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OCC Reports Mortgage Performance Unchanged
June 20, 2018 / Source: OCC
NR 2018-65 FOR IMMEDIATE RELEASE June 19, 2018 Contact: Stephanie Collins (202) 649-6870 OCC Reports Mortgage Performance Unchanged WASHINGTON—Performance of first-lien mortgages remained unchanged during the first quarter of 2018 compared with a year earlier, according to the Office of the Comptroller of the Currency’s (OCC) quarterly report on mortgages. The OCC Mortgage Metrics Report, First…
Sydney Menefee Named Deputy Comptroller and Chief Accountant
June 19, 2018 / Source: OCC
NR 2018-64 FOR IMMEDIATE RELEASE June 18, 2018 Contact: Bryan Hubbard (202) 649-6870 Sydney Menefee Named Deputy Comptroller and Chief Accountant WASHINGTON— The Office of the Comptroller of the Currency (OCC) today announced the selection of Sydney Menefee to be the agency’s next Deputy Comptroller and Chief Accountant. In this role, Ms. Menefee will lead…
Fannie Mae Releases June 2018 Economic and Housing Outlook
June 19, 2018 / Source: Fannie Mae
June 18, 2018 Forecast Unchanged but Trade Tensions Flare and the Fed Tightens Matthew Classick 202-752-3662 WASHINGTON, DC – Despite a slowdown in the first quarter, economic growth is forecasted to pick up through the remainder of 2018, resulting in full-year real GDP growth of 2.7 percent, according to the Fannie Mae Economic and Strategic…
OCC Enforcement Actions and Terminations for June 2018
June 18, 2018 / Source: OCC
NR 2018-63 FOR IMMEDIATE RELEASE June 15, 2018 Contact: (202) 649-6870 OCC Enforcement Actions and Terminations for June 2018 WASHINGTON — The Office of the Comptroller of the Currency (OCC) today released new enforcement actions taken against national banks, federal savings associations, and individuals currently and formerly affiliated with national banks and federal savings associations….
Agencies issue host state loan-to-deposit ratios
June 18, 2018 / Source: FRB
Joint Press Release June 15, 2018 Agencies issue host state loan-to-deposit ratios Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation Office of the Comptroller of the Currency For immediate release WASHINGTON–The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of…
June Compliance Huddle is Now Available!
June 15, 2018 / Source:
June Compliance Huddle is now available to view. A monthly, peer-to-peer forum that is driven by the topics and issues that attendees wish to talk about and explore. June Compliance Huddle is Now Available!
Rule to prevent concentrations of risk between large banking organizations and their counterparties
June 15, 2018 / Source: FRB
Press Release June 14, 2018 Federal Reserve Board approves rule to prevent concentrations of risk between large banking organizations and their counterparties from undermining financial stability For immediate release The Federal Reserve Board on Thursday approved a rule to prevent concentrations of risk between large banking organizations and their counterparties from undermining financial stability. As…
Federal Reserve Board announces approval of application by Ameris Bancorp
June 15, 2018 / Source: FRB
Press Release June 13, 2018 Federal Reserve Board announces approval of application by Ameris Bancorp For release at 5:00 p.m. EDT The Federal Reserve Board on Wednesday announced its approval of the application under section 3 of the Bank Holding Company Act of 1956 by Ameris Bancorp, Moultrie, Georgia, to acquire Hamilton State Bancshares, Inc….
Comptroller of the Currency Testifies on his Priorities
June 14, 2018 / Source: OCC
NR 2018-60 FOR IMMEDIATE RELEASE June 13, 2018 Contact: Bryan Hubbard (202) 649-6870 Comptroller of the Currency Testifies on his Priorities WASHINGTON—Comptroller of the Currency Joseph M. Otting today discussed his priorities for the agency and the federal banking system during testimony before the House Financial Services Committee. The Comptroller’s testimony highlighted agency efforts to…
Federal Reserve issues FOMC statement
June 14, 2018 / Source: FRB
Press Release PDF June 13, 2018 Federal Reserve issues FOMC statement For release at 2:00 p.m. EDT Information received since the Federal Open Market Committee met in May 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,…
FinCEN Issues Advisory on Human Rights Abuses Enabled by Corrupt Senior Foreign Political Figures…
June 13, 2018 / Source: FinCEN
FinCEN Issues Advisory on Human Rights Abuses Enabled by Corrupt Senior Foreign Political Figures and Their Financial Facilitators Contact: Steve Hudak, 703-905-3770 Immediate Release: June 12, 2018 WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) issued an advisory today to U.S. financial institutions to highlight the connection between corrupt senior foreign political figures and their enabling of human rights abuses….
