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New C/A Tool: COVID-19 Sample Lobby Closing Notice
March 19, 2020
We developed this sample notice for our member banks to use in the event that they have to temporarily close their lobbies. Examples of alternative services are provided, but please tailor these to your bank's policies and practices during this time. Click here to download it.
FDIC: Insured Bank Deposits are Safe; Beware of Potential Scams Using the Agency’s Name
March 18, 2020 / Source: FDIC
Press Releases FDIC: Insured Bank Deposits are Safe; Beware of Potential Scams Using the Agency's Name FOR IMMEDIATE RELEASE March 18, 2020 Media Contact: Julianne Fisher Breitbeil 202-898-6895 [email protected] WASHINGTON — In light of recent developments related to the coronavirus, the Federal Deposit Insurance Corporation (FDIC) is reminding Americans that FDIC-insured banks remain the safest…
CFPB Director Kraninger Statement on Joint HUD-FHFA Announcement on Foreclosure and Eviction Moratorium
March 18, 2020 / Source: CFPB
CFPB Director Kraninger Statement on Joint HUD-FHFA Announcement on Foreclosure and Eviction Moratorium MAR 18, 2020 WASHINGTON, D.C. – Consumer Financial Protection Bureau Director Kathleen L. Kraninger made the following statement today after the U.S. Department of Housing and Urban Development and the Federal Housing Finance Agency announced a moratorium on foreclosures and evictions: “The…
HUD PROVIDES IMMEDIATE RELIEF FOR HOMEOWNERS AMID NATIONWIDE CORONAVIRUS RESPONSE
March 18, 2020 / Source: HUD
HUD No. 20-042 HUD Public Affairs (202) 708-0685 FOR RELEASE Wednesday March 18, 2020 HUD PROVIDES IMMEDIATE RELIEF FOR HOMEOWNERS AMID NATIONWIDE CORONAVIRUS RESPONSE Suspends all foreclosure and evictions for the next 60 days WASHINGTON – U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson, in consultation with the Trump Administration and the…
FDIC Seeks Comment on Proposal to Ensure Safety and Soundness of Industrial Banks
March 17, 2020 / Source: FDIC
Press Releases FDIC Seeks Comment on Proposal to Ensure Safety and Soundness of Industrial Banks FOR IMMEDIATE RELEASE March 17, 2020 Media Contact: Julianne Fisher Breitbeil 202-898-6895 [email protected] WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) is seeking comment on a proposed rule that would require certain conditions and commitments for approval or non-objection to…
News Release 2020-35: OCC Reports Slight Improvement in Mortgage Performance
March 17, 2020 / Source: OCC
News Release 2020-35 | March 17, 2020 OCC Reports Slight Improvement in Mortgage Performance WASHINGTON—The Office of the Comptroller of the Currency (OCC) reported a slight improvement in the performance of first-lien mortgages in the federal banking system during the fourth quarter of 2019. The OCC Mortgage Metrics Report, Fourth Quarter 2019 showed 96.5 percent of mortgages included in…
Federal Banking Agencies Provide Banks Additional Flexibility to Support Households and Businesses
March 17, 2020 / Source: OCC
News Release 2020-34 | March 17, 2020 Federal Banking Agencies Provide Banks Additional Flexibility to Support Households and Businesses Joint Release Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation Office of the Comptroller of the Currency The federal bank regulatory agencies today announced two actions to support the U.S. economy and allow banks…
FinCEN Encourages Financial Institutions to Communicate Concerns Related to the Coronavirus Disease 2019 (COVID-19) and to Remain Alert to Related Illicit Financial Activity
March 16, 2020 / Source: FinCEN
Immediate Release March 16, 2020 On March 13, 2020, President Trump declared a National Emergency in response to COVID-19.[1] FinCEN requests financial institutions affected by the COVID-19 pandemic to contact FinCEN and their functional regulator as soon as practicable if a COVID-19-affected financial institution has concern about any potential delays in its ability to file…
Federal Banking Agencies Encourage Banks to Use Federal Reserve Discount Window
March 16, 2020 / Source: FDIC
Press Releases Joint Release Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation Office of the Comptroller of the Currency For Immediate Release March 16, 2020 Federal Banking Agencies Encourage Banks to Use Federal Reserve Discount Window The federal bank regulatory agencies today released a statement encouraging banks to use the Federal…
Federal and state financial regulatory agencies issue interagency statement on supervisory practices regarding financial institutions affected by tornadoes in Tennessee
March 13, 2020 / Source: FRB
Joint Press Release March 12, 2020 Federal and state financial regulatory agencies issue interagency statement on supervisory practices regarding financial institutions affected by tornadoes in Tennessee Board of Governors of the Federal Reserve System Conference of State Bank Supervisors Joint Release Federal Deposit Insurance Corporation National Credit Union Administration Office of the Comptroller of the…
Deposit-Related Credit: Revised Comptroller’s Handbook Booklet
March 13, 2020 / Source: OCC
OCC Bulletin 2020-14| March 12, 2020 Deposit-Related Credit: Revised Comptroller’s Handbook Booklet To Chief Executive Officers of All National Banks, Federal Savings Associations, and Federal Branches and Agencies; Department and Division Heads; All Examining Personnel; and Other Interested Parties Summary The Office of the Comptroller of the Currency (OCC) issued today a fully revised “Deposit-Related Credit” booklet…
New report explores trends for first-time homebuyers
March 12, 2020 / Source: CFPB
New report explores trends for first-time homebuyers By Logan Herman and Kristin Wong – MAR 12, 2020 Today the Consumer Financial Protection Bureau released a new Market Snapshot that explores first-time homeownership. For households attempting to transition from renting to owning, shifts in the housing and mortgage markets can play a large role in whether they can afford to buy a…
Nacha Issues Operations Bulletin in Light of Coronavirus
