Password Reset

What's up

[ October 21, 2019 ] High court decision to take up CFBP challenge spurs praise by industry, calls for commission CFPB
[ October 21, 2019 ] Two civil money penalties, one prohibition on OCC’s list of recent enforcement actions OCC
[ October 21, 2019 ] ‘Stablecoins’ must not be outside of scope of global anti-money laundering efforts, group says Other
[ October 21, 2019 ] FDIC announces new file exchange application for exam-related docs FDIC
[ October 21, 2019 ] FDIC’s economic inclusion group to talk credit scoring, mortgage markets, in meeting Tuesday FDIC

High court decision to take up CFBP challenge spurs praise by industry, calls for commission

October 21, 2019 0

The Supreme Court’s announcement Friday that it will consider a case challenging the constitutionality of the federal consumer financial protection agency was greeted with praise from financial industry trade groups, who called for a commission, rather than a single director, [...]
Two civil money penalties, one prohibition on OCC’s list of recent enforcement actions

October 21, 2019 0

Two civil money penalties and an order of prohibition are among the enforcement actions announced by the Office of the Comptroller of the Currency (OCC) Friday, covering actions taken in September and the first part of October. The civil money [...]
‘Stablecoins’ must not be outside of scope of global anti-money laundering efforts, group says

October 21, 2019 0

Global “stablecoins” and their service providers should “never be outside the scope of anti-money laundering controls,” the international group of regulators that sets standards for combating money laundering, terrorist financing, and other illicit activities said Friday. In a statement, the [...]
FDIC announces new file exchange application for exam-related docs

October 21, 2019 0

A new Enterprise File Exchange (EFX) module that allows federally insured banks to exchange examination-related documentation with the Federal Deposit Insurance Corp. (FDIC) and state banking authorities was announced Monday by the FDIC in a Financial Institution Letter (FIL). The [...]
FDIC’s economic inclusion group to talk credit scoring, mortgage markets, in meeting Tuesday

October 21, 2019 0

Developments in credit scoring and underwriting, the status of the mortgage markets, and efforts to create sustainable bank accounts will be discussed by an advisory committee on economic inclusion, set for Tuesday (beginning at 8:45 a.m.). The Federal Deposit Insurance [...]
Final rule completes update of OREO regs (first in more than 20 years) for savings associations, national banks

October 21, 2019 0

A final rule aimed at clarifying and streamlining other real estate owned (OREO) rules for federal savings associations (FSAs) will take effect Dec. 1, according to filings Monday by the federal regulator of national banks and thrifts. The final rule [...]