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Agencies Issue Statement Reaffirming the Role of Supervisory Guidance
September 11, 2018 / Source: CFPB
Agencies Issue Statement Reaffirming the Role of Supervisory Guidance SEP 11, 2018 WASHINGTON, D.C. — Five federal agencies today issued a joint statement explaining the role of supervisory guidance for regulated institutions. The statement from the agencies—the Federal Reserve Board, the Bureau of Consumer Financial Protection, the Federal Deposit Insurance Corporation, the National Credit Union Administration,…
OCC Reports Second Quarter 2018 Bank Trading Revenue
September 10, 2018 / Source: OCC
NR 2018-94 FOR IMMEDIATE RELEASE September 10, 2018 Contact: William Grassano (202) 649-6870 OCC Reports Second 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 $6.9 billion in the second quarter 2018, which was $1.3 billion,…
Expanded Examination Cycle Eligibility: Interim Final Rule
September 10, 2018 / Source: OCC
OCC BULLETIN 2018-27 Subject: Expanded Examination Cycle Eligibility Date: September 10, 2018 To: Chief Executive Officers of All National Banks, Federal Savings Associations, and Federal Branches and Agencies; Department and Division Heads; All Examining Personnel; and Other Interested Parties Description: Interim Final Rule Summary The Office of the Comptroller of the Currency (OCC), the Board of…
FIL: Interim Final Rules on Expanded Examination Cycle for Certain Small Insured Depository…
September 10, 2018 / Source: FDIC
Financial Institution Letters FIL-45-2018 September 7, 2018 Examination Cycle: Interim Final Rules on Expanded Examination Cycle for Certain Small Insured Depository Institutions and U.S. Branches and Agencies of Foreign Banks Printable Format: FIL-45-2018 – PDF (PDF Help) Summary: The FDIC and the other federal financial institution regulatory agencies have jointly adopted interim final rules (IFRs) permitting insured…
Exceptive Relief from Beneficial Ownership Requirements for Rollovers, Renewals…
September 7, 2018 / Source: FinCEN
Exceptive Relief from Beneficial Ownership Requirements for Legal Entity Customers of Rollovers, Renewals, Modifications, and Extensions of Certain Accounts Permanent Exceptive Relief Extension of Compliance Date CDs_final 508.pdf367.72 KB FIN-2018-R003 Exceptive Relief from Beneficial Ownership Requirements for Legal Entity Customers of Rollovers, Renewals, Modifications, and Extensions of Certain Accounts Issued Date: September 07, 2018 Financial Institution:…
Back2Basics: Deposit Advertising Webinar is Now Available!
September 7, 2018 / Source:
Back2Basics – Deposit Advertising Webinar is Now Available! It can be found under “News & Events” “Past Events” “Past Webinars.” View Webinar Here
OCC Releases CRA Evaluations for 16 National Banks and Federal Savings Associations
September 7, 2018 / Source: OCC
NR 2018-93 FOR IMMEDIATE RELEASE September 6, 2018 Contact: (202) 649-6870 OCC Releases CRA Evaluations for 16 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 August 1, 2018…
Bureau of Consumer Financial Protection Releases Latest Supervisory Highlights
September 7, 2018 / Source: CFPB
Bureau of Consumer Financial Protection Releases Latest Supervisory Highlights SEP 06, 2018 WASHINGTON, D.C. — The Bureau of Consumer Financial Protection (Bureau) today released its 17th edition of Supervisory Highlights. The report covers Bureau supervision activities generally completed between December 2017 and May 2018, and shares observations in the areas of auto loan servicing, credit…
FDIC Issues List of Banks Examined for CRA Compliance
September 6, 2018 / Source: FDIC
Press Releases FDIC Issues List of Banks Examined for CRA Compliance FOR IMMEDIATE RELEASE September 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…
Counterfeit Official Bank Checks of Sterling National Bank, Montebello, N.Y.
