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America’s Vital Interest in Global Efforts to Promote Financial Stability
June 28, 2018 / Source: FRB
Speech June 27, 2018 America's Vital Interest in Global Efforts to Promote Financial Stability Vice Chairman for Supervision Randal K. Quarles At the Utah Bankers Association 110th Annual Convention, Sun Valley Inn, Sun Valley, Idaho Good afternoon. It is a particular honor for me be here to address the Utah Bankers Association, which is like…
Revised Reg. CC Webinar is Now Available!
June 27, 2018 / Source:
Revised Reg. CC Webinar is now available! Find it by going to —> News & Events —> Past Events —> Past Webinars View Webinar Here
Current Expected Credit Losses Methodology Q&A Webinar for Community Bankers
June 27, 2018 / Source: FDIC
Financial Institution Letters FIL-34-2018 June 26, 2018 Community Bank Webinar: Current Expected Credit Losses Methodology Q&A Webinar for Community Bankers Printable Format: FIL-34-2018 – PDF (PDF Help) Summary: The federal banking agencies, in conjunction with the Financial Accounting Standards Board (FASB), the U.S. Securities and Exchange Commission (SEC), and the Conference of State Bank Supervisors (CSBS), will…
Federal Reserve Board issues enforcement actions
June 27, 2018 / Source: FRB
Press Release June 26, 2018 Federal Reserve Board issues enforcement actions with former employee of East Cambridge Savings Bank and former employee of SmartBank For release at 11:30 a.m. EDT The Federal Reserve Board on Tuesday announced the execution of the enforcement actions listed below: Consent Order of Prohibition against Vasken Papazian, a former employee…
Crown Point Man Sentenced To 14 Months In Prison And Ordered To Pay Over $1 Million Dollars
June 26, 2018 / Source: FDICIG
PRESS RELEASE FOR IMMEDIATE RELEASE Friday, June 22, 2018 Crown Point Man Sentenced To 14 Months In Prison And Ordered To Pay Over $1 Million Dollars in Restitution HAMMOND- Walter Woldt, 55, of Crown Point, Indiana, was sentenced before District Court Judge Joseph Van Bokkelen on his plea of guilty to conspiracy to commit mail…
Woman Sentenced to Over 4 Years in Prison for Her Participation in a $22 Million Fraud Scheme
June 26, 2018 / Source: FDICIG
PRESS RELEASE FOR IMMEDIATE RELEASE Friday, June 22, 2018 Former Lincoln…
Federal Reserve Board issues enforcement actions and announces termination of enforcement action
June 22, 2018 / Source: FRB
Press Release June 21, 2018 Federal Reserve Board issues enforcement actions with Nathaniel Frazier and Jeffrey Garrison and announces termination of enforcement action with Hometown Bancshares For release at 11:00 a.m. EDT The Federal Reserve Board on Tuesday announced the execution of the enforcement actions listed below: Consent prohibition of Nathaniel Frazier, former Branch Manager…
Federal Reserve Board releases results of supervisory bank stress tests
June 22, 2018 / Source: FRB
Press Release June 21, 2018 Federal Reserve Board releases results of supervisory bank stress tests For release at 4:30 p.m. EDT The nation's largest bank holding companies are strongly capitalized and would be able to lend to households and businesses during a severe global recession, according to the results of supervisory stress tests released Thursday…
OCC Reports First Quarter 2018 Bank Trading Revenue
June 21, 2018 / Source: OCC
NR 2018-66 FOR IMMEDIATE RELEASE June 21, 2018 Contact: William Grassano (202) 649-6870 OCC Reports First Quarter 2018 Bank Trading Revenue WASHINGTON — The Office of the Comptroller of the Currency (OCC) reported trading revenue of U.S. commercial banks and federal savings associations of $8.2 billion in the first quarter 2018, which was $3.2 billion,…
HUD seeks comment on disparate impact rule
June 21, 2018 / Source: Ballard Spahr LLP
HUD seeks comment on disparate impact rule; Ballard Spahr to hold July 19 webinar By Richard J. Andreano, Jr. on June 20, 2018 The U.S. Department of Housing and Urban Development (HUD) has issued an advance notice of proposed rulemaking (ANPR) seeking comment on whether its 2013 Disparate Impact Rule (Rule) should be revised in light of the 2015…
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…
Bank of Oswego Executives Sentenced to Federal Prison After Jury Conviction for Fraud
June 20, 2018 / Source: FDICIG
PRESS RELEASE FOR IMMEDIATE RELEASE Wednesday, June 13, 2018 Bank of Oswego Executives Sentenced to Federal Prison After Jury Conviction for Fraud PORTLAND, Ore. – Today in federal court, Dan Heine and Diana Yates were sentenced to 24 and 18 months in prison, respectively, for bank fraud and falsifying bank entries, reports, and transactions. A…
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…
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…
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…
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….
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!
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….
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 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,…
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 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…
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…
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….
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…