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Federal Reserve announces results of offering of seven-day term deposits on August 23
August 27, 2018 / Source: FRB
Press Release August 23, 2018 Federal Reserve announces results of offering of seven-day term deposits on August 23 For release at 3:30 p.m. EDT On August 23, 2018, the Federal Reserve conducted a floating-rate offering of term deposits through its Term Deposit Facility. The operation offered seven-day term deposits with the rate set equal to…
FFIEC CRA Alert – CRA Data Entry Software Version 2018 Release 2
August 27, 2018 / Source: FFIEC
FFIEC CRA Alert – CRA Data Entry Software Version 2018 Release 2 The FFIEC CRA website has recently been updated. The 2018 CRA Data Entry Software Release 2 is now available. On behalf of the FFIEC, the Federal Reserve System designed the CRA Data Entry Software to assist respondents in automating the filing of their CRA data. The free…
New TRID Revisions Line by Line Webinar Part 2 is Now Available!
August 24, 2018 / Source:
New TRID Revisions Line by Line Webinar Part 2 is now available! Find it by going to —> News & Events —> Past Events —> Past Webinars View Webinar Here
Interim Rule Regarding the Treatment of Certain Municipal Securities as High-Quality Liquid Assets
August 23, 2018 / Source: FRB
Joint Press Release August 22, 2018 Agencies issue interim final rule regarding the treatment of certain municipal securities as high-quality liquid assets Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation Office of the Comptroller of the Currency For release at 4:00 p.m. EDT WASHINGTON–Three federal banking agencies today issued an interim…
Interim final rules expanding examination cycles for qualifying small banks…
August 23, 2018 / Source: FRB
Joint Press Release August 23, 2018 Agencies issue interim final rules expanding examination cycles for qualifying small banks and U.S. branches and agencies of foreign banks Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation Office of the Comptroller of the Currency For release at 3:00 p.m. EDT WASHINGTON–Federal banking agencies today…
Modifications to the Statement of Policy for Section 19 of the Federal Deposit Insurance Act
August 22, 2018 / Source: FDIC
Financial Institution Letters FIL-42-2018 August 20, 2018 Modifications to the Statement of Policy for Section 19 of the Federal Deposit Insurance Act Printable Format: FIL-42-2018 – PDF (PDF Help) Summary: The FDIC has issued modifications to its Statement of Policy (SOP) for Section 19 of the Federal Deposit Insurance (FDI) Act. Section 19 prohibits, without the prior…
Sentencing Hearing Scheduled for Kankakee County Man Guilty of Bank Fraud
August 22, 2018 / Source: FDICIG
PRESS RELEASE FOR IMMEDIATE RELEASE Wednesday, August 15, 2018 Sentencing Hearing Scheduled for Kankakee County Man Guilty of Bank Fraud Related to Construction Loans PEORIA, Ill. – Sentencing is scheduled on Dec. 6, 2018, for Daniel Ballard, 59, of Bourbonnais, Ill., for bank fraud related to construction loans. Ballard entered pleas of guilty to three…
OCC Enforcement Actions and Terminations for August 2018
August 20, 2018 / Source: OCC
NR 2018-80 FOR IMMEDIATE RELEASE August 17, 2018 Contact: (202) 649-6870 OCC Enforcement Actions and Terminations for August 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….
Former president and CEO of NBRS Financial prohibited from participating in the banking industry
August 20, 2018 / Source: FRB
Press Release August 17, 2018 Federal Reserve Board prohibits former president and CEO of NBRS Financial from participating in the banking industry For release at 10:00 a.m. EDT The Federal Reserve Board on Friday announced it is prohibiting Jacob H. Goldstein, a former president and CEO of NBRS Financial, Rising Sun, Maryland from participating in…
Revisions to Impact of Evidence of Discriminatory or Other Illegal Credit Practices on CRA Ratings
August 17, 2018 / Source: OCC
OCC BULLETIN 2018-23 Subject: Community Reinvestment Act Date: August 15, 2018 To: Chief Executive Officers and Compliance Officers of National Banks, Federal Savings Associations, Federal Branches and Agencies, Department and Division Heads, All Examining Personnel, and Other Interested Parties Description: Revisions to Impact of Evidence of Discriminatory or Other Illegal Credit Practices on Community Reinvestment Act…
Federal Reserve to offer seven-day term deposits on August 23
August 17, 2018 / Source: FRB
Press Release August 16, 2018 Federal Reserve to offer seven-day term deposits on August 23 For release at 10:00 a.m. EDT The Federal Reserve plans to continue its previously announced periodic testing of the Term Deposit Facility (TDF) with one operation in August. These operations are aimed at ensuring the operational readiness of the TDF…
Federal Reserve Board announces termination of enforcement actions
August 17, 2018 / Source: FRB
Press Release August 16, 2018 Federal Reserve Board announces termination of enforcement actions with Flagstar Bancorp, Inc., and Santander Holdings USA, Inc. For release at 11:00 a.m. EDT The Federal Reserve Board on Thursday announced the termination of the enforcement actions listed below: Flagstar Bancorp, Inc., Troy, Michigan Supervisory Agreement, issued by the Office of…
Future Efforts Toward Advancing API Standardization Across the Financial Services Ecosystem
August 15, 2018 / Source: NACHA
