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Consumer Financial Protection Bureau Releases Notices of Proposed Rulemaking on Payday Lending
February 11, 2019 / Source: CFPB
Consumer Financial Protection Bureau Releases Notices of Proposed Rulemaking on Payday Lending FEB 06, 2019 Washington, D.C. — The Consumer Financial Protection Bureau today is proposing to rescind certain provisions of its 2017 final rule governing “Payday, Vehicle Title, and Certain High-Cost Installment Loans.” Specifically, the Bureau is proposing to rescind the rule’s requirements that lenders…
Community Bank Leverage Ratio: Notice of Proposed Rulemaking
February 8, 2019 / Source: OCC
OCC BULLETIN 2019-6 Subject: Community Bank Leverage Ratio Date: February 8, 2019 To: Chief Executive Officers of All National Banks and Federal Savings Associations, Department and Division Heads, All Examining Personnel, and Other Interested Parties Description: Notice of Proposed Rulemaking Summary The Office of the Comptroller of the Currency (OCC), the Board of Governors of the…
New protections for servicemembers and veterans alert
February 8, 2019 / Source: CFPB
New protections for servicemembers and veterans alert Free credit monitoring, medical debt credit reporting restrictions, and mortgage protections for those recently back from active duty. By Patrick Campbell and Brian Lavin – FEB 07, 2019 In May 2018, new protections for servicemembers and veterans were signed into law. The Federal Trade Commission (FTC) and the Bureau previously highlighted the new federal…
South Florida Resident Convicted of $100 Million International Fraud Scheme that Led to Collapse of One of Puerto Rico’s Largest Banks
February 7, 2019 / Source: FDICIG
PRESS RELEASE FOR IMMEDIATE RELEASE Tuesday, February 5, 2019 South Florida Resident Convicted of $100 Million International Fraud Scheme that Led to Collapse of One of Puerto Rico’s Largest Banks A Key Biscayne, Florida resident was found guilty yesterday by a federal jury for his role in a $100 million scheme to defraud Westernbank of…
Federal Reserve Board issues enforcement action with former employee of SunTrust Bank
February 7, 2019 / Source: FRB
Press Release February 07, 2019 Federal Reserve Board issues enforcement action with former employee of SunTrust Bank For release at 11:00 a.m. EST Share The Federal Reserve Board on Thursday announced the execution of the enforcement action listed below: Consent Prohibition against Alison Keefe, former employee of SunTrust Bank, Atlanta, Georgia, for violating bank overdraft…
Back2Basics: Reg. Z Advertising & Anti Tying Webinar is Now Available!
February 7, 2019 / Source:
Back2Basics: Reg. Z Advertising & Anti Tying Webinar is Now Available! It can be found under “News & Events” “Past Events” “Past Webinars.” View Webinar Here
Proposed Rulemaking to Revise the Deposit Insurance Assessment System to Apply the Community Bank Leverage Ratio Framework
February 6, 2019 / Source: FDIC
Financial Institution Letters FIL-6-2019 February 5, 2019 Proposed Rulemaking to Revise the Deposit Insurance Assessment System to Apply the Community Bank Leverage Ratio Framework Printable Format: FIL-6-2019 – PDF (PDF Help) Summary: On December 18, 2018, the FDIC Board of Directors authorized publication of a Notice of Proposed Rulemaking (NPR) that would apply the Community Bank…
Federal Reserve Board releases scenarios for 2019 Comprehensive Capital Analysis and Review (CCAR) and Dodd-Frank Act stress test exercises
February 6, 2019 / Source: FRB
Press Release February 05, 2019 Federal Reserve Board releases scenarios for 2019 Comprehensive Capital Analysis and Review (CCAR) and Dodd-Frank Act stress test exercises For release at 4:30 p.m. EST Share The Federal Reserve Board on Tuesday released the scenarios banks and supervisors will use for the 2019 Comprehensive Capital Analysis and Review (CCAR) and…
OCC Releases Dodd-Frank Act Stress Test Scenarios for 2019
February 6, 2019 / Source: OCC
NR 2019-13 FOR IMMEDIATE RELEASE February 5, 2019 Contact: William Grassano (202) 649-6870 OCC Releases Dodd-Frank Act Stress Test Scenarios for 2019 WASHINGTON—The Office of the Comptroller of the Currency (OCC) released economic and financial market scenarios for use in the upcoming stress tests for covered institutions. The supervisory scenarios include baseline, adverse, and severely…
FDIC Press Release – PR-5-2019: FDIC Issues List of Banks Examined for CRA Compliance
February 5, 2019 / Source: FDIC
Press Releases FDIC Issues List of Banks Examined for CRA Compliance FOR IMMEDIATE RELEASE February 5, 2019 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…
Federal Reserve Board issues enforcement action with former chairman of Mariner’s Bancorp
February 5, 2019 / Source: FRB
Press Release February 05, 2019 Federal Reserve Board issues enforcement action with former chairman of Mariner's Bancorp For release at 11:00 a.m. EST Share The Federal Reserve Board on Tuesday announced the execution of the enforcement action listed below: Consent Notice of Suspension and Prohibition against Fred Daibes, former Chairman of Mariner's Bancorp, Edgewater, New…
Voluntary Private Education Loan Rehabilitation Programs
February 4, 2019 / Source: FDIC
Financial Institution Letters FIL-5-2019 February 4, 2019 Voluntary Private Education Loan Rehabilitation Programs Printable Format: FIL-5-2019 – PDF (PDF Help) Summary: The FDIC and the Board of Governors of the Federal Reserve System jointly are providing an advisory on Voluntary Private Education Loan Rehabilitation Programs to make financial institutions aware of an amendment to section 623 of the…
Thresholds Increase for the Major Assets Prohibition of the Depository Institution Management Interlocks Act Rules: Notice of Proposed Rulemaking
February 4, 2019 / Source: OCC
OCC BULLETIN 2019-5 Subject: Thresholds Increase for the Major Assets Prohibition of the Depository Institution Management Interlocks Act Rules Date: February 4, 2019 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: Notice of…
OCC Releases CRA Evaluations for 48 National Banks and Federal Savings Associations
February 1, 2019 / Source: OCC
NR 2019-11 FOR IMMEDIATE RELEASE February 1, 2019 Contact: (202) 649-6870 OCC Releases CRA Evaluations for 48 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 January 1, 2019…
Consumer Financial Protection Bureau Settles with NDG Financial Corp.
February 1, 2019 / Source: CFPB
Consumer Financial Protection Bureau Settles with NDG Financial Corp. Canadian and Maltese-based Payday Lenders Alleged to Have Deceptively and Unfairly Marketed and Collected on Loans, Barred From Lending to U.S. Residents FEB 01, 2019 SHARE THIS Share on Facebook Share on Twitter Share on LinkedIn Share on email Washington, D.C. — The Consumer Financial Protection Bureau…