Stories by Fed Newswire on Federal Newswire


Written agreement with CSRA Bank Corp.

News Release: The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and among CSRA Bank Corp., Wrens, Georgia, a registered bank holding company, the Federal Reserve Bank of Atlanta, and the Banking Commissioner of the State of Georgia.


Written agreement with Guaranty Development Company and American Bank

News Release: The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and among Guaranty Development Company, Livingston, Montana, a registered bank holding company, and its subsidiary bank, American Bank, Bozeman, Montana, a state-chartered member bank, the Federal Reserve Bank of Minneapolis, and the Montana Division of Banking and Financial Institutions.


Written agreement with First Bancshares

News Release: The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and between First Bancshares, Inc., of Cold Spring, Cold Spring, Minnesota, a registered bank holding company, and the Federal Reserve Bank of Minneapolis.


Written agreement with MidSouth Bank

News Release: The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and between MidSouth Bank, Murfreesboro, Tennessee, a state-chartered member bank, and the Federal Reserve Bank of Atlanta.


Written agreement with Union Bancshares

News Release: The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and among Union Bancshares, Inc., Marksville, Louisiana, a registered bank holding company, the Federal Reserve Bank of Atlanta, and the Louisiana Office of Financial Institutions.


Written agreement with Battle Creek State Company and Battle Creek State Bank

News Release: The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and among Battle Creek State Company, Inc., Battle Creek, Nebraska, a registered bank holding company, Battle Creek State Bank, Battle Creek, Nebraska, a state-chartered member bank, the Federal Reserve Bank of Kansas City, and the Nebraska Department of Banking and Finance.


Cease and desist order against Barclays Bank and Barclays Bank New York Branch

News Release: The Federal Reserve Board and the New York State Banking Department on Wednesday announced the issuance of a consent Order to Cease and Desist against Barclays Bank PLC, London and the bank's branch in New York. The Order requires Barclays Bank to improve its program for compliance with U.S. economic sanctions requirements on a global basis.


Written agreement with Wisconsin Bancshares

News Release: The Federal Reserve Board on Wednesday announced the execution of a Written Agreement by and between Wisconsin Bancshares, Inc., Kenosha, Wisconsin, a registered bank holding company, and the Federal Reserve Bank of Chicago.


Order of assessment of civil money penalty against Texas Star Bank

News Release: The Federal Reserve Board on Tuesday announced the issuance of a Consent Order of Assessment of a Civil Money Penalty against Texas Star Bank, Van Alstyne, Texas, a state member bank. Texas Star Bank, without admitting to any allegations, consented to the issuance of the Order in connection with its alleged violations of the Board's regulations implementing the National Flood Insurance Act.


Written agreement with Madison Financial Corporation and Madison Bank

News Release: The Federal Reserve Board on Monday announced the execution of a Written Agreement by and among Madison Financial Corporation, Richmond, Kentucky, a registered bank holding company, Madison Bank, Richmond, Kentucky, a state-chartered member bank, the Federal Reserve Bank of Cleveland, and the Commonwealth of Kentucky Department of Financial Institutions.


Prompt corrective action directive against First Banking Center

News Release: The Federal Reserve Board on Monday announced the issuance of a Prompt Corrective Action Directive with the consent of First Banking Center, Burlington, Wisconsin, a state-chartered member bank.


Federal Reserve proposes enhanced consumer protections and disclosures for home mortgage transactions

News Release: The Federal Reserve Board on Monday proposed enhanced consumer protections and disclosures for home mortgage transactions. The proposal includes significant changes to Regulation Z (Truth in Lending) and represents the second phase of the Board's comprehensive review and update of the mortgage lending ...


Federal Reserve announces final rules to protect mortgage borrowers from unfair, abusive, or deceptive lending practices that can arise from loan originator compensation practices

News Release: The Federal Reserve Board on Monday announced final rules to protect mortgage borrowers from unfair, abusive, or deceptive lending practices that can arise from loan originator compensation practices. The new rules apply to mortgage brokers and the companies that employ them, as well as mortgage loan officers employed by depository institutions and other lenders.


Federal Reserve announces final rules regarding consumer notification of mortgage loan sales or transfers

News Release: The Federal Reserve Board on Monday announced final rules to implement a statutory amendment to the Truth in Lending Act requiring that consumers receive notice when their mortgage loan has been sold or transferred. The new disclosure requirement became effective in May 2009, upon enactment of the Helping Families Save Their Homes Act. Under that act, a purchaser or assignee that acquires a mortgage loan must provide the required disclosures in writing within 30 days.


Federal Reserve issues interim rule revising disclosure requirements for closed-end mortgages

News Release: The Federal Reserve Board on Monday issued an interim rule that revises the disclosure requirements for closed-end mortgage loans under Regulation Z (Truth in Lending). The interim rule implements provisions of the Mortgage Disclosure Improvement Act (MDIA) that require lenders to disclose how borrowers' regular mortgage payments can change over time.


Federal Reserve proposes rule to revise escrow account requirements for jumbo mortgages

News Release: The Federal Reserve Board on Monday proposed a rule to revise the escrow account requirements for higher-priced, first-lien "jumbo" mortgage loans. The proposed rule, which implements a provision of the Dodd-Frank Wall Street Reform and Consumer Protection Act, would increase the annual percentage rate ...


CRA Hearing in Los Angeles to be Available For Online Viewing

News Release: Online viewing will be available for a public hearing Tuesday in Los Angeles on modernizing the regulations that implement the Community Reinvestment Act (CRA).


Written agreement with Brand Group Holdings and The Brand Banking Company

News Release: The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and among Brand Group Holdings, Inc., Lawrenceville, Georgia, a registered bank holding company, The Brand Banking Company, Lawrenceville, Georgia, a state-chartered member bank, the Federal Reserve Bank of Atlanta, and the Banking Commissioner of the State of Georgia.


Prompt corrective action directive against Paramount Bank

News Release: The Federal Reserve Board on Thursday announced the issuance of a Prompt Corrective Action Directive with the consent of Paramount Bank, Farmington Hills, Michigan, a state-chartered member bank.


Federal Reserve implements legislation regarding effective dates for gift card rules

News Release: The Federal Reserve Board on Wednesday announced its approval of an interim final rule implementing recent legislation modifying the effective date of certain disclosure requirements applicable to gift cards under the Credit Card Accountability Responsibility and Disclosure Act of 2009. For gift certificates, ...