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OCC Enforcement Actions and Terminations for March 2019
March 15, 2019 / Source: OCC
NR 2019-25 FOR IMMEDIATE RELEASE March 15, 2019 Contact: (202) 649-6870 OCC Enforcement Actions and Terminations for March 2019 WASHINGTON — The Office of the Comptroller of the Currency (OCC) today released new enforcement actions taken against national banks, federal savings associations, and individuals currently and formerly affiliated with national banks and federal savings associations….
Former Henry County Bank Executive Sentenced to Prison for Bank Fraud
March 14, 2019 / Source: FDICOIG
PRESS RELEASE FOR IMMEDIATE RELEASE Wednesday, March 13, 2019 Former Henry County Bank Executive Sentenced to Prison for Bank Fraud Jackson, TN – A former bank executive has been sentenced to twelve months and one day in federal prison for bank fraud. U.S. Attorney D. Michael Dunavant announced the sentence today. According to information presented in…
Crapo Statement at The Consumer Financial Protection Bureau’s Semiannual Report to Congress
March 14, 2019 / Source: Banking Senate
MARCH 12, 2019 Crapo Statement at The Consumer Financial Protection Bureau’s Semiannual Report to Congress WASHINGTON – U.S. Senator Mike Crapo (R-Idaho), Chairman of the U.S. Senate Committee on Banking, Housing and Urban Affairs, delivered the following remarks at a hearing to receive The Consumer Financial Protection Bureau’s semiannual report to congress. The text of…
Counterfeit Cashier’s Checks of the First National Bank of Elmer, Elmer, NJ
March 13, 2019 / Source: OCC
Alert 2019-2 Subject: Counterfeit Cashier’s Checks Date: March 13, 2019 Description: First National Bank of Elmer Counterfeit Cashier’s Checks of the First National Bank of Elmer, Elmer, NJ 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…
ACH Network Marks a Daily Volume Record of 100 Million Payments
March 13, 2019 / Source: NACHA
ACH Network Marks a Daily Volume Record of 100 Million Payments POSTED MARCH 12, 2019 HERNDON, Va., March 12, 2019 – The ACH Network set a record in February as volume exceeded 100 million ACH payments per banking day—an increase of 7.2 percent over February 2018. In each year there were 19 banking days in…
Consumer Financial Protection Bureau Announces 18th Edition of Supervisory Highlights
March 12, 2019 / Source: CFPB
Consumer Financial Protection Bureau Announces 18th Edition of Supervisory Highlights MAR 12, 2019 WASHINGTON, D.C. — The Consumer Financial Protection Bureau (“CFPB” or “Bureau”) today released its 18th edition of Supervisory Highlights. The report covers Bureau supervision activities generally completed between June 2018 and November 2018, and includes examination findings in the areas of automobile loan…
Federal Reserve Board permanently bars two former employees of The Goldman Sachs Group, Inc. from the banking industry
March 12, 2019 / Source: FRB
Press Release March 12, 2019 Federal Reserve Board permanently bars two former employees of The Goldman Sachs Group, Inc. from the banking industry For release at 10:00 a.m. EDT Share The Federal Reserve Board on Tuesday announced that it is prohibiting Tim Leissner and Ng Chong Hwa, also known as Roger Ng, from the banking…
Former Bank Tellers Sentenced To Prison, Ordered To Pay Back $1.6 Million To The Peoples Bank In Eatonton
March 11, 2019 / Source: FDICIG
FOR IMMEDIATE RELEASE Tuesday, March 5, 2019 Former Bank Tellers Sentenced To Prison, Ordered To Pay Back $1.6 Million To The Peoples Bank In Eatonton MACON – Two former bank tellers were sentenced today to prison and ordered to pay more than $1.6 million dollars to the institution they defrauded, announced Charles “Charlie” Peeler,…
FFIEC Members Adopt Policy Statement on the Report of Examination
March 11, 2019 / Source: CFPB
FFIEC Members Adopt Policy Statement on the Report of Examination MAR 06, 2019 SHARE THIS Share on Facebook Share on Twitter Share on LinkedIn Share on email The Federal Financial Institutions Examination Council (FFIEC) members today issued principles to promote consistency, clarity and ease of reference for the presentation of information in examination reports. The FFIEC…
Revisions to the Consolidated Reports of Condition and Income and Other Regulatory Reports
March 8, 2019 / Source: FDIC
Financial Institution Letters FIL-12-2019 March 8, 2019 Revisions to the Consolidated Reports of Condition and Income and Other Regulatory Reports Printable Format: FIL-12-2019 – PDF (PDF Help) Summary: The banking agencies, under the auspices of the Federal Financial Institutions Examination Council (FFIEC), have finalized revisions to the Consolidated Reports of Condition and Income (Call Report) and…
