Banker's Toolbox Announces — ACQUISITION OF LOAN LOSS RESERVE POWERHOUSE, MAINSTREET TECHNOLOGIES
Banker's Toolbox, Inc., leaders in compliance solutions for financial institutions, announced the acquisition of Georgia-based MainStreet Technologies (MST). MST is an industry leader in the loan risk management space. This acquisition adds to a strong and growing portfolio of compliance-related solutions and will continue to enhance the value Banker's Toolbox brings to both their customers and the industry. (Read full press release here.)
FDIC publishes CMP inflation adjustments
The FDIC published in the January 12, 2018, Federat Register a final rule making civil money penalty inflation adjustments for violations of statutes, rules and orders within its jurisdiction. The rule amends § 308.116 of the FDIC's Rule and Regulations at 12 CFR Part 308. The amendment affects penalties assessed after January 15, 2018, for violations that occurred on or after November 2, 2015.