Newsbytes

Regulators Issue Joint Statement on California Wildfires

As wildfires continue to affect communities in Southern California, federal and state regulatory agencies yesterday issued a joint statement reminding banks of supervisory expectations related to disaster recovery. Regulators encouraged banks to work constructively to meet the financial needs of their communities.

Read More »

Fed Finalizes Proposal Harmonizing Reg J, Reg CC

The Federal Reserve today finalized a proposal to harmonize Regulation J -- which governs the collection of checks or other items by Federal Reserve banks and funds transfers through Fedwire -- with Regulation CC, which implements the Expedited Funds Availability Act.

Read More »

FinCEN Reissues Geographic Targeting Orders, Expands Coverage

The Financial Crimes Enforcement Network today reissued its revised geographic targeting orders temporarily requiring certain U.S. title insurance companies in specificied areas to identify the individuals behind companies used to conduct high-end, all-cash real estate transactions.

Read More »

Retail Sales Rose 0.8 Percent in October

There were $511.5 billion in retail and food service sales in October, up 0.8 percent from the previous month and 4.6 percent from October 2017, according to the U.S. Census Bureau. September’s figure was revised down to -0.1 percent. Core retail sales – excluding automobiles and parts – rose 0.7 percent. Year-over-year core sales increased 5.9 percent. Retail trade sales ...

Read More »