Links in “Agencies”
- New Compliance Head at Fed
The Federal Reserve has appointed Eric Belsky, currently director at Harvard's Joint Center for Housing Studies, to oversee compliance with consumer protection and fair lending laws. [6/9/14]
- Big Banks Skirting Rules by Shifting Activities to Overseas Affiliates?
Regulators are investigating to see if large banks are attempting to sidestep rules required by Dodd-Frank by shifting trade swaps to overseas. [6/6/14]
- FDIC Releases 2014 SOD Survey
The FDIC made the Summary of Deposits (SOD) survey available yesterday. All FDIC-insured institutions with branch offices must submit the survey by July 31, 2014. [6/6/14]
- How Well Did Your State Do in Q1 of 2014? NCUA Has Answers
The NCUA released its analysis of state-level data for the first quarter of  2014 regarding several key performance measures and reveals that Idaho is leading the pack in a number of categories. The analysis includes annual loan growth, membership growth, returns on assets, and delinquency rates among others. [6/6/14]
- A Penny (or 124) for Your Thoughts?
The federal bank regulatory agencies published the first of a series of requests for comments to identify outdated, unnecessary, or unduly burdensome regulations. 124 rules and regulations will be explored over the course of this effort. [6/5]
- Mayor Challenge Is a Major Challenge
First Lady Michelle Obama, the U.S. Department of Housing and Urban Development (HUD) and U.S. Department of Veterans Affairs (VA) announced today the creation of the Mayors Challenge to End Veteran Homelessness during an event at the White House. Strategies include removing barriers to help veterans obtain permanent housing, targeting rapid rehousing interventions and leveraging housing and services resources for veterans who are ineligible for some of the VAâs programs. [6/5]
- OCC Offers Risk-Focused Workshop
The Office of the Comptroller of the Currency will host two workshops in Seattle at the Westin, July 8-9, for directors of national community banks and federal savings associations. The workshops cover risk assessments as well as credit risk and are designed to improve risk management. [6/5]
- Building an Effective Lending Program
On Tuesday, the Federal Reserve announced a new schedule of margins applicable for collateral pledged by depository institutions to secure discount window loans and for payment system risk purposes. [6/4]
- NCUA Begins Large Clean-up
The NCUA Board is beginning its second, comprehensive review of its regulations to identify outdated, unnecessary, or burdensome regulatory requirements imposed on federally insured credit unions, as contemplated by section 2222 of the Economic Growth and Regulatory Paperwork Reduction Act of 1996 (EGRPRA). [6/4]
- NCUA Warns of Investment Risks
Investing in people and communities will produce dividends for credit unions in many respects, but the higher interest rate environment of late 2013 and the first quarter of 2014 slowed mortgage originations. An increase in long-term investments could pose interest rate risk for federally insured credit unions as interest rates rise. [6/4]
