Wednesday, September 4, 2013
09/04/13: Appraisal Subcommittee of the Federal Financial Institutions Examination Council; Notice of Meeting. Open meeting is 10:30 a.m. 09/11/13; closed session follows immediately.
08/26/13: NCUA liquidated El Paso’s FCU last September. NCUA’s inspector general office released a 38-page material loss review last week that features numerous redactions throughout. The report highlights issues with excessive fee income and problems with internal controls and record keeping. It says NCUA examiners could have prevented losses to the National Credit Union Share Insurance Fund if they had been more aggressive in addressing these and “identified and followed up on potential fraud risk factors.”
- OIG report on MLR PDF
Tuesday, September 3, 2013
09/03/13: Data Collection Available for Public Comments. Comments due 11/04/13. The Small Business Administration is changing forms used for the standard 7(a) and Lender Advantage Programs.
08/29/13: This will be a discussion forum on the bureau’s findings regarding financial products marketed to students. The forum is scheduled for 1 p.m. Eastern in Washington. Consumer Financial Protection Bureau.
- Announcement HTML
08/28/13: The CAB is scheduled to meet at 11 a.m. Central time at Mississippi Valley State University. Consumer Financial Protection Bureau.
08/28/13: The toolkit is for school districts and other public service organizations seeking to help their employees pay off or find out how to get relief from student loan debt. Consumer Financial Protection Bureau.
08/26/13: The bureau has announced four staff changes in the Office of Intergovernmental Affairs, Office of Research, Office of Regulations and Office of Financial Institutions and Business Liaison. Consumer Financial Protection Bureau.
- Announcement HTML
Friday, August 30, 2013
08/30/13: NCUA has filed suit in Federal District Court in Kansas against Morgan Stanley & Co., Inc. and other firms, alleging violations of federal and state securities laws in the sale of more than $566 million in mortgage-backed securities to the U.S. Central and WesCorp corporate credit unions.
08/30/13: Seven persons are barred from future participation in the affairs of any federally insured financial institution. NCUA.
08/30/13: Richard Cordray has affirmed and ratified actions he took while CFPB director under a recess appointment. He was confirmed to the director post this July. Consumer Financial Protection Bureau.
08/30/13: Update to Notice of Financial Institutions for Which the Federal Deposit Insurance Corporation Has Been Appointed Either Receiver, Liquidator, or Manager. Names two banks closed 08/23/13. FDIC.
08/31/13: Telemarketing Sales Rule Fees. Final rule. Effective 10/01/13. This increases the fees to entities accessing the National Do Not Call Registry. Federal Trade Commission.