Acting Comptroller of the Currency John Walsh discussed community bank and thrift supervision, the examination appeals process, and concerns about the proposed Financial Institutions Examination Fairness and Reform Act at the American Bankers Association Government Relations Summit on March 21, 2012.
The Office of the Comptroller of the Currency has been notified that a group using the names "855LAW5559" and "National Legal Help" has misrepresented that the OCC has directed their organization to send foreclosure grant review correspondence to banking consumers.
The Federal Deposit Insurance Corp. has observed a limited number of instances in which directors and officers of troubled or failing institutions have made copies of financial institution and supervisory records, and removed those copies from the institution in anticipation of litigation or enforcement activity...
The Financial Crimes Enforcement Network has released the new Registration of Money Services Business [RMSB], FinCEN Report 1071, through the BSA E-Filing System.
The FDIC has announced a series of steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of Indiana affected by severe storms.
The Federal Deposit Insurance Corp. approved the payout of the insured deposits of New City Bank, Chicago, Ill. The bank was closed by the Illinois Department of Financial and Professional Regulation - Division of Banking, which appointed the FDIC as receiver.
The Financial Crimes Enforcement Network reported filings of suspicious activity reports by casinos and card clubs (SAR-Cs), which grew annually from 2004 to 2010, a period when gaming activities also continued to expand. Filings rose to 13,986 in 2010, up from 5,962 in 2004.
The FDIC has announced a series of steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of Kentucky affected by severe storms.
Global Commerce Bank, Doraville, Ga., was closed by the Georgia Department of Banking and Finance, which appointed the Federal Deposit Insurance Corp. as receiver.
FinCEN issued an advance notice of proposed rulemaking to solicit public comment on a wide range of questions pertaining to the possible application of an explicit customer due diligence [CDD] obligation on financial institutions, including a requirement for financial institutions to identify beneficial ownership of...
This bulletin communicates guidance that extends the time period for consideration of Community Reinvestment Act activities that support the revitalization and recovery of the areas that hurricanes Katrina and Rita devastated.
The Federal Deposit Insurance Corp. approved the payout of the insured deposits of Home Savings of America, Little Falls, Minn. The bank was closed by the Office of the Comptroller of the Currency, which appointed the FDIC as receiver.
Central Bank of Georgia, Ellaville, Ga., was closed by the Georgia Department of Banking and Finance, which appointed the Federal Deposit Insurance Corp. as receiver.
The National Credit Union Administration announced the liquidation of People for People Community Development Credit Union of Philadelphia on Feb. 19. TruMark Financial Credit Union of Philadelphia immediately purchased and assumed People for People CDCU's members and loans.
The National Credit Union Administration, working cooperatively with the Wisconsin Office of Credit Unions, assumed control of service and operations at A M Community Credit Union headquartered in Kenosha, Wis.
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