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281 Arrested Worldwide in Coordinated International Enforcement Operation Targeting Hundreds of Individuals in Business Email Compromise Schemes
September 12, 2019 / Source: DOJ
JUSTICE NEWS Department of Justice Office of Public Affairs FOR IMMEDIATE RELEASE Tuesday, September 10, 2019 281 Arrested Worldwide in Coordinated International Enforcement Operation Targeting Hundreds of Individuals in Business Email Compromise Schemes 74 Alleged Fraudsters Arrested in the United States Federal authorities announced today a significant coordinated effort to disrupt Business Email…
Nacha Statement on Unauthorized ACH Reversals
September 12, 2019 / Source: NACHA
Nacha Statement on Unauthorized ACH Reversals POSTED ON September 10, 2019 Nacha advises individuals that think they have been negatively impacted by MyPayRollHR.com to notify and file an unauthorized ACH transaction form with their bank or credit union. Reversing a valid payroll deposit is not permitted under the Nacha Rules that govern the ACH Network….
Federal Reserve Board announces approval of application by Vista Bank
September 11, 2019 / Source: FRB
Press Release September 11, 2019 Federal Reserve Board announces approval of application by Vista Bank For release at 12:00 p.m. EDT Share The Federal Reserve Board on Wednesday announced its approval of the application under section 9 of the Federal Reserve Act by Vista Bank, Ralls, Texas, to establish a branch at 5840 West Northwest…
Comptroller of the Currency Discusses Community Reinvestment Act, Honored for his Philanthropy
September 11, 2019 / Source: OCC
Comptroller of the Currency Discusses Community Reinvestment Act, Honored for his Philanthropy SHARE THIS PAGE: · SANTA ANA, Calif.—Comptroller of the Currency Joseph Otting today discussed community reinvestment and economic opportunity during remarks at the 2019 Illumination Reception hosted by the Oasis Center International, in Santa Ana, Calif. During his comments, Comptroller Otting highlighted how…
CFPB and State Regulators Launch American Consumer Financial Innovation Network
September 10, 2019 / Source: CFPB
CFPB and State Regulators Launch American Consumer Financial Innovation Network SEP 10, 2019 WASHINGTON, D.C. – The Consumer Financial Protection Bureau (Bureau), working in partnership with multiple state regulators, launched the American Consumer Financial Innovation Network (ACFIN), a network to enhance coordination among federal and state regulators to facilitate financial innovation. The Bureau invited all state…
CFPB Issues Policies to Facilitate Compliance and Promote Innovation
September 10, 2019 / Source: CFPB
CFPB Issues Policies to Facilitate Compliance and Promote Innovation First No-Action Letter Issued to HUD Housing Counseling Agencies SEP 10, 2019 WASHINGTON, D.C. – The Consumer Financial Protection Bureau (Bureau) today issued three new policies to promote innovation and facilitate compliance: the No-Action Letter (NAL) Policy, Trial Disclosure Program (TDP) Policy, and Compliance Assistance Sandbox (CAS)…
Request for Comments on Interest Rate Restrictions Applicable to Institutions That Are Less Than Well Capitalized
September 10, 2019 / Source: FDIC
Financial Institution Letters FIL-49-2019 September 9, 2019 Request for Comments on Interest Rate Restrictions Applicable to Institutions That Are Less Than Well Capitalized Printable Format: FIL-49-2019 – PDF (PDF Help) Summary: The FDIC has issued a Notice of Proposed Rulemaking (NPR) seeking comment on proposed revisions to its regulations on interest rate restrictions that apply to…
OCC Hosts Compliance and Operational Risk Workshops in Los Angeles
September 9, 2019 / Source: OCC
News Release 2019-103 | September 9, 2019 OCC Hosts Compliance and Operational Risk Workshops in Los Angeles SHARE THIS PAGE: · WASHINGTON—The Office of the Comptroller of the Currency (OCC) will host two workshops in Los Angeles at the Federal Reserve Bank of Los Angeles, October 22 and 23, for directors of national community banks and federal…
Consumer Financial Protection Bureau Files Suit against Certified Forensic Loan Auditors, Andrew Lehman, and Michael Carrigan, and Proposed Settlement with Carrigan
September 9, 2019 / Source: CFPB
Consumer Financial Protection Bureau Files Suit against Certified Forensic Loan Auditors, Andrew Lehman, and Michael Carrigan, and Proposed Settlement with Carrigan SEP 06, 2019 Washington, D.C. — Today the Consumer Financial Protection Bureau (Bureau) filed a complaint in federal court in the Central District of California against Certified Forensic Loan Auditors, LLC (CFLA), Andrew Lehman (Lehman),…
Federal Reserve Board invites public comment on proposal to establish capital requirements for certain insurance companies supervised by the Board
September 6, 2019 / Source: FRB
Press Release September 06, 2019 Federal Reserve Board invites public comment on proposal to establish capital requirements for certain insurance companies supervised by the Board For release at 11:30 a.m. EDT Share The Federal Reserve Board on Friday invited public comment on a proposal to establish capital requirements for certain insurance companies supervised by the…
OCC Releases CRA Evaluations for 26 National Banks and Federal Savings Associations
September 6, 2019 / Source: OCC
News Release 2019-102 | September 6, 2019 OCC Releases CRA Evaluations for 26 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 August 1, 2019 through August 31, 2019….
