FDIC

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[ October 2, 2026 ] Wisconsin bank, holding company consent to enforcement actions for ‘unsafe, unsound’ practices FDIC
[ October 1, 2026 ] Agency finally closes down troubled credit union after embezzlement charges; Alabama CU assumes members, savings, some assets NCUA
[ October 1, 2026 ] FDIC ends independent monitor brought on to ensure ‘workplace culture’ reforms after sexual harassment claims FDIC
[ October 1, 2026 ] ‘Living wills’ feedback letters published for 15 banking orgs; OCC votes against releasing one plan FDIC
[ October 1, 2026 ] Failed California bank will cost bank insurance fund $114 million FDIC

In dueling statements, FDIC Board members voice support/opposition to accountability plan in wake of sexual harassment scandal

August 29, 2024 0

A plan for dealing with accountability over sexual harassment allegations at the federal bank deposit insurance agency was approved by a 3-2 vote of the agency’s board late Wednesday – leading to dueling statements from […]

Comments due Oct. 22 on FDIC proposal to tighten its 2020 brokered deposits rule

August 23, 2024 0

Comments on a proposed rule that would tighten up some of the easing provisions of the federal bank deposit insurer’s 2020 brokered deposits rule will be due no later than Oct. 22, according to a […]

60-day comment period set for proposed data collection standards rule

August 22, 2024 0

Comments are due Oct. 21 on a proposal to establish data standards for the collection of information reported to federal financial institution regulators by financial entities under their jurisdiction, the federal financial institution and other […]

Recovery in SD areas affected by storms, flooding focus of FDIC letter

August 22, 2024 0

Certain regulatory relief measures to help financial institutions and facilitate recovery in areas of South Dakota affected by severe storms, straight-line winds, and flooding were announced by the Federal Deposit Insurance Corp. (FDIC) Wednesday in […]

Q&As cover implementation of FDIC’s revised rule on use of official sign, advertising statements

August 22, 2024 0

Requirements of last year’s regulatory revisions on banks’ use of the federal bank deposit insurance agency’s official sign and more are addressed in a set of questions and answers announced recently by the agency. Late […]

FDIC names independent ‘transformation monitor’ to audit workplace culture efforts

August 21, 2024 0

Carrie H. Cohen will be the federal bank deposit insurer’s independent “transformation monitor,” charged with auditing the agency’s ongoing efforts to implement recommendations for improving the agency’s workplace culture. Cohen, partner at Morrison Foerster LLP, […]

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Wisconsin bank, holding company consent to enforcement actions for ‘unsafe, unsound’ practices

October 2, 2026 0

A Wisconsin bank’s holding company is now under an enforcement order issued Friday by the Federal Reserve for “unsafe and unsound” banking practices – about two months after another federal banking agency issued a similar order for the bank owned [...]
Agency finally closes down troubled credit union after embezzlement charges; Alabama CU assumes members, savings, some assets

October 1, 2026 0

A troubled Mississippi credit union was closed and its members and savings (shares) were assumed by an Alabama Credit Union, the federal regulator announced late Wednesday. Jackson Area Federal Credit Union (FCU), of Jackson Miss., was closed and its members [...]
FDIC ends independent monitor brought on to ensure ‘workplace culture’ reforms after sexual harassment claims

October 1, 2026 0

Workplace culture reforms spawned by allegations of sexual harassment at the federal bank deposit insurance agency will no longer be overseen by an independent monitor, the agency said late Wednesday, asserting that the monitor’s work had concluded. The Federal Deposit [...]
‘Living wills’ feedback letters published for 15 banking orgs; OCC votes against releasing one plan

October 1, 2026 0

Feedback letters from 15 banking organizations with more than $250 billion in assets on their resolution plans were published Sept. 29 by the Federal Reserve and the Federal Deposit Insurance Corp. (FDIC), the agencies said. However, the Office of the [...]
Failed California bank will cost bank insurance fund $114 million

October 1, 2026 0

A failed California bank that was closed Sept. 25 is estimated to cost the federal bank deposit insurance fund about $114 million, the insurance fund said agency. The bank reopened Sept. 28 as a branch of a Utah bank as [...]
Former teller leader prohibited for allegedly misappropriating nearly a quarter million dollars from cash dispenser machines

September 25, 2026 0

Misappropriation of about $246,000 from teller cash dispenser machines has led to the prohibition of a former teller supervisor of a bank in the Maryland suburbs of Washington, D.C., the Federal Reserve said Thursday. According to the agency, Renee Nicole [...]

In dueling statements, FDIC Board members voice support/opposition to accountability plan in wake of sexual harassment scandal

Comments due Oct. 22 on FDIC proposal to tighten its 2020 brokered deposits rule

60-day comment period set for proposed data collection standards rule

Recovery in SD areas affected by storms, flooding focus of FDIC letter

Q&As cover implementation of FDIC’s revised rule on use of official sign, advertising statements

FDIC names independent ‘transformation monitor’ to audit workplace culture efforts

Comments due Oct. 18 on FDIC change-in-bank-control proposal

Agencies issue joint proposal for data standards rules for information they collect

FDIC’s Section 19 hiring rule changes take effect Oct. 1

Final guidance on resolution plans for banks north of $250 billion issued jointly by agencies

Wisconsin bank, holding company consent to enforcement actions for ‘unsafe, unsound’ practices

Agency finally closes down troubled credit union after embezzlement charges; Alabama CU assumes members, savings, some assets

FDIC ends independent monitor brought on to ensure ‘workplace culture’ reforms after sexual harassment claims

‘Living wills’ feedback letters published for 15 banking orgs; OCC votes against releasing one plan

Failed California bank will cost bank insurance fund $114 million

Former teller leader prohibited for allegedly misappropriating nearly a quarter million dollars from cash dispenser machines