Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
The federal bank deposit insurer plans to terminate 13 receiverships, most of which date back to 2009, according to a Federal Register notice. “The liquidation of the assets for each receivership has been completed,” the […]
Insider abuse and fraud by former officers was the cause of the first failure in nearly 18 months at a small Texas bank earlier this year, according to a report from the federal bank deposit […]
The panel that advises the federal bank deposit insurer on matters related to community banking is slated to hold an open meeting Oct. 10 at agency headquarters in Washington. The Federal Deposit Insurance Corp. (FDIC) […]
Factors that determine whether funds on a consumer’s prepaid card are federally insured are detailed in a newsletter issued Tuesday by the Federal Deposit Insurance Corp. (FDIC). The September issue of the newsletter, FDIC Consumer News, […]
Five years in federal prison for a theft of more than $1 million from an elderly couple by a former Texas bank employee – plus forfeiture and restitution of more than $2.6 million – is […]
Supervisory appeals and dispute resolutions are the subjects of eight “listening sessions” for bankers and others to provide their recommendations about those processes in a series that begins early next month and runs through the […]
A bank organizing group developing an application for deposit insurance need not give a specific address of the proposed institution’s main office but should “reasonably describe” the anticipated physical location in its application and in […]
The “regulatory burden,” new accounting standards for expected credit losses, and issues related to “know before you owe” mortgage disclosures were the top 2018 complaints – or “constructive feedback” – received by the ombudsman for the federal […]
The federal regulatory agency charged with insuring bank deposits has shifted its post-examination process for federally insured institutions to its ombudsman office, according to a Financial Institution Letter (FIL) issued Thursday. The survey was previously […]
Title: Margin and Capital Requirements for Covered Swap Entities Subject: Swaps Agency: FDIC, Federal Reserve, OCC Status: Final rule Summary: The OCC, Board, FDIC, FCA, and FHFA (each, an agency, and collectively, the agencies) are […]
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