September 12, 2005 News Archive

New Pages---Consumer Fraud Resources, News and Alerts
A new Consumer Fraud Alerts section is now available. This new section helps connect consumers to regulatory agencies through valuable information sharing. Check it out today.

Agencies Release List of Distressed and Underserved Nonmetropolitan Middle-Income Geographies
The recently revised Community Reinvestment Act (CRA) rules regarding the definition of "community development" now include certain distressed and underserved nonmetropolitan middle-income census tracts. The federal banking agencies announced the availability of the first list of these census tracts.

Agencies Encourage Insured Depository Institutions to Assist Displaced Customers
In a press release, the federal and state banking agencies are asking insured depository institutions to consider all reasonable and prudent steps to assist customers' and credit union members' cash and financial needs in areas affected by Hurricane Katrina.

FinCEN Reports on Investigation Results
Pursuant to the USA PATRIOT Act, FinCEN submits inquiries to financial institutions for assistance in identifying accounts and transactions of persons that may be involved in terrorism or money laundering. These inquiries have yielded productive leads for both terrorist financing and money laundering investigations. Over a two and one-half year period, these inquiries have resulted in a number of arrests, indictments and convictions. FinCEN's recent news release provides additional detail. (PDF, 53KB)