Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
Changes resulting from legislation passed in late March providing banks with regulatory relief in response to the coronavirus crisis will be applied to call reports for March 31, the federal banking agencies said in a […]
Title: Regulatory Capital Rule: Paycheck Protection Program Lending Facility and Paycheck Protection Program Loans Subject: Capital Agency: FDIC, Federal Reserve, OCC Status: Interim final rule Summary: To provide liquidity to small business lenders and the […]
An interim final rule allowing financial institutions to neutralize regulatory capital effects with respect to leverage and risk-based ratios for loans pledged to a new “Payroll Protection Program Loan Facility” was announced Thursday by the […]
A letter urging suspension of efforts to revise Community Reinvestment Act (CRA) rules during the coronavirus (COVID-19) pandemic, and urging a new effort that also includes the Federal Reserve once this crisis passes, was sent […]
Seven elements of a crisis readiness framework should be established to deal with a crisis, including – but not necessarily focusing on – the current coronavirus pandemic, according to the recommendations of the inspector general […]
Hoping to match up past statements with newly enacted laws, federal financial institution regulators Tuesday issued a joint statement noting that loan modification programs (including troubled debt restructurings [TDRs]) offered to financial institution customers affected […]
Comment deadlines for two federal banking regulatory proposals – one from the Office of the Comptroller of the Currency (OCC) on licensing requirements, the other from the Federal Deposit Insurance Corp. (FDIC) on requirements for […]
Title: Parent Companies of Industrial Banks and Industrial Loan Companies Subject: Industrial banks, ILCs Agency: FDIC Status: Final rule Summary: The Federal Deposit Insurance Corporation is adopting a final rule that requires certain conditions and […]
Mortgage servicers’ ability to place consumers in short-term forbearance programs like those required by new legislation enacted in response to the coronavirus crisis is outlined in a policy statement issued by federal financial institution and […]
Community banking organizations that have leverage ratios of 8% or more – and which meet certain other conditions – may begin using the community bank leverage ratio (CBLR) framework beginning in the second quarter of […]
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