March 12, 2020 / Source: NACHA
Nacha Issues Operations Bulletin in Light of Coronavirus POSTED ON March 10, 2020 On March 9, Nacha issued an Operations Bulletin reminding financial institutions of the importance of reviewing their business continuity plans to ensure that they are prepared to maintain ACH payment processing capabilities in the event of possible workforce disruptions due to…
FDIC Extends Comment Period on Modernizing Agency’s Signage & Advertising Requirements
March 12, 2020 / Source: FDIC
Press Releases FDIC Extends Comment Period on Modernizing Agency's Signage & Advertising Requirements FOR IMMEDIATE RELEASE March 11, 2020 Media contact: Brian Sullivan (202) 898-6534 [email protected] WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today extended the public comment period for its Request for Information (RFI) on potential ways to modernize the FDIC's sign and…
Agencies encourage financial institutions to meet financial needs of customers and members affected by coronavirus
March 12, 2020 / Source: FRB
Joint Press Release March 09, 2020 Agencies encourage financial institutions to meet financial needs of customers and members affected by coronavirus Board of Governors of the Federal Reserve System Consumer Financial Protection Bureau Federal Deposit Insurance Corporation National Credit Union Administration Office of the Comptroller of the Currency Conference of State Bank Supervisors For release…
Pandemic Planning: Updated FFIEC Guidance
March 9, 2020 / Source: OCC
Pandemic Planning: Updated FFIEC Guidance To Chief Executive Officers of All National Banks, Federal Savings Associations, and Federal Branches and Agencies; Department and Division Heads; All Examining Personnel; and Other Interested Parties Summary The Office of the Comptroller of the Currency (OCC), along with other members of the Federal Financial Institutions Examination Council (FFIEC), today issued…
ACH Operations Bulletin #2-2020: Nacha Issues Reminder Regarding ACH Responsibilities to Financial Institutions Potentially Impacted by Coronavirus
March 9, 2020 / Source: NACHA
ACH Operations Bulletin #2-2020: Nacha Issues Reminder Regarding ACH Responsibilities to Financial Institutions Potentially Impacted by Coronavirus POSTED ON March 09, 2020 SHARE POST In light of the potential impact of coronavirus, Nacha reminds financial institutions of the importance of reviewing their business continuity plans to ensure that they are prepared to maintain ACH payment…
Federal Reserve Board publishes Community Reinvestment Act Analytics Data Tables
March 6, 2020 / Source: FRB
Press Release March 06, 2020 Federal Reserve Board publishes Community Reinvestment Act Analytics Data Tables For release at 12:00 p.m. EST Share The Federal Reserve Board on Friday released a series of Community Reinvestment Act (CRA) Analytics Data Tables. This data resource is intended to provide insight into the historical relationship between bank lending activity…
Licensing Amendments: Notice of Proposed Rulemaking
March 6, 2020 / Source: OCC
OCC Bulletin 2020-12| March 6, 2020 Licensing Amendments: Notice of Proposed Rulemaking To Chief Executive Officers of All National Banks, Federal Savings Associations, and Federal Branches and Agencies; Department and Division Heads; All Examining Personnel; and Other Interested Parties Summary The Office of the Comptroller of the Currency (OCC) is proposing to amend its rules relating to…
2020 National Interagency Community Reinvestment Conference March 9-12 in Denver Has Been Postponed
March 5, 2020 / Source: FDIC
Press Releases Joint Release Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation Office of the Comptroller of the Currency For Immediate Release March 5, 2020 2020 National Interagency Community Reinvestment Conference March 9-12 in Denver Has Been Postponed After careful consideration of the growing public health concerns associated with the coronavirus…
Comptroller of the Currency Statement on the House Financial Services Committee’s Report on Wells Fargo
March 5, 2020 / Source: OCC
News Release 2020-26 | March 5, 2020 Comptroller of the Currency Statement on the House Financial Services Committee’s Report on Wells Fargo WASHINGTON — Comptroller of the Currency Joseph M. Otting today issued the following statement regarding the recent House Financial Services Committee’s report on Wells Fargo. The Office of the Comptroller of the Currency shares the…
Federal Reserve Board approves rule to simplify its capital rules for large banks, preserving the strong capital requirements already in place
March 5, 2020 / Source: FRB
Press Release March 04, 2020 Federal Reserve Board approves rule to simplify its capital rules for large banks, preserving the strong capital requirements already in place For release at 4:30 p.m. EST Share The Federal Reserve Board on Wednesday approved a rule to simplify its capital rules for large banks, preserving the strong capital requirements…
FinCEN Penalizes U.S. Bank Official for Corporate Anti-Money Laundering Failures
March 4, 2020 / Source: FinCEN
FinCEN Penalizes U.S. Bank Official for Corporate Anti-Money Laundering Failures Contact Office of Strategic Communications, 703-905-3770 Immediate Release March 04, 2020 WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) has assessed a $450,000 civil money penalty against Michael LaFontaine, former Chief Operational Risk Officer at U.S. Bank National Association (U.S. Bank), for his failure to prevent violations of the…
FDIC Issues December 2019 List of Banks Examined for CRA Compliance
March 4, 2020 / Source: FDIC
Press Releases FDIC Issues List of Banks Examined for CRA Compliance FOR IMMEDIATE RELEASE March 4, 2020 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…
OCC Releases CRA Evaluations for 19 National Banks and Federal Savings Associations
March 3, 2020 / Source: OCC
News Release 2020-25 | March 3, 2020 OCC Releases CRA Evaluations for 19 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 February 1, 2020 through February 29, 2020….