Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
Updates to the Servicemembers Civil Relief Act (SCRA) section of the Consumer Compliance Examination Manual (CEM) of the federal bank deposit insurer were released Tuesday, the agency said in an announcement. The Federal Deposit Insurance […]
A rule narrowing the scope of brokered deposits and redefining market interest rates to include those paid by credit unions (for the first time) when setting restrictions was approved by the board of the federal […]
Banks and savings institutions reporting small-business lending data under the Community Reinvestment Act (CRA) said they originated and purchased an aggregate $264.9 billion in such loans during 2019, according to data made available Monday by […]
The agency’s 2021 budget and two final rules – one on a combined regulation on brokered deposits and interest rate restrictions – highlight the agenda for the board of the federal insurer of bank deposits […]
More information for the 15 banks due to submit targeted resolution plans, or “living wills,” by Dec. 17 plus final guidance for the resolution plans of certain large foreign banking organizations (FBOs) were issued jointly […]
A charter for a group that advises the federal deposit insurance agency on economic inclusion was renewed Dec. 3 for another two years, according to a notice filed with the Federal Register. The Advisory Committee […]
Eight bank receiverships – one involving a bank in Arizona, the other seven in Georgia – are slated for termination soon by the Federal Deposit Insurance Corp. (FDIC), the agency said in a notice set […]
Title: Assessments, Amendments To Address the Temporary Deposit Insurance Assessment Effects of the Optional Regulatory Capital Transitions for Implementing the Current Expected Credit Losses Methodology Subject: Deposit insurance; CECL Agency: FDIC Status: Final rule Summary: […]
A proposed change to the federal deposit insurance assessment system for banks that would eliminate the double counting of some optional portions of capital related to the transition to the current expected credit losses (CECL) […]
Of the 58 banks whose Community Reinvestment Act (CRA) ratings were assigned by the Federal Deposit Insurance Corp. (FDIC) in September, all received ratings of “satisfactory” except for four: one rated for “substantial noncompliance” and […]
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