Agencies Issue Statement Regarding Financial Institutions Affected by Hurricane Michael Joint Release October 10, 2018 Press Release Board of Governors of the Federal Reserve SystemConference of State Bank SupervisorsFederal Deposit Insurance CorporationNational Credit Union AdministrationOffice of the Comptroller of the Currency Federal and State Financial Regulatory Agencies Issue Interagency Statement on Supervisory Practices Regarding Financial Institutions Affected by Hurricane...
OCC Allows National Banks and Federal Savings Associations Affected by Hurricane Michael in the Gulf Coast Region to Close The Office of the Comptroller of the Currency (OCC) today issued a proclamation allowing national banks, federal savings associations, and federal branches and agencies of foreign banks affected by severe weather conditions associated with Hurricane Michael in the Gulf Coast region to close.
FDIC Announces New Members for the Advisory Committee on Community Banking For Immediate Release October 10, 2018 Press Release Media Contact:Julianne Fisher Breitbeil(202) 898-6895jbreitbeil@fdic.gov FDIC Announces New Members for the Advisory Committee on Community Banking The Federal Deposit Insurance Corporation (FDIC) has announced the selection of seven new members for its Advisory Committee on Community Banking, which has been providing advice and recommendations...
FDIC Issues List of Banks Examined for CRA Compliance For Immediate Release October 5, 2018 Press Release Media Contact:Greg Hernandez(202) 898-6984ghernandez@fdic.gov FDIC Issues List of Banks Examined for CRA Compliance 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 FDIC assigned ...
Interagency Statement on Sharing Bank Secrecy Act Resources Joint Release October 3, 2018 Press Release Board of Governors of the Federal Reserve SystemFederal Deposit Insurance CorporationFinancial Crimes Enforcement NetworkNational Credit Union AdministrationOffice of the Comptroller of the Currency Federal Agencies Issue a Joint Statement on Banks and Credit Unions Sharing Resources to Improve Efficiency and Effectiveness of Bank Secrecy Act Compliance...
FDIC to Hold 8th Annual Consumer Research Symposium in Arlington, Virginia For Immediate Release October 5, 2018 Press Release Media Contact:Julianne Fisher Breitbeil(202) 898-6895jbreitbeil@fdic.gov FDIC to Hold 8th Annual Consumer Research Symposium in Arlington, Virginia The Federal Deposit Insurance Corporation (FDIC) will sponsor its 8th Annual Consumer Research Symposium on October 12, 2018. The conference will feature brief remarks by FDIC Chairman Jelena McWilli...
OCC Releases CRA Evaluations for 30 National Banks and Federal Savings Associations The Office of the Comptroller of the Currency (OCC) released a list of Community Reinvestment Act (CRA) performance evaluations that became public during the period of September 1, 2018 through September 30, 2018. The list contains only national banks, federal savings associations, and insured federal branches of foreign banks that have received ratings.
OCC to Host Innovation Office Hours in Dallas The Office of the Comptroller of the Currency (OCC) today announced it will hold Innovation Office Hours, November 14-15, 2018, in Dallas, Texas, to promote responsible innovation in the federal banking system.
FDIC Announces Meeting of Advisory Committee on Community Banking For Immediate Release October 4, 2018 Press Release Media Contact:Julianne Fisher Breitbeil(202) 898-6895jbreitbeil@fdic.gov FDIC Announces Meeting of Advisory Committee on Community Banking The Federal Deposit Insurance Corporation (FDIC) today announced that it will hold a meeting of the Advisory Committee on Community Banking on Wednesday, October 10. The Committee will discuss local banking c...
Federal Agencies Issue a Joint Statement on Banks and Credit Unions Sharing Resources to Improve Efficiency and Effectiveness of Bank Secrecy Act Compliance The federal depository institutions regulators and the U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) today issued a statement to address instances in which certain banks and credit unions may decide to enter into collaborative arrangements to share resources to manage their Bank Secrecy Act (BSA) and anti-money laundering (AML) obligations more efficiently and ef...
FDIC Chairman McWilliams Announces Transparency and Accountability Initiative For Immediate Release October 3, 2018 Press Release Media contact:Julianne Fisher Breitbeil(202) 898-6895jbreitbeil@fdic.gov FDIC Chairman McWilliams Announces Transparency and Accountability Initiative Federal Deposit Insurance Corporation (FDIC) Chairman Jelena McWilliams today announced a new, agency-wide Trust through Transparency initiative in a speech at the 2018 Community Banking in the 21...
Let well-capitalized small banks play in the sandbox: Panelists Speaking at an industry conference Thursday, two tech executives and a community banker said that community banks should be allowed to experiment with new products without worrying about running afoul of regulators.
FDIC Requests Information on Improving Communication with Banks and Other Stakeholders For Immediate Release October 1, 2018 Press Release Media Contact:Julianne Fisher Breitbeil(202) 898-6895jbreitbeil@fdic.gov FDIC Requests Information on Improving Communication with Banks and Other Stakeholders The Federal Deposit Insurance Corporation (FDIC) today announced that it is seeking comments on how the agency can maximize efficiency and minimize burden when communicating information t...
FDIC Releases Report on Small Business Lending Survey For Immediate Release October 1, 2018 Press Release Media Contact:Julianne Fisher Breitbeil(202) 898-6895jbreitbeil@fdic.gov FDIC Releases Report on Small Business Lending Survey The Federal Deposit Insurance Corporation (FDIC) today published a report on the findings of its Small Business Lending Survey, which collected data on how banks conduct their lending to small businesses. The report foun...
BNY Mellon raids BofA, embattled CFPB aide, Anne Finucane's challenge: Top stories of the week BNY Mellon snags tech exec from Bank of America as CTO; dissent spreads at CFPB over top aide's writings; Anne Finucane ready to lead BofA's European operations; and more from this week's most-read stories.
Michigan de novo receives FDIC approval to open MiCommunity Bancorp would be the first bank to open in Michigan in 10 years.
Federal agencies issue a joint statement on banks and credit unions sharing resources to improve efficiency and effectiveness of Bank Secrecy Act compliance Federal agencies issue a joint statement on banks and credit unions sharing resources to improve efficiency and effectiveness of Bank Secrecy Act compliance
Federal agencies issue a joint statement on banks and credit unions sharing resources to improve efficiency and effectiveness of Bank Secrecy Act compliance Federal agencies issue a joint statement on banks and credit unions sharing resources to improve efficiency and effectiveness of Bank Secrecy Act compliance
CFPB settles with group accused of delaying consumers' debt payments The agency alleges that some customers made payments to the e-commerce group even though their accounts had already been sold to third-party debt buyers.
Regulators clarify how institutions can share AML resources The agencies issued a joint statement on the types collaborative arrangements that a bank could employ to make BSA/AML compliance more efficient.