FDIC – Page 153 – Regulatory Report

What's up

[ April 26, 2024 ] WA bank fined $500k over FTC Act, RESPA violations FDIC
[ April 26, 2024 ] Five new members of community banking advisory panel named; will join May 2 meeting FDIC
[ April 25, 2024 ] Competing proposals to change rules on Bank Control Act withdrawn after neither can win majority of FDIC Board votes FDIC
[ April 25, 2024 ] FDIC: Deposit Insurance Fund on track to reach statutory minimum before deadline FDIC
[ April 25, 2024 ] CFPB’s consumer panel to meet May 15 CFPB

House-passed spending bill includes FI provisions; includes 2-year delay on CU capital rule

July 19, 2018 0

The House on Thursday completed consideration and passed a House appropriations financial services bill nearing that reflects provisions similar to some contained in the recently unveiled JOBS Act 3.0, including modifications of banking organizations’ living […]

Study on CMP inflation leaves out FI regulators – but wants more info from Treasury (including OCC)

July 18, 2018 0

A congressional oversight agency review of civil money penalty (CMP) reporting by federal agencies does not contain information from federal financial institution regulators, primarily because those agencies are not generally required to file agency financial […]

Letter notes changes from reg relief law (EGRRCPA) effective for June 30 call reports

July 17, 2018 0

Revised versions of all three call reports, which took effect June 30 and include changes made by recently enacted regulatory relief legislation, must be submitted by July 30, a Financial Institution Letter (FIL) from the […]

House passes JOBS Act 3.0 with bank, credit union provisions intact

July 17, 2018 0

The House, on Tuesday voting 406-4, passed a broad, bipartisan capital-formation measure that would also reduce the frequency of banking company resolution plans (living wills), provide a safe harbor for financial institutions keeping some suspicious […]

‘Volcker Rule’ revisions – 686 pages worth – finally to be published, opened for 60-day comment period

July 16, 2018 0

A proposed rule giving many banks relief from the “Volcker Rule” – created in 2013 to prohibit proprietary trading by banking organizations – will finally be published Tuesday in the Federal Register, and open to […]

New FDIC leader commits to community banker advisory council (with cheers from former chairman)

July 11, 2018 0

An advisory group focusing on community banks’ issues (made up of community bankers) will continue to work with the federal bank deposit insurance agency, according to the agency’s new chairman – a decision cheered by […]

FDIC letter advises of revisions to interagency forms

July 11, 2018 0

The Federal Deposit Insurance Corp. (FDIC) is implementing revisions to currently approved interagency forms, based on the recommendations of an interagency working group comprised of representatives from the FDIC, the Board of Governors of the […]

Guidance offers regulatory relief for Texas banks affected by summer storms

July 10, 2018 0

Facilitating recovery from late June severe storms and flooding in Texas — which caused significant property damage in some areas of the state and triggered a July 6 federal disaster declaration — is the aim […]

Agencies post public portions of ‘living wills’ for 4 foreign banking firms

July 9, 2018 0

The public portions of resolution plans for four foreign banking organizations – Barclays PLC, Credit Suisse Group AG, Deutsche Bank AG, and UBS AG – were published Monday by the Federal Reserve Board and Federal […]

Banking agencies spell out guidance about how they will proceed with reg relief law’s changes

July 6, 2018 0

Rules and reporting requirements for company-run stress testing, resolution plans, the Volcker rule, high-volatility commercial real estate exposures, examination cycles, municipal obligations as high-quality liquid assets, and other provisions contained in regulatory relief legislation enacted […]

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WA bank fined $500k over FTC Act, RESPA violations

April 26, 2024 0

A bank that the federal bank deposit insurer said violated Federal Trade Commission (FTC) Act and Real Estate Settlement Procedures Act (RESPA) rules was assessed a $500,000 civil money penalty in March, the Federal Deposit Insurance Corp. (FDIC) said in [...]
Five new members of community banking advisory panel named; will join May 2 meeting

April 26, 2024 0

Five new members of the community banking advisory committee to the federal bank deposit insurance agency were named Friday by the organization, which also said the group will attend its first meeting May 2. The Federal Deposit Insurance Corp. (FDIC) [...]
Competing proposals to change rules on Bank Control Act withdrawn after neither can win majority of FDIC Board votes

April 25, 2024 0

Neither of two competing proposals for changes to the federal bank deposit insurer’s rules implementing the Bank Control Act (BCA) were adopted Thursday by the agency’s board after sponsors of the two proposals withdrew them, largely after it became apparent [...]
FDIC: Deposit Insurance Fund on track to reach statutory minimum before deadline

April 25, 2024 0

The federal bank deposit insurer’s Deposit Insurance Fund (DIF) reserve ratio grew from 1.11% June 2023 to 1.15% in December and remains on track to return to its statutory minimum of 1.35% before its statutory deadline of Sept. 30, 2028, [...]
CFPB’s consumer panel to meet May 15

April 25, 2024 0

A public meeting of the Consumer Advisory Board (CAB) of the federal consumer financial protection agency is slated for May 15 from 10:30 a.m. to 1 p.m. Eastern. CAB is charged with advising and consulting with the Consumer Financial Protection [...]