Light To Guide Our Feet
Light To Guide Our Feet

Menu

Collapse

Search Result

Collapse

Announcement

Collapse
No announcement yet.

What's Going On

Collapse

There are currently 154 users online. 55 members and 99 guests.

Most users ever online was 3,930 at 06:07 PM on 04-20-2019.

47 results in 0.0067 seconds.
Keywords
Members
Tags
agencies x
  •  

  • Statement from the U.S. Department of Education on the Status of Recognition of Nine Accrediting Agencies

    Statement from the U.S. Department of Education on the Status of Recognition of Nine Accrediting Agencies and Withdrawal of Recognition of the Accrediting Council for Independent Colleges and Schools | site |


    (Information contained in U.S. Department of Education press release dated: June 2, 2021)

    "Today the Department of Education's (ED) Senior Department Official (SDO) informed nine accreditors about the status of their recognition. The following agencies were approved for renewal of recognition for five years:
    • American Board of Funeral Services Education, Committee on Accreditation
    • Association of Institutions of Jewish Studies
    • American Speech-Language-Hearing Association, Council on Academic Accreditation in Audiology and Speech-Language Pathology
    • Council on Naturopathic Medical Education
    • Midwifery Education Accreditation Council
    • Montessori Accreditation Council on Teacher Education
    • National Accrediting Commission of Career
    ...
    See more | Go to post

  • Agencies release Proposed new Interagency Questions and Answers regarding Private Flood Insurance

    Agencies release Proposed new Interagency Questions and Answers regarding Private Flood Insurance | site |



    (Information contained in Board of Governors of the Federal Reserve System press release dated: March 11, 2021)


    Board of Governors of the Federal Reserve System

    Farm Credit Administration

    Federal Deposit Insurance Corporation

    National Credit Union Administration

    Office of the Comptroller of the Currency


    Washington - - Five federal regulatory agencies today requested public comment on 24 proposed Interagency Questions and Answers Regarding Private Flood Insurance. The proposal is intended to help lenders comply with the agencies' joint rule promulgated in 2019 to implement the private flood insurance provisions of the Biggert-Waters Flood Insurance Reform Act of 2012. The proposal incorporates new questions and answers in a number of areas including:
    • Mandatory
    ...
    See more | Go to post

  • Agencies issue Shared National Credit Review

    Agencies issue Shared National Credit Review

    Agencies issue Shared National Credit Review | site |




    (Information contained in Board of Governors of the Federal Reserve System press release dated: February 25, 2021)

    Board of Governors of the Federal Reserve System
    Federal Deposit Insurance Corporation
    Office of the Comptroller of the Currency
    Credit risk for large, syndicated loans has increased over the last year, according to the 2020 Shared National Credit (SNC) Review released by federal bank regulatory agencies today. The elevated risk is largely attributed to the effects of COVD-19. While risk has increased, many agent banks have strengthened their risk management systems since the prior downturn and are better equipped to measure and mitigate risks associated with loans in the current environment. The review, which evaluates the quality of large syndicated loans, was conducted by the Federal Reserve Board, the Federal Deposit Insurance Corporation, and the Office of the C
    ...
    See more | Go to post

  • Agencies propose Requirement for Computer Security Incident Notification

    Agencies propose Requirement for Computer Security Incident Notification

    Agencies propose Requirement for Computer Security Incident Notification | site |



    (Information contained in Board of Governors of the Federal Reserve System press release: December 18, 2020)


    Board of Governors of the Federal Reserve System

    Federal Deposit Insurance Corporation

    Office of the Comptroller of the Currency



    Agencies propose Requirement for Computer Security Incident Notification



    Federal financial regulatory agencies today announced a proposal that would require supervised banking organizations to promptly notify their primary federal regulator in the event of a computer security incident. In particular, alerts would be required for incidents that could result in a banking organization's inability to deliver services to a material portion of its customer base, jeopardize the viability of key operations of a banking organization, or impact the stability of...
    See more | Go to post

  • Agencies release Annual CRA asset-size Threshold Adjustments for Small and Intermediate Small Institutions

    Agencies release Annual CRA asset-size Threshold Adjustments for Small and Intermediate Small Institutions | site |



    (Information contained in Board of Governors of the Federal Reserve System press release: December 17, 2020)


    Agencies release Annual CRA asset-size Threshold Adjustments for Small and Intermediate Small Institutions



    Board of Governors of the Federal Reserve System

    Federal Deposit Insurance Corporation
    Washington - - The Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation today announced the annual adjustment to the asset-size thresholds used to define small bank and intermediate small bank under the Community Reinvestment Act (CRA) regulations. The annual adjustments are required by the CRA rules. Financial institutions are evaluated under different CRA examination procedures based upon their asset-size classification. Those meeting the small
    ...
    See more | Go to post

