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[ May 29, 2020 ] Rule aims to clarify permissible interest on transferred loans in face of Madden decision OCC
[ May 29, 2020 ] Minority depository institutions advisory panel for OCC meets June 17 OCC
[ May 29, 2020 ] Considering a merger? You’ll have to keep it under $2.1 trillion under new Fed calculation The Fed
[ May 29, 2020 ] Banks’ ‘lowest comfortable level of reserves’ largely unchanged from last August, Fed report shows The Fed
[ May 29, 2020 ] Acting comptroller lists four priorities he intends to address as tenure begins, with a twist on local community investment OCC

Regulatory Capital Rule: Temporary Exclusion of U.S. Treasury Securities and Deposits at Federal Reserve Banks from the Supplementary Leverage Ratio for Depository Institutions

May 18, 2020 0

Title: Regulatory Capital Rule: Temporary Exclusion of U.S. Treasury Securities and Deposits at Federal Reserve Banks from the Supplementary Leverage Ratio for Depository Institutions Subject: Supplementary leverage ratio, coronavirus response Agency: FDIC, Federal Reserve, OCC […]

Regulatory Capital Rule: Revised Transition of the Current Expected Credit Losses Methodology for Allowances

May 18, 2020 0

Title: Regulatory Capital Rule: Revised Transition of the Current Expected Credit Losses Methodology for Allowances Subject: CECL, regulatory capital; coronavirus response Agency: FDIC, Federal Reserve, OCC Status: Interim final rule Summary: The Office of the […]

Powell, Mnuchin to give CARES Act testimony Tuesday to Senate Banking

May 15, 2020 0

Testimony on the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) is set to be delivered during a Senate Banking Committee hearing Tuesday by Federal Reserve Board Chair Jerome H. (“Jay”) Powell and Treasury Secretary […]

Another attempted fraud of PPP loan applications alleged; up to $13 million sought

May 14, 2020 0

A Texas man has been charged with filing phony applications seeking loans of up to $13 million under the Small Business Administration’s (SBA) Paycheck Protection Program (PPP) – at least the second case in which […]

Proposal would limit impact on deposit insurance premiums for participation in special financial facilities related to COVID-19 impact

May 12, 2020 0

Higher deposit insurance premiums will not be triggered by participation in some of the financial tools meant to help banks deal with the impact of the coronavirus crisis, under a proposal issued Tuesday by the […]

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Rule aims to clarify permissible interest on transferred loans in face of Madden decision

May 29, 2020 0

A bank may transfer a loan without affecting the legally permissible interest term, according to a rule issued Friday by the national regulator of banks, addressing what the regulator called uncertainty created by the Madden decision of five years ago. [...]
Minority depository institutions advisory panel for OCC meets June 17

May 29, 2020 0

A public meeting of the Minority Depository Institutions Advisory Committee (MDIAC) of the Office of the Comptroller of the Currency (OCC) will be held by remote means June 17, the OCC announced Friday. The panel advises the OCC on steps [...]
Considering a merger? You’ll have to keep it under $2.1 trillion under new Fed calculation

May 29, 2020 0

A company resulting from a merger of other financial companies will be limited to no larger than about $2.1 trillion in resulting assets, the Federal Reserve indicated Friday as it released its annual aggregate consolidated liabilities of financial companies across [...]
Banks’ ‘lowest comfortable level of reserves’ largely unchanged from last August, Fed report shows

May 29, 2020 0

A February survey of senior financial officers of banks representing some 75% of total banking system reserves showed that respondents’ “lowest comfortable level of reserves” was $650 billion, largely unchanged from the previous survey, a Federal Reserve Board survey report [...]
Acting comptroller lists four priorities he intends to address as tenure begins, with a twist on local community investment

May 29, 2020 0

The acting chief regulator of national banks apparently opened his tenure in the job Friday by issuing a statement outlining four priorities he said would guide him in his new role – including how banks would invest in their local [...]
After almost a month, interagency policy statement on credit losses accounting (CECL), guidance on credit risk review systems, available Monday

May 29, 2020 0

Nearly a month after they were finalized, a policy statement on credit losses accounting (under the current expected credit losses, or CECL, accounting standard) and guidance on credit risk review systems are both scheduled to be available publicly Monday, after [...]
On last day of the job, Otting gets a thank you and best wishes from FDIC leader

May 29, 2020 0

On the eve of the Friday departure of the current chief regulator of national banks, the chairman of the board for the federal insurer of bank deposits issued a statement of thanks and best wishes. Federal Deposit Insurance Corp. (FDIC) [...]
444 banks face CRA examinations over coming two quarters, FDIC lists show

May 29, 2020 0

Schedules for third- and fourth-quarter Community Reinvestment Act (CRA) examinations by the Federal Deposit Insurance Corp. (FDIC) show a total of 444 banks slated for the evaluations, with 64% of those coming up in the third quarter. The anti-redlining CRA, [...]

Regulatory Capital Rule: Temporary Exclusion of U.S. Treasury Securities and Deposits at Federal Reserve Banks from the Supplementary Leverage Ratio for Depository Institutions

Regulatory Capital Rule: Revised Transition of the Current Expected Credit Losses Methodology for Allowances

Powell, Mnuchin to give CARES Act testimony Tuesday to Senate Banking

Another attempted fraud of PPP loan applications alleged; up to $13 million sought

Proposal would limit impact on deposit insurance premiums for participation in special financial facilities related to COVID-19 impact

Final interagency policy statement on credit losses accounting (CECL), guidance on credit risk review systems issued

FDIC urges SC banks to restructure loans, ease terms in wake of storm damage

‘Living will’ deadlines for biggest foreign banks, other large local and foreign banks, get 90-day extensions

Senate Banking sets hearing with bank, credit union regulators next Tuesday

FDIC terminates receivership of WI bank

Rule aims to clarify permissible interest on transferred loans in face of Madden decision

Minority depository institutions advisory panel for OCC meets June 17

Considering a merger? You’ll have to keep it under $2.1 trillion under new Fed calculation

Banks’ ‘lowest comfortable level of reserves’ largely unchanged from last August, Fed report shows

Acting comptroller lists four priorities he intends to address as tenure begins, with a twist on local community investment

After almost a month, interagency policy statement on credit losses accounting (CECL), guidance on credit risk review systems, available Monday

On last day of the job, Otting gets a thank you and best wishes from FDIC leader

444 banks face CRA examinations over coming two quarters, FDIC lists show