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Comptroller of the Currency Visits Areas of Washington, D.C., to Discuss Community Reinvestment Success and Opportunities
August 19, 2019 / Source: OCC
NR 2019-93 FOR IMMEDIATE RELEASE August 19, 2019 Contact: Bryan Hubbard (202) 649-6870 Comptroller of the Currency Visits Areas of Washington, D.C., to Discuss Community Reinvestment Success and Opportunities WASHINGTON — Comptroller of the Currency Joseph Otting, led a tour of Washington, D.C., areas that have benefitted from Community Reinvestment Act (CRA) activity and discussed…
HUD PROPOSES REVISED ‘DISPARATE IMPACT’ RULE
August 19, 2019 / Source: HUD
HUD No. 19-122 HUD Public Affairs (202) 708-0685 FOR RELEASE Friday August 16, 2019 HUD PROPOSES REVISED 'DISPARATE IMPACT' RULE New proposed disparate impact rule more appropriately reflects 2015 Supreme Court ruling WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) today published a proposed rule to amend the HUD interpretation of…
CFPB Appoints Private Education Loan Ombudsman
August 16, 2019 / Source: CFPB
CFPB Appoints Private Education Loan Ombudsman AUG 16, 2019 Washington, D.C. – The Consumer Financial Protection Bureau (Bureau) announced the appointment of Robert G. Cameron to serve as the Bureau’s private education loan ombudsman. Mr. Cameron is a Colonel and Staff Judge Advocate for the Pennsylvania Army National Guard. He has served in the United States Army…
Federal Reserve to offer seven-day term deposits on August 22
August 16, 2019 / Source: FRB
Press Release August 15, 2019 Federal Reserve to offer seven-day term deposits on August 22 For release at 10:00 a.m. EDT Share The Federal Reserve plans to continue its previously announced periodic testing of the Term Deposit Facility (TDF) with one operation in August. These operations are aimed at ensuring the operational readiness of the…
CFPB, Arkansas State AG Settle with Brokers of High-Interest Credit Offers
August 15, 2019 / Source: CFPB
CFPB, Arkansas State AG Settle with Brokers of High-Interest Credit Offers AUG 15, 2019 Washington, D.C. – The Consumer Financial Protection Bureau (Bureau) and the Office of the Arkansas Attorney General yesterday filed a proposed settlement with Andrew Gamber; Voyager Financial Group, LLC; BAIC, Inc.; and SoBell Corp. The companies, owned and operated by Gamber, were brokers…
August 15, 2019: Bank Accounting Advisory Series Updated
August 15, 2019 / Source: OCC
NR 2019-91 FOR IMMEDIATE RELEASE August 15, 2019 Contact: Stephanie Collins (202) 649-6870 Bank Accounting Advisory Series Updated WASHINGTON — The Office of the Comptroller of the Currency (OCC) today released an update to the Bank Accounting Advisory Series (BAAS). The BAAS covers a variety of topics and promotes consistent application of accounting standards among…
August 15, 2019: OCC Enforcement Actions and Terminations
August 15, 2019 / Source: OCC
NR 2019-92 FOR IMMEDIATE RELEASE August 15, 2019 Contact: (202) 649-6870 OCC Enforcement Actions and Terminations 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. All Cease and…
Comptroller of the Currency Visits Baltimore Affordable Housing Event
August 14, 2019 / Source: OCC
NR 2019-90 FOR IMMEDIATE RELEASE August 14, 2019 Contact: Bryan Hubbard (202) 649-6870 Comptroller of the Currency Visits Baltimore Affordable Housing Event BALTIMORE — Comptroller of the Currency Joseph Otting and senior staff visited an event promoting affordable and sustainable homeownership in Baltimore on Monday. The free “Achieve the Dream” event hosted by the non-profit…
FHFA Publishes Final Rule on Credit Score Models
August 14, 2019 / Source: FHFA