  • Agencies announce several Resolution Plan Actions

    Agencies announce several Resolution Plan Actions

    Agencies announce several Resolution Plan Actions| site |


    (Information contained in Board of Governors of the Federal Reserve System press release: December 9, 2020)

    Agencies announce several Resolution Plan Actions

    Board of Governors of the Federal Reserve System

    Federal Deposit Insurance Corporation
    The Federal Deposit Insurance Corporation and the Federal Reserve Board today announced several resolution plan actions. Resolution plans, commonly known as living wills, must describe the company's strategy for rapid and orderly resolution in bankruptcy in the event of material financial distress or failure of the company. First, the agencies confirmed that weaknesses previously identified in the resolution plans for several large foreign banks—Barclays, Credit Suisse, Deutsche Bank, and UBS—have been remediated. Second, the agencies finalized guidance for the resolution plans of certain large foreign bank
    ...
    See more | Go to post

  • Agencies issue Statement on LIBOR Transition

    Agencies issue Statement on LIBOR Transition

    Agencies issue Statement on LIBOR Transition| site |



    (Information contained in Board of Governors of the Federal Reserve System press release: November 30, 2020)


    Agencies issue Statement on LIBOR Transition


    Board of Governors of the Federal Reserve System

    Federal Deposit Insurance Corporation

    Office of the Comptroller of the Currency


    WASHINGTON—The Federal Reserve Board, Federal Deposit Insurance Corporation and Office of the Comptroller of the Currency today issued a statement encouraging banks to cease entering into new contracts that use USD LIBOR as a reference rate as soon as practicable and in any event by December 31, 2021, in order to facilitate an orderly—and safe and sound— LIBOR transition.


    Statement on LIBOR Transition (PDF)
    ...
    See more | Go to post

  • Agencies provide Temporary Relief to Community Banking Organizations

    Agencies provide Temporary Relief to Community Banking Organizations

    Agencies provide Temporary Relief to Community Banking Organizations | site |



    (Information contained in Board of Governors of the Federal Reserve System press release: November 20, 2020)


    Board of Governors of the Federal Reserve System

    Federal Deposit Insurance Corporation

    Office of the Comptroller of the Currency
    The federal bank regulatory agencies on Friday announced an interim final rule that provides temporary relief for certain community banking organizations related to certain regulations and reporting requirements as a result, in large part, of their growth in size from the coronavirus response. Community banking organizations are subject to different rules and requirements based on their risk profile and asset size. Due to participating in federal coronavirus response programs—such as the Paycheck Protection Program—and other lending that supports the U.S. economy, many community banking organizations h
    ...
    See more | Go to post

  • FinCEN and Federal Banking Agencies Clarify BSA Due Diligence Expectations for Charities and Non-Profit Customers

    FinCEN and Federal Banking Agencies Clarify BSA Due Diligence Expectations for Charities and Non-Profit Customers| site |


    (Information contained in U.S. Department of the Treasury press release: November 19, 2020)

    WASHINGTON—In coordination with the Federal Banking Agencies, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) today issued a joint fact sheet to provide clarity to banks on how to apply a risk-based approach to charities and other non-profit organizations (NPOs). The joint fact sheet highlights the importance of ensuring that legitimate charities have access to financial services and can transmit funds through legitimate and transparent channels, especially during the current COVID-19 pandemic. Also, the joint fact sheet reminds banks to apply a risk-based approach to customer due diligence (CDD) requirements when developing the risk profiles of charities and other non-profit customers. The fact sheet reaff
    ...
    See more | Go to post

  • Agencies release Fact Sheet to clarify Bank Secrecy Act Due Diligence Requirements

    Agencies release Fact Sheet to clarify Bank Secrecy Act Due Diligence Requirements for Banks and Credit Unions that offer Services to Charities and Non-profits | site |


    (Information contained in Board of Governors of the Federal Reserve System press release: November 19, 2020)

    Board of Governors of the Federal Reserve System
    Federal Deposit Insurance Corporation
    National Credit Union Administration
    Office of the Comptroller of the Currency
    Federal financial institution regulatory agencies today issued a joint fact sheet clarifying that bank and credit union compliance efforts to meet Bank Secrecy Act due diligence requirements for customers that are charities and other nonprofit organizations should be based on the money laundering risks posed by the customer relationship. The fact sheet highlights the importance of legitimate charities and nonprofit organizations having access to financial services and being able to transmit funds
    ...
    See more | Go to post

