Community Reinvestment Act Regulations: Revision of Small and Intermediate Small Bank and Savings Association Asset Thresholds

OCC Bulletin 2019-66| December 31, 2019 Share This Page: To Chief Executive Officers of All National Banks and Federal Savings Associations, Department and Division Heads, All Examining Personnel, and Other Interested Parties Summary On December 30, 2019, the Office of the Comptroller of the Currency (OCC) published in the Federal Register revisions to its Community Reinvestment […]

Agencies Release Annual CRA Asset-Size Threshold Adjustments for Small and Intermediate Small Institutions

News Release 2019-153 | December 31, 2019 Share This Page: Joint Release Federal Deposit Insurance CorporationFederal Reserve Board of Governors Office of the Comptroller of the Currency WASHINGTON—The federal bank regulatory agencies today announced the annual adjustment to the asset-size thresholds used to define small bank, small savings association, intermediate small bank, and intermediate small savings […]

Rescission of FDIC Statements of Policy

FIL-86-2019 December 31, 2019 Rescission of FDIC Statements of Policy Printable Format: FIL-86-2019 – PDF (PDF Help) Summary: As part of a continuing effort to reduce regulatory burden, the FDIC is rescinding four FDIC Statements of Policy that are outdated. Statement of Applicability to Institutions with Total Assets under $1 Billion: This Financial Institution Letter […]

Extension of Comment Period for Request for Information on the Use of the Uniform Financial Institutions Rating System

FIL-87-2019 December 31, 2019 Extension of Comment Period for Request for Information on the Use of the Uniform Financial Institutions Rating System Printable Format: FIL-87-2019 – PDF (PDF Help) Summary: The Federal Deposit Insurance Corporation and the Federal Reserve Board are extending until February 28, 2020, the comment period for a request for information and […]

Reopening Comment Period for Proposed Rule to Amend Swap Margin Requirements

FIL-88-2019 December 31, 2019 Reopening Comment Period for Proposed Rule to Amend Swap Margin Requirements Printable Format: FIL-88-2019 – PDF (PDF Help) Summary: The FDIC, Office of the Comptroller of the Currency, Board of Governors of the Federal Reserve, Farm Credit Administration, and Federal Housing Finance Agency (collectively, the agencies) are reopening the comment period […]

IRS issues standard mileage rates for 2020

IR-2019-215, December 31, 2019 WASHINGTON — The Internal Revenue Service today issued the 2020 optional standard mileage rates (PDF) used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on January 1, 2020, the standard mileage rates for the use of a car (also vans, pickups or […]

New Free File agreement signed to strengthen program, help taxpayers

IR-2019-214, December 30, 2019 WASHINGTON — The Internal Revenue Service announced today an agreement (PDF) with Free File, Inc. (FFI) designed to bring more clarity for taxpayers choosing to use free online software during the 2020 filing season. The agreement reached will help make the Free File program more taxpayer-friendly while strengthening consumer protections in several […]

Operators of Multi-Million Dollar Work-from-Home Scheme Settle FTC Allegations

The operators of a work-from-home scheme and the CEO of their main affiliate marketing network will pay nearly $1.5 million to settle Federal Trade Commission allegations that they used misleading spam emails to lure consumers into buying work-from-home services. In its complaint, the FTC alleges that Nevada-based Effen Ads, LLC and its owners, Jason Brailow […]

FTC Releases Reports on Cigarette and Smokeless Tobacco Sales and Marketing Expenditures for 2018

The number of cigarettes that the largest cigarette companies in the United States sold to wholesalers and retailers nationwide declined from 229.1 billion in 2017 to 216.9 billion in 2018, according to the most recent Federal Trade Commission Cigarette Report. The amount spent on cigarette advertising and promotion decreased from $8.64 billion in 2017 to […]

Court Rules in Favor of FTC in Case Against Mortgage Relief Scammers

The U.S. District Court for the District of Nevada has ruled in favor of the Federal Trade Commission in a case against the operators of a scheme that deceived financially distressed homeowners by falsely promising to make their mortgages more affordable.  The defendants also charged consumers illegal advance fees and unlawfully told consumers not to pay […]