API Standardization Industry Group Releases White Paper Outlining Group’s Approach, Progress and Future Efforts Toward Advancing API Standardization Across the Financial Services Ecosystem POSTED AUGUST, 14 2018 HERNDON, Va. — Aug. 15, 2018 — NACHA—The Electronic Payments Association’s API Standardization Industry Group (ASIG) today released a white paper – API Standardization – Shaping the Financial Services Industry –…
Bank Accounting Advisory Series Updated
August 15, 2018 / Source: OCC
NR 2018-78 FOR IMMEDIATE RELEASE August 15, 2018 Contact: Stephanie Collins (202) 649-6870 Bank Accounting Advisory Series Updated WASHINGTON — The Office of the Comptroller of the Currency (OCC) today released an update to the Bank Accounting Advisory Series (BAAS). The BAAS covers a variety of topics and promotes consistent application of accounting standards among…
Federal Reserve Board announces termination of enforcement actions
August 14, 2018 / Source: FRB
Press Release August 14, 2018 Federal Reserve Board announces termination of enforcement actions with HSBC North America Holdings, Inc., Capital Funding Bancorp, Inc. and CFG Community Bank, and CommerceWest Bank For release at 1:15 p.m. EDT The Federal Reserve Board on Tuesday announced the termination of the enforcement actions listed below: HSBC North America Holdings,…
FBI Warns of ‘Unlimited’ ATM Cashout Blitz
August 14, 2018 / Source: KrebsonSecurity
The Federal Bureau of Investigation (FBI) is warning banks that cybercriminals are preparing to carry out a highly choreographed, global fraud scheme known as an “ATM cash-out,” in which crooks hack a bank or payment card processor and use cloned cards at cash machines around the world to fraudulently withdraw millions of dollars in just a few…
Regulation P Updated To Implement Legislation Amending Gramm-Leach-Bliley Act
August 13, 2018 / Source: CFPB
Bureau of Consumer Financial Protection Updates Regulation P To Implement Legislation Amending Gramm-Leach-Bliley Act Changes Will Ease Burden on Financial Institutions and Reduce Risk of Consumer Confusion AUG 10, 2018 WASHINGTON, D.C. – The Bureau of Consumer Financial Protection (Bureau) today finalized amendments to implement legislation that allows financial institutions that meet certain requirements to…
Counterfeit Official Bank Checks of Gate City Bank, Fargo, N.D.
August 13, 2018 / Source: OCC
Alert 2018-10 Subject: Counterfeit Official Bank Checks Date: August 8, 2018 Description: Gate City Bank Counterfeit Official Bank Checks of Gate City Bank, Fargo, N.D. 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…
FRB fines Citigroup
August 13, 2018 / Source: FRB
Press Release August 10, 2018 Federal Reserve Board fines Citigroup $8.6 million for the improper execution of residential mortgage-related documents and announces termination of 2011 enforcement action For release at 11:00 a.m. EDT The Federal Reserve Board on Friday announced an $8.6 million fine against Citigroup for the improper execution of residential mortgage-related documents. The…
August Compliance Huddle is Now Available!
August 10, 2018 / Source:
August 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. August Compliance Huddle is Now Available!
Extension of Limited Exception from Beneficial Ownership Requirements
August 8, 2018 / Source: FinCEN
Extension of Limited Exception from Beneficial Ownership Requirements for Legal Entity Customers of Certain Financial Products and Services with Rollovers and Renewals Extension_Temp_Exceptive_Relief.pdf65.29 KB Immediate Release August 08, 2018 On May 16, 2018, the Financial Crimes Enforcement Network (FinCEN) issued a 90-day limited exceptive relief to covered financial institutions from the obligations of the Beneficial…
Back2Basics: Reg. Z – Home Equity Webinar is Now Available!
August 8, 2018 / Source:
Back2Basics – Reg. Z – Home Equity Webinar is Now Available! It can be found under “News & Events” “Past Events” “Past Webinars.” View Webinar Here
BCFP Collaborates With Regulators Around The World To Create Global Financial Innovation Network
August 8, 2018 / Source: BCFP
BCFP Collaborates With Regulators Around The World To Create Global Financial Innovation Network AUG 07, 2018 WASHINGTON, D.C. – The Bureau of Consumer Financial Protection (BCFP), working in collaboration with 11 financial regulators and related organizations, is announcing an initiative to create the Global Financial Innovation Network (GFIN). The network will seek to provide a more…
HMDA Data Publication
August 8, 2018 / Source: FFIEC & CFPB
HMDA Data Publication The HMDA data and reports are the most comprehensive publicly available information on mortgage market activity. The data and reports can be used along with the Censusdemographic information for data analysis purposes. Available below are the data and reports for HMDA data collected in or after 2017. For HMDA data and reports for…
Former CEO And Chief Loan Officer Of Failed Sonoma Valley Bank Sentenced To Multi-Year Prison Terms
August 7, 2018 / Source: FDICIG
PRESS RELEASE FOR IMMEDIATE RELEASE Friday, August 3, 2018 Former CEO And Chief Loan Officer Of Failed Sonoma Valley Bank, And Borrower’s California Attorney, Sentenced To Multi-Year Prison Terms For Bank Fraud And Other Crimes Court Ordered Asset Forfeiture of Defendant’s Interest in Real Estate Worth Approximately $20,800,000 as Proceeds of the Crimes SAN FRANCISCO…