Meeting: FFIEC Appraisal Subcommittee
The Appraisal Subcommittee (ASC) of the Federal Financial Institutions Examination Council (FFIEC) will hold an open meeting April 23 to discuss a temporary waiver requested by TriStar Bank, Dickson, Tenn.
FFIEC
CFPB
Guidance provided on ‘cyber insurance,’ but exam council calls ‘effective controls’ still the best defense
Guidance for financial institutions considering special insurance to offset financial losses from data breaches and other cyber incidents is offered in a joint statement released Tuesday by federal financial institution regulators. However, the regulators noted […]
Other
Federal appraisal panel takes up TriStar Bank’s waiver request April 23
A request from TriStar Bank for a one-year waiver from the federal requirement to use certified appraisers in real estate transactions will be taken up by the Federal Financial Institutions Examination Council (FFIEC) Appraisal Subcommittee […]
FDIC
Regulators: ‘Supervisory burden reduction’ focus will be on 4 areas going forward
Four areas that have potential to provide “the most meaningful supervisory burden reduction” will be the focus of the federal financial institution regulators as they pursue continued examination modernization, the federal umbrella group for the […]
Federal financial regulatory legislation
House votes to create new office overseeing exam programs of financial institution regulators
Material supervisory determinations by a federal financial institution regulator could be reviewed by a newly created federal office under legislation approved by the House Thursday. The legislation, H.R. 4545 (the ‘‘Financial Institutions Examination Fairness and […]
Federal financial regulation
House scheduled to vote on exam fairness, reform act (correction)
Material supervisory determinations by a federal financial institution regulator could be reviewed by a newly created federal office under legislation scheduled to be considered on the House floor Thursday. Contrary to reporting Wednesday by Regulatory […]
Other
House OKs TAILOR Act, requiring risk profiles be considered in new rules (updated)
Legislation that would require federal financial institution regulators to take into consideration institution risk profiles and business models when taking regulatory actions was passed by the House Wednesday. The bill – the “Taking Account of […]
Legislation
2 bills before House this week on financial institutions regulation, exams
The House is scheduled to take up two bills this week to require “tailoring” of regulations for banks, savings associations and credit unions and create an independent examination review structure. Wednesday, the House is scheduled […]
OCC
OCC issues bulletin on 2018 HMDA guide update
The Office of the Comptroller of the Currency (OCC) on Friday released a bulletin (No. 2018-6) on this year’s update of “A Guide to HMDA Reporting: Getting It Right!” by the Federal Financial Institutions Examination […]
Other
TN bank seeks temporary waiver from federal real estate appraisal rule
The $272.5-million-in-assets TriStar Bank, a federally insured, state-chartered institution in Dickson, Tenn., is seeking a temporary waiver from requirements under federal real estate appraiser certification and licensing rules set by the Federal Financial Institutions Examination […]