FDIC-Insured Institutions Report Net Income of $62.6 Billion in Second Quarter 2019
September 5, 2019 / Source: FDIC
Press Releases FOR IMMEDIATE RELEASE September 5, 2019 Media contact: Julianne Fisher Breitbeil (202) 898-6895 [email protected] FDIC-Insured Institutions Report Net Income of $62.6 Billion in Second Quarter 2019 Net Income Increases 4.1 Percent from Second Quarter 2018 Net Interest Margin Remains Stable at 3.39 Percent Community Banks Report Increase in Net Income of 8.1 Percent…
September 5, 2019: FDIC Issues List of Banks Examined for CRA Compliance
September 5, 2019 / Source: FDIC
Press Releases FDIC Issues List of Banks Examined for CRA Compliance FOR IMMEDIATE RELEASE September 5, 2019 Media contact: David Barr (202) 898-6992 [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…
Introductory Remarks Governor Michelle W. Bowman
September 4, 2019 / Source: FRB
Speech PDF September 04, 2019 Introductory Remarks Governor Michelle W. Bowman At a Fed Listens Event sponsored by the Federal Reserve Bank of St. Louis, St. Louis, Missouri Share Watch Live In keeping with the purpose of Fed Listens, I would like to spend most of our time in conversation, but I do want to offer a…
Freddie Mac Confirms Disaster Relief Policies As Hurricane Dorian Approaches
September 4, 2019 / Source: Freddie Mac
Freddie Mac Confirms Disaster Relief Policies As Hurricane Dorian Approaches PDF Version MCLEAN, Va., Aug. 29, 2019 (GLOBE NEWSWIRE) — Freddie Mac(OTCQB: FMCC) today reminded mortgage servicers of its disaster relief policies for borrowers as Hurricane Dorian approaches Florida. Freddie Mac's disaster relief options are available to borrowers whose homes or places of employment are…
Treyton Thomas Sentenced to 262 Months’ Imprisonment for Multi-Million Dollar Investment Fraud Scheme and Income Tax Evasion
September 3, 2019 / Source: FDICOIG
FOR IMMEDIATE RELEASE Thursday, August 29, 2019 Treyton Thomas Sentenced to 262 Months' Imprisonment for Multi-Million Dollar Investment Fraud Scheme and Income Tax Evasion RALEIGH – Robert J. Higdon, Jr., United States Attorney for the Eastern District of North Carolina, announces that today, United States District Judge James C. Dever III sentenced TREYTON LEE THOMAS, age 63,…
CFPB Releases Research on Tax Time Savings
September 3, 2019 / Source: CFPB
CFPB Releases Research on Tax Time Savings SEP 03, 2019 WASHINGTON, D.C. – The Consumer Financial Protection Bureau (Bureau) released today the results of a pilot study, Planning for tax-time savings, launched with the tax preparation company H&R Block that shows that simple messages encouraging customers to use their prepaid card to save at tax time…