Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
The leader of a five-year information technology modernization plan has been named the new chief information officer (CIO) for the federal insurer of bank deposits, the agency said Thursday. Sylvia Burns, who joined the Federal […]
Federally supervised banking organizations are due to have their fourth-quarter call reports in to their federal regulatory agencies no later than Jan. 30 – except those with more than one foreign office (not counting “shell” […]
Two federal financial regulators were ranked in the upper echelons of “best places to work” in the latest rankings released Thursday – while a third continued to languish in the lowest level. The Federal Deposit […]
The comment period on proposed anti-redlining reform by the federal regulator of national banks and the federal insurer of banks deposits started Thursday and runs to March 9, according to a notice published in the […]
Title: Community Reinvestment Act Regulations Subject: CRA Agency: OCC (The FDIC, which issued the proposed rule jointly with OCC, declined to finalize the rule with OCC “at this time.”) Status: Final rule Summary: The Office […]
A “needs to improve” rating was given to one bank out of 40 whose anti-redlining exam results were released by the federal insurer of banks Friday; the remaining 39 banks received “satisfactory” ratings. The Federal […]
Federal banking, housing finance, and securities regulators have begun a review of credit risk retention rules affecting federally insured banks and thrifts that securitize residential mortgage loans. The agencies said they would accept public comments […]
A civil money penalty (CMP) of $1.35 million assessed against a Seattle bank was among the enforcement actions and orders taken in November by the federal insurer of bank deposits, the agency said Dec. 27. […]
Banking organizations will have more time – two months more – to provide input to a request for information (RFI) on the consistency of ratings provided through the Uniform Financial Institutions Rating System, better known […]
Title: Community Reinvestment Act Regulations Subject: CRA Agency: FDIC, Federal Reserve, OCC Status: Final rule Summary: The OCC, the Board, and the FDIC (collectively, the Agencies) are amending their Community Reinvestment Act (CRA) regulations to […]
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