  • Agencies announce dollar thresholds in Regulations Z and M for exempt consumer credit and lease transactions

    Agencies announce Dollar Thresholds in Regulations Z and M for Exempt Consumer Credit and Lease transactions | site |


    (Information contained in Board of Governors of Federal Reserve System press release: November 18, 2020)


    Agencies announce dollar thresholds in Regulations Z and M for exempt consumer credit and lease transactions

    Board of Governors of the Federal Reserve System

    Consumer Financial Protection Bureau


    Washington, D.C. — The Federal Reserve Board and Consumer Financial Protection Bureau today announced the dollar thresholds in Regulation Z (Truth in Lending) and Regulation M (Consumer Leasing) that will apply for determining exempt consumer credit and lease transactions in 2021. These thresholds are set pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) amendments to the Truth in Lending Act and the Consumer Leasing Act that require adjusting the thresho...
    See more | Go to post

  • Agencies announce Threshold for smaller Loan Exemption from Appraisal Requirements for Higher-priced Mortgage Loans

    Agencies announce Threshold for smaller Loan Exemption from Appraisal Requirements for Higher-priced Mortgage Loans | site |



    (November 18, 2020) - - Today the Board of Governors of the Federal Reserve System published the following information:

    Board of Governors of the Federal Reserve System

    Consumer Financial Protection Bureau

    Office of the Comptroller of the Currency
    WASHINGTON, D.C. — The Consumer Financial Protection Bureau, Federal Reserve Board, and Office of the Comptroller of the Currency today announced that the threshold for exempting loans from special appraisal requirements for higher-priced mortgage loans during 2021 will remain at $27,200, as it was in 2020. The threshold amount will be effective January 1, 2021, and is based on the annual percentage increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) as of June 1, 2020. The Dodd-Frank Wall Street Reform and Con
    ...
    See more | Go to post

  • Agencies release Paper on Operational Resilience

    Agencies release Paper on Operational Resilience

    Agencies release Paper on Operational Resilience | site |




    (October 30, 2020) - - On October 30, 2020, the Board of Governors of the Federal Reserve System published the following information:


    Agencies release paper on operational resilience

    Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation Office of the Comptroller of the Currency Federal bank regulatory agencies today released a paper outlining sound practices designed to help large banks increase operational resilience. Examples of risks to operational resilience include cyberattacks, natural disasters, and pandemics. The "Sound Practices to Strengthen Operational Resilience" paper outlines practices to increase operational resilience that are drawn from existing regulations, guidance, statements, and common industry standards. The practices are grounded in effective governance and risk management techniques, consider third-...
    See more | Go to post

  • Agencies propose Regulation on the Role of Supervisory Guidance

    Agencies propose Regulation on the Role of Supervisory Guidance

    Agencies propose Regulation on the Role of Supervisory Guidance| site |


    (October 29, 2020) - - Today, October 29, 2020, the Board of Governors of the Federal Reserve System published the following information:


    Agencies propose Regulation on the Role of Supervisory Guidance



    Board of Governors of the Federal Reserve System
    Consumer Financial Protection Bureau
    Federal Deposit Insurance Corporation
    National Credit Union Administration
    Office of the Comptroller of the Currency



    Five federal financial regulatory agencies today invited comment on a proposal outlining and confirming the agencies' use of supervisory guidance for regulated institutions. The proposal would codify the statement, as amended, that was issued in September 2018 by the agencies that clarified the differences between regulations and guidance. Unlike a law or regulation, supervisory guidance does not ha...
    See more | Go to post

  • Agencies invite Comment on Proposed Rule under Bank Secrecy Act

    Agencies invite Comment on Proposed Rule under Bank Secrecy Act

    Agencies invite Comment on Proposed Rule under Bank Secrecy Act | site |



    (October 23, 2020) - - Today, October 23, 2020, the Board of Governors of the Federal Reserve System published the following information:





    Agencies invite comment on proposed rule under Bank Secrecy Act


    Board of Governors of the Federal Reserve System
    Financial Crimes Enforcement Network



    The Financial Crimes Enforcement Network (FinCEN) and the Federal Reserve Board today invited comment on a proposed rule that would amend the recordkeeping and travel rule regulations under the Bank Secrecy Act. FinCEN and the Board, pursuant to their shared authority, are proposing amendments to the recordkeeping rule jointly, while FinCEN, pursuant to its sole authority, is proposing amendments to the travel rule. Under the current recordkeeping and travel rule regulations, financial institutions must collect, retain, and
    ...
    See more | Go to post

