Month: May 2020

Federal Reserve Board releases annual determination of aggregate consolidated liabilities of financial companies as required by the Dodd-Frank Act

Federal Reserve Board releases annual determination of aggregate consolidated liabilities of financial companies as required by the Dodd-Frank Act

Federal Reserve Board releases annual determination of aggregate consolidated liabilities of financial companies as required by the Dodd-Frank Act

Read more / Original news source: https://www.federalreserve.gov/newsevents/pressreleases/bcreg20200529a.htm

Federal Reserve Board releases results of survey of senior financial officers at banks about their strategies and practices for managing reserve balances

Federal Reserve Board releases results of survey of senior financial officers at banks about their strategies and practices for managing reserve balances

Federal Reserve Board releases results of survey of senior financial officers at banks about their strategies and practices for managing reserve balances

Read more / Original news source: https://www.federalreserve.gov/newsevents/pressreleases/other20200529a.htm

Acting Comptroller of the Currency Statement Regarding the ‘Madden’ Rule

Acting Comptroller of the Currency Brian P. Brooks today released the following statement regarding the Office of the Comptroller of the Currency’s (OCC) final rule to clarify that when a national bank or savings association sells, assigns, or otherwis…

Acting Comptroller of the Currency Brian P. Brooks today released the following statement regarding the Office of the Comptroller of the Currency's (OCC) final rule to clarify that when a national bank or savings association sells, assigns, or otherwise transfers a loan, interest permissible before the transfer continues to be permissible after the transfer.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2020/nr-occ-2020-72.html

OCC Issues Rule to Clarify Permissible Interest on Transferred Loans

The Office of the Comptroller of the Currency (OCC) today finalized a rule to clarify that when a national bank or savings association sells, assigns, or otherwise transfers a loan, interest permissible before the transfer continues to be permissible a…

The Office of the Comptroller of the Currency (OCC) today finalized a rule to clarify that when a national bank or savings association sells, assigns, or otherwise transfers a loan, interest permissible before the transfer continues to be permissible after the transfer.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2020/nr-occ-2020-71.html

OCC Hosts Minority Depository Institutions Advisory Committee Meeting June 17 Via Remote Means

The Office of the Comptroller of the Currency (OCC) today announced it will host a public meeting of the Minority Depository Institutions Advisory Committee (MDIAC) on Wednesday, June 17, 2020, via remote means. The meeting is open to the public and …

The Office of the Comptroller of the Currency (OCC) today announced it will host a public meeting of the Minority Depository Institutions Advisory Committee (MDIAC) on Wednesday, June 17, 2020, via remote means. The meeting is open to the public and will begin at 10 a.m., Eastern Daylight Time (EDT).

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2020/nr-occ-2020-70.html

Federal Reserve Board issues enforcement actions with former employees of Evolve Bank & Trust and former employee of Regions Bank and announces termination of enforcement action with First Flo Corporation

Federal Reserve Board issues enforcement actions with former employees of Evolve Bank & Trust and former employee of Regions Bank and announces termination of enforcement action with First Flo Corporation

Federal Reserve Board issues enforcement actions with former employees of Evolve Bank & Trust and former employee of Regions Bank and announces termination of enforcement action with First Flo Corporation

Read more / Original news source: https://www.federalreserve.gov/newsevents/pressreleases/enforcement20200528a.htm

OCC Issues Third and Fourth Quarter 2020 CRA Evaluation Schedule

The Office of the Comptroller of the Currency (OCC) today released its schedule of Community Reinvestment Act (CRA) evaluations to be conducted in the third quarter and fourth quarter 2020.

The Office of the Comptroller of the Currency (OCC) today released its schedule of Community Reinvestment Act (CRA) evaluations to be conducted in the third quarter and fourth quarter 2020.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2020/nr-occ-2020-68.html

CFPB Study Highlights Challenges Retirees Face to Meet Expenses in Early Years of Retirement

The Consumer Financial Protection Bureau released a first-of-its-kind study examining the financial resources and expenses of retirees during the first five years of retirement among Americans who retired between 1992 and 2014.

The Consumer Financial Protection Bureau released a first-of-its-kind study examining the financial resources and expenses of retirees during the first five years of retirement among Americans who retired between 1992 and 2014.

Read more / Original news source: https://www.consumerfinance.gov/about-us/newsroom/cfpb-study-challenges-retirees-face-meeting-expenses-in-early-years-retirement/