Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
The federal bank deposit insurer on Friday said it was providing some regulatory relief for banks to promote recovery in areas of Louisiana affected by Hurricane Francine. Noting the hurricane damage that occurred from Sept. […]
A proposed rule to strengthen insured depository institutions’ recordkeeping regarding third-party deposits by fintechs to protect the owners of those funds was issued for comment by unanimous vote Tuesday of the Federal Deposit Insurance Corp. […]
Enhancing the transparency around the process of reviewing bank mergers under federal law, and providing guidance to stakeholders around the review of applications, is the aim of a rule and policy statement addressing the mergers […]
The federal bank deposit insurer’s governing board is set to meet Tuesday in open session on a final policy statement on bank merger transactions and a proposed rule related to custodial accounts and deposit insurance. […]
Input on bank-fintech arrangements involving banking products and services is now due a month later than originally scheduled, the federal banking agencies said late Friday. In a series of releases, the agencies said responses to […]
Third-quarter and fourth-quarter schedules of examinations for banks’ compliance with the anti-redlining Community Reinvestment Act (CRA) were released recently by federal banking regulators. The 1977 statute requires the Office of the Comptroller of the Currency […]
Earnings of more than $71 billion in the second quarter of 2024 – an 11% increase from the previous quarter – were posted by the nation’s banks, the federal insurer of bank deposits reported Thursday. […]
A Washington, D.C.-based consulting firm will “assist and advise” an anti-sexual harassment plan at the federal bank deposit insurance agency, the agency said late Wednesday. The Federal Deposit Insurance Corp. (FDIC) said Boston Consulting Group […]
More than 24 years in prison were given to a former Kansas bank CEO for his part in embezzling millions through a cryptocurrency scheme at his former institution, which eventually failed last year, the federal […]
Two of 54 banks received ratings of “needs improvement” recently for their compliance with anti-redlining rules, the federal insurer of bank deposits said Wednesday. The Federal Deposit Insurance Corp. (FDIC), however, also reported that the […]
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