Menu

Collapse

Trending

Collapse

  • Staff Reporter 1
    Statement from the U.S. Department of Education on the Status of Recognition of Nine Accrediting Agencies
    by Staff Reporter 1
    Statement from the U.S. Department of Education on the Status of Recognition of Nine Accrediting Agencies and Withdrawal of Recognition of the Accrediting Council for Independent Colleges and Schools | site |


    (Information contained in U.S. Department of Education press release dated: June 2, 2021)

    "Today the Department of Education's (ED) Senior Department Official (SDO) informed nine accreditors about the status of their recognition. The following agencies were approved for renewal of recognition for five years:
    • American Board of Funeral Services Education, Committee on Accreditation
    • Association of Institutions of Jewish Studies
    • American Speech-Language-Hearing Association, Council on Academic Accreditation in Audiology and Speech-Language Pathology
    • Council on Naturopathic Medical Education
    • Midwifery Education Accreditation Council
    • Montessori Accreditation Council on Teacher Education
    • National Accrediting Commission of Career
    ...
    06-08-2021, 11:07 PM
  • Staff Reporter 1
    Agencies release Proposed new Interagency Questions and Answers regarding Private Flood Insurance
    by Staff Reporter 1
    Agencies release Proposed new Interagency Questions and Answers regarding Private Flood Insurance | site |



    (Information contained in Board of Governors of the Federal Reserve System press release dated: March 11, 2021)


    Board of Governors of the Federal Reserve System

    Farm Credit Administration

    Federal Deposit Insurance Corporation

    National Credit Union Administration

    Office of the Comptroller of the Currency


    Washington - - Five federal regulatory agencies today requested public comment on 24 proposed Interagency Questions and Answers Regarding Private Flood Insurance. The proposal is intended to help lenders comply with the agencies' joint rule promulgated in 2019 to implement the private flood insurance provisions of the Biggert-Waters Flood Insurance Reform Act of 2012. The proposal incorporates new questions and answers in a number of areas including:
    • Mandatory
    ...
    03-14-2021, 04:30 AM
  • Staff Reporter 1
    Agencies issue Shared National Credit Review
    by Staff Reporter 1
    Agencies issue Shared National Credit Review | site |




    (Information contained in Board of Governors of the Federal Reserve System press release dated: February 25, 2021)

    Board of Governors of the Federal Reserve System
    Federal Deposit Insurance Corporation
    Office of the Comptroller of the Currency
    Credit risk for large, syndicated loans has increased over the last year, according to the 2020 Shared National Credit (SNC) Review released by federal bank regulatory agencies today. The elevated risk is largely attributed to the effects of COVD-19. While risk has increased, many agent banks have strengthened their risk management systems since the prior downturn and are better equipped to measure and mitigate risks associated with loans in the current environment. The review, which evaluates the quality of large syndicated loans, was conducted by the Federal Reserve Board, the Federal Deposit Insurance Corporation, and the Office of the C
    ...
    02-26-2021, 01:02 AM
  • Staff Reporter 1
    Agencies propose Requirement for Computer Security Incident Notification
    by Staff Reporter 1
    Agencies propose Requirement for Computer Security Incident Notification | site |



    (Information contained in Board of Governors of the Federal Reserve System press release: December 18, 2020)


    Board of Governors of the Federal Reserve System

    Federal Deposit Insurance Corporation

    Office of the Comptroller of the Currency



    Agencies propose Requirement for Computer Security Incident Notification



    Federal financial regulatory agencies today announced a proposal that would require supervised banking organizations to promptly notify their primary federal regulator in the event of a computer security incident. In particular, alerts would be required for incidents that could result in a banking organization's inability to deliver services to a material portion of its customer base, jeopardize the viability of key operations of a banking organization, or impact the stability of...
    12-18-2020, 06:40 PM
  • Staff Reporter 1
    Agencies release Annual CRA asset-size Threshold Adjustments for Small and Intermediate Small Institutions
    by Staff Reporter 1
    Agencies release Annual CRA asset-size Threshold Adjustments for Small and Intermediate Small Institutions | site |



    (Information contained in Board of Governors of the Federal Reserve System press release: December 17, 2020)


    Agencies release Annual CRA asset-size Threshold Adjustments for Small and Intermediate Small Institutions



    Board of Governors of the Federal Reserve System

    Federal Deposit Insurance Corporation
    Washington - - The Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation today announced the annual adjustment to the asset-size thresholds used to define small bank and intermediate small bank under the Community Reinvestment Act (CRA) regulations. The annual adjustments are required by the CRA rules. Financial institutions are evaluated under different CRA examination procedures based upon their asset-size classification. Those meeting the small
    ...
    12-18-2020, 02:32 PM

Menu

Collapse

Menu

Collapse

Working...
X