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OCC Releases CRA Evaluations for 28 National Banks and Federal Savings Associations
December 5, 2018 / Source: OCC
NR 2018-134 FOR IMMEDIATE RELEASE December 4, 2018 Contact: (202) 649-6870 OCC Releases CRA Evaluations for 28 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 November 1, 2018…
Promoting fair, equitable, and nondiscriminatory access to credit: 2017 Fair Lending Report
December 5, 2018 / Source: CFPB
Promoting fair, equitable, and nondiscriminatory access to credit: 2017 Fair Lending Report By Patrice Ficklin – DEC 04, 2018. Access to credit is a key to economic mobility and prosperity for consumers and small businesses alike. Our annual Fair Lending Report to Congress highlights how in 2017 we continued to focus on promoting fair, equitable, and nondiscriminatory access to credit…
OCC Report Discusses Key Risks for Federal Banking System (Fall 2018)
December 4, 2018 / Source: OCC
NR 2018-131 FOR IMMEDIATE RELEASE December 3, 2018 Contact: Bryan Hubbard (202) 649-6870 OCC Report Discusses Key Risks for Federal Banking System WASHINGTON — The Office of the Comptroller of the Currency (OCC) today reported credit, operational, compliance, and interest rate risks are key themes for the federal banking system in its Semiannual Risk Perspective for…
Agencies seek public comment on proposal to raise appraisal exemption threshold for residential real estate transactions
December 4, 2018 / Source: FRB
Joint Press Release December 04, 2018 Agencies seek public comment on proposal to raise appraisal exemption threshold for residential real estate transactions Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation Office of the Comptroller of the Currency For release at 1:00 p.m. EST The three federal banking agencies announced they are…
Federal Deposit Insurance Corporation (FDIC) Issues List of Banks Examined for CRA Compliance
December 4, 2018 / Source: FDIC
Press Releases FDIC Issues List of Banks Examined for CRA Compliance FOR IMMEDIATE RELEASE December 4, 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…
OCC Reduces Assessments for Regulated Banks and Savings Associations
December 3, 2018 / Source: OCC
NR 2018-129 FOR IMMEDIATE RELEASE November 30, 2018 Contact: Bryan Hubbard (202) 649-6870 OCC Reduces Assessments for Regulated Banks and Savings Associations WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced it will reduce assessments on national banks, federal savings associations, and federal branches and agencies of foreign banks for 2019. The change—which…
FDIC Makes Public October 2018 Enforcement Actions
December 3, 2018 / Source: FDIC
Press Releases FDIC Makes Public October Enforcement Actions; No Administrative Hearings Scheduled for December 2018 FOR IMMEDIATE RELEASE November 30, 2018 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 October. There are no administrative…
FDIC Issues CRA Examination Schedules for First Quarter 2019 and Second Quarter 2019
December 3, 2018 / Source: FDIC
Press Releases FDIC Issues CRA Examination Schedules for First Quarter 2019 and Second Quarter 2019 FOR IMMEDIATE RELEASE November 30, 2018 Media contact: Greg Hernandez (202) 898-6984 [email protected] The Federal Deposit Insurance Corporation (FDIC) today issued the lists of institutions scheduled for a Community Reinvestment Act (CRA) examination during the first quarter of 2019 and…
Agencies Issue a Joint Statement on Innovative Industry Approaches
December 3, 2018 / Source: OCC
NR 2018-130 FOR IMMEDIATE RELEASE December 3, 2018 Contact: Bryan Hubbard (202) 649-6870 Agencies Issue a Joint Statement on Innovative Industry Approaches WASHINGTON — The Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Financial Crimes Enforcement Network (FinCEN), and the…
OCC Issues First and Second Quarter 2019 CRA Evaluation Schedule
November 29, 2018 / Source: OCC
NR 2018-128 FOR IMMEDIATE RELEASE November 29, 2018 Contact: Bryan Hubbard (202) 649-6870 OCC Issues First and Second Quarter 2019 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 first and second quarters of 2019….
