Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
Financial performance at minority depository institutions (MDIs) over the past five years has significantly improved, both in revenue generation and loan performance, a new study from the federal insurer of bank deposits has found. In […]
Amy C. Thompson, most recently the principal communications advisor to the federal housing secretary and having previously led communications for a payday lender group, has been named director of the Office of Communications at the […]
Title: Reduced Reporting for Covered Depository Institutions Subject: Call reports Agency: FDIC, Federal Reserve, OCC Status: Final rule Summary: The OCC, the Board, and the FDIC (collectively, the agencies) are issuing a final rule to […]
The agency’s disaster relief apparatus has been put in motion for insured banks and thrifts affected by severe storms and flooding in Arkansas as well as the winter storm, snowstorm and flooding in South Dakota, […]
The 2019 list of distressed or underserved nonmetropolitan middle-income geographies where banks’ revitalization or stabilization activities can receive Community Reinvestment Act (CRA) consideration under the “community development” definition was released Monday by federal banking regulators. […]
There’s a website out there – FDIConnect.com – that bills itself as a consumer-focused provider of FDIC pass-through insurance for bank deposits, but the agency issued a warning Thursday that this website is not affiliated […]
Failures by banks to properly calculate or disclose finance charges, or annual percentage rate for mortgage loans, and other violations under the Truth in Lending Act (TILA, Regulation Z) were the top violations reported last […]
Community banks and “non-advanced approaches banking organizations” will be subject to simpler regulatory capital requirements for mortgage servicing assets, certain deferred tax assets arising from temporary differences, and investments in the capital of unconsolidated financial […]
An update on various initiatives was provided by the leader of the federal insurer of bank deposits Wednesday – but did not include any new details of an “office of innovation” promised by the agency […]
The board chairman of the federal insurer of bank deposits, and the community bank representative on the nation’s central bank board, are featured speakers for a conference in two weeks about promoting and preserving community […]
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