The partial exemption from Home Mortgage Disclosure Act (HMDA) reporting of certain data points, as provided under the Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCPA, S. 2155), and limitations on its applicability is […]
Seven new members have been named to the advisory committee that provides community banking advice and recommendations on policy and regulatory matters to the federal bank deposit insurance agency, the agency announced Wednesday. The Federal […]
A recent joint agency statement on resource-sharing as a way to better manage Bank Secrecy Act/anti-money laundering (BSA/AML) programs was forwarded individually by regulators to the institutions they supervise – most noting that such collaboration is […]
Federal bank and credit union regulators on Tuesday issued statements and noted resources available to assist institutions in the path of Hurricane Michael, which had grown to a Category 3 storm as it headed toward […]
A final rule that conforms provisions of the Swap Margin Rule with banking agency rules limiting certain qualified financial contracts (QFCs) has been adopted as proposed and is set to take effect Nov. 9. The […]
A list of state nonmember banks whose Community Reinvestment Act (CRA) ratings were released Friday covers 66 banks across six regions, with all rated as “satisfactory” except for three. The list, released by the Federal […]
Civil money penalties (CMPs) ranging from a low of $150 to a high of $920, with a grand total of $4,133, are to be paid by 10 credit unions that filed late call reports for […]
The federal receiverships of three failed banks in Florida, North Carolina, and Illinois were terminated Oct. 1, and an additional receivership is scheduled to end about 30 days from now, according to notices Friday in […]
A consent order citing substantial delays in an online retailer’s forwarding of customers’ payments on debts already sold to debt buyers requires process improvements and imposes a civil money penalty of $200,000, the federal consumer […]
Treasury’s Financial Crimes Enforcement Network (FinCEN) issued an advisory Thursday to alert U.S. financial institutions of the increasing risk that proceeds of political corruption from Nicaragua may enter or traverse the U.S. financial system. FinCEN says it […]
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