Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
Banks with at least $100 billion in assets must develop and submit detailed plans demonstrating how they could be resolved “in an orderly and timely manner” under a rule approved Thursday by the board of […]
Quality control standards will be required for use of automated valuation models (AVMs) by mortgage originators and secondary market issuers in determining the collateral worth of a mortgage secured by a consumer’s principal dwelling under […]
The subject of briefings on certain merger and deposit insurance applications outstanding for more than 270 days is on the agenda for discussion during a meeting Thursday of the board of the federal bank deposit […]
Annual thresholds applicable to lending and anti-redlining rules are outlined in revisions to the consumer compliance exam manual published by the federal insurer of bank deposits, the agency said late Tuesday. The Federal Deposit Insurance […]
The next leader for the federal bank deposit insurance agency would be a Wall Street regulator and former Treasury Department official if the Senate confirms the nomination announced Thursday by the White House. Christy Goldsmith […]
Severe storms in areas of Mississippi – including straight-line winds, tornadoes and flooding — spurred a “regulatory relief” pronouncement Wednesday for banks in areas affected by the storms, according to the federal insurer of bank […]
The scam known as “pig butchering” has prompted consumer and bank alerts Thursday from the inspector general for the federal bank deposit insurance agency, which listed red flags for banks to watch for the scam’s […]
Economic inclusion can be expanded when bank customers (or credit union members) open accounts to deposit their tax refunds by direct deposit, an outcome of involvement in the federal tax service’s volunteer tax assistance program, […]
More than $712 million in fines, restitution ordered, and other monetary recoveries were realized by the federal insurer of bank deposits between last fall and this spring, according to a report sent to Congress Tuesday. […]
Four banks received ratings of “outstanding” for their compliance with anti-redlining laws – while four others received ratings of “needs improvement” – according to the latest ratings results issued Tuesday by the federal insurer of […]
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