The 4Q13 issue of First Glance 12L shows that many economic and banking metrics within the 12th District are getting close to “normal” levels (i.e., long-term non-recession average), but earnings and other challenges remain.
This bulletin highlights how the Servicemembers Civil Relief Act of 2003 (SCRA) protects servicemembers regarding issues such as rental agreements, loans, mortgage rates, and more. It includes Federal Reserve examiner expectations when reviewing a bank’s SCRA compliance program. See also an Outlook Live Webinar on Servicemember Financial Protection.
The Federal Reserve is hosting a webcast, Community Bank Risk-Focused Consumer Compliance Supervision Program, on Thursday, March 6, 2014. The event will provide an overview of the revised program, including the risk-focused examination approach, the new examination frequency policy, and what community bankers may expect.
Read about opportunities and challenges facing community banks, the importance of risk management in home equity lending, risks related to end of support for Microsoft Windows XP, what to consider before reaching for yield, why payments-related fraud remains a concern, and common regulatory reporting errors by small holding companies.
The 3Q13 “Banks at a Glance” reports are now available, highlighting key indicators of banking conditions within each of the nine states comprising the 12th Federal Reserve District.