Anticipating the potentially devastating effects of Hurricane Florence on the southeastern United States, federal and state financial regulatory agencies today issued a joint statement reminding banks of supervisory expectations related to disaster recovery.

The FDIC today issued a request for comment on a proposed rule to implement Section 202 of S. 2155, the new regulatory reform law.

The Financial Stability Oversight Council today voted to de-designate Zions Bank as a systemically important financial institution as the bank merges with its holding company.

The Consumer Financial Protection Bureau issued an interim final rule making changes to two model disclosure forms -- summary of consumer rights and summary of identity theft rights -- to reflect changes made to the Fair Credit Reporting Act by S. 2155, the new regulatory reform law.

The Consumer Financial Protection Bureau today published its final rule on the disclosure of records and information.

In an important joint statement issued today, the financial regulatory agencies clarified the role of supervisory guidance in bank supervision, noting that it “does not have the force and effect of law.”

For an industry caught between state and federal law, a change can’t come soon enough.

With Hurricane Florence expected to make landfall on the southeastern Atlantic coast later this week, the Office of the Comptroller of the Currency and the North Carolina Commissioner of Banks today preemptively authorized banks affected by the severe weather to close.

The Financial Crimes Enforcement Network on Friday announced that it would grant relief from beneficial ownership requirements for certificate of deposit rollovers and loans that renew automatically; loans where the renewal, modification or extension does not require underwriting; and safe deposit box renewals.

Five years after the Consumer Financial Protection Bureau finalized a policy for trial consumer disclosures that saw exactly zero such disclosures authorized, the bureau is retooling its policy to encourage more companies to develop trial disclosures.