Federal, state agencies developing ROAM database to fight fraud against the military

01/25/12: Federal, state officials to unveil database to fight fraud against service members, veterans. The Repeat Offenses Against Military database will include information on completed actions; slated to be working by early February. CFPB, military branches, state officials join in announcement. Link

CFPB, FTC sign working agreement

01/23/2012: Memorandum of understanding details cooperation between Consumer Financial Protection Bureau, Federal Trade Commission.

• Announcement Link
• Memorandum PDF

FDIC update of failed institutions list

01/27/12: Update to Notice of Financial Institutions for Which the Federal Deposit Insurance Corporation Has Been Appointed Either Receiver, Liquidator, or Manager. Update Listing of Financial Institutions in Liquidation. FDIC.
Lists three banks closed 01/20/12. PDF Text

NCUA liquidates Eastern New York FCU

01/27/12: NCUA liquidates Eastern New York FCU of Napanoch, N.Y. Members, assets, loans and debts assumed by USAlliance FCU of Rye, N.Y.
PDF Text

NCUA 01/26 board meeting results

01/26/12: NCUA Board approves final rule on interest-rate risk policies at credit unions. The board also addressed troubled debt restructuring transactions and derivatives. In closed session, the board approved the merger of West Virginia Corporate FCU into Volunteer Corporate FCU.

• Summary PDF Text
  
• Final Rule – Part 741 of NCUA’s Rules and Regulations, Interest Rate Risk Policy and Program.
 Item 1a; Item 1b
• Proposed Rule – Part 741 of NCUA’s Rules and Regulations, Loan Workouts, Nonaccrual Policy, and Regulatory Reporting of Troubled Debt Restructured Loans.
 Item 2a; Item 2b
• Advance Notice of Proposed Rulemaking, Part 703 of NCUA’s Rules and Regulations, Derivatives. 
Item 3a; Item 3b
• Closed meeting results Link
  

FHFA advance notice of proposed rulemaking, mortgage assets affected by PACE programs

01/26/12: Mortgage Assets Affected by PACE Programs. Advance notice of proposed rulemaking; request for comments; notice of intent to prepare environmental impact statement; request for scoping comments. Federal Housing Finance Agency.
Comments are due 03/26/12. PDF Text

NCUA Board sets 01/26 open meeting agenda

01/19/12: NCUA Board releases 01/26 open meeting agenda. Agenda includes final rule on interest-rate risk policies and programs; a proposed rule on workouts, nonaccrual policy, troubled debt restructurings; advance notice of proposed rulemaking on derivatives.
Open meeting is 10 a.m. 01/26; closed meeting follows. HTML

NCUA Board approves conservatorship action

01/06/12: NCUA Board approves placing People for People FCU (Philadelphia) into conservatorship.
PDF HTML

CFPB statement, exam procedures regarding payday lending

01/19/12: Consumer Financial Protection Bureau convened hearing in Birmingham, Ala., on payday lending.

• CFPB statement for payday lending hearing Link
• Exam procedures PDF

CFPB proposed information collection, financial education program evaluation

01/19/12: Clearance for Financial Education Program Evaluation. Proposed collection; comment request. Consumer Financial Protection Bureau.
Comments are due 03/19/12. PDF Text

CFPB proposed information collection, credit card terms

01/19/12: Report of Terms of Credit Card Plans. Proposed collection; comment request. Consumer Financial Protection Bureau.
Comments are due 03/19/12. PDF Text

CFPB renewal of information collection, consumer disclosures

01/19/12: Fair Credit Reporting Act (Regulation V) 12 CFR Part 1022. Agency Information Collection Activities; renewal of currently approved collections; comment request. Consumer Financial Protection Bureau.
Comments are due 03/19/12. PDF Text

CFPB notice of proposed Privacy Act system of records

01/19/12: Privacy Act of 1974, as Amended. Notice of Proposed Privacy Act System of Records. Consumer Financial Protection Bureau.
Comments are due 02/21/12; rule effective 02/28/12 unless comments persuade otherwise. PDF Text

OFAC blocked persons designation lifted

01/19/12: Unblocking of One Specially Designated National or Blocked Person Pursuant to Executive Order 13315, as Amended. Notices. Office of Foreign Assets Control.
Both effective 01/10/12.

• First notice PDF Text
• Second notice PDF Text