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Federal Reserve Board announces termination of enforcement action
April 13, 2018 / Source: FRB
Press Release April 12, 2018 Federal Reserve Board announces termination of enforcement action with Porter Bancorp, Inc. For release at 11:00 a.m. EDT The Federal Reserve Board on Thursday announced the termination of the enforcement action listed below: Porter Bancorp, Inc., Louisville, Kentucky Written Agreement dated September 21, 2011 Terminated April 10, 2018 The enforcement…
Consolidated Reports of Condition and Income
April 13, 2018 / Source: FDIC
Financial Institution Letters FIL-18-2018 April 12, 2018 Consolidated Reports of Condition and Income Printable Format: FIL-18-2018 – PDF (PDF Help) Summary: In the Consolidated Reports of Condition and Income (Call Report) for the March 31, 2018, report date, revisions to several schedules are taking effect in response to changes in the accounting for equity securities and…
CFPB Issues Request for Information on Consumer Complaints and Inquiries
April 12, 2018 / Source: CFPB
CFPB Issues Request for Information on Consumer Complaints and Inquiries APR 11, 2018 WASHINGTON, D.C. — The Consumer Financial Protection Bureau (Bureau) today issued a Request for Information (RFI) on its handling of consumer complaints and inquiries. The Bureau is seeking comments and information from interested parties to assist the Bureau in assessing its handling of…
Rule proposed to tailor ‘enhanced supplementary leverage ratio’ requirements
April 12, 2018 / Source: FRB
Press Release April 11, 2018 Rule proposed to tailor 'enhanced supplementary leverage ratio' requirements For release at 4:30 p.m. EDT The Federal Reserve Board and the Office of the Comptroller of the Currency (OCC) on Wednesday proposed a rule that would further tailor leverage ratio requirements to the business activities and risk profiles of the…
Federal Reserve Board seeks comment on proposal to simplify its capital rules for large banks…
April 12, 2018 / Source: FRB
Press Release April 10, 2018 Federal Reserve Board seeks comment on proposal to simplify its capital rules for large banks while preserving strong capital levels that would maintain their ability to lend under stressful conditions For release at 3:00 p.m. EDT The Federal Reserve Board on Tuesday asked for comment on a proposal that would…
FFIEC Issues Joint Statement on Cyber Insurance and Its Potential Role in Risk Management Programs
April 12, 2018 / Source: FFIEC
Press Release For Immediate Release April 10, 2018 FFIEC Issues Joint Statement on Cyber Insurance and Its Potential Role in Risk Management Programs The Federal Financial Institutions Examination Council (FFIEC) members today issued a joint statement to describe matters that financial institutions should consider if they are determining whether to use cyber insurance as a…
How Real-Time Payments are Changing the Lending Game
April 10, 2018 / Source: Visa
How Real-Time Payments are Changing the Lending Game Faster payments have penetrated a handful of market segments, particularly peer-to-peer (P2P) payments and the gig economy, but a lot of work still needs to be done in the funds disbursements space. In our digital economy where consumers are accustomed to on-demand services and experiences, businesses providing…
Alabama becomes 50th state to enact data breach notification Law
April 10, 2018 / Source: Ballard Spahr LLP
Alabama becomes 50th state to enact data breach notification Law By Barbara S. Mishkin on April 9, 2018 POSTED IN DATA SECURITY, STATE CFS MONITOR Alabama officially joined the data breach notification party last month when the state’s governor signed a data breach notification law that will take effect on June 1, 2018. Although Alabama was the last state in…
FILs FDIC Forum: Use of Technology in the Business of Banking
April 9, 2018 / Source: FDIC
Financial Institution Letters FIL-15-2018 April 5, 2018 FDIC Forum: Use of Technology in the Business of Banking Printable Format: FIL-15-2018 – PDF (PDF Help) Summary: The FDIC will host a forum on the Use of Technology in the Business of Banking on Monday, May 7, 2018. The forum will be held from 9:00 a.m. to 3:45 p.m. Eastern Time…
Speech by Chairman Powell on the outlook for the U.S. economy
April 9, 2018 / Source: FRB
Speech April 06, 2018 The Outlook for the U.S. Economy Chairman Jerome H. Powell At The Economic Club of Chicago, Chicago, Illinois For more than 90 years, the Economic Club of Chicago has provided a valued forum for current and future leaders to discuss issues of vital interest to this city and our nation. I…
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 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…
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…
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…
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…
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
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…
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…
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…
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…
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…
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…