Federal Deposit Insurance Corporation (FDIC)’s Post

The Consumer Compliance Task Force of the Federal Financial Institutions Examination Council (FFIEC) is issuing Interagency Questions and Answers Regarding Community Reinvestment (Interagency Questions and Answers). To help financial institutions meet their responsibilities under the Community Reinvestment Act (CRA) and to increase public understanding of their CRA regulations, the staffs of the Office of the Comptroller of the Currency (OCC), the Federal Reserve Board (Board), the Federal Deposit Insurance Corporation (FDIC), and the Office of Thrift Supervision (OTS) (collectively, the ``agencies'') have prepared answers to the most frequently asked questions about community reinvestment. The Interagency Questions and Answers contain informal staff guidance for agency personnel, financial institutions, and the public. Agency Name FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL Page Number Range 54647-54667 Federal Register Citation 61 FR 54647  FR Doc Number 96-26743

A POSITIVE STEP FORWARD: ADDRESSING FINANCIAL ABUSE The Parliamentary Joint Committee on Corporations and Financial Services released its long-awaited report last week, from the inquiry into the Financial Services Regulatory Framework in Relation to Financial Abuse. The report's recommendations for addressing financial abuse within Australia’s financial services industry mark a significant and commendable step toward tackling this ‘hidden epidemic’. The recommendations are informed by lived experiences and propose a collaborative, cross-sector approach. Consulting & Implementation Services (CIS) is proud to be working with organisations such as Redfern Legal Centre and EACH, who are raising awareness, providing services, and striving for systemic change to combat the prevalence and insidious impact of financial abuse. The leadership and tireless advocacy of these organisations has laid a strong foundation for meaningful progress. Reflecting on our work with key stakeholders including frontline service providers and people with lived experience of financial abuse, we particularly welcome specific recommendations for the co-design and provision of education and training resources to increase the identification of financial abuse. This is a positive step; and together, we can transform these recommendations into impactful change.  _____________ Julie Dal Pra Ann Kayis-Kumar Rebecca Glenn Laura Bianchi Jasmine Opdam Centre for Women's Economic Safety Jan Breckenridge Richard Lough Georgia Flynn Bernadette Spinks Pratik Ambani Bridgette Semple https://lnkd.in/ggHcpZ6B

To everyone who is doing transfer-on-death deeds in Minnesota: Please note that on August 1 we have new language that for best practice should be included in all new deeds. The new language is in Minn. Stat. 507.072 and is a direct result of the Strope-Robinson v. State Farm case. Tell all the people you work with moving forward that the grantor owners need to 1) inform their insurance company that there is a transfer-on-death deed and 2) need to provide the names and contact information for those who will inherit under the transfer-on-death deed.

💼 It's midweek motivation time! Today, we're discussing income protection and how it can provide peace of mind for your family during challenging times. Stay tuned for expert insights and tips on securing your family's financial stability, even in the face of unexpected setbacks and visit https://zurl.co/4sSW for more information #IncomeProtection #FinancialStability #AspireAdvisers #AspireFA

💼 It's midweek motivation time! Today, we're discussing income protection and how it can provide peace of mind for your family during challenging times. Stay tuned for expert insights and tips on securing your family's financial stability, even in the face of unexpected setbacks and visit https://zurl.co/4sSW for more information #IncomeProtection #FinancialStability #AspireAdvisers #AspireFA

How IUL Policies Can Benefit Children and Provide Long-Term Financial Security

Learn how the death claims process is evolving in the financial services industry. Stay informed with Guidehouse's latest insights.| Guidehouse Financial Services

Learn how the death claims process is evolving in the financial services industry. Stay informed with Guidehouse's latest insights.| Guidehouse Financial Services

Learn how the death claims process is evolving in the financial services industry. Stay informed with Guidehouse's latest insights.| Guidehouse Financial Services

Learn how the death claims process is evolving in the financial services industry. Stay informed with Guidehouse's latest insights.| Guidehouse Financial Services