Agenda items: Summary Agenda: Disposition of minutes of previous Board of Directors’ Meetings. Memorandum and resolution re: Final Rule Establishing Restrictions on Qualified Financial Contracts of Certain FDIC supervised Institutions; Revisions to the Definition of […]
A proposed merger of the federal credit union savings insurance fund with a fund set up to stabilize “corporate” credit unions in the wake of the financial crisis – which could result in between $600 […]
Community Reinvestment Act Regulations, proposed rule Federal Register summary: The Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System (Board), and the Federal Deposit Insurance Corporation (FDIC) […]
A letter alerting Federal Deposit Insurance Corp. (FDIC)-supervised financial institutions to a proposal that would shorten the standard settlement cycle from three to two days for securities purchased or sold has been issued by the […]
Prudent efforts by depository institutions to meet customers’ cash and financial needs affected by Hurricane Irma — when consistent with safe and-sound banking practices — generally will not be subject to examiner criticism, the Federal Deposit […]
Community Reinvestment Act (CRA) regulations would be amended to conform to changes made this summer by the CFPB to its Regulation C (Home Mortgage Disclosure Act) and set to take effect Jan. 1, under a […]
Securities Transaction Settlement Cycle Federal Register summary: The OCC and the FDIC (“Agencies”) are proposing to shorten the standard settlement cycle for securities purchased or sold by national banks, federal savings associations, and FDIC-supervised institutions. The […]
The new “current expected credit loss” (CECL) accounting standard is addressed in updated “frequently asked questions” (FAQs) issued by federal financial institution regulatory agencies, focusing on the methodology for estimating credit loss allowances and related […]
Revised guidelines for banks to use in appealing material supervisory determinations to the FDIC – which expand the circumstances for appeals and “enhance consistency” with procedures of other federal banking agencies — are outlined in […]
Regulatory Capital: Retention of Certain Existing Transition Provisions for Banking Organizations That Are Not Subject to the Advanced Approaches Capital Rules Federal Register summary: The Office of the Comptroller of the Currency (OCC), the Board of […]
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