Home Mortgage Disclosure Act: Key Data Fields for Full and Partial Reporters
March 8, 2019 / Source: OCC
OCC BULLETIN 2019-12 Subject: Home Mortgage Disclosure Act Date: March 7, 2019 To: Chief Executive Officers and Compliance Officers of National Banks, Federal Savings Associations, and Federal Branches and Agencies; Department and Division Heads; All Examining Personnel; and Other Interested Parties Description: Key Data Fields for Full and Partial Reporters Summary The Office of the Comptroller…
Comptroller of the Currency Supports FSOC’s Proposal for an Activities-Based Approach to Identify Potential Market-wide Risks
March 7, 2019 / Source: OCC
NR 2019-24 FOR IMMEDIATE RELEASE March 6, 2019 Contact: Bryan Hubbard (202) 649-6870 Comptroller of the Currency Supports FSOC’s Proposal for an Activities-Based Approach to Identify Potential Market-wide Risks WASHINGTON—Comptroller of the Currency Joseph Otting today issued the following statement supporting the Financial Stability Oversight Council’s (FSOC) decision to propose an activities-based approach for identifying…
Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Alabama Affected by Severe Storms, Straight-line Winds, and Tornadoes
March 7, 2019 / Source: FDIC
Financial Institution Letters FIL-11-2019 March 7, 2019 Regulatory Relief Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Alabama Affected by Severe Storms, Straight-line Winds, and Tornadoes Printable Format: FIL-11-2019 – PDF (PDF Help) Summary: The FDIC has announced a series of steps intended to provide regulatory relief to financial institutions and facilitate recovery…
Federal Reserve Board issues advance notice of proposed rulemaking seeking public comment on whether to amend Regulation D to lower certain interest rates paid on balances at Federal Reserve Banks
March 6, 2019 / Source: FRB
Press Release March 06, 2019 Federal Reserve Board issues advance notice of proposed rulemaking seeking public comment on whether to amend Regulation D to lower certain interest rates paid on balances at Federal Reserve Banks For release at 12:00 p.m. EST Share The Federal Reserve Board on Wednesday invited public comment on whether it should…
FDIC’s Subcommittee on Supervision Modernization for the Advisory Committee on Community Banking Holds its Inaugural Meeting
March 6, 2019 / Source: FDIC
Press Releases FDIC's Subcommittee on Supervision Modernization for the Advisory Committee on Community Banking Holds its Inaugural Meeting FOR IMMEDIATE RELEASE March 6, 2019 Media contact: David Barr (202) 898-6992 [email protected] The inaugural meeting of the Federal Deposit Insurance Corporation's (FDIC) Subcommittee on Supervision Modernization took place in Washington, D.C. yesterday and today. The subcommittee…
Back2Basics: Red Flags Webinar is Now Available!
March 6, 2019 / Source:
Back2Basics: Red Flags Webinar is Now Available! It can be found under “News & Events” “Past Events” “Past Webinars.” View Webinar Here
March 2019 List of Banks Examined for CRA Compliance
March 5, 2019 / Source: FDIC
Press Releases FDIC Issues List of Banks Examined for CRA Compliance FOR IMMEDIATE RELEASE March 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 announces termination of enforcement action with Cogent Bancorporation, Inc.
March 5, 2019 / Source: FRB
Press Release March 05, 2019 Federal Reserve Board announces termination of enforcement action with Cogent Bancorporation, Inc. For release at 11:00 a.m. EST Share The Federal Reserve Board on Tuesday announced the termination of the enforcement action listed below: Cogent Bancorporation, Inc., f/k/a Pinnacle Bank Holding Company, Inc., Orange City, Florida Written Agreement dated August…
Counterfeit Official Bank Checks of Bremer Bank, NA, Saint Paul, Minn.
March 4, 2019 / Source: OCC
Alert 2019-1 Subject: Counterfeit Official Bank Checks Date: March 4, 2019 Description: Bremer Bank, NA Counterfeit Official Bank Checks of Bremer Bank, NA, Saint Paul, Minn. 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…
Consumer Financial Protection Bureau Issues Advance Notice of Proposed Rulemaking on Property Assessed Clean Energy Financing
March 4, 2019 / Source: CFPB
Consumer Financial Protection Bureau Issues Advance Notice of Proposed Rulemaking on Property Assessed Clean Energy Financing MAR 04, 2019 SHARE THIS Share on Facebook Share on Twitter Share on LinkedIn Share on email WASHINGTON, D.C. – Today the Consumer Financial Protection Bureau (CFPB) issued an Advance Notice of Proposed Rulemaking (ANPR) on residential Property Assessed Clean Energy (PACE)…