Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
The annual bank research conference for the federal bank deposit insurer will be held in September as a mixed virtual and in-person event, the latter part the for the first time in three years, the […]
The federal bank deposit insurer on Friday issued a letter detailing regulatory relief for financial institutions in areas of Oklahoma affected by a severe storm, tornadoes, and flooding. Financial Institution Letter (FIL-31-2022) issued by the […]
Deposits swept from broker dealers with a primary purpose exception (PPE) to unaffiliated insured depository institutions (IDIs) must be reported as “brokered” if there are any additional third parties involved that qualify as a deposit […]
The due date and process for the filing of banks’ consolidated reports of condition and income (or call reports), including some direction related to crypto-assets and derivatives hedging, are outlined in a Financial Institution Letter […]
A brother-sister team was indicted late last week for laundering more than $42 million in drug proceeds through the U.S. financial system using more than seven dozen bank accounts belonging to nearly two dozen California-based […]
A Chicago attorney who reportedly lied about the use of funds he obtained from the now-defunct Washington Federal Bank for Savings and falsely claimed a mortgage interest deduction related to the credit was sentenced Wednesday […]
No customer type presents a single level of uniform risk or a particular risk profile related to money laundering, terrorist financing or other illicit financial activity, the federal banking and credit union agencies, along with […]
Title: Federal Deposit Insurance Corporation Amended Restoration Plan Subject: Deposit Insurance Fund (DIF) Agency: FDIC Status: Amended restoration plan Summary: The Federal Deposit Insurance Act (FDI Act) requires that the FDIC’s Board of Directors (Board) […]
Title: Assessments, Revised Deposit Insurance Assessment Rates Subject: Assessment rates; deposit insurance Agency: FDIC Status: Proposed rule Summary: The FDIC is seeking comment on a proposed rule that would increase initial base deposit insurance assessment […]
Ensuring that stablecoin arrangements are subject to a federal framework on a “consistent and comprehensive basis” is an “urgent need,” Secretary of the Treasury Janet Yellen told a group of regulators Thursday. During a meeting […]
Copyright (c) 2022, RegReport.info; Contact: editor@regreport.info