Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
Proposed changes to guidelines for appeals of material supervisory determinations (MSDs), and alterations to mandated audits for banks with $500 million or more in assets, are among the actions on the discussion agenda for the […]
The two most common violations of consumer compliance supervision in 2024 were those related to truth-in-lending and mandatory flood insurance – pretty much the same results reported in 2023 — according to an annual report […]
Seventy-one banks whose performance ratings under the anti-redlining Community Reinvestment Act (CRA) were announced Thursday were all rated either “outstanding” or “satisfactory,” according to the Federal Deposit Insurance Corp. (FDIC). The information, which the FDIC […]
An exemption order allowing banks and credit unions to satisfy a federal customer identification program (CIP) rule by getting taxpayer identification number (TIN) information from third parties – not just directly from the customer or […]
Easing some capital standards for large banks so the requirements don’t discourage those institutions from engaging in “low-risk” activities was proposed by the three federal banking agencies Friday. In a joint release, the agencies said […]
Restitution of more than $860,000 is being sought by the federal bank deposit insurance agency against a former director at a Texas bank who engaged in a complicated scheme involving multiple accounts held by the […]
A 10 a.m. open meeting where regulators would discuss a draft proposed rule to revise regulatory capital requirements for global systemically important banking organizations (GSIBs) didn’t happen Thursday, according to a notice issued by email […]
The list of “distressed or underserved nonmetropolitan middle-income geographies” where some bank activities are eligible for credits under anti-redlining regulations was released late Wednesday by the federal banking agencies. The Office of the Comptroller of […]
Draft proposed regulatory capital modifications for global systemically important banking organizations (GSIBs), slated for discussion Thursday of the Federal Deposit Insurance Corp. (FDIC) Board, were released Wednesday with a statement of support by the acting […]
A succession management and worker retention program, started in 2024, has been suspended at the federal insurer of bank deposits considering massive “reduction in force” (RIF) efforts ordered by the Trump Administration earlier this year, […]
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