The Fed
Year: 2019
Nominees
FDIC
Two banks rated ‘needs to improve’ in latest FDIC ratings under CRA, but four are ‘outstanding’
Of the 91 banks assigned Community Reinvestment Act (CRA) evaluation ratings by their federal regulator in April, two were rated “needs to improve” while four were rated “outstanding,” according to information released Wednesday by the […]
The Fed
Fed begins process to fill EGRRCPA-mandated insurance panel, seeks ‘statements of interest’ in serving
A new Insurance Policy Advisory Committee on International Capital Standards and Other Insurance Issues is being formed by the Federal Reserve Board under requirement of last year’s regulatory relief law, and the Fed is seeking […]
OCC
OCC deems 5 banks ‘outstanding,’ 18 ‘satisfactory’ in CRA evaluations
Five of the 23 banks whose Community Reinvestment Act (CRA) evaluation ratings became public in June were deemed “outstanding” by their federal regulator for their efforts under the anti-redlining law, with the remaining 18 deemed […]
The Fed
Fed Board delegates added authorities to Reserve Banks
A final rule bestowing added authorities on the Federal Reserve Banks to approve certain types of applications, notices and requests is slated to take effect Wednesday, according to a Federal Reserve Board notice of final […]
OCC
National bank regulator schedules SD board, senior management workshop
Directors and senior management of South Dakota and regional banks and thrifts can attend an Aug. 6-7 workshop on the roles and responsibilities of financial institution board participation. The session, set for the Holiday Inn […]
FDIC
Multiple bank fraud schemes earn prison sentence of 10 years, $905k in restitution
Seven bank fraud schemes, involving at least 10 victims and more than $5.7 million in intended losses, resulted in a sentence of 10 years in federal prison and ordered restitution of more than $905,000 for […]
FDIC
FDIC updates consumer exam compliance manual sections on appeals, HMDA exams, violation codes, more
Revised or new information regarding appeals of material supervisory determinations, Home Mortgage Disclosure Act (HMDA) exam procedures, SOURCE violation codes, and more are included in June 2019 updates to the manual that bank examiners use […]
NCUA
More CUs submit diversity self assessments; some advancement noted
While only 81 credit unions submitted a diversity self-assessment form last year, more than half that did so (57%) reported a “leadership/organizational” commitment to diversity at their institutions, the federal credit union regulator reports. In […]