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OCC Hosts Minority Depository Institutions Advisory Committee Meeting
April 6, 2018 / Source: OCC
NR 2018-35 FOR IMMEDIATE RELEASE April 5, 2018 Contact: William Grassano (202) 649-6870 OCC Hosts Minority Depository Institutions Advisory Committee Meeting WASHINGTON — The Office of the Comptroller of the Currency (OCC) today announced it will host a public meeting of the Minority Depository Institutions Advisory Committee (MDIAC) on Tuesday, April 24, 2018, beginning at…
Federal Reserve Board announces termination of enforcement action
April 6, 2018 / Source: FRB
Press Release April 05, 2018 Federal Reserve Board announces termination of enforcement action with Turkiye Cumhuriyeti Ziraat Bankasi A.S. For release at 11:00 a.m. EDT The Federal Reserve Board on Thursday announced the termination of the enforcement action listed below: Turkiye Cumhuriyeti Ziraat Bankasi A.S. Written Agreement dated June 25, 2014 Terminated March 20, 2018…
OCC Releases CRA Evaluations for 24 National Banks and Federal Savings Associations
April 5, 2018 / Source: OCC
NR 2018-34 FOR IMMEDIATE RELEASE April 4, 2018 Contact: (202) 649-6870 OCC Releases CRA Evaluations for 24 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, 2018…
FDIC Issues List of Banks Examined for CRA Compliance
April 5, 2018 / Source: FDIC
Press Releases FDIC Issues List of Banks Examined for CRA Compliance FOR IMMEDIATE RELEASE April 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…
CFPB Issues Request For Information On Consumer Financial Education
April 5, 2018 / Source: CFPB
CFPB Issues Request For Information On Consumer Financial Education APR 04, 2018 WASHINGTON, D.C. — The Consumer Financial Protection Bureau (Bureau) today issued a Request for Information (RFI) on consumer financial education. The Bureau is seeking comments and information from interested parties to assist the Bureau in assessing the overall efficiency and effectiveness of its consumer…
Back to Basics Flood Insurable Value Webinar is Now Available!
April 4, 2018 / Source:
Back to Basics Flood Insurable Value Webinar is now available! It can be found under “News & Events” “Past Events” “Past Webinars.” View Webinar Here
Treasury Releases Community Reinvestment Act Modernization Recommendations
April 4, 2018 / Source: Department of Treasury
PRESS RELEASES Treasury Releases Community Reinvestment Act Modernization Recommendations APRIL 3, 2018 Washington – Today the U.S. Department of the Treasury released recommendations to modernize the Community Reinvestment Act (CRA). The recommendations were issued to the primary CRA regulators, the Office of the Comptroller of the Currency, the Federal Reserve Board, and the Federal Deposit Insurance…
FinCEN Updates: Frequently Asked Questions Regarding Customer Due Diligence Requirements
April 4, 2018 / Source: FinCEN
Frequently Asked Questions Regarding Customer Due Diligence Requirements for Financial Institutions The Financial Crimes Enforcement Network (FinCEN) is issuing Frequently Asked Questions to assist covered financial institutions in understanding the scope of the Customer Due Diligence Requirements for Financial Institutions, (the CDD Rule) published on May 11, 2016. Previously, on July 19, 2016, FinCEN published…
CFPB Issues Semi-Annual Report
April 3, 2018 / Source: CFPB
CFPB Issues Semi-Annual Report Acting Director Mulvaney Recommends Statutory Changes in His First Report to Congress APR 02, 2018 WASHINGTON, D.C. — Today, the Consumer Financial Protection Bureau (Bureau) released its semi-annual report highlighting the Bureau’s work. This is the first report issued by Acting Director Mick Mulvaney and it includes his four recommendations for statutory…
Final rule to exempt commercial real estate transactions of $500,000 or less from appraisal…
April 3, 2018 / Source: FRB
Joint Press Release April 02, 2018 Federal banking agencies issue final rule to exempt commercial real estate transactions of $500,000 or less from appraisal requirements Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation Office of the Comptroller of the Currency For release at 2:00 p.m. EDT The Board of Governors of…
FDIC Makes Public February Enforcement Actions
April 2, 2018 / Source: FDIC
Press Releases FDIC Makes Public February Enforcement Actions; No Administrative Hearings Scheduled for April 2018 FOR IMMEDIATE RELEASE March 30, 2018 Media contact: LaJuan Williams-Young 202-898-3876 (office) [email protected] The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals. There are no administrative hearings scheduled…
Banking Agencies Finalize Revisions to Streamline the Call Report
April 2, 2018 / Source: FFIEC
Press Releases Press Release For Immediate Release March 30, 2018 Banking Agencies Finalize Revisions to Streamline the Call Report The three federal banking agencies, as members of the Federal Financial Institutions Examination Council (FFIEC), are finalizing revisions to streamline the “Call Report” as part of their efforts to reduce data reporting and other burdens for…
FHFA Report Details Progress on the 2017 Scorecard for Fannie Mae and Freddie Mac
March 30, 2018 / Source: FHFA
FHFA Report Details Progress on the 2017 Scorecard for Fannie Mae and Freddie Mac FOR IMMEDIATE RELEASE 3/29/2018 Washington, D.C. – The Federal Housing Finance Agency (FHFA) issued a Progress Report today summarizing the 2017 activities of Fannie Mae and Freddie Mac (the Enterprises) to further FHFA's three strategic objectives as conservator: Maintain, Reduce, and Build….
