank regulatory agencies finalized a rule that…
Agencies Finalize Changes to Resolution Plan Requirements; Keeps Requirements for Largest Firms and Reduces Requirements for Smaller Firms
October 29, 2019 / Source: FDIC
Press Releases Joint Release Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation For release at 4:30 p.m. EDT October 28, 2019 Agencies Finalize Changes to Resolution Plan Requirements; Keeps Requirements for Largest Firms and Reduces Requirements for Smaller Firms The Federal Reserve Board and the Federal Deposit Insurance Corporation on Monday…
Agencies Propose Rule to Amend the Swap Margin Rule
October 29, 2019 / Source: FDIC
Press Releases Joint Release Board of Governors of the Federal Reserve System Farm Credit Administration Federal Deposit Insurance Corporation Federal Housing Finance Agency Office of the Comptroller of the Currency For release at 3:00 p.m. ET October 28, 2019 Agencies Propose Rule to Amend the Swap Margin Rule Five federal agencies today announced a proposal…
Kentucky Farmers Bank Corporation Assumes All of the Deposits of Louisa Community Bank
October 28, 2019 / Source: FDIC
Press Releases Kentucky Farmers Bank Corporation Assumes All of the Deposits of Louisa Community Bank FOR IMMEDIATE RELEASE October 25, 2019 FDIC Customer Service Call Center Toll Free – 1-877-755-6665 WASHINGTON – Louisa Community Bank in Louisa, Ky., was closed today by the Kentucky Department of Financial Institutions, which appointed the Federal Deposit Insurance Corporation (FDIC)…
Buckeye State Bank Assumes All of the Deposits of Resolute Bank
October 28, 2019 / Source: FDIC
Press Releases Buckeye State Bank Assumes All of the Deposits of Resolute Bank FOR IMMEDIATE RELEASE October 25, 2019 FDIC Customer Service Call Center Toll Free – 1-866-806-6128 WASHINGTON — Resolute Bank in Maumee, Ohio, was closed today by the Office of the Comptroller of the Currency, which appointed the Federal Deposit Insurance Corporation (FDIC) as…
October 25, 2019: FDIC Makes Public September Enforcement Actions
October 25, 2019 / Source: FDIC
Press Releases FDIC Makes Public September Enforcement Actions; No Administrative Hearings Scheduled for November 2019 FOR IMMEDIATE RELEASE October 25, 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 September. There are no administrative…