By Fed Newswire | Oct 22, 2013
News Release: The Federal Reserve Board on Tuesday announced the termination of the enforcement action listed below: Bank of New York Mellon, New York, New York Cease and Desist dated April 13, 2012 Terminated Oct. 16, 2013 Search of Federal Reserve enforcement actions. For media inquiries, call 202-452-2955.
By Fed Newswire | Oct 22, 2013
News Release: Five federal regulatory agencies today issued a statement to address industry questions about fair lending risks associated with offering only Qualified Mortgages. Creditors have asked for clarity regarding whether the disparate impact doctrine of the Equal Credit Opportunity Act (ECOA) and its implementing ...
By Fed Newswire | Oct 17, 2013
News Release: The Federal Reserve Board on Thursday announced the execution of the following enforcement action: Commerzbank AG, Frankfurt am Main, Germany and Commerzbank AG New York Branch (PDF), New York, New York Consent Cease and Desist Order dated Oct. 16, 2013 The Federal Reserve Board also announced the ...
By Fed Newswire | Oct 16, 2013
News Release: WASHINGTON--The Office of the Comptroller of the Currency (OCC) and the Federal Reserve Board today released amendments to their enforcement actions against EverBank and EverBank Financial Corp. The amendments memorialize an agreement announced in August requiring the bank to pay approximately $37 million to more than 32,000 eligible mortgage borrowers affected by unsafe and unsound practices in mortgage loan servicing and foreclosure processing.
By Fed Newswire | Oct 15, 2013
News Release: The Federal Reserve Board on Tuesday released the minutes of its discount rate meetings from August 12 through Sept. 16, 2013.
By Fed Newswire | Oct 15, 2013
News Release: The Federal Reserve Board on Tuesday announced the execution of the following enforcement actions: Highlands Community Bank (PDF), Covington, Virginia Order of Assessment of Civil Money Penalty dated October 9, 2013 New Peoples Bank (PDF), Honaker, Virginia Order of Assessment of Civil Money Penalty ...
By Fed Newswire | Oct 11, 2013
News Release: Five federal regulatory agencies are issuing a joint notice of proposed rulemaking to amend regulations pertaining to loans secured by property located in special flood hazard areas. The proposed rule would implement certain provisions of the Biggert-Waters Flood Insurance Reform Act of 2012 (Biggert-Waters) ...
By Fed Newswire | Oct 10, 2013
News Release: The Federal Reserve Board on Thursday announced that it has reached an agreement in principle with SunTrust Banks, Inc., and certain of its subsidiaries (SunTrust) regarding the issuance of $160 million in monetary sanctions. The monetary sanctions would be assessed for unsafe and unsound processes and practices in residential mortgage loans servicing and foreclosure processing.
By Fed Newswire | Oct 10, 2013
News Release: The credit quality of large loan commitments owned by U.S. banking organizations, foreign banking organizations (FBOs), and nonbanks was relatively unchanged in 2013 from the prior year, federal banking agencies said Thursday. The volume of criticized assets remained elevated at $302 billion, or 10 percent ...
By Fed Newswire | Oct 9, 2013
News Release: Statement by Federal Reserve Board Chairman Ben S. Bernanke: President Obama has made an outstanding choice in nominating my colleague and friend Janet Yellen to chair the Federal Reserve Board. Janet is exceptionally well qualified for the position, with stellar academic credentials and a strong record as a leader and a policymaker.
By Fed Newswire | Oct 9, 2013
News Release: Statement by Federal Reserve Board Vice Chair Janet L. Yellen: Thank you, Mr. President, I am honored and humbled by the faith you have placed in me. If confirmed by the Senate, I pledge to do my utmost to keep that trust and meet the great responsibilities that Congress has entrusted to the Federal Reserve--to promote maximum employment, stable prices, and a strong and stable financial system.
By Fed Newswire | Oct 9, 2013
News Release: The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on September 17-18, 2013.
By Fed Newswire | Oct 9, 2013
News Release: Five federal regulatory agencies encourage financial institutions to work with customers affected by the federal government shutdown.
By Fed Newswire | Oct 8, 2013
News Release: The Federal Reserve on Tuesday began supplying financial institutions with a redesigned $100 note that incorporates new security features to deter counterfeiters and help businesses and consumers tell whether a note is genuine.
By Fed Newswire | Oct 8, 2013
News Release: The Federal Reserve Board on Tuesday announced the termination of the enforcement action listed below: Bank Hapoalim, B.M., Tel Aviv, Israel; Bank Hapoalim, B.M., Miami Branch, Aventura, Florida Written Agreement dated July 8, 2009 Terminated October 4, 2013 Search of Federal Reserve enforcement actions. For media inquiries, call 202-452-2955.
By Fed Newswire | Oct 4, 2013
News Release: The Federal Reserve Board on Friday announced its approval of the applications by First Farmers Bank & Trust, Converse, Indiana, (1) to acquire certain assets and assume certain liabilities from Bank of Indiana, National Association, Dana, Indiana; and (2) to establish branches and operate branches at the locations of the four acquired branches of Bank of Indiana.
By Fed Newswire | Oct 3, 2013
News Release: The Federal Reserve Board on Thursday announced the termination of the enforcement action listed below: Alliance Financial Services, Inc., Saint Paul, Minnesota Written Agreement dated December 8, 2011 Terminated Sept. 30, 2013 Search of Federal Reserve enforcement actions.
By Fed Newswire | Oct 3, 2013
News Release: The Federal Deposit Insurance Corporation (FDIC) and the Board of Governors of the Federal Reserve System (Board) on Thursday released the public sections of the recently filed annual resolution plans for 11 firms. Each plan must describe the company's strategy for rapid and orderly resolution in the event of material financial distress or failure of the company.
By Fed Newswire | Oct 1, 2013
News Release: The Federal Reserve Board on Tuesday announced the execution of the following enforcement action: Trinity Capital Corporation (PDF), Los Alamos, New Mexico Written Agreement dated Sept. 26, 2013 Search of Federal Reserve enforcement actions.
By Fed Newswire | Sep 26, 2013
News Release: The Federal Reserve Board on Thursday announced its approval of the application and notice under sections 3 and 4 of the Bank Holding Company Act by One PacificCoast Foundation and One PacificCoast Bancorp, Inc. both of Oakland, California, to become bank holding companies by acquiring 90.1 percent of ...
