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Exception Tracking Spreadsheet (TicklerTrax™)
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09/06/2016

FDIC advisory on Louisiana flood relief

The FDIC has issued FIL-59-2016, which encourages depository institutions to consider all reasonable and prudent steps to assist customers in communities affected by recent storms and flooding in Louisiana.

09/06/2016

OCC August CRA evaluations

The OCC has released a list of Community Reinvestment Act (CRA) performance evaluations that became public during August 2016. The list contains only national banks, federal savings associations, and insured federal branches of foreign banks that have received ratings. The possible ratings are outstanding, satisfactory, needs to improve, and substantial noncompliance. Seven on the list are rated outstanding, 22 are rated satisfactory and one is rated substantial noncompliance.

09/02/2016

Court bans mortgage relief scammers

The Federal Trade Commission has announced that the principals of a mortgage relief operation and their companies are banned from the mortgage loan modification and debt relief business under court orders obtained by the Commission. The order resolve charges that the scheme falsely promised financially distressed homeowners they would receive legal representation to prevent foreclosure or lower their mortgage payments and interest rates, and illegally charged thousands of dollars in advance. Under a stipulated order for permanent injunction to which Edward William Rennick III, Surety Law Group LLP and Redstone Law Group LLC agreed, they are banned from selling secured and unsecured debt relief products or services, and prohibited from misrepresenting any financial products and services, and from violating the Do Not Call Registry rules. The order imposes an $8 million judgment that will be suspended upon surrender of frozen assets.

09/02/2016

OCC 4th quarter CRA exam schedule

The OCC has issued its Community Reinvestment Act examination schedule for the fourth quarter of 2016.

09/02/2016

Landlords charged with disability discrimination

HUD has announced that it is charging a group of landlords in the Pittsburgh area with discriminating against prospective residents who have disabilities. HUD claims the owners and property managers of Beechwood Gardens in Pittsburgh and Southpointe Towers in West Mifflin denied housing to testers posing as prospective renters by refusing to grant them reasonable accommodations. HUD’s charge alleges that the owners and managers sent residents a notice stating that there would “no longer be any assigned [parking] spaces, no exceptions, even for people with disabilities.” The Fair Housing Partnership of Pittsburgh conducted a series of tests using testers posing as rental applicants who required designated parking spaces due to mobility disabilities. HUD alleges that respondents denied these testers requests for assigned parking at both Southpointe and Beechwood Gardens.

09/01/2016

FDIC Q4 CRA exam schedule

The FDIC has posted the public list of institutions that it has scheduled for a Community Reinvestment Act (CRA) examination during the fourth quarter of 2016. The list is published pursuant to revised CRA regulations published in May 1995 that require each federal bank and thrift regulator to publish a quarterly CRA examination schedule at least 30 days before the beginning of each quarter.

08/31/2016

FDIC issues Quarterly Banking Profile

The Quarterly Banking Profile for the second quarter 2016 has been released by the FDIC.

08/31/2016

July mortgage rates decrease

The Federal Housing Finance Agency (FHFA) Index for July 2016 has been released. Nationally, interest rates on conventional purchase-money mortgages decreased from June to July, according to several indices of new mortgage contracts. The National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders Index was 3.62 percent for loans closed in late July, down 7 basis points from June. The average interest rate on all mortgage loans was 3.63 percent, also down 7 basis points. The average interest rate on conventional, 30-year, fixed-rate mortgages of $417,000 or less was 3.80 percent, down 8 basis points. The effective interest rate on all mortgage loans was 3.77 percent in July -- a drop of 6 basis points. The average loan amount for all loans was $325,700 in July, $8,200 less than the June average.

08/31/2016

Money Smart News

The Summer 2016 issue of Money Smart News has been posted by the FDIC, featuring articles on enhancements for small business; an easier way to join the Money Smart Alliance; tips on cybersecurity for bank customers; a discussion of mobile business and modernization of the payment system; and lending practices in financial education for postsecondary students. English and Spanish versions are available.

08/30/2016

G.20 receivables outstanding and auto loans report

The June 2016 G.20 Finance Companies Owned and Managed Receivables Outstanding and Auto Loans: Terms of Credit data have been posted by the Federal Reserve System.

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