Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
Two banks that reportedly are part of Bread Financial Inc. were each assessed their own $1 million civil money penalties (CMPs) by the federal bank deposit insurer over alleged violations of the Federal Trade Commission […]
With all the coverage of the devastating effects of Hurricane Helene over the past 24 hours, it may be easy to forget the impact of an earlier storm – Tropical Storm Debby – for which […]
The group that advises the federal bank deposit insurer on policy issues regarding the resolution of systemically important financial companies is slated to meet publicly Oct. 15, according to a notice in Thursday’s Federal Register. […]
An independent audit of the Federal Deposit Insurance Corp.’s (FDIC) information security program showed the program to be effective but warranting improvements, the agency’s Office of Inspector General (OIG) said in a report released Thursday. […]
Nasty weather in the northeast, the Midwest and the southeast – particularly the effects of an approaching hurricane – have prompted federal banking regulators to offer regulatory relief to institutions in those areas, the agencies […]
“Improvements are needed” to monitor and respond to conflicts of interest in the acquisitions process of the federal insurer of bank deposits, the agency’s office of inspector general said in a report released Tuesday. In […]
Overseeing a “wide range of administrative services” in support of the federal insurer of bank deposits’ business activities will be the focus of a new administrator at the agency, it said Tuesday. Jennifer Schoen was […]
Deposit totals for each of the more than 76,000 domestic offices operated by more than 4,500 FDIC-insured banks are included in the results of the 2024 survey of branch office deposits, the federal insurer of […]
The federal bank deposit insurer on Friday said it was providing some regulatory relief for banks to promote recovery in areas of Louisiana affected by Hurricane Francine. Noting the hurricane damage that occurred from Sept. […]
A proposed rule to strengthen insured depository institutions’ recordkeeping regarding third-party deposits by fintechs to protect the owners of those funds was issued for comment by unanimous vote Tuesday of the Federal Deposit Insurance Corp. […]
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