September 6, 2018 / Source: OCC
Alert 2018-11 Subject: Counterfeit Official Bank Checks Date: September 5, 2018 Description: Sterling National Bank Counterfeit Official Bank Checks of Sterling National Bank, Montebello, N.Y. 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…
FDIC Issues CRA Examination Schedules for Fourth Quarter 2018 and First Quarter 2019
September 4, 2018 / Source: FDIC
Press Releases FDIC Issues CRA Examination Schedules for Fourth Quarter 2018 and First Quarter 2019 FOR IMMEDIATE RELEASE August 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 fourth quarter of 2018 and…
Federal Reserve Board announces termination of enforcement action
September 4, 2018 / Source: FRB
Press Release September 04, 2018 Federal Reserve Board announces termination of enforcement action with OSB Community Bank For release at 11:00 a.m. EDT The Federal Reserve Board on Tuesday announced the termination of the enforcement action listed below: OSB Community Bank, Brooklyn, Michigan Written Agreement dated July 30, 2015 Terminated August 30, 2018 Additional enforcement…
Agencies extend comment period for proposed rule simplifying and tailoring the “Volcker rule”
September 4, 2018 / Source: FRB
Joint Press Release September 04, 2018 Agencies extend comment period for proposed rule simplifying and tailoring the “Volcker rule” Board of Governors of the Federal Reserve System Commodity Futures Trading Commission Federal Deposit Insurance Corporation Office of the Comptroller of the Currency Securities and Exchange Commission For release at 10:00 a.m. EDT Five federal financial…
FDIC Makes Public July Enforcement Actions
August 31, 2018 / Source: FDIC
Press Releases FDIC Makes Public July Enforcement Actions; No Administrative Hearings Scheduled for September 2018 FOR IMMEDIATE RELEASE August 31, 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 July. There are no administrative…
Bureau of Consumer Financial Protection Issues Rule to Implement and Clarify New HMDA Amendments
August 31, 2018 / Source: CFPB
Bureau of Consumer Financial Protection Issues Rule to Implement and Clarify New HMDA Amendments AUG 31, 2018 WASHINGTON, D.C. — Today the Bureau of Consumer Financial Protection (Bureau) issued an interpretive and procedural rule to implement and clarify the requirements of section 104(a) of the Economic Growth, Regulatory Relief, and Consumer Protection Act (the Act), which…
Federal Reserve Board issues enforcement action and announces termination of enforcement action
August 31, 2018 / Source: FRB
Press Release August 30, 2018 Federal Reserve Board issues enforcement action with The Bank of New York Mellon and announces termination of enforcement action with UCB Financial Group, Inc. For release at 11:00 a.m. EDT The Federal Reserve Board on Thursday announced the execution of the enforcement action listed below: The Bank of New York…
Agencies extend deadline for certain resolution plan submissions
August 31, 2018 / Source: FRB
Joint Press Release August 30, 2018 Agencies extend deadline for certain resolution plan submissions Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation For release at 4:00 p.m. EDT The Federal Reserve Board and the FDIC on Thursday announced that they have extended the next resolution plan filing deadline for a designated…
OCC Seeks Comments on Modernizing Community Reinvestment Act Regulations
August 30, 2018 / Source: OCC
NR 2018-87 FOR IMMEDIATE RELEASE August 28, 2018 Contact: Bryan Hubbard (202) 649-6870 OCC Seeks Comments on Modernizing Community Reinvestment Act Regulations WASHINGTON—The Office of the Comptroller of the Currency today released an Advance Notice of Proposed Rulemaking (ANPR) seeking comment on the best ways to modernize the regulatory framework implementing the Community Reinvestment Act…
OCC Issues Fourth Quarter 2018 and First Quarter 2019 CRA Evaluation Schedule
August 30, 2018 / Source: OCC
NR 2018-88 FOR IMMEDIATE RELEASE August 29, 2018 Contact: William Grassano (202) 649-6870 OCC Issues Fourth Quarter 2018 and First 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 fourth quarter of 2018…
Interim final rule expanding the applicability of the Board’s small bank holding company policy…
August 30, 2018 / Source: FRB
Press Release August 28, 2018 Federal Reserve Board issues interim final rule expanding the applicability of the Board's small bank holding company policy statement For release at 1:30 p.m. EDT The Federal Reserve Board on Tuesday issued an interim final rule expanding the applicability of the Board's small bank holding company policy statement, as required…
OCC Seeks Members for Its Mutual Savings Association Advisory Committee
August 28, 2018 / Source: OCC
NR 2018-86 FOR IMMEDIATE RELEASE August 27, 2018 Contact: William Grassano (202) 649-6870 OCC Seeks Members for Its Mutual Savings Association Advisory Committee WASHINGTON — The Office of the Comptroller of the Currency (OCC) is seeking nominations for members of its Mutual Savings Association Advisory Committee (MSAAC). The MSAAC will provide the OCC with advice…
OCC Seeks Members for Its Minority Depository Institutions Advisory Committee
August 28, 2018 / Source: OCC
NR 2018-85 FOR IMMEDIATE RELEASE August 27, 2018 Contact: William Grassano (202) 649-6870 OCC Seeks Members for Its Minority Depository Institutions Advisory Committee WASHINGTON — The Office of the Comptroller of the Currency (OCC) is seeking nominations for members of its Minority Depository Institutions Advisory Committee (MDIAC). The MDIAC assists the OCC in assessing the…
Forward Looking Supervision
August 28, 2018 / Source: FDICIG
Forward Looking Supervision Monday, August 27, 2018 Summary Announcement Forward Looking Supervision August 8, 2018 The Federal Deposit Insurance Corporation (FDIC) Office of Inspector General issued an evaluation report that highlights the FDIC’s Forward Looking Supervision approach in conducting examinations of financial institutions. The evaluation focused on the FDIC’s Forward-Looking Supervisory initiative as part of…
Federal Reserve announces results of offering of seven-day term deposits on August 23
August 27, 2018 / Source: FRB
Press Release August 23, 2018 Federal Reserve announces results of offering of seven-day term deposits on August 23 For release at 3:30 p.m. EDT On August 23, 2018, the Federal Reserve conducted a floating-rate offering of term deposits through its Term Deposit Facility. The operation offered seven-day term deposits with the rate set equal to…
FFIEC CRA Alert – CRA Data Entry Software Version 2018 Release 2
August 27, 2018 / Source: FFIEC
FFIEC CRA Alert – CRA Data Entry Software Version 2018 Release 2 The FFIEC CRA website has recently been updated. The 2018 CRA Data Entry Software Release 2 is now available. On behalf of the FFIEC, the Federal Reserve System designed the CRA Data Entry Software to assist respondents in automating the filing of their CRA data. The free…