Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
An update of projected deposit insurance fund losses, income, and reserve ratios for the restoration plan will be the main agenda item when the board of the federal savings insurance agency meets next week. The […]
The Federal Deposit Insurance Corp. (FDIC) has terminated two bank receiverships and plans to end another seven over the next 30 days, according to two notices slated for publication in the March 8 Federal Register. […]
Nearly a quarter-million consumers who were assessed inflated transaction fees by a Delaware bank will be paid about $1.3 million in restitution under a settlement announced by the federal deposit insurer Wednesday. The bank was […]
Legislation expanding the frequency, scope and coverage of annual regulatory reviews by the federal financial institution regulators was easily passed by the House Tuesday, 264 – 143. The Comprehensive Regulatory Review Act (H.R. 4607) would […]
Three bills – extending the “qualified mortgage” safe harbor, reducing reporting requirements for smaller financial institutions, and combatting the financial network of transnational criminals – were approved by the House Tuesday. All three passed by […]
Only one bank (out of 79) earned a rating of “needs improvement” in its Community Reinvestment Act (CRA) evaluations released Monday by the federal deposit insurer – and that bank no longer exists as a […]
Helping financial institutions “better understand” revisions made last year to federal mortgage disclosure requirements – including data collection and reporting provisions – is the aim of a new guide issued late last month, the federal […]
Two large banking organizations in New Jersey and Rhode Island were provided “updated expectations” for their next “living wills” from the nation’s central bank and federal deposit insurer Thursday. The Federal Reserve and the Federal […]
With proposed changes to Community Reinvestment Act (CRA) rules set for release in March by the Office of the Comptroller of the Currency (OCC), two federal banking regulators Tuesday released their upcoming exam schedules for […]
The federal consumer protection agency and the federal financial institution regulators are the subject of 10 recommendations made by the congressional watchdog, including assessing effectiveness of mortgage disclosure guidance and reporting rationales for their actions. […]
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