FDIC – Page 151 – Regulatory Report

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[ September 29, 2023 ] More than 50% of all U.S. counties face ‘heightened future exposure’ to climate change affecting household finances, report asserts Other
[ September 29, 2023 ] Korea bank affiliate ordered to pay $30 million in assessments for AML/BSA violations FDIC
[ September 29, 2023 ] National bank regulator names next head of minority and women inclusion office OCC
[ September 29, 2023 ] 4 new weaknesses found in latest OIG report on NCUA compliance with info security law; 12 prior recommendations remain open NCUA
[ September 29, 2023 ] FDIC consumer compliance exam manual updates reflect FCRA rule changes FDIC

FDIC moving to electronic fingerprinting in 2Q for background checks on deposit insurance apps, changes in control, more

April 17, 2018 0

All depository institutions insured by the Federal Deposit Insurance Corp. (FDIC), and those proposed, will be subject to the switch to electronic fingerprinting in the FDIC’s background-check process beginning the second quarter of this year, […]

FDIC proposes phase-in for CECL; directors seek info about concern among bankers, impact of standard

April 17, 2018 0

A proposal to phase in the impact on banks of a new accounting standard for credit losses was approved unanimously for comment by the board of the federal deposit insurer Tuesday, in concert with similar […]

Banks in American Samoa ravaged by February’s Tropical Storm Gita receive access to regulatory relief

April 16, 2018 0

Financial institutions in American Samoa affected by Tropical Storm Gita have been extended some regulatory relief to facilitate recovery from the storm, the Federal Deposit Insurance Corp. (FDIC) said Monday. In a release, the agency […]

Week ahead: Quarles before Congress, Brainard on reg reform, regulator boards meet – and more

April 13, 2018 0

Two congressional hearings featuring the top supervisory official of the Federal Reserve, a speech on regulatory reform by another Fed governor, transitioning capital rules to new accounting provisions by the federal deposit insurer, the monthly […]

FDIC announces five bank receiverships terminated

April 12, 2018 0

The Federal Deposit Insurance Corp. (FDIC) has announced the termination of five bank receiverships now that all obligations of the closed institutions have been disposed of. Four of the terminated receiverships are for Community First […]

Agencies advise: first quarter call reports for banks, savings associations due April 30 (and no later)

April 10, 2018 0

Banks and savings associations have until April 30 to file their first quarter call reports, the federal banking agencies said Tuesday in a notice; as per usual, no extensions of filing time are granted. In […]

FDIC Board to consider transition to CECL methodology for regulatory capital rule

April 10, 2018 0

A capital rule dealing with the transition to the methodology used in the new current expected credit loss (CECL) accounting standard will be considered during a meeting of the Federal Deposit Insurance Corp. (FDIC) board […]

Guidance provided on ‘cyber insurance,’ but exam council calls ‘effective controls’ still the best defense

April 10, 2018 0

Guidance for financial institutions considering special insurance to offset financial losses from data breaches and other cyber incidents is offered in a joint statement released Tuesday by federal financial institution regulators. However, the regulators noted […]

Proposal would require FDIC consent for state savings associations to exercise trust powers

April 9, 2018 0

The federal agency that insures bank deposits is proposing to eliminate regulations written by a long-departed federal thrift regulatory agency regarding state savings associations’ exercise of trust powers. The proposal would also bring state savings […]

For CRA compliance, two out of 77 banks rated ‘needs improvement’ by FDIC, one is ‘outstanding’

April 5, 2018 0

Of the 77 state nonmember banks recently evaluated by the federal bank deposit insurer for compliance with the Community Reinvestment Act (CRA), all were deemed “satisfactory” save three: one rated “outstanding,” and two others rated […]

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More than 50% of all U.S. counties face ‘heightened future exposure’ to climate change affecting household finances, report asserts

September 29, 2023 0

More than half of U.S. counties – populated by millions of Americans – face heightened future exposure to at least one of three climate hazards — flooding, wildfire, or extreme heat – that will affect their household finances, according to [...]
Korea bank affiliate ordered to pay $30 million in assessments for AML/BSA violations

September 29, 2023 0

Fines totaling $30 million have been assessed by federal and state banking agencies against a New York-based affiliate of a Korean bank for violations of anti-money laundering laws, the federal bank deposit insurance agency said Friday. In a release, the [...]
Find FDIC, Fed, OCC proposed rules on capital, resolution plans, long-term debt in Reg Lookup

September 28, 2023 0

All five regulatory rule and guidance proposals issued by federal banking agencies Aug. 29, and published in the Federal Register the week of Sept. 18, can now be found in the Regulatory Lookup section of RegReport.info. The five proposals, which [...]
OCC says ALM, credit and credit loss allowances are top three areas for supervision in FY ‘24

September 28, 2023 0

Asset and liability management, credit, and allowance for credit losses are the top three areas of “heightened focus” for supervision in the year ahead by the national regulator of banks, the agency said Thursday. In releasing its supervision operating plan [...]
FDIC leader keeps focus on ‘targeted coverage’ for deposits in response to bank failures

September 28, 2023 0

“Targeted coverage” for federal insurance of bank deposits remains at the top of the list of proposed changes to deposit insurance in the wake of three, large regional bank failures last spring, the leader of the federal bank deposit insurance [...]
Community banking advisory panel meets Oct. 5 at FDIC

September 28, 2023 0

The Advisory Committee on Community Banking, which advises the federal bank deposit insurer on matters of concern to community banks, is scheduled to meet Oct. 5 at 9 a.m. Eastern, one day after the agency’s minority depository institutions (MDI) panel [...]
Home affordability declined in 2022 driven by higher rates, fees; more applicants denied for insufficient income

September 27, 2023 0

Overall affordability of homes declined significantly in 2022, with borrowers spending more of their income on mortgage payments and lenders more often denying applications for insufficient income, the federal consumer financial protection agency said Wednesday. The Consumer Financial Protection Bureau [...]
Mortgage delinquencies, foreclosures, static or down in second quarter, OCC reports

September 27, 2023 0

Home mortgage delinquencies and foreclosures were unchanged or down in the second quarter of the year, compared to the previous quarter and the previous year, according to a report issued Wednesday by the regulator of national banks. In its Mortgage [...]
FDIC’s MDI panel set to meet Oct. 4

September 27, 2023 0

A minority depository institutions subcommittee is set to meet Oct. 4 at 1 p.m. Eastern, hosted by Federal Deposit Insurance Corp. (FDIC) Chairman Martin Gruenberg, the agency said in a meeting notification Wednesday. The meeting is being held for the [...]