Interagency Advance Notice of Proposed Rulemaking: Procedures to Enhance the Accuracy and Integrity of Information Furnished to Consumer Reporting Agencies Under Section 312 of the Fair and Accurate Credit Transactions Act.
Summary
The OCC, Board, FDIC, OTS, NCUA, and FTC (the Agencies) request comment to...
Beginning June 1, 2006, the Federal Deposit Insurance Corporation (FDIC) will change its primary method of distributing Special Alerts (SAs) to insured financial institutions from paper-copy delivery through the U.S. Postal Service to electronic delivery through the FDIC's free secure Web site, FDICconnect. The change...
The FDIC, the other federal financial institution regulatory agencies and the Federal Trade Commission have jointly published the attached Advance Notice of Proposed Rulemaking (ANPR) inviting comment to gather information that is useful for developing guidelines and regulations to implement section 312 of the Fair...
National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood joined fifty credit union CEOs in Boston for a roundtable dialogue during which he outlined his regulatory focus for 2006.
"Regulatory flexibility will be a top priority of mine in 2006," said Vice Chairman Hood. He discussed the recent...
The purpose of this letter is to provide NCUA’s IT Security Compliance Guide for Credit Unions.
The guide offers information to assist credit unions in complying with the NCUA Rules and Regulations, Part 748, Appendix A; Guidelines for Safeguarding Member Information, and Appendix B; Guidance on Response...
The final agenda for the April public hearings on the proposed Wal-Mart Bank's federal deposit insurance application is now available on the FDIC's Web site. The agenda includes the names of parties who are scheduled to give oral presentations as well as the speaking times and the locations where the parties are...
Chairman Shelby, Ranking Member Sarbanes and other distinguished members of the Committee, thank you for the opportunity to speak to you today about our progress in combating terrorist financing and money laundering. In the last four months, we have seen assessments of our progress in both of these arenas - the 9/11...
Despite regional disparities in job growth and a high degree of reliance on real estate, the economy and the banking industry both continue to perform well across most areas of the nation, FDIC analysts reported in the spring 2006 editions of FDIC Regional Profile and FDIC State Profiles released today.
"Moderate...
Summary: We are issuing this advance notice of proposed rulemaking ("Advance Notice") as part of our ongoing effort to address, in the context of the Bank Secrecy Act, the issue of access to banking services by money services businesses. Both the banking industry and the money services business industry have expressed...
Federal regulators today released Evolution of a Prototype Financial Privacy Notice, a report by Kleimann Communication Group summarizing consumer research commissioned by the regulators as part of their ongoing efforts to develop improved financial privacy notices.
The report's release concludes the first phase...
The Department of the Treasury has designated Commercial Bank of Syria, including its subsidiary, Syrian Lebanese Commercial Bank, as a financial institution of primary money laundering concern and has issued the attached final rule restricting domestic financial institutions' banking relationships with this entity. ...
An interagency notice of proposed rulemaking (NPR) that would implement Basel II risk-based capital requirements in the United States for large, internationally active banking organizations was made public Thursday by the Federal Reserve Board.
The proposed rule would require the largest internationally active...
National Credit Union Administration (NCUA) Chairman JoAnn Johnson announced the extension of the application deadline for the Community Development Revolving Loan Fund’s (CDRLF) disaster relief grants from March 31, 2006 to September 30, 2006. Qualifying credit unions in areas affected by the Gulf Coast...
The Homeland Security Presidential Directive HSPD-12 called for a common identification standard to be adopted governing the interoperable use of identity credentials to allow physical and logical access to Federal government locations and systems. The Personal Identity Verification (PIV) of Federal Employees and...
The Office of Thrift Supervision (OTS) is encouraging savings institutions to take advantage of a new Treasury Department program to educate their customers on identity theft prevention and remedies.
The program, available to institutions on a DVD, entitled Identity Theft: Outsmarting the Crooks, informs consumers...
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