Interagency Notification of Formal Enforcement Actions: Interagency Policy Statement
June 13, 2018 / Source: OCC
OCC BULLETIN 2018-16 Subject: Interagency Notification of Formal Enforcement Actions Date: June 12, 2018 To: Chief Executive Officers of All National Banks and Federal Savings Associations, Department and Division Heads, All Examining Personnel, and Other Interested Parties Description: Interagency Policy Statement Summary The Federal Financial Institutions Examination Council today rescinded its revised policy statement on “Interagency…
Federal Reserve Board issues enforcement action and announces termination of enforcement action
June 13, 2018 / Source: FRB
Press Release June 12, 2018 Federal Reserve Board issues enforcement action with Ashley Burrus and announces termination of enforcement action with Patterson Bankshares, Inc. For release at 11:00 a.m. EDT The Federal Reserve Board on Tuesday announced the execution of the enforcement action listed below: Consent prohibition of Ashley Burrus, former Financial Services Specialist of…
Former Charity Executive Pleads Guilty to Bribery and Embezzlement Scheme
June 12, 2018 / Source: FDICIG
PRESS RELEASE FOR IMMEDIATE RELEASE Thursday, June 7, 2018 Former Charity Executive Pleads Guilty to Bribery and Embezzlement Scheme SPRINGFIELD, Mo. – A former executive of a Springfield, Missouri charity, who was also an Arkansas lobbyist, pleaded guilty in federal court today to bribing Arkansas elected officials in a multi-million-dollar scheme, and then along with…
USAA Sues Wells Fargo Over RDC Technology
June 12, 2018 / Source: PYMNTS,com
USAA Sues Wells Fargo Over RDC Technology USAA, the insurance company and bank serving current and former military members and their families, filed a federal lawsuit against Wells Fargo Bank over its use of USAA’s RDC technology. According to Digital Transactions News, the lawsuit, filed in U.S. District Court in Marshall, Texas, accuses Wells Fargo of infringing on…
Former President and CEO of Coastal Bank & Trust Sentenced for Bank Fraud Conspiracy and Obstruction
June 11, 2018 / Source: FDICIG
PRESS RELEASE FOR IMMEDIATE RELEASE Tuesday, June 5, 2018 Former President and CEO of Coastal Bank & Trust Sentenced for Bank Fraud Conspiracy and Obstruction NEW BERN –The United States Attorney for the Eastern District of North Carolina, Robert J. Higdon, Jr., announced that today, United States District Judge Louise W. Flanagan sentenced ROBERT LEVIE NORRIS, JR.,…
Quarterly consumer credit trends: End-of-year credit card borrowing
June 11, 2018 / Source: CFPB
Industry and markets Quarterly consumer credit trends: End-of-year credit card borrowing JUN 07, 2018 This is part of a series of quarterly reports of consumer credit trends produced by the Bureau of Consumer Financial Protection using a longitudinal, nationally-representative sample of approximately five million de-identified credit records maintained by one of the three nationwide credit…
Back2Basics Reg. O – Extensions of Credit to Bank Insiders Webinar is Now Available!
June 8, 2018 / Source:
Back2Basics Reg. O – Extensions of Credit to Bank Insiders Webinar is now available! It can be found under “News & Events” “Past Events” “Past Webinars.” View Webinar Here
Schedule for results from Dodd-Frank Act stress tests and Comprehensive Capital Analysis and Review
June 8, 2018 / Source: FRB
Press Release June 07, 2018 Federal Reserve Board announces schedule for results from Dodd-Frank Act stress tests and Comprehensive Capital Analysis and Review (CCAR) For release at 4:30 p.m. EDT Results from the latest supervisory stress tests conducted as part of the Dodd-Frank Act will be released on Thursday, June 21, and the results from…
T+2 Securities Transaction Settlement Cycle: Final Rule
June 8, 2018 / Source: OCC
OCC BULLETIN 2018-15 Subject: T+2 Securities Transaction Settlement Cycle Date: June 7, 2018 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: Final Rule Summary The Office of the Comptroller of the Currency (OCC)…
Elkins Woman Sentenced To Over 3 Years In Federal Prison For Theft By Bank Employee
June 7, 2018 / Source: FDICIG
PRESS RELEASE FOR IMMEDIATE RELEASE Wednesday, June 6, 2018 Elkins Woman Sentenced To Over 3 Years In Federal Prison For Theft By Bank Employee Fayetteville, Arkansas –Duane (DAK) Kees, United States Attorney for the Western District of Arkansas, announced that Erica L. Keller, age 39 of Elkins, Arkansas, was sentenced today to 37 months in federal prison…
OCC Issues Third and Fourth Quarter 2018 CRA Evaluation Schedule
June 7, 2018 / Source: OCC
NR 2018-58 FOR IMMEDIATE RELEASE June 6, 2018 Contact: William Grassano (202) 649-6870 OCC Issues Third and Fourth Quarter 2018 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 third and fourth quarters of 2018….
Agencies Ask for Public Comment on Proposal to Simplify and Tailor “Volcker Rule”
June 6, 2018 / Source: OCC
Joint Release Board of Governors of the Federal Reserve System Commodity Futures Trading Commission Federal Deposit Insurance Corporation Office of Comptroller of the Currency Securities and Exchange Commission NR 2018-56 FOR IMMEDIATE RELEASE June 5, 2018 Agencies Ask for Public Comment on Proposal to Simplify and Tailor “Volcker Rule” Five federal financial regulatory agencies on…
FDIC Issues List of Banks Examined for CRA Compliance
June 6, 2018 / Source: FDIC
Press Releases FDIC Issues List of Banks Examined for CRA Compliance FOR IMMEDIATE RELEASE June 5, 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…
FSB launches thematic peer review on bank resolution planning and invites feedback from stakeholders
June 5, 2018 / Source: FSB
FSB launches thematic peer review on bank resolution planning and invites feedback from stakeholders 4 June 2018 Press enquiries: +41 61 280 8138 [email protected] Ref no: 17/2018 The Financial Stability Board (FSB) is seeking feedback from stakeholders as part of its third thematic peer review on resolution regimes, which it has recently launched. The objective…