Other – Page 2 – Regulatory Report

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[ August 10, 2020 ] As coronavirus crisis ramped up over four months, Fed, Treasury leaders stayed in increasing contact – and remain so, calendar shows COVID-19 actions
[ August 10, 2020 ] Retail worker pleads guilty to fraudulently seeking $8 million+ through CARES Act program COVID-19 actions
[ August 10, 2020 ] FFIEC grants one-year extension of commercial real estate appraisal credentialing waiver in ND Other
[ August 10, 2020 ] New capital requirements for largest banks range from 13.7% to 7%; 11 must hold 10% or more The Fed
[ August 7, 2020 ] OCC says assessment reduction to take effect Sept. 7 (for collections due Sept. 30) COVID-19 actions

HMDA data for 2019 now available, exam council reports

June 24, 2020 0

Data on mortgage lending transactions in 2019 at more than 5,500 financial institutions covered by federal mortgage lending disclosure requirements are now available, the umbrella group for federal financial regulators said Wednesday. The Federal Financial […]

New member, from Montana, named to state advisory council for federal regulators’ umbrella group

June 17, 2020 0

Melanie Hall, commissioner of the Montana Division of Banking and Financial Institutions, is the newest member of the State Liaison Committee (SLC) to the Federal Financial Institutions Examination Council (FFIEC), the umbrella group for federal […]

Treasury financial research advisory panel meets July 16

June 17, 2020 0

A panel formed within Treasury to advise the agency’s financial research office will hold an open meeting July 16 to discuss passive investing as well as hedge fund trades and U.S. Treasury market illiquidity, according […]

Powell set to testify June 16, 17 on monetary policy before Senate, House panels

June 8, 2020 0

The Federal Reserve’s monetary policy amid economic and financial system impacts of the coronavirus (COVID-19) pandemic will be discussed by Fed Chair Jerome H. (“Jay”) Powell June 16 and June 17 during Senate and House […]

Regulators’ group jointly decries racism, discrimination; vows commitment to financial inclusion

June 5, 2020 0

Racism and discrimination must not be tolerated, a joint statement released Friday by all federal financial institution regulators stated in the wake of the death of a Minneapolis man during a police apprehension last week. […]

GAO report: Public comments have led to ‘at least some’ substantive changes for final rules; CFPB among the 10 surveyed

May 19, 2020 0

A report by the congressional watchdog showed that of the 52 program offices in 10 agencies surveyed – the Consumer Financial Protection Bureau (CFPB) being the only one of the 10 which is primarily concerned […]

Advisory, notice detail coronavirus crisis-related medical scams, filing instructions under BSA obligations

May 19, 2020 0

Calling attention to medical scams related to the coronavirus crisis and detailing filing instructions for financial institutions reporting pandemic-related criminal and suspicious activities (including Bank Secrecy Act [BSA] obligations) are the aims of advisories issued […]

FFIEC panel publishes Q&A on COVID-19 impacts on appraisers

May 6, 2020 0

A set of commonly asked questions by state appraiser and appraisal management company (AMC) regulatory agencies about how to work with the disruptions arising from the coronavirus (COVID-19) was published recently and provided online by […]

TN commissioner takes seat, again, at head of table for state regulators’ council

May 1, 2020 0

A Tennessee regulator has been re-elected chairman of the panel representing state supervisory agencies before the umbrella group of federal financial institution regulators, the group announced Friday. Greg Gonzales, commissioner of the Tennessee Department of […]

Risks associated with cloud computing target of joint regulators’ statement

April 30, 2020 0

Risk management practices for a financial institution’s safe and sound use of cloud computing services and safeguards to protect customers’ sensitive information from risks that pose potential harm are outlined in an 11-page “statement” issued […]

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As coronavirus crisis ramped up over four months, Fed, Treasury leaders stayed in increasing contact – and remain so, calendar shows

August 10, 2020 0

As the financial impact of the coronavirus became increasingly apparent this spring, top federal financial regulators intensified their interaction, meeting – typically by conference calls – more than 60 times from March through June, according to a review of the [...]
Retail worker pleads guilty to fraudulently seeking $8 million+ through CARES Act program

August 10, 2020 0

A project manager employed by a major retailer has pleaded guilty to bank fraud charges for fraudulently seeking more than $8 million in forgivable Paycheck Protection Program (PPP) bank loans, the Federal Deposit Insurance Crop. (FDIC) Office of Inspector General [...]
FFIEC grants one-year extension of commercial real estate appraisal credentialing waiver in ND

August 10, 2020 0

An umbrella council for federal financial institution regulators on Friday approved a one-year extension of appraisal credentialing requirements for federally related commercial real estate transactions under $1 million in North Dakota. The extension, which continues the waiver until Aug. 7, [...]
New capital requirements for largest banks range from 13.7% to 7%; 11 must hold 10% or more

August 10, 2020 0

Individual capital requirements ranging from 13.7% to 7% for the 34 largest U.S. banks, effective Oct. 1, were released Monday by the Federal Reserve, with Goldman Sachs and Morgan Stanley at the top of the list. The Fed said the [...]