News Release FHFA Publishes Final Rule on Credit Score Models FOR IMMEDIATE RELEASE 8/13/2019 Washington, D.C. – The Federal Housing Finance Agency (FHFA) today sent to the Federal Register for publication a final rule on the validation and approval of third-party credit score model(s) that can be used by Fannie Mae and Freddie Mac (the Enterprises). …
Former Bank Employee Admits Role in Embezzlement Scam
August 13, 2019 / Source: FDICOIG
FOR IMMEDIATE RELEASE Wednesday, July 31, 2019 Former Bank Employee Admits Role in Embezzlement Scam HOUSTON – A 38-year-old ex-employee of a local bank who resides in Houston has pleaded guilty to embezzlement, announced U.S. Attorney Ryan K. Patrick. Adriana Granados aka Adriana Canas pleaded guilty today to one count of embezzling from her…
New Orleans Business Owner Pleads Guilty to Conspiracy to Defraud First NBC Bank
August 13, 2019 / Source: FDICOIG
FOR IMMEDIATE RELEASE Tuesday, July 30, 2019 New Orleans Business Owner Pleads Guilty to Conspiracy to Defraud First NBC Bank NEW ORLEANS – The United States Attorney’s Office announced that KENNETH CHARITY (“CHARITY”), age 54, a resident of New Orleans, Louisiana, pleaded guilty today to conspiring to defraud First NBC Bank, the New Orleans-based bank that failed…
OCC to Host Innovation Office Hours in Washington, D.C.
August 12, 2019 / Source: OCC
NR 2019-89 FOR IMMEDIATE RELEASE August 12, 2019 Contact: Paul Ross (202) 649-6870 OCC to Host Innovation Office Hours in Washington, D.C. WASHINGTON — The Office of the Comptroller of the Currency (OCC) today announced it will hold Innovation Office Hours, October 8-10, in Washington, D.C., to promote responsible innovation in the federal banking system….
CONSUMER FINANCIAL PROTECTION BUREAU SETTLES LAWSUIT AGAINST ITT EDUCATIONAL SERVICES
August 12, 2019 / Source: CFPB
FOR IMMEDIATE RELEASE: August 12, 2019 MEDIA CONTACT: Office of Communications Tel: (202) 435-7170 CONSUMER FINANCIAL PROTECTION BUREAU SETTLES LAWSUIT AGAINST ITT EDUCATIONAL SERVICES Washington, D.C. — The Consumer Financial Protection Bureau (Bureau) today announced a proposed settlement with ITT Educational Services, Inc. to resolve the Bureau’s lawsuit, which alleges that ITT engaged in unfair and abusive…
Prohibition Against Interstate Deposit: Annual Host State Loan-to-Deposit Ratios
August 9, 2019 / Source: OCC
OCC BULLETIN 2019-41 Subject: Prohibition Against Interstate Deposit Date: August 9, 2019 To: Chief Executive Officers and Compliance Officers of National Banks and Federal Branches, Department and Division Heads, All Examining Personnel, and Other Interested Parties Description: Annual Host State Loan-to-Deposit Ratios Summary The Office of the Comptroller of the Currency (OCC), the Board of Governors…
OCC Releases CRA Evaluations for 42 National Banks and Federal Savings Associations
August 9, 2019 / Source: OCC
NR 2019-87 FOR IMMEDIATE RELEASE August 8, 2019 Contact: (202) 649-6870 OCC Releases CRA Evaluations for 42 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 July 1, 2019…
OCC Hosts Nashville Workshop for Board Directors and Bank Management
August 8, 2019 / Source: OCC
NR 2019-86 FOR IMMEDIATE RELEASE August 8, 2019 Contact: Stephanie Collins (202) 649-6870 OCC Hosts Nashville Workshop for Board Directors and Bank Management WASHINGTON — The Office of the Comptroller of the Currency (OCC) will host a workshop in Nashville, Tenn., at the Spring Hill Suites Nashville Downtown, September 24-25, for directors, senior management team…
An update on credit access and the Bureau’s first No-Action Letter
August 8, 2019 / Source: CFPB
