On December 6, 2021, the FDIC issued a Financial Institution Letter (FIL) (FIL-77-2021) announcing that the FDIC's Office of Supervisory Appeals is now fully operational.
The FDIC’s new Guidelines for Appeals of Material Supervisory Determinations took effect on December 6, 2021, with the opening of its new Office of Supervisory Appeals, which replaces.
In This Issue. The Financial Crimes Enforcement Network (FinCEN) announced (1) a notice of proposed rulemaking for beneficial ownership information reporting requirements and (2) a.
Financial Institutions Group attorneys Jeffrey Alberts, Pinchus D. Raice and Dustin N. Nofziger have published an article titled, "FDIC Significantly Revises Intra-Agency Appeals Guidelines".
Headlines
FDIC and OCC Adopt Final Rules on the Role of Supervisory Guidance
Data Breach Notice Requirements Proposed for Banks and Their Service Providers
OCC Proposes New National Bank and Federal Thrift Rule for Investments in Premises
Other Developments: Suspicious Activity Reporting, and Escrow Accounts
1. Updated Annual Meeting Guidance for Mutual Banks and Mutual Holding Companies
The Massachusetts Division of Banks has issued new guidance to mutual banks and mutual holding companies that have not yet held their 2020 annual meetings due to the ongoing COVID-19 public health emergency and to clarify the Division’s expectations for 2021 annual meetings. The guidance released on January 21,