This analysis is based on data compiled by the three federal banking agency members of the Federal Financial Institutions Examination Council (FFIEC) with Community Reinvestment Act (CRA) responsibilities — the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency. This analysis was conducted using data compiled for institutions reporting under the CRA regulations.

Joint Release

Board of Governors of the Federal Reserve System
Federal Deposit Insurance Corporation
Office of the Comptroller of the Currency

The Federal Financial Institutions Examination Council (FFIEC) today detailed steps regulators are taking to streamline and simplify regulatory reporting requirements for community banks and reduce their reporting burden. The objectives of this community bank burden-reduction initiative are consistent with the early feedback the FFIEC has received as part of the regulatory review being conducted under the Economic Growth and Regulatory Paperwork Reduction Act of 1996.

For immediate release

The Federal Financial Institutions Examination Council (FFIEC) today announced the availability of data on mortgage lending transactions at 7,062 U.S. financial institutions covered by the Home Mortgage Disclosure Act (HMDA). Covered institutions include banks, savings associations, credit unions, and mortgage companies. The HMDA data made available today cover 2014 lending activity, and include applications, originations, purchases and sales of loans, denials, and other actions related to applications. 

The Federal Financial Institutions Examination Council (FFIEC) members today issued a statement alerting financial institutions to the increasing frequency and severity of cyber-attacks involving extortion.

The statement describes steps financial institutions should take to respond to these attacks and highlights resources institutions can use to mitigate the risks posed by such attacks.

The Federal Financial Institutions Examination Council (FFIEC) members today issued a revised Management booklet, which is part of the FFIEC Information Technology Examination Handbook (IT Handbook).

The Management booklet, including the examination procedures, has been substantially revised. The booklet outlines the principles of sound governance and, more specifically, information technology (IT) governance. The booklet explains how IT risk management relates to enterprise-wide risk management and governance.

The Federal Financial Institutions Examination Council (Council) announced today the appointment of Tennessee Commissioner Greg Gonzales to the Council's State Liaison Committee. Gonzales’s SLC nomination was confirmed by the Conference of State Bank Supervisors on Feb. 26, 2016, to complete a partial term vacancy created by the resignation of Lauren Kingry. Gonzales’s term will continue through March 31, 2017.

The Federal Financial Institutions Examination Council (FFIEC) members today issued a revised Retail Payment Systems booklet, which is part of the FFIEC Information Technology Examination Handbook (IT Handbook). The update consists of the addition of a new appendix, Appendix E: Mobile Financial Services. 

The Federal Financial Institutions Examination Council is seeking public comment on its proposal to revise the existing Uniform Interagency Consumer Compliance Rating System to reflect regulatory, supervisory, technological and market changes since the system was established.

The Consumer Compliance Rating System is a supervisory policy for evaluating financial institutions’ adherence to consumer compliance requirements. The FFIEC today released its proposal to revise the Consumer Compliance Rating System to reflect consumer compliance supervisory approaches already being used.

The Federal Financial Institutions Examination Council (FFIEC) today announced the appointment of Edward “Joe” Face to the Council's State Liaison Committee. Face’s SLC nomination was confirmed by the Council for a two-year term starting May 1, 2016, and continuing through April 30, 2018.