Civil money penalties were assessed against First Ipswich Bank (Ipswich, Mass.) and Brookline Bank (Brookline, Mass.) of $20,000 and $36,000, respectively, over violations of federal flood insurance rules, according to orders executed last week by […]
A former head teller and vault custodian for Farmers & Merchants Bank (Baldwin, Miss.) who embezzled about $441,321 over a 12-year period would be barred from participating in the affairs of any federally insured financial […]
A final rule to provide partial assessment refunds to banks that exit the jurisdiction of the Office of the Comptroller of the Currency (OCC) by the day after the date of their first or third […]
A proposal to revise federal deposit insurance regulations to automatically apply small-bank credits to quarterly assessments when the bank deposit insurance fund ratio is at least 1.35% is out for a 30-day public comment period […]
Revisions adopted by two banking agencies Tuesday to the the Volcker Rule, which was put in place generally to prohibit proprietary trading and involvement with hedge funds by certain large banking organizations, will simplify the […]
An update to its Bank Accounting Advisory Series (BAAS) was issued by the Office of the Comptroller of the Currency (OCC), the regulator said in a release Thursday. And while the BAAS doesn’t comprise official […]
Brian G. Cameron has been appointed private education loan ombudsman at the Consumer Financial Protection Bureau (CFPB), filling a post that has been vacant since the resignation nearly one year ago by the former ombudsman. […]
A former senior vice president of Firstar Bank, N.A., of Sallisaw, Okla., is being charged by federal banking regulators with fabricating documents to grow his line of credit with the bank until it reached $3.9 […]
In a case reminiscent of one reported in January, the Consumer Financial Protection Bureau (CFPB) and the Office of the Arkansas Attorney General on Tuesday filed a proposed settlement that bans a broker – Andrew […]
The Federal Financial Institutions Examination Council’s (FFIEC) Appraisal Subcommittee (ASC), which oversees states’ real estate appraisal programs, is set to hold its next open meeting at 10 a.m. ET on Aug. 28 in Washington. Reports […]
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