Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
Any group interested in starting a de novo community bank will find a ready partner in the agency that insures bank deposits and serves as the lead federal supervisor for most community banks, the agency’s […]
The liquidity coverage ratio (LCR) rule is the topic of new frequently asked questions issued Monday by the federal banking agencies. The FAQs released by the Office of the Comptroller of the Currency (OCC), Federal […]
A policy statement issued four years ago as guidance by federal banking agencies about “leveraged lending” is a “rule” subject to the requirements of the Congressional Review Act (CRA), the Government Accountability Office (GAO) wrote […]
Financial institutions serving areas affected by wildfires in California were given guidance Friday to help the areas recover, particularly by easing lending terms where possible. In Financial Institution Letter (FIL) 52-2017, the Federal Deposit Insurance […]
Three appointments to executive positions were announced by the Federal Deposit Insurance Corp. (FDIC) Thursday. Those named to positions are: Howard Whyte was named chief information officer. He has more than 20 years of information […]
Appraisal requirements were eased for real estate-related financial transactions in areas declared to be a major disaster – including those affected by severe storms and flooding related to Hurricanes Harvey, Irma, and Maria – by […]
Key data fields to be used in collecting information for evaluating financial institution compliance with Home Mortgage Disclosure Act (HMDA) requirements were released Tuesday by federal banking agencies. The key data fields are most important […]
The National Credit Union Administration (NCUA) Board holds a public briefing on its 2018-19 budget, and – the following day – a regular board meeting to consider two final rules, and proposing an additional rule. […]
About 27% of households — 90 million Americans — are unbanked or underbanked, with more than two in five of those (42%) earning less than $30,000 a year, the chairman of the Federal Deposit Insurance […]
Moving toward an assessment of bank capital adequacy based on tangible equity would generate better information and free up billions of supervision dollars used now to analyze risk-based measures “that are too-often gamed,” the vice […]
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