FDIC

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[ May 13, 2022 ] Use of AI under consideration by national bank regulator – recognizing risks that banks face using the technology OCC
[ May 12, 2022 ] Two more confirmed to Fed Board – chair and member – both on bipartisan, overwhelming votes The Fed
[ May 12, 2022 ] Worker tries to bump bank salary by faking offer from competing institution The Fed
[ May 12, 2022 ] Comptroller voices concern over ‘hype, risk’ consumers facing with crypto investments; counsels education, awareness OCC
[ May 12, 2022 ] Agencies finally release revised flood insurance Q&As, including 144 new, updated ones FDIC

Agencies finally release revised flood insurance Q&As, including 144 new, updated ones

May 12, 2022 0

Federal flood insurance law and federal regulators’ implementing rules are the topic of revised questions and answers (Q&As) released late Wednesday by federal financial institution regulators and the Farm Credit Administration (FCA). According to the […]

Final rule on false advertising, misrepresentation, misuse of deposit insurer’s logo up for consideration

May 11, 2022 0

A final rule on false advertising, misrepresentation of insured status, and misuse of the logo of the federal insurer of bank deposits is up for consideration at a meeting of the agency’s board May 17 […]

Agency deploys reg relief for banks affected by NM wildfires

May 9, 2022 0

Banking institutions operating in areas of New Mexico affected by wildfires ad straight-line winds can avail themselves of some specific regulatory relief measures announced Monday by the Federal Deposit Insurance Corp. (FDIC) in a Financial Institution […]

Proposed CRA update detailed during ‘Ask the Regulators’ webinar May 11

May 6, 2022 0

Regulators will discuss their jointly proposed Community Reinvestment Act (CRA) rules update plus answer questions during a public webinar May 11, according to a message Friday from the federal insurer of bank deposits. The May […]

Banking regulators’ new CRA proposal out for comment until Aug. 5

May 5, 2022 0

A new proposed rule to update banks’ requirements under the anti-redlining Community Reinvestment Act (CRA) was issued jointly Thursday by the three federal banking regulatory agencies. Issuance of the proposed rule, out for a 90-day […]

Community Reinvestment Act

May 5, 2022 0

Title: Community Reinvestment Act Subject: CRA modernization Agency: FDIC, Federal Reserve, OCC Status: Proposed rule Summary: The Board of Governors of the Federal Reserve System (Board), the Federal Deposit Insurance Corporation (FDIC), and the Office […]

9 banks get ‘outstanding’ CRA ratings in evals by FDIC, OCC; 1 ‘needs to improve’

May 3, 2022 0

Nine out of 69 federally supervised banks evaluated recently for their efforts under the anti-redlining Community Reinvestment Act (CRA) were rated “outstanding,” according to information released Tuesday by regulators, while one was deemed “needs to […]

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Use of AI under consideration by national bank regulator – recognizing risks that banks face using the technology

May 13, 2022 0

Use of artificial intelligence (AI) tools is being considered by the regulator of national banks to enhance its monitoring of risks in the banking system, a top official at the agency told a congressional task force Friday. In a hearing [...]
Two more confirmed to Fed Board – chair and member – both on bipartisan, overwhelming votes

May 12, 2022 0

The Federal Reserve Board now has a permanent chair, and is a step closer to having its full contingent of seven members after action in successive days by the U.S. Senate. Jerome H. (“Jay”) Powell was confirmed by the Senate [...]
Worker tries to bump bank salary by faking offer from competing institution

May 12, 2022 0

A former worker of Deutsche Bank AG New York Branch agreed to a cease and desist order from the Federal Reserve that the banker faked a proposed salary offer from a competing firm seeking to hire him in order to [...]
Comptroller voices concern over ‘hype, risk’ consumers facing with crypto investments; counsels education, awareness

May 12, 2022 0

The hype and the risk consumers face with cryptocurrency investments and other digital assets is of concern to the national banking regulator, he told a group Thursday, describing the ventures as a “get rich quick” scheme. Wherever you look, someone [...]
Agencies finally release revised flood insurance Q&As, including 144 new, updated ones

May 12, 2022 0

Federal flood insurance law and federal regulators’ implementing rules are the topic of revised questions and answers (Q&As) released late Wednesday by federal financial institution regulators and the Farm Credit Administration (FCA). According to the agencies (which included the three [...]

Agencies finally release revised flood insurance Q&As, including 144 new, updated ones

Final rule on false advertising, misrepresentation, misuse of deposit insurer’s logo up for consideration

Agency deploys reg relief for banks affected by NM wildfires

Proposed CRA update detailed during ‘Ask the Regulators’ webinar May 11

Banking regulators’ new CRA proposal out for comment until Aug. 5

Community Reinvestment Act

9 banks get ‘outstanding’ CRA ratings in evals by FDIC, OCC; 1 ‘needs to improve’

FDIC revives small business lending survey with invitations sent to about 2,000 banks around the country

CRA reform, take 2: FDIC Board to discuss new proposed rule Thursday

Deceptive advertising of mortgage lending fees cost KY bank $425,000 penalty

Use of AI under consideration by national bank regulator – recognizing risks that banks face using the technology

Two more confirmed to Fed Board – chair and member – both on bipartisan, overwhelming votes

Worker tries to bump bank salary by faking offer from competing institution

Comptroller voices concern over ‘hype, risk’ consumers facing with crypto investments; counsels education, awareness

Agencies finally release revised flood insurance Q&As, including 144 new, updated ones