Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
A California was sentenced to nearly five years in prison – and ordered to pay more than $5 million in restitution — for fraudulently obtaining more than $11 million in bank loans to by a […]
President Donald Trump’s appointees to each of the four federal bank and credit union regulatory agencies will testify together for the first time during a Senate Banking Committee hearing next week on implementation of the […]
A proposal to reduce capital requirements for global systemically important banks (G-SIBs) would be a serious weakening of post-financial crisis reforms, a member (and former chairman) of the Federal Deposit Insurance Corp. (FDIC) Board said […]
The regulatory environment had a generally modest effect on the ability of community banks to make small business loans following the financial crisis, according to a new report. However, the report also asserts that data […]
Bank lending to the oil and gas sector, and an overview of bank credit risk-grading systems, are highlighted in two articles published in the summer edition of Supervisory Highlights Journal, published by the Federal Deposit […]
Out of 72 banks examined recently for Community Reinvestment Act (CRA) compliance, only one bank was rated “needs improvement” and six were “outstanding,” according to the federal bank deposit insurer’s list of ratings assigned in […]
Changes to the Regulation CC, implementing the law controlling availability of funds in checking accounts, have been made to the Federal Deposit Insurance Corp.’s (FDIC) Compliance Examination Manual (CEM). According to the FDIC, the chapter […]
Three more personnel actions were revealed by the Federal Deposit Insurance Corp. (FDIC) Tuesday – actions taken earlier this summer – as the agency’s chairman bolstered her staff. In a release, the FDIC said that: In July, […]
Two veterans of the federal insurer of bank deposits have top staff positions by the agency’s chairman, according to a release issued Tuesday. Arleas Upton Kea will serve as the deputy to the chairman and […]
The period for comment about proposed changes to the “Volcker Rule” has been extended by one month to Oct. 17, the federal banking regulators (and securities and commodity supervisors) said Tuesday. In a release, the […]
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