FDIC

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[ December 1, 2022 ] Driven by rising interest rates, bank net income balloons – but unrealized securities losses, net chargeoffs, early delinquencies on rise FDIC
[ December 1, 2022 ] Barr offers some hints about leanings of Fed ‘holistic’ review of bank capital requirements The Fed
[ December 1, 2022 ] National bank regulator reduces 2023 assessment fees for banks; other changes noted OCC
[ December 1, 2022 ] NCUA makes liquidation-management office independent, moves Ohio credit union supervision to southern region NCUA
[ December 1, 2022 ] Bureau wants ‘deposits’ of $19 million refunded; firm was ‘not a bank,’ made other spurious claims, agency finds CFPB

Driven by rising interest rates, bank net income balloons – but unrealized securities losses, net chargeoffs, early delinquencies on rise

December 1, 2022 0

Net income of $71.7 billion was reported by banks in the third quarter, an increase of 11.3% from the previous quarter, or $7.3 billion, the federal insurer of bank deposits reported Thursday. The spike in […]

FDIC notes updates to its consumer compliance exam manual

December 1, 2022 0

The November updates to portions of its Consumer Compliance Examination Manual (CEM) were announced Thursday by the federal bank deposit insurer. The Federal Deposit Insurance Corp. (FDIC) said the CEM provides supervisory information regarding consumer […]

Bank agrees to pay fine for 500 violations of flood insurance requirements

November 28, 2022 0

A Tupelo, Miss., bank has agreed to pay a $325,000 civil money penalty (CMP) after a finding that the bank failed to obtain required flood insurance coverage for loans made for structures in a flood […]

Citigroup cited as lone large, complex bank with ‘shortcoming’ in its 2021 living will

November 23, 2022 0

A “shortcoming” was identified in the resolution plan (or “living will”) for Citigroup, Inc. – related to data the firm manages — based on results of a review of the 2021 wills, according to statements […]

Regulators indicate more stringent review in future of large bank resolution plans

November 23, 2022 0

Two regulators gave clues of how they will consider future resolution plans (or “living wills”) submitted for review by large, complex banking organizations – including taking a more “granular” view and focusing on “resolvability” — […]

Regulators talk crypto, capital, climate change, bank mergers and more at Senate hearing

November 15, 2022 0

Crypto and stablecoins, capital requirements, climate change, bank mergers and more were among the topics that federal financial institution regulators touched on during testimony Tuesday before the Senate Banking Committee. In presenting their testimony for […]

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Driven by rising interest rates, bank net income balloons – but unrealized securities losses, net chargeoffs, early delinquencies on rise

December 1, 2022 0

Net income of $71.7 billion was reported by banks in the third quarter, an increase of 11.3% from the previous quarter, or $7.3 billion, the federal insurer of bank deposits reported Thursday. The spike in net income was spurred largely [...]
Barr offers some hints about leanings of Fed ‘holistic’ review of bank capital requirements

December 1, 2022 0

The Federal Reserve is continuing its “holistic” review of bank capital requirements, but some early indications offered in a speech Thursday by the agency’s top regulator are that no proposals for relaxed capital requirements are likely in the offing. In [...]
National bank regulator reduces 2023 assessment fees for banks; other changes noted

December 1, 2022 0

Reductions for assessment fees on banks – and no change in the assessment rates from 2022 for independent trust and independent credit card fee schedules – were announced Thursday by the Office of the Comptroller of the Currency (OCC). The OCC said [...]
NCUA makes liquidation-management office independent, moves Ohio credit union supervision to southern region

December 1, 2022 0

The office that carries out the agency’s work related to credit union liquidations, conservatorships, recoveries, and various consulting and training activities is being moved out of the Southern Region and will once again be an independent office, the National Credit [...]
Bureau wants ‘deposits’ of $19 million refunded; firm was ‘not a bank,’ made other spurious claims, agency finds

December 1, 2022 0

Refunds of approximately $19 million to about 400 depositors would be forced on an investor and the company he ran under a proposal made public Thursday by the federal consumer financial protection agency. According to the Consumer Financial Protection Bureau [...]
FDIC notes updates to its consumer compliance exam manual

December 1, 2022 0

The November updates to portions of its Consumer Compliance Examination Manual (CEM) were announced Thursday by the federal bank deposit insurer. The Federal Deposit Insurance Corp. (FDIC) said the CEM provides supervisory information regarding consumer compliance examinations, Community Reinvestment Act [...]
Data entry software for reporting year-end CRA data now available from exam council

December 1, 2022 0

The latest update for reporting anti-redlining lending data is now available, the umbrella group for federal financial institution regulators said Thursday. According to the Federal Financial Institutions Examination Council (FFIEC), version 2022 of the data entry software (DES) for the [...]

Driven by rising interest rates, bank net income balloons – but unrealized securities losses, net chargeoffs, early delinquencies on rise

FDIC notes updates to its consumer compliance exam manual

Bank agrees to pay fine for 500 violations of flood insurance requirements

Citigroup cited as lone large, complex bank with ‘shortcoming’ in its 2021 living will

Regulators indicate more stringent review in future of large bank resolution plans

Regulators talk crypto, capital, climate change, bank mergers and more at Senate hearing

Dropping ‘acting’ status: Gruenberg would receive five-year term as FDIC chairman under new nomination

Gruenberg: 1,000 ‘unique’ comments on agencies’ joint CRA proposal

4 banks rated ‘outstanding’, 2 get ‘needs to improve’ in latest CRA ratings by agency

FDIC advisory panel on systemic resolution set to meet next Wednesday

Driven by rising interest rates, bank net income balloons – but unrealized securities losses, net chargeoffs, early delinquencies on rise

Barr offers some hints about leanings of Fed ‘holistic’ review of bank capital requirements

National bank regulator reduces 2023 assessment fees for banks; other changes noted

NCUA makes liquidation-management office independent, moves Ohio credit union supervision to southern region

Bureau wants ‘deposits’ of $19 million refunded; firm was ‘not a bank,’ made other spurious claims, agency finds

FDIC notes updates to its consumer compliance exam manual

Data entry software for reporting year-end CRA data now available from exam council