OCC Hosts Compliance and Operational Risk Workshops in Los Angeles 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 savings associations supervised by the OCC.
OCC Hosts Compliance and Operational Risk Workshops in Los Angeles 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 savings associations supervised by the OCC.
FDIC Summary of Deposits Summary of Deposits September 13, 2019 The Federal Deposit Insurance Corporation's (FDIC) Summary of Deposits (SOD) has been updated with data from the June 30, 2019, annual survey. The SOD provides deposit totals for each of the more than 86,000 domestic offices operated by more than 5,300 FDIC-insured commercial and savings banks, savings associations, and U.S. branches of foreign banks. The SO...
FDIC Releases Results of Summary of Deposits Annual Survey For Immediate Release September 13, 2019 Press Release Media Contact:David Barr(202) 898-6992dbarr@fdic.gov FDIC Releases Results of Summary of Deposits Annual Survey The Federal Deposit Insurance Corporation (FDIC) today released results of its annual survey of branch office deposits for all FDIC-insured institutions as of June 30, 2019. The FDIC's Summary of Deposits (SOD) provides deposit tota...
OCC Releases CRA Evaluations for 26 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 August 1, 2019 through August 31, 2019. The list contains only national banks, federal savings associations, and insured federal branches of foreign banks that have received ratings.
FDIC Issues List of Banks Examined for CRA Compliance For Immediate Release September 5, 2019 Press Release Media Contact:David Barr(202) 898-6992dbarr@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 inst...
FDIC-Insured Institutions Report Net Income of $62.6 Billion in Second Quarter 2019 For Immediate Release September 5, 2019 Press Release Media Contact:Julianne Fisher Breitbeil(202) 898-6895E-mail: jbreitbeil@fdic.gov 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 from a Yea...
Changes to the Volcker Rule Changes to the Volcker Rule On August 20th, the Office of the Comptroller of the Currency (OCC) announced that they, along with the Federal Deposit Insurance Corporation (FDIC), had approved amendments to the Volcker Rule, an important regulation that prevents certain financial institutions from participating in proprietary, or prop, trading and limits their involvement with covered funds. The ne...
OCC Allows National Banks and Federal Savings Associations Affected by Hurricane Dorian in Southeast United States 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 Dorian in the Southeast region of the United States to close.
OCC Hosts Minority Depository Institutions Advisory Committee Meeting September 19 The Office of the Comptroller of the Currency (OCC) today announced it will host a public meeting of the Minority Depository Institutions Advisory Committee (MDIAC) on Thursday, September 19, 2019, beginning at 8:30 a.m., Eastern Daylight Time (EDT).
OCC Hosts Mutual Savings Association Advisory Committee Meeting September 17 The Office of the Comptroller of the Currency (OCC) today announced it will host a public meeting of the Mutual Savings Association Advisory Committee (MSAAC) on Tuesday September 17, 2019, beginning at 8:30 a.m. Eastern Daylight Time (EDT).
OCC Issues Fourth Quarter 2019 and First Quarter 2020 CRA Evaluation Schedule The Office of the Comptroller of the Currency today released its schedule of Community Reinvestment Act evaluations to be conducted in the fourth quarter 2019 and the first quarter 2020.
FDIC Makes Public July Enforcement Actions For Immediate Release August 30, 2019 Press Release Media contact:David Barr(202) 898-6992dbarr@fdic.gov FDIC Makes Public July Enforcement Actions One Administrative Hearing Scheduled for September 2019 The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in July. There is one administrative hea...
FDIC Issues CRA Examination Schedules For Immediate Release August 30, 2019 Press Release Media contact:David Barr(202) 898-6992dbarr@fdic.gov FDIC Issues CRA Examination Schedules for Fourth Quarter 2019 and First Quarter 2020 The Federal Deposit Insurance Corporation (FDIC) today issued the lists of institutions scheduled for a Community Reinvestment Act (CRA) examination during the fourth quarter of 2019 and first quarter of 2020....
August 2019 - Compliance Alert The Consumer Financial Protection Bureau (CFPB) CFPB Extends Comment Period for Proposal on Debt Collection The Consumer Financial Protection Bureau announced that it will extend the comment period for its proposal implementing the Fair Debt Collection Practices Act. This choice was made to make sure that commenters can take into consideration issues raised during its Notice of Proposed Rulemakin...
OCC Hosts Risk Governance and Credit Risk Workshops in Chicago The Office of the Comptroller of the Currency (OCC) will host two workshops at the OCC Central District Office in Chicago, October 1 and 2, for directors of national community banks and federal savings associations supervised by the OCC.
Beware of Fake Checks Beware of Fake Checks Even in todays digital and mobile world where electronic money transfers are common, consumers and businesses may still prefer the assumed security of paper cashiers checks or official bank checks for large or major payments. Recipients generally prefer one of these checks over a personal check because the financial institution presumably has already collected the funds from...
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 Hosts Nashville Workshop for Board Directors and Bank Management 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 members, and other key executives of national community banks and federal savings associations supervised by the OCC.
OCC Hosts Nashville Workshop for Board Directors and Bank Management 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 members, and other key executives of national community banks and federal savings associations supervised by the OCC.