by Doran Jones | Nov 28, 2023 | Doran Jones
On November 22, Federal bank regulatory agencies announced that they have extended the comment period for their proposed rule to require large banks to maintain long-term debt from November 30, to January 16, 2024. The extension is to allow interested parties more...
by Doran Jones | Nov 20, 2023 | Doran Jones
On November 13, The Fed, OCC, and CFPB announced dollar thresholds for smaller loan exemption from appraisal requirements for higher-priced mortgage loans and dollar thresholds for the applicability of truth in lending and consumer leasing rules for consumer credit...
by Doran Jones | Nov 13, 2023 | Doran Jones
On November 3, The FDIC announced that Citizens Bank of Sac City, Iowa was closed making it the fifth bank to fail in 2023. As of September 30, 2023, Citizens Bank had approximately $66 million in total assets and $59 million in total deposits. Iowa Trust and Savings...
by Doran Jones | Oct 4, 2023 | Doran Jones
On September 29, the Fed released a report from the Office of Inspector General with the results of a review of the Fed’s supervision of Silicon Valley Bank in the wake of that bank’s failure earlier this year. The report states, “With the benefit of hindsight … we...
