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.)
OCC proposes assessments refunds for departing institutions
The OCC published this morning [84 FR 10270] a proposal to revise its assessment rules in 12 CFR part 8 to provide partial assessment refunds to banks under OCC jurisdiction that exit OCC jurisdiction within the three months following June 30 and December 31 of each year. The proposed rule would not change the current dates of collection for assessments nor would it change the way in which assessments are calculated for banks that remain under the OCC's supervision. Comments on the proposed rule, which would also make technical changes to the assessments rules, are due by April 19, 2019.