The Federal Reserve Board on Thursday published its annual notice of the asset-size exemption threshold for depository institutions under Regulation C, which implements the Home Mortgage Disclosure Act (HMDA).
The Office of the Comptroller of the Currency (OCC) notified financial institutions today that Wachovia Bank has issued more than 740,000 checks to consumers harmed by payment processors for telemarketers that did business with Wachovia.
The current issue of the FDIC Quarterly released today includes two feature articles. The first article discusses some of the reasons for recent farmland price increases and analyzes their potential effect on FDIC-insured institutions. The second article presents highlights from the 2008 Summary of Deposits data.
The FDIC has issued the attached final rule (Final Rule) to improve the FDIC's ability to monitor and evaluate risks in certain insured depository institutions with qualified financial contracts (QFCs), as well as assure preparedness if such institutions fail.
The Federal Reserve Board on Wednesday extended the end of the comment period on its proposal to revise the disclosure requirements for mortgage loans under Regulation Z (Truth in Lending) from January 23, 2009, to February 9, 2009.
The U.S. Department of the Treasury today designated ASSA CORP., a front company created and controlled by Iran's Bank Melli and domiciled in New York, and its parent organization, ASSA CO. LTD, located in the Channel Islands.
The federal bank regulatory agencies today announced the annual adjustment to the asset-size thresholds used to define "small bank," "small savings association," "intermediate small bank," and "intermediate small savings association" under the Community Reinvestment Act (CRA) regulations.
The Board of Directors of the Federal Deposit Insurance Corporation (FDIC) at an open board meeting today approved a $2.24 billion operating budget for next year. The Board also released financial reports for its Deposit Insurance Fund for the third quarter 2008.
The Board of Directors of the Federal Deposit Insurance Corporation (FDIC) today voted to adopt a final rule increasing risk-based assessment rates uniformly by 7 basis points (7 cents for every $100 of deposits), on an annual basis, for the first quarter of 2009.