Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
Measuring the effectiveness of digital identity proofing – the process used to collect, validate, and verify information about a person – is the aim of a “tech sprint” announced late Tuesday by the federal bank […]
Title: Unsafe and Unsound Banking Practices: Brokered Deposits Subject: Brokered deposits; primary purpose exception Agency: FDIC Status: Notification Summary: The FDIC is identifying an additional business relationship, or “designated exception,” that meets the “primary purpose” […]
Completed call reports for fourth quarter 2021 must be submitted by insured banks and savings institutions by Jan. 30 or, for those with more than one foreign office, by Feb. 4, the federal bank deposit […]
An additional business relationship – or “designated exception” – that meets the primary purpose exception to the deposit broker definition has been identified by the federal bank deposit insurance agency and applicable as of Dec. […]
Relief for supervised institutions serving disaster-hit areas in Arkansas and Colorado – including potential Community Reinvestment Act (CRA) consideration – was detailed in two Financial Institution Letters (FILs) issued Wednesday by the Federal Deposit Insurance […]
Procedures and processes at the federal bank deposit insurance agency for ensuring notice to contractor and subcontractor employees about their whistleblower rights were not aligned with laws, regulations, and policies designed for those purposes, according […]
Community Reinvestment Act (CRA) evaluation ratings from October included three outstandings and 38 satisfactories, according to the results released Tuesday by the Federal Deposit Insurance Corp. (FDIC). The three banks rated outstanding under the anti-redlining […]
The outgoing chairman of the federal bank deposit insurance fund has appointed two long-time agency staff members to senior positions, one as a deputy to her – even though she’s leaving in a month. The […]
The brokered deposits rule triggered three new “frequently asked questions” (FAQs) from the Federal Deposit Insurance Corp. (FDIC) last week, covering health savings accounts and filing deadlines under two areas. The new FDIC FAQs cover […]
Three days after the announcement of the resignation of its board chairman, effective in February, the federal bank deposit insurer was silent on what lies ahead for the leadership of the agency. Also silent: The […]
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