Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
The federal insurer of bank deposits on Thursday issued a demand that Monetary Gold, a precious metals trader based in Woodland Hills, Calif., cease and correct its misleading advertising that falsely claims consumers’ federally insured […]
An interagency set of questions and answers (Q&As) addressing banking regulators’ recent encouragement for banks to use their capital and liquidity buffers to keep lending during the coronavirus pandemic was released Thursday via a Financial […]
Certain accounting standards – including those related to current expected credit losses (CECL) – should be either relaxed or postponed due to the financial impact of the coronavirus impact, the board chairman of the federal […]
The federal banking agencies will provide favorable consideration under Community Reinvestment Act (CRA) rules of certain banking services and community development activities by banks related to the coronavirus crisis, the agencies said Thursday. In a […]
Two sets of frequently asked questions (FAQs) – one for financial institutions, one for consumers – about the financial impact of the coronavirus crisis were released Thursday by the federal insurer of bank deposits, including […]
Following up on the creation of a facility to shore up money market mutual funds, the federal banking agencies Thursday released an interim final rule that gives financial institutions the latitude to actually use the […]
Two applications for deposit insurance from de novo industrial banks – primarily serving customers through Internet services – were approved by the board of the federal bank deposit insurer Wednesday, with one application approved on […]
Amid concerns about the coronavirus pandemic, the federal bank deposit insurer on Wednesday issued a statement reminding Americans of the safety of their federally insured deposits and warning them against recent scams involving individuals pretending […]
Title: Guidance for Resolution Plan Submissions of Certain Foreign-Based Covered Companies Subject: Resolution plans Agency: FDIC, Federal Reserve Status: Proposed guidance Summary: The Board and the FDIC (together, the “agencies”) are inviting comments on proposed […]
Certain conditions and commitments for approval or non-objection to filings involving industrial banks or loan companies (ILCs) related to deposit insurance, change in control, or mergers would be imposed under a proposal issued Tuesday by […]
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