The joint final rule on Identity Theft Red Flags and Address Discrepancies Under the Fair and Accurate Credit Transactions Act of 2003 was issued and published in the Federal Register.
The OCC, Board, FDIC, OTS, NCUA and FTC (the Agencies) are jointly issuing final rules and guidelines implementing section 114 of the...
The FDIC, the other federal financial institution regulatory agencies, the Securities and Exchange Commission, and the Federal Trade Commission have jointly published the attached final rules to implement the affiliate marketing provisions of the Fair Credit Reporting Act (FCRA) as amended by the Fair and Accurate...
Comptroller of the Currency John C. Dugan, at a meeting of the Federal Deposit Insurance Corporation’s Board of Directors late yesterday, made the following statement on the implementation of Section 312 of the FACT Act
The Federal Deposit Insurance Corporation (FDIC) today approved the final rule implementing the Advanced Approaches of the Basel II Capital Accord. The new rules are a significant change in regulatory practice, in that they require some large banks to calculate capital requirements using their own internal,...
The Federal Reserve Board on Friday approved final rules to implement new risk-based capital requirements in the United States for large, internationally active banking organizations. The new advanced capital adequacy framework, known as Basel II, more closely aligns regulatory capital requirements with actual risks...
Summary: The FDIC is requesting comments on the attached proposed amendments to Part 363 of its regulations, which sets forth annual independent audit and reporting requirements for insured institutions with $500 million or more in total assets.
The Office of the Comptroller of the Currency announced today it has approved a final rule implementing the advanced approaches of the Basel II Capital Accord.This rule establishes regulatory and supervisory expectations for credit risk, through the Internal Ratings Based Approach (IRB), and operational risk, through...
The Office of Thrift Supervision (OTS) today urged thrifts in areas affected by Southern California wildfires to consider all reasonable steps to meet customers’ financial needs.
OTS will work with thrifts to identify ways to assist in the recovery efforts of their customers and communities. To facilitate...
This GAO announcement has highlights of GAO-08-36, a report to congressional requesters.
An outbreak of pandemic flu would require close cooperation between the public and private sectors to ensure the protection of our nation’s critical infrastructure, such as drinking water and electricity. Because over 85...
Financial Institution Letters
Office of Foreign Assets Control
Specially Designated Nationals and Blocked Persons
FIL-95-2007
October 31, 2007
Summary: The Department of the Treasury's Office of Foreign Assets Control has added new entries to its Specially Designated Nationals and Blocked...
The federal financial institution regulatory agencies and the Federal Trade Commission have sent to the Federal Register for publication final rules on identity theft "red flags" and address discrepancies. The final rules implement sections 114 and 315 of the Fair and Accurate Credit Transactions Act of 2003. ...
Financial Institution Letter
Final Regulation R-Exceptions and Exemptions for Banks from the Definition of "Broker"
FIL-92-2007,
October 25, 2007
Summary:
On October 3, 2007, the Board of Governors of the Federal Reserve System (Board) and the U.S. Securities and Exchange Commission (SEC) published the...
DRAFT SP 800-39, Managing Risk from Information Systems: An Organizational Perspective
NIST announces the release of the initial public draft of Special Publication 800-39, Managing Risk from Information Systems: An Organizational Perspective.
The federal financial regulatory agencies issued final rules today that provide consumers with an opportunity to "opt out" before a financial institution uses information provided by an affiliated company to market its products and services to the consumer. The final rules on affiliate marketing implement section 214...
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