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Federal Reserve Board accepting applications for its Community Advisory Council
April 8, 2019 / Source: FRB
Press Release April 08, 2019 Federal Reserve Board accepting applications for its Community Advisory Council For release at 12:00 p.m. EDT Share The Federal Reserve Board announced on Monday that it is accepting applications from individuals who wish to be considered for membership on the Community Advisory Council (CAC). The CAC was formed in 2015….
Federal Reserve Board invites public comment on regulatory framework that would more closely match rules for foreign banks with the risks they pose to U.S. financial system
April 8, 2019 / Source: FRB
Press Release April 08, 2019 Federal Reserve Board invites public comment on regulatory framework that would more closely match rules for foreign banks with the risks they pose to U.S. financial system For immediate release Share The Federal Reserve Board on Monday invited public comment on a regulatory framework that would more closely match the…
OCC Bulletin: Regulatory Capital Rule: Notice of Proposed Rulemaking
April 8, 2019 / Source: OCC
OCC BULLETIN 2019-18 Subject: Regulatory Capital Rule Date: April 8, 2019 To: Chief Executive Officers of All National Banks and Federal Savings Associations, Department and Division Heads, All Examining Personnel, and Other Interested Parties Description: Notice of Proposed Rulemaking Summary The Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal…
Press Release: FDIC Issues List of Banks Examined for CRA Compliance
April 5, 2019 / Source: FDIC
Press Releases FDIC Issues List of Banks Examined for CRA Compliance FOR IMMEDIATE RELEASE April 5, 2019 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…
Unauthorized Banking: First National Bank
April 4, 2019 / Source: OCC
Alert 2019-4 Subject: Unauthorized Banking Date: April 4, 2019 Description: First National Bank Unauthorized Banking: First National Bank 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 State Bank Supervisors; Deputy Comptrollers (Districts); Assistant…
FDIC Podcasts Chronicle Causes, Responses to Financial Crisis
April 4, 2019 / Source: FDIC
Press Releases FDIC Podcasts Chronicle Causes, Responses to Financial Crisis FOR IMMEDIATE RELEASE April 4, 2019 Media contact: LaJuan Williams-Young (202) 898-3876 [email protected] The FDIC today released a series of podcasts featuring discussions about Crisis and Response: An FDIC History, 2008–2013, the agency's study of the banking and financial crisis. The podcast series gives listeners a…
Federal Reserve Board announces changes to its Payment System Risk Policy regarding intraday credit to U.S. branches and agencies of foreign banking organizations
April 3, 2019 / Source: FRB
Press Release April 03, 2019 Federal Reserve Board announces changes to its Payment System Risk Policy regarding intraday credit to U.S. branches and agencies of foreign banking organizations For release at 11:00 a.m. EDT Share The Federal Reserve Board on Wednesday published a final rule implementing policy changes to procedures governing the provision of intraday…
OCC Releases CRA Evaluations for 25 National Banks and Federal Savings Associations
April 3, 2019 / Source: OCC
NR 2019-36 FOR IMMEDIATE RELEASE April 2, 2019 Contact: (202) 649-6870 OCC Releases CRA Evaluations for 25 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 March 1, 2019…
FIL: Current Expected Credit Losses (CECL) Webinar
April 2, 2019 / Source: FDIC
Financial Institution Letters FIL-17-2019 April 2, 2019 Current Expected Credit Losses (CECL) Webinar: Weighted-Average Remaining Maturity (WARM) Method Printable Format: FIL-17-2019 – PDF (PDF Help) Summary: The federal financial institution regulatory agencies will host an interagency webinar focusing on the application of the Weighted-Average Remaining Maturity (WARM) method for estimating allowances for credit losses in accordance…
Agencies Propose Rule to Limit Impact of Large Bank Failures
April 2, 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 Immediate Release April 2, 2019 Agencies Propose Rule to Limit Impact of Large Bank Failures The federal banking agencies on Tuesday proposed a rule to limit the interconnectedness of large banking…
CFPB Director Kraninger Becomes FFIEC Chairman
April 1, 2019 / Source: FFIEC
Press Releases Press Release For Immediate Release April 1, 2019 CFPB Director Kraninger Becomes FFIEC Chairman Consumer Financial Protection Bureau (CFPB) Director Kathleen L. Kraninger today becomes the Chairman of the Federal Financial Institutions Examination Council (FFIEC). Her two-year term runs from April 1, 2019, through March 31, 2021. Chairman Kraninger succeeds…
FDIC Board Proposes Changes to Recordkeeping Requirements for Deposit Insurance Determinations
April 1, 2019 / Source: FDIC
Press Releases FDIC Board Proposes Changes to Recordkeeping Requirements for Deposit Insurance Determinations FOR IMMEDIATE RELEASE March 29, 2019 Media contact: David Barr (202) 898-6992 [email protected] The Board of Directors of the Federal Deposit Insurance Corporation (FDIC) today approved proposals to amend two rules to simplify the process for making insurance determinations in the event…
Agencies Complete Evaluation of 2017 Resolution Plans for 14 Large Domestic Banking Organizations and Issue Expectations for 2019 Resolution Plans
April 1, 2019 / Source: FDIC
Press Releases Joint Release Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation For Immediate Release March 29, 2019 Agencies Complete Evaluation of 2017 Resolution Plans for 14 Large Domestic Banking Organizations and Issue Expectations for 2019 Resolution Plans The Federal Reserve Board and the Federal Deposit Insurance Corporation on Friday announced…
