Links in “Agencies”
- NCUA Report for April Released
April newsletter covers various topics including fines for late submission of call reports, promoting fraud awareness, handling liquidity issues, the improving stabilizing fund position, and request for comments on new risk-based capital rules. [4/22]
- Regulators Issue New CRA Examination Procedures for Large Banks
Interagency rules for Large Institution CRA Examination Procedures were released. The new rules incorporate revisions to the Q&A on CRA related to community development activities in the broader statewide or regional area that includes an institutionâs assessment area as well as consideration for investments in nationwide funds. [4/21]
- FDIC Provides Free Webinar on Deposit Insurance
The FDIC is promoting a series of 12 free (required registration) seminars on deposit insurance coverage for bank officers and employees between May 6, 2014, and December 4, 2014. Key topics that will be presented include "Fundamentals of Deposit Insurance Coverage," "Deposit Insurance Coverage for Revocable Trust Accounts," and "Advanced Topics in Deposit Insurance Coverage." [4/21]
- OCC Releases Enforcement Action Updates
Includes 5 cease and desist orders issued including 2 restitution orders (Bank of America/FIA), 4 CMPs, a formal action and termination actions for C&Ds, and formal actions for 16 banks. [4/21]
- NCUA Video Provides Insights on Risk-Based Capital
The newly released, two-part video on the NCUA's YouTube Channel provides insights for federally insured credit unions in understanding the proposed changes to NCUAâs Prompt Corrective Action rule that may affect CU's risk-based capital ratios. Link provides access to NCUA's Risk-Based Capital Calculator to compute impact and standing. [4/18]
- Proposal to Extend Exception in Remittance Transfer Rule
CFPB's proposal would extend the temporary exception to the rule for five years, allowing institutions to estimate fees and rates in certain circumstances. [4/18]
- OCC Echoes Cyber Security Concerns at CES
OCC Comptroller Curry speaks to rising risks and trickling effect of cybersecurity for banks of all sizes and issues cautions and reminders for sound IT management to protect consumer trust and data. [4/17]
- Overdraft Guidance Emerges from FDIC Regional Offices
FDIC's regional offices are issuing guidance on how overdraft practices may be considered an unfair or deceptive act or practice under Section 5 of the FTC act. [4/17]
- Proposed Revisions to International Money Transfer Rule
International money transfer rule proposed by the CFPB would extend temporary exception of estimating third-party fees and exchange rates when providing remittance transfers to account holders for another 5 years (2020). [4/16]
- HUD Settles Disparate Impact Allegations Against Dubuque
HUD alleged that Dubuque, Iowa's residency preference point system put African Americans at a disadvantage. Dubuque agrees to eliminate the preference system and submit any changes to its Housing Choice Voucher distribution program to HUD for review. [4/16]
