Press Releases

201520142013201220112010 |  2009 |  20082007200620052004200320022001   2000-19901989-1979FFIEC Statements Published in the Federal Register (1979-2001)Return to Current Year  


December 17, 2009
The Federal Financial Institutions Examination Council (FFIEC), on behalf of its members, released proposed guidance today on reverse mortgage products. The guidance is designed to help financial institutions ensure that their risk management and consumer protection practices adequately address the compliance and reputation risks raised by reverse mortgage lending.

October 30, 2009
The Federal Financial Institutions Examination Council (FFIEC) released a policy statement today supporting prudent commercial real estate (CRE) loan workouts. This policy statement, adopted by each of the financial regulators, provides guidance for examiners, and for financial institutions that are working with CRE borrowers who are experiencing diminished operating cash flows, depreciated collateral values, or prolonged delays in selling or renting commercial properties.

September 30, 2009
The Federal Financial Institutions Examination Council (FFIEC) today announced the availability of data on mortgage lending transactions at 8,388 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 2008 lending activity--applications for loans, loan originations, loan denials, and purchases of loans. The data include 14.2 million applications and originations and 2.9 million purchases, for a total of 17.1 million actions.

August 14, 2009
The four federal banking agency members of the Federal Financial Institutions Examination Council (FFIEC) -the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, and the Office of Thrift Supervision-announced today the availability of data on small business, small farm, and community development lending reported by certain commercial banks and savings institutions, pursuant to the Community Reinvestment Act (CRA).

August 6, 2009
The Federal Financial Institutions Examination Council (FFIEC) members today issued the following statement on Support for Responsible Loss Mitigation Activities. The statement reiterates the FFIEC members' continued support for responsible loss mitigation activities designed to preserve homeownership. This support extends to programs designed to achieve sustainable mortgage obligations regardless of lien position.

July 1, 2009
The Federal Financial Institutions Examination Council (FFIEC) today issued the Statement on Regulatory Conversions to reaffirm that the supervisors are unified in their approach to regulatory conversions.

May 29, 2009
The State Liaison Committee of the Federal Financial Institutions Examination Council announced today the re-election of John Munn as its Chairman. Munn is the Director of the Nebraska Department of Banking and Finance, where he has served since January 2005.

May 12, 2009
The Federal Financial Institutions Examination Council announced today the appointment of two new members of the State Liaison Committee (SLC): Sarah Bloom Raskin, Commissioner, Maryland Office of Financial Regulation; and Charles A. Vice, Commissioner, Kentucky Department of Financial Institutions.

April 1, 2009
The Federal Financial Institutions Examination Council announced today the appointment of Harold E. Feeney, Texas Credit Union Commissioner, to the State Liaison Committee and the reappointment of Texas Department of Savings and Mortgage Lending Commissioner Douglas Foster and Nebraska Department of Banking and Finance Director John Munn.

January 14, 2009
The Federal Financial Institutions Examination Council (FFIEC) issued guidance today for examiners, financial institutions, and technology service providers to identify risks, evaluate controls, and assess risk management practices related to remote deposit capture (RDC) systems.