FDIC Makes Public February 2019 Enforcement Actions
March 29, 2019 / Source: FDIC
Press Releases FDIC Makes Public February Enforcement Actions; No Administrative Hearings Scheduled for April 2019 FOR IMMEDIATE RELEASE March 29, 2019 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 February. There are no administrative…
Federal Reserve Board releases document providing additional information on its stress testing program
March 29, 2019 / Source: FRB
Press Release March 28, 2019 Federal Reserve Board releases document providing additional information on its stress testing program For release at 4:30 p.m. EDT Share The Federal Reserve Board on Thursday released a document providing additional information on its stress testing program. The release of the document follows an announcement in February that the Board…
NACHA Releases Top 50 Rankings of ACH Originating and Receiving Financial Institutions; Updated Figures Show 2018 Total Volume of 27 Billion ACH Payments
March 28, 2019 / Source: NACHA
NACHA Releases Top 50 Rankings of ACH Originating and Receiving Financial Institutions; Updated Figures Show 2018 Total Volume of 27 Billion ACH Payments POSTED MARCH 28, 2019 HERNDON, Va., March 28, 2019 – NACHA today released its Top 50 rankings of originators and receivers of ACH payments for 2018. The Top 50 originating financial institutions accounted for…
Press Release: FDIC Announces New Members for the Advisory Committee on Community Banking
March 28, 2019 / Source: FDIC
Press Releases FDIC Announces New Members for the Advisory Committee on Community Banking FOR IMMEDIATE RELEASE March 28, 2019 Media contact: LaJuan Williams-Young (202) 898-3876 [email protected] The Federal Deposit Insurance Corporation (FDIC) has announced the selection of six new members to its Advisory Committee on Community Banking, which has been providing advice and recommendations to…
Bank General Counsel Charged With Conspiracy to Defraud First NBC Bank
March 27, 2019 / Source: FDICOIG
Bank General Counsel Charged With Conspiracy to Defraud First NBC Bank NEW ORLEANS – The United States Attorney’s Office announced that GREGORY ST. ANGELO (“ST ANGELO”), age 54, a resident of St. Tammany Parish, was charged today with conspiracy to defraud First NBC Bank, the New Orleans-based bank that failed in April 2017. According to the Bill of…
NACHA’s Payments Innovation Alliance Releases Faster Payments Primer for Financial Institutions
March 27, 2019 / Source: NACHA
NACHA’s Payments Innovation Alliance Releases Faster Payments Primer for Financial Institutions POSTED MARCH 20, 2019 The Faster Payments 101 tool is designed to help small- to mid-sized financial institutions understand the faster payments options in the marketplace HERNDON, Va., March 20, 2019 – Today, NACHA and its Payments Innovation Alliance released Faster Payments 101, an…
Revised Interagency Examination Procedures
March 26, 2019 / Source: OCC
OCC BULLETIN 2019-16 Subject: Consumer Compliance Date: March 26, 2019 To: Chief Executive Officers and Compliance Officers of National Banks, Federal Savings Associations, and Federal Branches and Agencies; Department and Division Heads; All Examining Personnel; and Other Interested Parties Description: Revised Interagency Examination Procedures Summary The Task Force on Consumer Compliance of the Federal Financial Institutions…
Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Nebraska Affected by Severe Winter Storms, Straight-line Winds, and Flooding
March 26, 2019 / Source: FDIC
Financial Institution Letters FIL-15-2019 March 26, 2019 Regulatory Relief Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Nebraska Affected by Severe Winter Storms, Straight-line Winds, and Flooding Printable Format: FIL-15-2019 – PDF (PDF Help) Summary: The FDIC has announced a series of steps intended to provide regulatory relief to financial institutions and facilitate…
Bank Admin Email for 2nd Quarter Sent to C/A Members
March 26, 2019
The Bank Admin email was sent Monday, March 25, 2019, to all C/A member banks' Bank Admins. Full of best practices, helpful hints, and downloadable guides, the quarterly email highlights security certificate issues and upcoming chat feature upgrades. With a direct link to the most current HELPsheet crafted by our Marketing Team, this email should…
Federal and State Financial Regulatory Agencies Issue Interagency Statement on Supervisory Practices Regarding Financial Institutions Affected by Flooding in the Midwest
March 25, 2019 / Source: OCC
Joint Release Board of Governors of the Federal Reserve System Conference of State Bank Supervisors Federal Deposit Insurance Corporation National Credit Union Administration Office of the Comptroller of the Currency NR 2019-31 FOR IMMEDIATE RELEASE March 25, 2019 Federal and State Financial Regulatory Agencies Issue Interagency Statement on Supervisory Practices Regarding Financial Institutions Affected by…
FFIEC HMDA Alerts
March 25, 2019 / Source: FFIEC
FFIEC HMDA Alerts The 2019 edition of the “Guide to HMDA Reporting: Getting It Right!” is now available at https://www.ffiec.gov/hmda/. The 2019 version, developed by member agencies of the Federal Financial Institutions Examination Council, reflects amendments made to HMDA by the Economic Growth, Regulatory Relief, and Consumer Protection Act and the 2018 HMDA interpretive and procedural rule…
Helpful Resources for Members Directly Affected by the Flooding
March 22, 2019
We are saddened to hear of the devastation caused by recent flooding in Iowa, Missouri, Nebraska, and throughout the Midwest. We are keeping a close eye on any announcement from the federal regulatory agencies regarding branch closures or relief—while the agencies do not yet appear to have issued anything official, we will be sure to…