List/Grid Tag Archives: insurance
Agencies issue guidance on junior lien loan loss allowances
Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation National Credit Union Administration Office of the Comptroller of the Currency For immediate release January 31, 2012 Four federal financial regulatory agencies on Tuesday issued supervisory guidance on allowance for loan and lease losses (ALLL) estimation practices associated with loans and lines of credit secured by junior liens on one- to four-family residential properties. The agencies issued the guidance to reiterate policy and to remind regulated financial institutions to monitor all credit quality indicators relevant to credit portfolios, including junior liens.
New Haven Man Charged with Orchestrating Arsons to Further Development Plans
David B. Fein, United States Attorney for the District of Connecticut, today announced that ANGELO REYES, also known as “Tati,” 45, of Lexington Avenue, New Haven, has been charged with federal offenses stemming from his alleged participation in the arson of two additional New Haven properties.
Agencies release annual CRA asset-size threshold adjustments for small and intermediate small institutions
Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation Office of the Comptroller of the Currency For immediate release December 19, 2011 The federal bank regulatory agencies today announced the annual adjustment to the asset-size thresholds used to define small bank, small savings association, intermediate small bank, and intermediate small savings association under the Community Reinvestment Act (CRA) regulations. The annual adjustments are required by the CRA rules. Financial institutions are evaluated under different CRA examinations procedures based upon their asset-size classification.
Agencies extend comment period on Volcker Rule proposal
Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation Office of the Comptroller of the Currency Securities and Exchange Commission For immediate release December 23, 2011 Four federal agencies on Friday extended until February 13, 2012, the comment period on a proposal to implement the so-called Volcker Rule of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The Dodd-Frank Act requires regulators to implement certain prohibitions and restrictions on the ability of a banking entity and nonbank financial company to engage in proprietary trading and have certain interests in, or relationships with, a hedge fund or private equity fund. The comment period was extended as part of a coordinated interagency effort to allow interested persons more time to analyze the issues and prepare their comments. Originally, comments were due by January 13, 2012. The proposal was issued by the Federal Reserve Board, the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, and the Securities and Exchange Commission. Media Contacts: Federal Reserve Barbara Hagenbaugh 202-452-2955 FDIC David Barr 202-898-6992 OCC Robert Garsson 202-874-5770 SEC John Nester 202-551-4120 Attachment (13 KB PDF) Last update: December 23, 2011
State Wraps up 30th Annual Governor’s Conference on Aging – Dept on Aging Hosted Conference & Awarded Advocates Who Serve Older Adults
CHICAGO – The Illinois Department on Aging (IDoA) today hosted the final activities for the Governor’s Conference on Aging . The three day event was December 7, 8, and 9, in downtown Chicago. This year marked the 30th annual conference which is considered the largest statewide meeting and comprehensive training for people who work in the network of serving older adults. “This year we celebrate three decades of presenting the Governor’s Conference on Aging ,” said IDoA Director John K. Holton, Ph.D. “I am pleased to welcome everyone and know we will all benefit for attending. We have always strived to make this a premiere event by bringing together all of us in this network who are committed to serving older adults.” There were more than two million older adults in Illinois for the year 2010, according to the Department of Commerce and Economic Opportunity. That number is expected to grow almost ten percent by 2030. To address the growing number of older adults facing issues such as retirement, enrolling in Medicare, economic changes, and long term care choices, the conference offered intensive workshops to promote the latest research, trends and developments in supportive technology. Presenters included noteworthy professionals and representatives from state agencies including the Department of Insurance, co-sponsor the conference, Emergency Management Agency, Healthcare and Family Services, Housing Development Authority, and Public Health.
IDVA to host ‘Helping Our Hometown Heroes’ veterans benefits fair December 8th in Pontiac
SPRINGFIELD – The Illinois Department of Veterans’ Affairs (IDVA) is hosting a free Helping Our Hometown Heroes benefits fair for veterans this Thursday, December 8th at the Pontiac Town Hall, 115 West Howard St. in Pontiac, Ill.
State Reminding Residents of Medicare Open-Enrollment Period Ending Dec 7 – Senior Health Insurance (SHIP) Counselors Available to Assist Seniors, People with Disabilities with Prescription Drug and Medicare Advantage Options, Enrollment…
SPRINGFIELD– The Illinois Department of Insurance is reminding seniors, people with disabilities and caregivers that the open-enrollment period to review and change Medicare insurance benefits will end on Wednesday, December 7th. The Department’s Senior Health Insurance Program (SHIP) volunteers are available to provide free information about health insurance benefits available through Medicare and guide eligible residents toward obtaining coverage that best meets the individual’s needs. “As the Medicare open-enrollment period winds down, Medicare enrollees who have not yet reviewed and compared available prescription drug and Medicare Advantage plans should call the Department’s toll-free SHIP hotline or the 24-hour Medicare hotline to help make sure they continue to have the most appropriate coverage,” said Andrew R.
Arrested in Florida, Couple to Appear in Houston on Charges of Bankruptcy Fraud
HOUSTON—Husband and wife Michael Giventer and Julia Shvabskaya have been arrested for devising and executing a scheme to commit bankruptcy fraud and defrauding several creditors in Texas and elsewhere, U.S. Attorney Kenneth Magidson announced today.
