Agencies Post Public Sections of July 2018 Plans Joint Release July 9, 2018 Press Release Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation Agencies Post Public Sections of July 2018 Plans WASHINGTON The Federal Reserve Board and the Federal Deposit Insurance Corporation (FDIC) on Monday released the public portions of four foreign banking organizations' resolution plans, which are required by the Dodd-Frank...
CFPB penalizes payday debt collector but reduces fine The CFPB said National Credit Adjusters had hired third-party collectors that routinely inflated the amounts that customers owed.
Senate Dems urge CFPB to reinstate advisory board Members of the panel and two other advisory boards were all terminated in June and told they could not reapply for their positions.
OCC Hosts Mutual Savings Association Advisory Committee Meeting on July 24 The Office of the Comptroller of the Currency (OCC) will host a public meeting of the Mutual Savings Association Advisory Committee (MSAAC) Tuesday, July 24, 2018, beginning at 1:00 p.m. Eastern Daylight Time (EDT).
Fictitious Notification Regarding the Release of Funds Supposedly Under the Control of the Office of the Comptroller of the Currency Consumers have reported receiving fictitious e-mail messages, allegedly initiated by the Office of the Comptroller of the Currency (OCC), regarding funds purportedly under the control of the OCC. Any communication claiming that the OCC is involved in holding any funds for the benefit of any individual or entity is fraudulent. The OCC does not participate in the transfer of funds for, or on behalf...
OCC Hosts Risk Governance and Credit Risk Workshops in St. Louis The Office of the Comptroller of the Currency (OCC) will host two workshops at the Magnolia Hotel St. Louis in St. Louis, Mo., August 21-22, for directors of national community banks and federal savings associations supervised by the OCC.
FDIC Issues List of Banks Examined for CRA Compliance For Immediate Release July 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 to ...
Agencies Issue Statement Regarding the Impact of the Economic Growth, Regulatory Relief, and Consumer Protection Act Joint Release July 6, 2018 Press Release Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation Office of the Comptroller of the Currency Agencies Issue Statement Regarding the Impact of the Economic Growth, Regulatory Relief, and Consumer Protection Act WASHINGTONFederal banking agencies today issued a statement detailing rules and associated reporting requirement...
Small banks are told they are targets for launderers A money-laundering scandal at Denmark's largest bank has prompted increased regulatory scrutiny at larger banks, so criminals may try to filter dirty money at smaller institutions, a regulator warned.
BankThink 'Doomed'? Fintech partnerships are vital Despite some criticisms of the strategy, community banks should continue to pair up with fintech companies that can help them expand their digital offerings.
TokenPay acquires stake in Germany-based WEG Bank TokenPay Swiss has acquired a stake of 9.9% in WEG Bank along with options to buy another 90%, subject to customary regulatory approval.
Banking agencies signal relief for regional banks The Fed, the FDIC and the OCC said Friday that they have begun implementing changes for regional banks under the new regulatory relief law passed in May.
OCC Releases CRA Evaluations for 20 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 June 1, 2018 through June 30, 2018. The list contains only national banks, federal savings associations, and insured federal branches of foreign banks that have received ratings. The possible ratings are outstanding, satisfactory, ...
FDIC Announces Meeting of Advisory Committee on Community Banking For Immediate Release July 5, 2018 Press Release Media Contact:LaJuan Williams-Young(202) 898-3876lwilliams-young@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, July 11. FDIC senior staff will brief Committee members ...
This month could be a turning point in fintech regulation Online lenders and other firms await news from OCC and Treasury on the future of their supervision, even as they absorb the news that Square had to temporarily pull its industry loan company application.
Battle over control of CFPB is about to end Leandra English, who sued President Trump and Mick Mulvaney last year claiming to be the rightful director of the CFPB, said Friday that she plans to resign and drop the litigation.
Morning Scan CFPB wont pursue Zillow case; U.K. banks warned to fix IT The decision not to go after the real estate firm could have serious implications for lenders; British banks have three months to address technology issues.
Regulators Extend the Next Resolution Plan Filing Deadline for 14 Domestic Firms Joint Release July 2, 2018 Press Release Board of Governors of the Federal Reserve SystemFederal Deposit Insurance Corporation Regulators Extend the Next Resolution Plan Filing Deadline for 14 Domestic Firms The Federal Reserve Board and the Federal Deposit Insurance Corporation on Monday announced that they have extended the next resolution plan filing deadline for 14 domestic firms by one year ...
FDIC Makes Public May Enforcement Actions For Immediate Release June 29, 2018 Press Release Media Contact:LaJuan Williams-Young(202) 898-3876lwilliams-young@fdic.gov FDIC Makes Public May Enforcement Actions No Administrative Hearings Scheduled for July 2018 The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in May. There are no admini...
IRDAI approves LIC's proposal to increase stake in IDBI Bank Life Insurance Corporation of India (LIC) has secured approval from the Insurance Regulatory and Development Authority of India (IRDAI) to increase its stake in the IDBI Bank from 10% to 51%.