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Showing posts from June, 2015

FDIC Financial Institution Letter - June 30, 2015: FIL-27-2015: Interagency Consumer Compliance Examination Procedures for Truth in Lending Act

  Financial Institution Letter Interagency Consumer Compliance Examination Procedures for Truth in Lending Act (Regulation Z) and Real Estate Settlement Procedures Act (Regulation X) Mortgage Rules FIL-27-2015 6/30/2015 Summary: The FDIC has released revised interagency examination procedures for the new Truth in Lending Act (TILA) - Real Estate Settlement Procedures Act (RESPA) Integrated Disclosure Rule (TRID Rule), as well as amendments to other provisions of TILA Regulation Z and RESPA Regulation X. The Consumer Financial Protection Bureau (CFPB) issued a proposal for a TRID Rule effective date of October 3, 2015. The examination procedures should be helpful to financial institutions seeking to better understand the areas on which the FDIC will focus as part of the examination process. Statement of Applicability to Institutions Under $1 Billion in Total Assets: This Financial Institution Letter applies to all FDIC-supervised institutions. Dis

Speech by Vice Chairman Stanley Fischer on monetary policy in the United States and in developing countries: FRB Notification - June 30, 2015.

Speech by Vice Chairman Stanley Fischer on monetary policy in the United States and in developing countries At the Crockett Governors' Roundtable 2015 for African Central Bankers, University of Oxford, Oxford, United Kingdom http://www.federalreserve.gov/ newsevents/speech/ fischer20150630a.htm Released by the Board of Governors of the Federal Reserve System

Bron Suchecki: OCC's gold derivatives chart is wrong, and derivatives went down: GATA | THE GATA DISPATCH - June 30, 2015.

Bron Suchecki: OCC's gold derivatives chart is wrong, and derivatives went down Submitted by cpowell on  Tuesday, June 30, 2015 .    Tuesday, June 30, 2015 Perth Mint market researcher Bron Suchecki writes today that Zero Hedge was wrong in asserting last night that the new quarterly report from the U.S. Office of the Comptroller of the Currency shows a huge increase in issuance of gold derivatives, because, Suchecki maintains, a chart in the OCC report is erroneous. Suchecki does not challenge Zero Hedge's larger assertion, that the report shows a fantastic increase in investment bank JPMorganChase's commodity market derivatives. Suchecki's analysis is headlined "Precious Metal Derivatives Decline 29%" and it's posted at the Perth Mint's Internet site here: http://research.perthmint.com. au/2015/06/30/precious-metal- derivatives-d... CHRIS POWELL, Secretary/Treasurer Gold Anti-Trust Action Commit

FTC Press Release - June 30, 2015: FTC Returns Almost $4 Million to Consumers in Debt Collection Scam

FTC Returns Almost $4 Million to Consumers in Debt Collection Scam The Federal Trade Commission is mailing almost 95,000 checks totaling approximately $4 million to consumers who lost money to a debt collection operation that extorted payments from them using false threats. In May 2014, the FTC settled charges against Asset Capital and Management Group , which, under various names, illegally extracted payments from consumers for credit card debt the defendants had purchased from creditors. The settlement order banned the defendants from the debt collection industry.

European Markets at Close Report on June 30, 2015: Blame Greece: European stocks log worst quarter in 3 years.

marketwatch.com Blame Greece: European stocks log worst quarter in 3 years Carla Mozee AFP/Getty Images Greek locals are restricted to taking 60 euros a day from ATMs. European stocks fell Tuesday, putting an end to their worst quarter in three years, as investors remained rattled by uncertainty over Greece’s standing in the euro and the European Union. The Stoxx Europe 600 SXXP, -1.26%   fell 1.3% to 381.31, and no sectors ended higher. The fall left the pan-European index down 4.6% for June, its steepest monthly decline since June 2013. It slid 4% during the

NYT First Draft on Politics - June 30, 2015: Christie Prepares Insurgent White House Bid

June 30, 2015 nytimes.com/firstdraft » Christie Prepares Insurgent White House Bid Gov. Chris Christie of New Jersey spoke to reporters during a news conference after signing the state’s 2016 budget on Friday in Trenton. Julio Cortez/Associated Press June 30, 2015 By Maggie Haberman Good Tuesday morning from Washington, where President Obama is hosting Brazil’s leader at the White House. Senator Rand Paul of Kentucky heads to Denver to mingle with the marijuana entrepreneurs, and Senator Ted Cruz of Texas is set to release his new book. But the political spotlight will be on New Jersey, where the governor is due to announce his next move. Chris Christie will take the stage at his biggest town-hall-style event yet on Tuesday . With a microphone and a setup reminiscent of the forums that made him famous, the R

DealBook Today's Top Headlines - June 30, 2015: A Hard-Line Stance on Greece | Few Cures for Heavy Debt Loads | Muted Response to Puerto Rico's Debt Crisis | K.K.R. Settles Over 'Broken Deal' Expenses

    uesday, June 30, 2015 TODAY'S TOP HEADLINES   By DEALBOOK A HARD-LINE STANCE ON GREECE Greece has until 6 p.m. E.D.T. on Tuesday to make a 1.6 billion euro, or $1.8 billion, payment to the International Monetary Fund, but in an interview on state television on Monday night, the Greek prime minister, Alexis Tsipras, strongly suggested that Greece would not make that payment, Andrew Higgins and Alison Smale write in The New York Times . Late Monday , Jean-Claude Juncker, the head of the European Union's executive branch, offered Mr. Tsipras a last-minute proposal that presented the possibility of a concession on demands for cuts in bonus payments for the poorest pensioners, European officials said. In return, Mr. Tsipras would have to accept all of the other creditors' demands, which he had already turned down, and request an emergency meeting of eurozone finance ministers on Tuesday . So far, Mr. Tsipras has no

U.S. Stock Market Future Indications - June 30, 2015: U.S. stocks eye higher open after Greek-led selloff.

marketwatch.com U.S. stocks eye higher open after Greek-led selloff Carla Mozee U.S. stock futures tilted higher Tuesday, as calm seemed to be returning to markets after a Greek-led selloff drove Wall Street to its worst session of the year the day before. Investors are also set to wrap up the second quarter and the month, with a reading on consumer confidence and an update from the housing sector ahead. Futures for the Dow Jones Industrial Average YMU5, +0.34%  rose 112 points, or 0.6%, to 17,632.00, while those for the S&P 500 index

DealBook P.M. and A.M. Editions on May 29, 2015:

Monday, June 29, 2015 TOP STORY Greece's Debt Crisis Sends Stocks Falling Around the Globe Stocks slumped on Wall Street and fell sharply in Europe and Asia as Greece's difficulties spread worries about possible broader harm to financial systems. NYT » | Chinese Stocks Fall Into a Bear Market Monetary Controls in Greece Squeeze Consumers and Businesses The restrictions will severely impair the functioning of the Greek economy, which is already in shambles after five years of crisis. NYT »

European Markets at Close Report on June 29, 2015: European markets fall sharply as Greek crisis worsens

marketwatch.com European markets fall sharply as Greek crisis worsens Carla Mozee Stocks across Europe tumbled Monday, with investors rattled as Greece closed its banks and stock market, with the country looking set to default on its debt as talks with creditors unraveled. German and French shares each suffered their worst loss since Nov. 1, 2011, according to FactSet, leaving the DAX 30 DAX, +0.05%  down 3.6% at 11,083.20, and France’s CAC 40