FDIC to release third-quarter banking financials next Tuesday

November 21, 2019 FDIC 0

Banking industry financial results for the quarter ending Sept. 30, 2019, are slated for release at 10:30 a.m. next Tuesday by the Federal Deposit Insurance Corp. (FDIC), according to information on the agency’s website. This release is usually carried out in conjunction with a press conference featuring FDIC Board Chairman Jelena McWilliams (none has been listed yet for Tuesday). The FDIC says it publishes quarterly banking financial results – the Quarterly Banking Profile (QBP), covering commercial banks and savings institutions with FDIC deposit insurance – approximately 55 days after the end of each quarter. The last release, for the second quarter (ending June 30), was on Sept. 5.

FDIC Quarterly Banking Profile

WA bank fined $500k over FTC Act, RESPA violations

April 26, 2024 0

A bank that the federal bank deposit insurer said violated Federal Trade Commission (FTC) Act and Real Estate Settlement Procedures Act (RESPA) rules was assessed a $500,000 civil money penalty (CMP) in March, the Federal Deposit Insurance Corp. (FDIC) said [...]
Five new members of community banking advisory panel named; will join May 2 meeting

April 26, 2024 0

Five new members of the community banking advisory committee to the federal bank deposit insurance agency were named Friday by the organization, which also said the group will attend its first meeting May 2. The Federal Deposit Insurance Corp. (FDIC) [...]
Competing proposals to change rules on Bank Control Act withdrawn after neither can win majority of FDIC Board votes

April 25, 2024 0

Neither of two competing proposals for changes to the federal bank deposit insurer’s rules implementing the Bank Control Act (BCA) were adopted Thursday by the agency’s board after sponsors of the two proposals withdrew them, largely after it became apparent [...]
FDIC: Deposit Insurance Fund on track to reach statutory minimum before deadline

April 25, 2024 0

The federal bank deposit insurer’s Deposit Insurance Fund (DIF) reserve ratio grew from 1.11% June 2023 to 1.15% in December and remains on track to return to its statutory minimum of 1.35% before its statutory deadline of Sept. 30, 2028, [...]
CFPB’s consumer panel to meet May 15

April 25, 2024 0

A public meeting of the Consumer Advisory Board (CAB) of the federal consumer financial protection agency is slated for May 15 from 10:30 a.m. to 1 p.m. Eastern. CAB is charged with advising and consulting with the Consumer Financial Protection [...]

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