Links in “Agencies”
- Keep It Secret, Keep It Safe
The CFPB released a bulletin concerning the confidentiality of supervisory information (CSI). The bulletin details definitions, examples and legal restrictions surrounding CSI. [1/28/15]
- Is Financial Education the Key?
The CFPB thinks so, and this is why. [1/28/15]
- Happy Tax Identity Theft Awareness Week
Consumers now have new tools to help combat identity theft. The National Credit Union Administration added a new page to its website to assist consumers in identifying and preventing tax-related identity theft. The new page can be found here. [1/27/15]
- Closures Due to Adverse Weather
Federal banks and federal savings associations have permission from the Office of the Comptroller of the Currency to close offices that have been impacted by severe weather in the northeast United States. The OCC urges offices to reopen as quickly as possible after the weather subsides in order to meet customer banking needs. [1/27/15]
- TILA-RESPA Webinar on the Docket
The National Credit Union Administration will hold a webinar on Wednesday, Feb. 11, 2015. The free webinar will explore the most notable changes made to the forms and disclosures required under TILA and RESPA. [1/27/15]
- Let the CRA Good Times Roll
The OCC released its list of Community Reinvestment Act (CRA) performance evaluations for the period of December 1, 2014, through December 31, 2014, that included 30 covered institutions. Overall ratings assigned were two outstanding and the remaining 28 satisfactory. [1/26/15]
- Another One Bites the Dust
The FDIC announced Highland Community Bank (of Chicago, Illinois) as the second assumed/failed bank of 2015, with appointment to the FDIC and corresponding assumption agreement with United Fidelity Bank (of Evansville, Indiana) for the assumption of the deposits of Highland Community Bank. HCB's two branch officesâwith $54.7 million in total assetsâresulted in an impact of $5.8 million to the FDIC fund and ensures full services to depositors of HCB by UFB. [1/26/15]
- CFPB Beefs Up
The CFPB announced the addition of several new members to leadership positions within the bureau including Assistant Director of Enforcement, Deputy Chief Operating Officer, Northeast Regional Director of Supervision Examination, and Chief Human Capital Officer. [1/26/15]
- CFPB Takes Down Two of the Nationâs Largest Banks
JPMorgan Chase and Wells Fargo will both be paying fines ($35.7 million total) for illegal mortgage kickbacks. This should ââ¦serve as a warning for those in the mortgage marketâ according to Cordray. [1/23/15]
- Iâm Late, Iâm Late, for a Very Important Date!
Thirty-one credit unions will pay penalties for filing late third quarter call reports with the majority of those credit unions being under $10 million assets. [1/23/15]
