A proposed rule that would spread a special deposit insurance assessment among 113 banks having large amounts of uninsured deposits is out for comment until July 21, according to a notice in Monday’s Federal Register. […]
The panel that advises the Federal Deposit Insurance Corp. (FDIC) on ways to expand access to banking services for underserved populations is slated to meet Wednesday from 9 a.m. to 4 p.m. Eastern. During the […]
An amendment made to the member business loan rule issued by the state of Wisconsin was deemed acceptable for federally insured credit unions last week by the National Credit Union Administration (NCUA) Board. The board […]
Title: Special Assessments Pursuant to Systemic Risk Determination Subject: Special deposit insurance assessment Agency: FDIC Status: Proposed rule Summary: The FDIC is seeking comment on a proposed rule that would impose special assessments to […]
Host state loan-to-deposit (LTD) ratios were issued jointly Friday by the Federal Reserve, Federal Deposit Insurance Corp. (FDIC), and Office of the Comptroller of the Currency (OCC) in connection with a 1994 statute barring banks […]
The three-member governing board of the federal agency that regulates credit unions is poised to issue a proposed rule on charitable donation accounts during its open meeting May 25. A bit of background: Charitable donation […]
A former employee of Ally Bank, Detroit, Mich., who took out two coronavirus aid-related Paycheck Protection Program (PPP) loans for herself based on fraudulent claims has been permanently barred from participating in the affairs of […]
The chief executive officer and director of FirstCapital Bank of Texas, N.A., Midland, Texas, was assessed a $25,000 civil money penalty in April over findings he had, among other thigns, repeatedly approved NSF checks by […]
There are 17 recommendations for improvements for the federal credit union regulator’s contracting officer’s representative program (COR) in an inspector general’s report dated Tuesday. The report by the National Credit Union Administration’s (NCUA) Office of […]
Federal and state bank regulators are set to host a webinar for banking organizations next Wednesday (May 24) on funding and liquidity risk management, with a Q&A session included. The Federal Deposit Insurance Corp. (FDIC) […]
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