User Login

What's up

[ September 18, 2020 ] Second round of stress tests to be conducted in response to continued uncertainty over economy COVID-19 actions
[ September 18, 2020 ] FDIC issues guidance for banks in areas of Oregon affected by wildfires FDIC
[ September 18, 2020 ] NCUA among agencies speaking in BSA Coalition meeting next week FDIC
[ September 18, 2020 ] Revised FAQs on Main Street Lending program issued to clarify expectations COVID-19 actions
[ September 18, 2020 ] 7 out of 8 named in OCC’s August enforcement orders, which set $124k in penalties, were from same bank in NJ OCC

Second round of stress tests to be conducted in response to continued uncertainty over economy

September 18, 2020 0

Hypothetical scenarios for a second round of bank stress tests – to be conducted due to continued uncertainty related to the coronavirus crisis – were released Thursday by the Federal Reserve. The Fed said that large banks will be tested [...]
FDIC issues guidance for banks in areas of Oregon affected by wildfires

September 18, 2020 0

Banks are encouraged to work with struggling borrowers having difficulties because of wildfires and straight-line winds in areas of Oregon and can receive Community Reinvestment Act (CRA) credit for certain activities there, the Federal Deposit Insurance Corp. (FDIC) said Friday. [...]
NCUA among agencies speaking in BSA Coalition meeting next week

September 18, 2020 0

Credit unions were encouraged by their federal regulator Friday to sign up for a BSA Coalition webinar slated next Thursday on potential regulatory changes and “status of initiatives in 2020.” The BSA Coalition describes itself as a group of financial [...]
Revised FAQs on Main Street Lending program issued to clarify expectations

September 18, 2020 0

Lender underwriting should look back to a borrower’s pre-pandemic condition and forward to post-pandemic condition, according to revised frequently asked questions (FAQs) addressing the Main Street Lending Program issued Friday by the Federal Reserve. In a related development, the Fed [...]
7 out of 8 named in OCC’s August enforcement orders, which set $124k in penalties, were from same bank in NJ

September 18, 2020 0

Civil money penalties totaling $124,000 were assessed against seven individuals, all formerly employed by or on the board of City National Bank of New Jersey (Newark), over risk issues and Bank Secrecy Act violations under consent orders executed in August [...]
First-ever ‘Academic Challenge’ asks teams from higher education to consider banking issues

September 18, 2020 0

Questions concerning the U.S. banking sector will be addressed by teams of university and college students during the inaugural Academic Challenge, launched by the federal insurer of bank deposits to promote banking and connections to community banks, the agency said [...]
2020 survey of bank branch office deposits available

September 18, 2020 0

Survey results of bank branch office deposits for all federally insured institutions as of mid-year 2020 are now available, the federal insurer of bank deposits said Friday. The annual survey, published in the Summary of Deposits (SOD) by the Federal [...]
Report: Families fared better in July than April, but uncertainty over jobs/work continues

September 18, 2020 0

U.S. families reported they were doing better in July than they were in April, but uncertainty over layoffs and prospects for returning to work were still afflicting many, the results of a Federal Reserve survey released Friday indicate, the agency [...]