An update on credit access and the Bureau’s first No-Action Letter By Patrice Ficklin and Paul Watkins – AUG 06, 2019 For some consumers, the use of unconventional sources of information, or “alternative data,” to evaluate creditworthiness may be a way to increase access to credit or decrease the cost of credit. Alternative data includes information not typically found in…
OCC Hosts Compliance and Operational Risk Workshops in Virginia
August 7, 2019 / Source: OCC
NR 2019-85 FOR IMMEDIATE RELEASE August 7, 2019 Contact: Stephanie Collins (202) 649-6870 OCC Hosts Compliance and Operational Risk Workshops in Virginia WASHINGTON — The Office of the Comptroller of the Currency (OCC) will host two workshops in Williamsburg, Va., at the DoubleTree Hotel Williamsburg, September 24 and 25, for directors of national community banks…
More US Lawmakers Questioning Capital One, Amazon
August 7, 2019 / Source: Bank Info Security
More US Lawmakers Questioning Capital One, Amazon Massive Data Breach Draws Bipartisan AttentionAkshaya Asokan (asokan_akshaya) • August 7, 2019 A little more than a week after the data breach at Capital One was revealed, more U.S. lawmakers are raising questions about what happened at the bank, including what role, if any, Amazon Web Services and its cloud…
Nacha Statement Regarding Federal Reserve Board’s Plan to Develop a Real-Time Payment and Settlement Service
August 6, 2019 / Source: NACHA
Nacha Statement Regarding Federal Reserve Board’s Plan to Develop a Real-Time Payment and Settlement Service POSTED ON August 05, 2019 As the administrator of the ACH Network, and as an industry association dedicated to bringing diverse stakeholders together, Nacha is committed to working cooperatively with the Federal Reserve and The Clearing House as payment…
Federal Reserve announces plan to develop a new round-the-clock real-time payment and settlement service to support faster payments
August 6, 2019 / Source: FRB
Press Release August 05, 2019 Federal Reserve announces plan to develop a new round-the-clock real-time payment and settlement service to support faster payments For release at 1:30 p.m. EDT Share The Federal Reserve Board on Monday announced that the Federal Reserve Banks will develop a new round-the-clock real-time payment and settlement service, called the FedNow℠…
B2B NACHA Webinar Available This Morning!
August 6, 2019 / Source:
Back2Basics Webinar for August available this morning after 8 AM. Find it by logging into C/A's website as a member. Then go to —> News & Events —> Past Events —> Past Webinars Because of travel schedules, this webinar will be pre-recorded and made available after 8:00 am Central on August 6, 2019. NACHA Rules…
August 2019 FDIC Issues List of Banks Examined for CRA Compliance
August 5, 2019 / Source: FDIC
Press Releases FDIC Issues List of Banks Examined for CRA Compliance FOR IMMEDIATE RELEASE August 5, 2019 Media Contact: LaJuan Williams-Young (202) 898-3876 [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 Cashier’s Checks of National Bank of Blacksburg, Blacksburg, Va.
August 5, 2019 / Source: OCC
Alert 2019-7 Subject: Counterfeit Cashier's Checks Date: August 5, 2019 Description: National Bank of Blacksburg Counterfeit Cashier’s Checks of National Bank of Blacksburg, Blacksburg, Va. 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…
CFPB Extends Comment Period for Debt Collection Proposal
August 2, 2019 / Source: CFPB
CFPB Extends Comment Period for Debt Collection Proposal AUG 02, 2019 WASHINGTON, D.C. – The Consumer Financial Protection Bureau (Bureau) announced today that it is extending the comment period on its Notice of Proposed Rulemaking (NPRM) implementing the Fair Debt Collection Practices Act (FDCPA). To facilitate the ability of commenters to consider the issues raised in the…