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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Parties Description: Interagency Policy Statement Summary The Federal Financial Institutions Examination Council today rescinded its revised policy statement on “Interagency…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…
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…
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…
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.,…
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
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)…
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…
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….
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…
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…
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…
Former Roseville developer sentenced to over four years of prison for $22 million fraud
June 5, 2018 / Source: FDICIG
PRESS RELEASE FOR IMMEDIATE RELEASE Friday, June 1, 2018 FORMER ROSEVILLE DEVELOPER SENTENCED TO OVER FOUR YEARS IN PRISON FOR $22 MILLION FRAUD SACRAMENTO, Calif. — U.S. District Judge Garland E. Burrell Jr. sentenced Abolghasseni “Abe” Alizadeh, 59, of Granite Bay, today to four years and eight months in prison, U.S. Attorney McGregor W. Scott announced. Alizadeh was…
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…
Agencies Issue Final Rulemaking to Shorten Settlement Cycle
June 4, 2018 / Source: OCC
Joint Release Federal Deposit Insurance Corporation Office of the Comptroller of the Currency NR 2018-54 FOR IMMEDIATE RELEASE June 1, 2018 Agencies Issue Final Rulemaking to Shorten Settlement Cycle WASHINGTON — The Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) today issued a final rule to shorten the…
OCC Releases CRA Evaluations for 32 National Banks and Federal Savings Associations
June 4, 2018 / Source: OCC
NR 2018-55 FOR IMMEDIATE RELEASE June 1, 2018 Contact: (202) 649-6870 OCC Releases CRA Evaluations for 32 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 May 1, 2018…
Banker Shaun Hayes Gets Prison Sentence
June 1, 2018 / Source: FDICIG
PRESS RELEASE FOR IMMEDIATE RELEASE Tuesday, May 29, 2018 Banker Shaun Hayes Gets Prison Sentence St. Louis, MO – Shaun R. Hayes, 58, of Frontenac, was sentenced to 68 months in federal prison today after pleading guilty to participating in a scheme to defraud Excel Bank and to profit from illegal insider loans. The sentence…
Hurricane season bears down with 7 million homes at risk and a flood insurance program set to expire
June 1, 2018 / Source: MarketWatch
Hurricane season bears down — with 7 million homes at risk and a flood insurance program set to expire Published: May 31, 2018 12:00 p.m. ET By ANDREA RIQUIER The final tallies for the 2017 hurricanes aren’t in yet. If the start of summer has you trying to reason with hurricane season, you’re not alone. Millions of homes…
Proposed rule to simplify and tailor compliance requirements relating to the “Volcker rule”
May 31, 2018 / Source: FRB
Press Release May 30, 2018 Federal Reserve Board asks for comment on proposed rule to simplify and tailor compliance requirements relating to the “Volcker rule” For immediate release The Federal Reserve Board on Wednesday asked for comment on a proposed rule to simplify and tailor compliance requirements relating to the “Volcker rule.” By statute, the…
FDIC Issues CRA Examination Schedules for Third and Fourth Quarter 2018
May 31, 2018 / Source: FDIC
Press Releases FDIC Issues CRA Examination Schedules for Third and Fourth Quarter 2018 FOR IMMEDIATE RELEASE May 31, 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 third and fourth quarters of 2018. CRA…
Northshore Contractor Charged with Conspiracy to Defraud First NBC Bank
May 30, 2018 / Source: FDICIG
PRESS RELEASE FOR IMMEDIATE RELEASE Northshore Contractor Charged with Conspiracy to Defraud First NBC Bank NEW ORLEANS – U.S. Attorney Duane A. Evans announced that JEFFREY DUNLAP, age 44, a resident of Slidell, Louisiana and owner of Phoenix Civil Contractors was charged yesterday with conspiracy to defraud First NBC Bank, the New Orleans-based bank that failed in April…
FOMC announces tentative meeting schedule for 2019
May 30, 2018 / Source: FRB
Press Release May 25, 2018 FOMC announces tentative meeting schedule for 2019 For release at 12:00 p.m. EDT The Federal Open Market Committee on Friday announced its tentative meeting schedule for 2019: January 29-30 (Tuesday-Wednesday) March 19-20 (Tuesday-Wednesday) April 30-May 1 (Tuesday-Wednesday) June 18-19 (Tuesday-Wednesday) July 30-31 (Tuesday-Wednesday) September 17-18 (Tuesday-Wednesday) October 29-30 (Tuesday-Wednesday) December…