Briefs

Minutes of the Federal Open Market Committee’s April 24-25 meeting state that several members of the FOMC indicated that additional monetary policy accommodations could be necessary if the economic recovery lost momentum or the downside risks to

 
Federal Housing Finance Agency Acting Director Edward J. DeMarco released for public comment the FHFA’s draft Strategic Plan: Fiscal Years 2013-2017. FHFA is updating its plan in order to incorporate the strategic plan for the conservator

The FDIC released FIL-21-2012 to announce that the agency’s Division of Depositor and Consumer Protection will host a teleconference focusing on third-party compliance risk management on June 5.  The conference will include discussion of the FD

The Office of Comptroller of the Currency announced on May 11 that it has directed Allonhill to cease reviewing files related to the Independent Foreclosure Review as a primary independent consultant or subcontracted consultant. The OCC said its d

Fitch Ratings said it has noted an increase in the offering of prepaid cards, as U.S. banks look to offset revenue reduction resulting from implementation of the Durbin Amendment. “We believe Durbin could, on average, cut potential fees on debit

The Conference of State Bank Supervisors (CSBS) has released its annual report highlighting accomplishments of 2011 and strategic goals for 2012.  “While many indicators reflect gradual economic recovery, 2012 will undoubtedly present continued

Flood Insurance Reauthorization Running out of Time. A coalition of 26 trade associations, including the American Bankers Association, the Independent Community Bankers of America, the Mortgage Bankers Association, and the National Ready Mixed Con

CFPB Extends Overdraft Comment Period
The Consumer Financial Protection Bureau announced on April 25 that it is extending the comment period, to June 29, on its inquiry into checking account overdraft programs. When the CFPB first asked for co

Big Bank Assessments

The FDIC adopted limited clarifications and definition changes to the deposit insurance assessment system for insured depository institutions with more than $10 billion of assets. The proposal would amend the definitio

OCC, Bank Settle Remote Check CaseTARP Repayments Reach $186 Billion; GM RepaysGovernment Unveils New $100 Note

Consumer Bankruptcies Hit Five-Year PeakFSB Makes Progress on Reforming CompensationFDIC Developing Templates for Underserved

Mortgage Performance Declined in Fourth QuarterFed Issues Three Consumer Affairs Letters

SEC Issues Warning on Pay-to-Play RulesNCUA Head Promises Corporate Resolution PlanFed Rules Restrict Gift Card Practices

Wachovia to Pay $160 Million to Avoid ProsecutionConnecticut Sues Credit Rating Agencies

Legislation Extends SBA Recovery Loan ProgramFebruary Unemployment Holds at 9.7 Percent

FED Vice Chairman Kohn to RetireFinCEN Updates Mortgage Loan Fraud Data

Overdraft Clarifications: Fed Proposes Regs E and DD Changes Fed Online Guidance Features ATM, Debit Card Overdraft Rules OCC, Capital One Settle Account-Closing Charges

HAMP Permanent Modifications Nearly Double Housing Starts Rose, Permits Fell in January Legislation Needed for Ramped-Up Data Collection FOMC Pessimistic on Employment

FinCEN Expands Scope of Information Sharing FTC Would Bar Up-Front Fees for Mortgage Relief

Treasury Opens TARP Program for CDFIsFHFA Reports on Fannie, Freddie