The FDIC today updated its Compliance Examination Manual with new guidance and examples for examiners conducting compliance and Community Reinvestment Act examinations. The updates include sample templates of examination reports and evaluations for a hypothetical bank evaluated under the Intermediate Small Bank test; new guidance about the Matters Requiring Board Attention section of the Report of Examination; and an “Assessment of Risk of Consumer Harm,” a series of questions to help examiners determine specific areas of focus for a bank’s examination activities. The revised guide also includes revised exam procedures pertaining to the TILA-RESPA integrated disclosures.
FOMC sees ‘lack of further progress’ in reducing inflation
Citing a “lack of further progress” in recent months in dialing back inflation, the FOMC announced that it will maintain...