Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
The charter for a 16-member panel formed to give the federal bank deposit insurer feedback on issues related to the resolution of systemically important financial companies as provided under the 2010 Dodd-Frank Act has been […]
A fine of $172,500 was assessed against a Tennessee bank last month for failing to obtain or extend flood insurance coverage – up to 196 times – for loans it made, the federal insurer of […]
A series of virtual “Office Hours” to hear from bankers, fintechs (financial technology firms), and other interested parties on evolving technological innovations in banking are slated beginning in June by the federal bank deposit insuring […]
A man from MIddlesex, N.J., last week admitted he deposited a stolen and altered U.S. Treasury check for more than $211,000 and fraudulently received more than $481,000 from the Paycheck Protection Program (PPP) created to […]
Expanding economic inclusion through technology and innovation, as well as expanding account access and key challenges facing communities, are on the agenda for the May 13 meeting of the Federal Deposit Insurance Corp.’s (FDIC) Advisory […]
Banks that file tax returns as part of a consolidated tax filing group would be required to enter into tax allocation agreements with their holding companies and other members of their consolidated group under a […]
A proposed rule to provide “transparency” in the way the federal bank deposit insurer responds to the misuse of the agency’s name or logo, and false representations that a product is federally insured, was issued […]
The stand-up of the Mission-Driven Bank Fund by the federal agency that insures bank deposits has made some strides, with a financial advisor and two law firms now engaged to develop the fund’s framework, structure, […]
A four-member team of undergraduate students from the State University of New York College at Geneseo (SUNY-Geneseo) has won the inaugural 2020-2021 Federal Deposit Insurance Corp. (FDIC) Academic Challenge with an examination of relationship banking […]
A Cameroon citizen who defrauded Municipal Trust and Savings Bank, Bourbonnais, Ill., of nearly $300,000 has been sentenced to serve 48 months in federal prison and ordered to pay restitution totaling $278,201 to the bank […]
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