June 12, 2017 | Publication
Supervision News Flash - June 2017
In this issue we discuss the need to align your policy limits with your risk tolerance; we highlight analyses you can do now with your most recent HMDA and CRA data; we share how to avoid common BHC issues; we talk about restrictions on sharing confidential supervisory information; we highlight upcoming events and we recap recent Supervision and Regulation Letters.
Regulatory News
June 2, 2017 | News
New final amendments to Reg CC’s check collection and return provisions create a framework for electronic check collection and return and create new warranties for electronic checks. These amendments take effect July 1, 2018. Additional proposed amendments to Reg CC, published today in the Federal Register, would create a presumption in certain disputes that a substitute or electronic check has been altered rather than forged. The presumption is intended to clarify the burden of proof in these disputes. The deadline for public comment is August 1, 2017.
Sept. 8, 2016 | News
The Board of Governors has adopted a final policy statement laying out the framework it will follow and explaining the factors it will consider as it sets the Countercyclical Capital Buffer, which is intended to help the largest banking organizations absorb shocks that arise when credit conditions worsen. The policy statement takes effect October 14, 2016.
Fraud Awareness
March 25, 2014
The counterfeit cashier's check scheme traditionally targets people who are selling items over the Internet or through classified ads. The cashier's check given to a seller and/or potential employee may be fraudulent and eventually returned to the bank.
Additional Resources
The Supervision News Flash helps you stay abreast of topics and trends affecting financial institutions in the Fifth Federal Reserve District. On a periodic basis we’ll share insights on what our examiners, analysts and economists are seeing both within the Richmond Fed’s portfolio as well as trends from across the entire System.
The National Federal Reserve Financial Services website presents the products and services available for institutions in the Fifth District.
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