Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
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 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 […]
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 […]
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 […]
Emerging technologies that are “transforming banking operations” is the topic of an all-day forum hosted by the federal deposit insurer next month, featuring participants from banks, technology developers, trade groups and representatives from state and […]
Technical amendments to rules about deposit insurance assessments are being made by the federal deposit insurer, which the agency believes will have little or no impact on insurance assessments for insured institutions – except, potentially, […]
A final rule increasing the appraisal threshold from $250,000 to $500,000 for commercial real estate (CRE) transactions – the first increase in nearly a quarter century – was released Monday by the federal banking regulators; […]
A busy February featured 15 orders issued by the federal deposit insurance agency, it said Friday – including five removals and prohibitions, one civil money penalty (CMP), one consent order, one restitution order (including a […]
The Federal Deposit Insurance Corp. (FDIC) is proposing changes to its stress-testing rules to conform to similar changes made previously by the Federal Reserve and the Office of the Comptroller of the Currency (OCC). The […]
Although the exact amount of restitution has not yet been finally determined, $20 million to provide restitution to harmed consumers has been placed in a segregated account, and fines of more than $1 million have […]
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