Senior Deputy Comptroller Discusses Compliance with the Bank Secrecy Act
November 29, 2018 / Source: OCC
NR 2018-127 FOR IMMEDIATE RELEASE November 29, 2018 Contact: Bryan Hubbard (202) 649-6870 Senior Deputy Comptroller Discusses Compliance with the Bank Secrecy Act WASHINGTON—Senior Deputy Comptroller for Compliance and Community Affairs Grovetta N. Gardineer today discussed initiatives to reform and modernize the Bank Secrecy Act (BSA)/Anti-Money Laundering (AML) regulatory and supervisory regime. Her comments came…
Federal Reserve Board releases results of survey of senior financial officers at banks regarding their reserve balance management strategies and practices
November 29, 2018 / Source: FRB
November 29, 2018 Federal Reserve Board releases results of survey of senior financial officers at banks regarding their reserve balance management strategies and practices For release at 2:00 p.m. EST Share The Federal Reserve Board on Thursday released results of a survey of senior financial officers at banks regarding their reserve balance management strategies and…
Deposit Insurance Fund Reserve Ratio Exceeds Minimum 1.35 Percent
November 28, 2018 / Source: FDIC
Financial Institution Letters FIL-78-2018 November 28, 2018 Deposit Insurance Fund Reserve Ratio Exceeds Minimum 1.35 Percent Printable Format: FIL-78-2018 – PDF (PDF Help) Summary: On September 30, 2018, the Deposit Insurance Fund Reserve Ratio reached 1.36 percent, exceeding the statutorily required minimum reserve ratio of 1.35 percent ahead of the September 30, 2020, deadline required under…
Federal Reserve Board issues enforcement action with MyBank
November 28, 2018 / Source: FRB
Press Release November 28, 2018 Federal Reserve Board issues enforcement action with MyBank For release at 2:00 p.m. EST The Federal Reserve Board on Wednesday announced the execution of the enforcement action listed below: MyBank, Belen, New Mexico Order of Assessment of a Civil Money Penalty, dated November 26, 2018 Search of Federal Reserve enforcement…
FHFA Announces Maximum Conforming Loan Limits for 2019
November 27, 2018 / Source: FHFA
News Release FHFA Announces Maximum Conforming Loan Limits for 2019 Fannie Mae and Freddie Mac Baseline Limit Will Increase to $484,350 FOR IMMEDIATE RELEASE 11/27/2018 Washington, D.C. – The Federal Housing Finance Agency (FHFA) today announced the maximum conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac in 2019. In most…
FFIEC Emphasizes Risk-Focused Supervision in Second Update of the Examination Modernization Project
November 27, 2018 / Source: FFIEC
Press Release For Immediate ReleaseNovember 27, 2018 FFIEC Emphasizes Risk-Focused Supervision in Second Update of the Examination Modernization Project The Federal Financial Institutions Examination Council today provided a second update on its Examination Modernization Project. The project identifies and assesses ways to improve the effectiveness, efficiency, and quality of community financial institutions safety and soundness…
Agencies propose community bank leverage ratio for qualifying community banking organizations
November 26, 2018 / Source: FRB
Joint Press Release November 21, 2018 Agencies propose community bank leverage ratio for qualifying community banking organizations Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation Office of the Comptroller of the Currency For release at 12:00 p.m. EST Three federal banking agencies on Wednesday invited public comment on a proposal that…
Appraisal Threshold for Residential Real Estate Loans
November 26, 2018 / Source: FDIC
Financial Institution Letters FIL-76-2018 November 21, 2018 Appraisal Threshold for Residential Real Estate Loans Printable Format: FIL-76-2018 – PDF (PDF Help) Summary: The FDIC, the Board of Governors of the Federal Reserve System, and the Office of the Comptroller of the Currency (the Agencies) are jointly issuing a notice of proposed rulemaking titled Real Estate Appraisals (Appraisal NPR),…
OCC Publication Discusses Importance of Bank Financing for Rural Broadband Initiatives
November 26, 2018 / Source: OCC
NR 2018-126 FOR IMMEDIATE RELEASE November 26, 2018 Contact: Stephanie Collins (202) 649-6870 OCC Publication Discusses Importance of Bank Financing for Rural Broadband Initiatives WASHINGTON — The Office of the Comptroller of the Currency (OCC) today published the latest edition of its Community Developments Investments newsletter, “Expanding Internet Access: Bank Financing for Rural Broadband Initiatives.” This edition…
Agencies announce threshold for smaller loan exemption from appraisal requirements for higher-priced mortgage loans
November 21, 2018 / Source: FRB
Joint Press Release November 21, 2018 Agencies announce threshold for smaller loan exemption from appraisal requirements for higher-priced mortgage loans Bureau of Consumer Financial Protection Federal Reserve Board of Governors Office of the Comptroller of the Currency For release at 10:00 a.m. EST WASHINGTON, D.C.–The Bureau of Consumer Financial Protection, Federal Reserve Board of Governors,…
Agencies announce dollar thresholds in Regulations Z and M for exempt consumer credit and lease transactions
November 21, 2018 / Source: FRB
Joint Press Release November 21, 2018 Agencies announce dollar thresholds in Regulations Z and M for exempt consumer credit and lease transactions Federal Reserve Board of Governors Bureau of Consumer Financial Protection For release at 11:00 a.m. EST WASHINGTON, D.C. — The Federal Reserve Board and the Bureau of Consumer Financial Protection (Bureau) today announced the dollar…
FDIC-Insured Institutions Reported $62 Billion in Net Income in Third Quarter 2018
November 20, 2018 / Source: FDIC
Press Releases FOR IMMEDIATE RELEASE November 20, 2018 Media contact: Julianne Fisher Breitbeil (202) 898-6895 [email protected] FDIC-Insured Institutions Reported $62 Billion in Net Income in Third Quarter 2018 Community Bank Net Income Increases to $6.8 Billion Industry Net Income Registers a Strong Increase of 29.3 Percent from a Year Ago Higher Net Operating Revenue and…
Agencies propose amendments to Regulation CC regarding funds availability
November 20, 2018 / Source: FRB
Joint Press Release November 20, 2018 Agencies propose amendments to Regulation CC regarding funds availability Board of Governors of the Federal Reserve System Bureau of Consumer Financial Protection For release at 12:00 p.m. EST WASHINGTON, D.C. — The Bureau of Consumer Financial Protection and the Federal Reserve Board today jointly proposed amendments to Regulation CC…
Expanding Eligibility to File the FFIEC 051 Call Report: Notice of Proposed Rulemaking
November 19, 2018 / Source: OCC
OCC BULLETIN 2018-42 Subject: Expanding Eligibility to File the FFIEC 051 Call Report Date: November 19, 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: Notice of Proposed Rulemaking Summary On November 19,…
FFIEC to Promote Awareness of Potential LIBOR Changes, December 6 Webinar Will Discuss Market Developments, Risks
November 19, 2018 / Source: FFIEC
Press Release For Immediate Release November 19, 2018 FFIEC to Promote Awareness of Potential LIBOR Changes, December 6 Webinar Will Discuss Market Developments, Risks The Federal Financial Institutions Examination Council (FFIEC) will hold a webinar on December 6, 2018, to promote awareness and understanding of efforts to develop alternative reference rates to LIBOR, because of…