Links in “Agencies”

The Fed, FDIC, and OCC remind commercial real estate lenders to reinforce their prudent risk-management practices in light of increased competition. [12/21/15]

On Wednesday December 16, 2015 the OCC released a report highlighting the top risks facing national banks and federal savings associations. A few of the risks highlighted include: cyber threats, loosened underwriting standards, and increase in criminal use of technology [12/17/15].

The FOMC has observed a moderate expansion of economic activity. The FOMC cites multiple areas where the market has improved including: household spending, business fixed investment, and the housing sector [12/17/15].

Never has a 25-basis-points rate change drawn such attention. After being at near-zero levels since 2006, the Fed finally raised rates. The vote was unanimous. [12/17/15]

Regulators and bank management need to act now on credit risk before the warning lights start flashing red. [12/17/15]

Mary McLeod, who ran the legal department at the U.S. Department of State, will be joining the CFPB as its general counsel. [12/17/15]

A plaintiff argued the Capital One violated certain provisions of the Fair Debt Collection Practices Act on an account the bank acquired from another bank. The court rule that Capital One is not subject to FDCPA because its collection efforts are related only to debts owed to it (not others) and that debt collection is only part of Capital One's business. [12/16/15]

A closed NCUA board meeting scheduled for tomorrow had an item, publicly disclosed as a "supervisory matter," added to its agenda. [12/16/15]

In an effort to "prudently" manage its costs, the FDIC sheds 4.7% from its budget for 2016 and a staffing level that is 317 positions down from 2015. [12/16/15]

NCUA's December 2015 Report includes a call for a better examination appeal process for credit unions. [12/15/15]