Links in “Agencies”

FDIC's new record retention rules for failed institutions should help curb its current retention of those 59.7 billion pages of electronic data retained (775 terabytes). New rules call for a maximum 10-year retention and provide insights on records maintenance. [9/4]

New guidelines follow Reverse Mortgage Stabilization Act of 2013's call for program enhancement, including Draw Limitations and Ability to Repay Analysis. [9/4]

California bank hit with a C&D for BSA violations; Michigan bank ordered to update and monitor its compliance policies and submit to a third-party compliance audit; Tennessee bank ordered to establish a non-employee compliance committee. [9/3]

Case against Morgan Stanley over faulty Mortgage Back Securities held by two now-defunct credit unions will be worth monitoring. NCUA has already proved successful in past cases and has other cases pending. [9/3]

For the 80+ national banks on the list and their CRA officer, the quarter should prove a bit more interesting. [9/3]

FDIC publishes its list of banks scheduled to receive a CRA examination next quarter. Is your bank on it? [8/30]

Agency names seven individuals prohibited from participating in the affairs of any federally insured financial institution. [8/30]

Is the recent pressure exerted by regulators for practices it doesn't consider fair, but can't prove illegal or unsafe, a harbinger of things to come? [8/30]

The $42.2 Billion Earnings is just part of the 2nd quarter improvement. Other positives: Unprofitable Banks now 8.2% down from 11.3% same time last year. Charge offs of $14.2 billion is down 30.7% from 2012. ROA rose to 1.17, the highest since 2007. Hmmm? [8/29]

When the CFPB takes to cautioning about overspending at Christmas time, is it time for a million children march on Washington? [8/29]