July 31, 2017 | Publication
Supervision News Flash - July 2017
In this issue we discuss the need for sound policies and procedures for construction lending; we highlight how third-party relationships that advertise deposit rates and generate funding for your institution may meet the FDIC’s definition for a brokered deposit; we highlight upcoming events and we recap recent Supervision and Regulation Letters.
Regulatory News
Aug. 9, 2017 | News
A new proposed rule, published today in the Federal Register, would refocus the Federal Reserve's supervisory expectations for the largest banking organizations’ boards of directors in order to improve corporate governance, increase efficiency, support greater accountability, and promote compliance with laws and regulations. The deadline for public comment is October 10, 2017.
July 31, 2017 | News
A new proposed rule, published today in the Federal Register, would increase the threshold level above which appraisals wouldn’t be required for commercial real estate transactions. The current threshold is $250,000 and the proposed rule would raise that threshold to $400,000. The deadline for public comment is September 29, 2017.
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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