Federal Reserve to study payments fraud and security vulnerabilities
March 30, 2018 / Source: FRB
Press Release March 29, 2018 Federal Reserve to study payments fraud and security vulnerabilities For release at 1:00 p.m. EDT The Federal Reserve announced today that work will begin this month on a new study that will measure fraud and associated costs in the U.S. payments system and identify the causes and contributing factors to…
FDIC Announces Settlement with Cross River Bank, Teaneck, New Jersey, and Freedom Financia…
March 29, 2018 / Source: FDIC
Press Releases FDIC Announces Settlement with Cross River Bank, Teaneck, New Jersey, and Freedom Financial Asset Management, LLC, San Mateo, California, for Unfair and Deceptive Practices Settlement awards restitution to harmed consumers and requires the bank to provide increased oversight of third-party providers FOR IMMEDIATE RELEASE March 28, 2018 Media contact: David Barr (202) 898-6992…
CFPB Issues Request For Information On Its Guidance and Implementation Support
March 29, 2018 / Source: CFPB
CFPB Issues Request For Information On Its Guidance and Implementation Support MAR 28, 2018 WASHINGTON, D.C. — The Consumer Financial Protection Bureau (Bureau) today issued a Request for Information (RFI) on the Bureau’s guidance and implementation support. The Bureau is seeking comments and information from interested parties to assist in assessing the overall effectiveness and…
FTC Files Comment to CFPB on CID Processes
March 28, 2018 / Source: FTC
FTC Files Comment to CFPB on CID Processes The Federal Trade Commission’s Bureau of Consumer Protection (BCP) has filed a comment to the Bureau of Consumer Financial Protection in response to that agency’s request for information to help it assess the process it uses to issue Civil Investigative Demands (CIDs). CIDs are a key tool in investigating…
PRs FDIC Announces Retirement of Barbara A. Ryan, Deputy to the Chairman and Chief Operating O…
March 28, 2018 / Source: FDIC
Press Releases FDIC Announces Retirement of Barbara A. Ryan, Deputy to the Chairman and Chief Operating Officer/Chief of Staff FOR IMMEDIATE RELEASE March 27, 2018 Media contact: David Barr (202) 898-6992 [email protected] Barbara A. Ryan, Deputy to the Chairman and Chief Operating Officer/Chief of Staff, has announced that she will retire from the Federal Deposit…
Call for nominations: Academic expert for infrastructure investment finance study
March 27, 2018 / Source: FSB
Call for nominations: Academic expert for infrastructure investment finance study Available as: PDF 26 March 2018 Call for nominations Appointment as academic expert to the FSB evaluation of the effects of financial reforms on the financing of infrastructure investment The Financial Stability Board (FSB) is undertaking an evaluation of the effects of the post-crisis G20 regulatory…
FRB announces it is seeking to fine, permanently bar 2 former Regions Bank employees
March 27, 2018 / Source: FRB
Press Release March 26, 2018 Federal Reserve Board announces it is seeking to fine, permanently bar 2 former Regions Bank employees from banking industry For release at 2:30 p.m. EDT The Federal Reserve Board on Monday announced that it is seeking to permanently bar Nathaniel Frazier and Jeffrey Garrison, former employees of Regions Bank, Birmingham,…
Federal Reserve System publishes annual financial statements
March 26, 2018 / Source: FRB
Press Release March 23, 2018 Federal Reserve System publishes annual financial statements For release at 12:00 p.m. EDT The Federal Reserve System on Friday released the 2017 combined annual audited financial statements for the Federal Reserve Banks, as well as statements for the 12 individual Federal Reserve Banks and the Board of Governors. An independent…
OCC Reports Fourth Quarter 2017 Bank Trading Revenue
March 26, 2018 / Source: OCC
NR 2018-30 FOR IMMEDIATE RELEASE March 23, 2018 Contact: William Grassano (202) 649-6870 OCC Reports Fourth Quarter 2017 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 $5 billion in the fourth quarter 2017, $1.4 billion, or 21.2…
FFIEC Provides Update on Examination Modernization Project
March 23, 2018 / Source: FDIC
Financial Institution Letters FIL-11-2018 March 22, 2018 FFIEC Provides Update on Examination Modernization Project Printable Format: FIL-11-2018 – PDF (PDF Help) Summary: The Federal Financial Institutions Examination Council (FFIEC) has announced an update on the status of its Examination Modernization Project. The objective of the project is to identify and assess ways to improve the community…
CFPB Issues Request For Information On Inherited Regulations and Inherited Rulemaking Authorities
March 23, 2018 / Source: CFPB
CFPB Issues Request For Information On Inherited Regulations and Inherited Rulemaking Authorities MAR 22, 2018 WASHINGTON, D.C. — The Consumer Financial Protection Bureau (Bureau) today issued a Request for Information (RFI) on the Bureau’s inherited regulations and inherited rulemaking authorities. The Bureau is seeking comments and information from interested parties to assist the Bureau in considering…
Federal Reserve issues FOMC statement
March 22, 2018 / Source: FRB
Press Release March 21, 2018 Federal Reserve issues FOMC statement For release at 2:00 p.m. EDT Information received since the Federal Open Market Committee met in January indicates that the labor market has continued to strengthen and that economic activity has been rising at a moderate rate. Job gains have been strong in recent months,…