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[ August 21, 2019 ] Proposal would revise treatment of financial assets transferred in securitization transaction FDIC
[ August 21, 2019 ] Two MA banks hit with $57k in fines for flood insurance violations The Fed
[ August 21, 2019 ] Fed plans to bar, order monies paid by former bank teller who embezzled more than $400k The Fed
[ August 21, 2019 ] Alert draws notice to money-laundering schemes for fentanyl, other synthetic opioids Other
[ August 20, 2019 ] UPDATED: Volcker rule changes approved on split vote by FDIC Board, with wide disparity of views on impact for banking system FDIC

Proposal would revise treatment of financial assets transferred in securitization transaction

August 21, 2019 0

Some provisions of the securitization safe harbor rule related to treatment of financial assets transferred in a securitization or participation transaction would be revised by the federal insurer of bank deposits under a proposal expected to be published Thursday. The [...]
Two MA banks hit with $57k in fines for flood insurance violations

August 21, 2019 0

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 the Federal Reserve Board. Both [...]
Fed plans to bar, order monies paid by former bank teller who embezzled more than $400k

August 21, 2019 0

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 institution and would pay restitution [...]
Alert draws notice to money-laundering schemes for fentanyl, other synthetic opioids

August 21, 2019 0

Financial schemes for laundering the proceeds from illegal sales of the drug fentanyl and other synthetic opioids are the subject of an advisory issued Wednesday to financial institutions by the Treasury Department’s top office for fighting financial crime. The Treasury’s [...]

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Proposal would revise treatment of financial assets transferred in securitization transaction

Two MA banks hit with $57k in fines for flood insurance violations

Fed plans to bar, order monies paid by former bank teller who embezzled more than $400k

Alert draws notice to money-laundering schemes for fentanyl, other synthetic opioids