Sept. 20, 2017 | Publication
Supervision News Flash - September 2017
In this issue we cover cyber-insurance policies as well as the requirement to report cyber-attacks to your primary federal regulator; we focus on the importance of internal audit risk assessments; we highlight upcoming events and we recap recent Supervision and Regulation Letters.
Regulatory News
Sept. 20, 2017 | News
A new proposed interagency rule, published today in the Federal Register, would amend the federal bank regulatory agencies’ Community Reinvestment Act regulations to conform to changes the Consumer Financial Protection Bureau has made to Regulation C, which implements the Home Mortgage Disclosure Act. The agencies anticipate that the proposed amendments will take effect on January 1, 2018. The deadline for public comment is October 20, 2017.
Sept. 6, 2017 | News
In a joint statement, federal and state banking regulators have committed to provide regulatory assistance to supervised institutions in areas affected by Hurricane Irma and encourage those institutions to meet the financial services needs of their communities.
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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