FDIC

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[ February 3, 2023 ] 6 banks rated ‘outstanding’ under CRA, 2 ‘needs to improve,’ FDIC reports FDIC
[ February 3, 2023 ] FDIC, credit union regulator offer guidance on lower HMDA reporting threshold; expect ‘flexible’ approach FDIC
[ February 2, 2023 ] Seven banks receive ‘outstanding’ ratings for CRA performance; none rated less than ‘satisfactory’ OCC
[ February 1, 2023 ] ‘Outdated’ IT exam program for banks holds weaknesses, needs improvements, report finds FDIC
[ February 1, 2023 ] OCC issues guidance for dealing with new, lower HMDA closed-end mortgage reporting threshold OCC

Banking agencies call out key crypto-related risks to banks, discuss supervision

January 3, 2023 0

A statement that highlights what they describe as “key risks for banking organizations associated with crypto-assets and the crypto-asset sector” and outlines approaches to supervision was issued jointly Tuesday by the three prudential federal banking […]

FDIC: 3 out of 48 banks rated under anti-redlining law deemed ‘outstanding,’ 1 ‘needs to improve’

January 3, 2023 0

Of the 48 banks receiving their Community Reinvestment Act (CRA) evaluations ratings in October, three were considered “outstanding” and one was rated “needs to improve,” the Federal Deposit Insurance Corp. (FDIC) reported Tuesday. The remaining […]

Bank earns nearly half-million-dollar fine for RESPA violations

December 30, 2022 0

Violations of real estate settlement procedures resulted in a $425,000 fine against an Oregon bank last month, according to enforcement actions issued Friday by the federal bank deposit insurance agency. The Federal Deposit Insurance Corp. […]

Consumer exam manual updated to reflect complex bank supervision program, changes in pandemic info

December 30, 2022 0

Compliance examination updates for the complex bank supervision program, and edits to a pre-examination information packet removing references to the coronavirus crisis and legislation targeting the economic fallout from the crisis, were parts of changes […]

Agencies punt, again, on Reg O application by extending ‘no action’ position for another year

December 22, 2022 0

A “no action” position regarding application of Regulation O was extended for at least another year by the federal banking agencies Thursday, the agencies said in a joint statement. According to the Federal Reserve, Federal […]

Year-end bank call report includes updates on accounting for hedging activities

December 22, 2022 0

Instructions for year-end 2022 call reports, due to be filed by Jan. 30, will include updates for accounting for hedging activities, according to a letter issued Thursday by the federal bank deposit insurance agency. The […]

FDIC Official Sign and Advertising Requirements, False Advertising, Misrepresentation of Insured Status, and Misuse of the FDIC’s Name or Logo

December 22, 2022 0

Title: FDIC Official Sign and Advertising Requirements, False Advertising, Misrepresentation of Insured Status, and Misuse of the FDIC’s Name or Logo Subject: Deposit Insurance Agency: FDIC Status: Proposed rule Summary: The Federal Deposit Insurance Corporation […]

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6 banks rated ‘outstanding’ under CRA, 2 ‘needs to improve,’ FDIC reports

February 3, 2023 0

Of the 44 banks that received their federal anti-redlining compliance ratings in November, six of them were rated “outstanding” and two were deemed “needs to improve,” according to data released Friday by the Federal Deposit Insurance Corp. (FDIC). The FDIC, [...]
FDIC, credit union regulator offer guidance on lower HMDA reporting threshold; expect ‘flexible’ approach

February 3, 2023 0

The supervisory approach for the new, lower reporting threshold of 25 closed-end mortgage loans was outlined Friday by two regulators – one for banks, one for credit unions – who both indicated limited action, if any, on recent past reporting [...]

Banking agencies call out key crypto-related risks to banks, discuss supervision

FDIC: 3 out of 48 banks rated under anti-redlining law deemed ‘outstanding,’ 1 ‘needs to improve’

Bank earns nearly half-million-dollar fine for RESPA violations

Consumer exam manual updated to reflect complex bank supervision program, changes in pandemic info

Agencies punt, again, on Reg O application by extending ‘no action’ position for another year

Year-end bank call report includes updates on accounting for hedging activities

FDIC Official Sign and Advertising Requirements, False Advertising, Misrepresentation of Insured Status, and Misuse of the FDIC’s Name or Logo

Full board ahead for FDIC as Senate confirms two-time chairman, vice chairman, member

Inflation pushes definitions of ‘small banks’ lower in 2023 for CRA reporting requirements

Credit Suisse, BNP Paribas flagged for ‘deficiencies,’ ‘shortcomings’ in living will submissions made in 2021

6 banks rated ‘outstanding’ under CRA, 2 ‘needs to improve,’ FDIC reports

FDIC, credit union regulator offer guidance on lower HMDA reporting threshold; expect ‘flexible’ approach