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Simplifications to the Capital Rule; Effective Date: Final Rule
November 13, 2019 / Source: OCC
OCC Bulletin 2019-54| November 13, 2019 Simplifications to the Capital Rule; Effective Date: Final Rule SHARE THIS PAGE: To Chief Executive Officers of All National Banks and Federal Savings Associations, Department and Division Heads, All Examining Personnel, and Other Interested Parties Summary The Office of the Comptroller of the Currency, the Board of Governors of the Federal…
Federal Reserve Board invites public comment on proposal to extend by 18 months initial compliance dates for foreign banks subject to its single-counterparty credit limit rule
November 12, 2019 / Source: FRB
Press Release November 08, 2019 Federal Reserve Board invites public comment on proposal to extend by 18 months initial compliance dates for foreign banks subject to its single-counterparty credit limit rule For release at 3:00 p.m. EST Share The Federal Reserve Board on Friday invited public comment on a proposal to extend by 18 months…
Delhi Farmer Sentenced for Lying to Various Business and Government Entities to Steal Nearly $18 Million
November 12, 2019 / Source: FDICOIG
PRESS RELEASE FOR IMMEDIATE RELEASE Thursday, November 7, 2019 Delhi Farmer Sentenced for Lying to Various Business and Government Entities to Steal Nearly $18 Million MONROE, La. – A Delhi, Louisiana, farmer was sentenced today to 10 years in federal prison followed by three years of supervised release, for lying to more than seven financial institutions,…
FinCEN Reissues Real Estate Geographic Targeting Orders for 12 Metropolitan Areas
November 8, 2019 / Source: FinCEN
FinCEN Reissues Real Estate Geographic Targeting Orders for 12 Metropolitan Areas Contact Steve Hudak, 703-905-3770 Immediate Release November 08, 2019 WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) today announced the renewal of its Geographic Targeting Orders (GTOs) that require U.S. title insurance companies to identify the natural persons behind shell companies used in all-cash purchases…
FIL: Banker Webinar: Community Bank Leverage Ratio Framework
November 8, 2019 / Source: FDIC
Financial Institution Letters FIL-70-2019 November 8, 2019 Banker Webinar: Community Bank Leverage Ratio Framework Printable Format: FIL-70-2019 – PDF (PDF Help) Summary: The FDIC, the Office of the Comptroller of the Currency (OCC), and the Board of Governors of the Federal Reserve System (FRB) will host an interagency webinar on November 21, 2019, from 2:00 p.m….
Kevin Greenfield Named Deputy Comptroller for Operational Risk
November 7, 2019 / Source: OCC
News Release 2019-131 | November 7, 2019 Kevin Greenfield Named Deputy Comptroller for Operational Risk SHARE THIS PAGE: · WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced Kevin Greenfield would become the agency’s Deputy Comptroller for Operational Risk. In this role, Mr. Greenfield will oversee development of policy and examination procedures addressing operational risk,…
FDIC Announces Settlement with HomeStreet Bank in Seattle for Violations of the Real Estate Settlement Procedures Act
November 7, 2019 / Source: FDIC
Press Releases FDIC Announces Settlement with HomeStreet Bank in Seattle for Violations of the Real Estate Settlement Procedures Act FOR IMMEDIATE RELEASE November 6, 2019 Media contact: Brian Sullivan (202) 898-6534 [email protected] The Federal Deposit Insurance Corporation (FDIC) today announced a settlement with HomeStreet Bank, Seattle, Washington, for violations of the Real Estate Settlement Procedures…
FIL: Proposed Regulatory Reporting Revisions
November 6, 2019 / Source: FDIC
Financial Institution Letters FIL-69-2019 November 6, 2019 Proposed Regulatory Reporting Revisions Printable Format: FIL-69-2019 – PDF (PDF Help) Summary: The banking agencies, under the auspices of the Federal Financial Institutions Examination Council (FFIEC), have issued the attached Federal Register notice requesting comment on proposed capital-related reporting changes and other reporting revisions. These proposed changes and revisions apply to the…
Nacha’s Payments Innovation Alliance and the U.S. Faster Payments Council Launch the Faster Payments Playbook
November 6, 2019 / Source: NACHA
Nacha’s Payments Innovation Alliance and the U.S. Faster Payments Council Launch the Faster Payments Playbook POSTED ON November 05, 2019 The inaugural version of the online educational and decisioning platform is designed to help banks and credit unions develop a faster payments strategy MIAMI, Nov. 5, 2019 – Today, Nacha and its Payments…
November 5, 2019: FDIC Issues List of Banks Examined for CRA Compliance
November 5, 2019 / Source: FDIC
Press Releases FDIC Issues List of Banks Examined for CRA Compliance FOR IMMEDIATE RELEASE November 5, 2019 Media Contact: LaJuan Williams-Young (202) 898-6876 [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 Checks: Counterfeit Official Checks and Fictitious Cashier’s Checks of First Federal Savings Bank, Ottawa, Ill.
November 5, 2019 / Source: OCC
Alert 2019-9| November 4, 2019 Counterfeit Official Checks: Counterfeit Official Checks and Fictitious Cashier’s Checks of First Federal Savings Bank, Ottawa, Ill. SHARE THIS PAGE: · 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…
Industrial Bank Assumes All of the Deposits of City National Bank of New Jersey
November 4, 2019 / Source: FDIC
Press Releases Industrial Bank Assumes All of the Deposits of City National Bank of New Jersey FOR IMMEDIATE RELEASE November 1, 2019 FDIC Customer Service Call Center Toll Free – 1-877-367-2719 WASHINGTON — City National Bank of New Jersey (“City National”) in Newark was closed today by the Office of the Comptroller of the Currency, which…
News Release 2019-129: OCC Releases CRA Evaluations for 37 National Banks and Federal Savings Associations
November 4, 2019 / Source: OCC
News Release 2019-129 | November 1, 2019 OCC Releases CRA Evaluations for 37 National Banks and Federal Savings Associations SHARE THIS PAGE: · 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 October 1, 2019 through October 31, 2019….
OCC Issues Final Rule to Change Applicability Thresholds for Regulatory Capital and Liquidity Requirements
November 1, 2019 / Source: OCC
News Release 2019-128 | November 1, 2019 OCC Issues Final Rule to Change Applicability Thresholds for Regulatory Capital and Liquidity Requirements SHARE THIS PAGE: · WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced a final rule to tailor capital and liquidity requirements for certain banking organizations with more than $100 billion in total consolidated…
Outcome Health Agrees to Pay $70 Million to Resolve Fraud Investigation
November 1, 2019 / Source: FDICOIG
FOR IMMEDIATE RELEASE Wednesday, October 30, 2019 Outcome Health Agrees to Pay $70 Million to Resolve Fraud Investigation ContextMedia Health LLC, which operates under the trade name Outcome Health (Outcome), a digital provider of medical information and advertising in doctors’ offices, has agreed to a resolution with the Department of Justice by which it will…