FDIC – Regulatory Report

What's up

[ October 7, 2024 ] Research papers on AI – including impact on financial stability, use for fraud – sought for symposium OCC
[ October 4, 2024 ] Threshold will rise in 2025 for higher-priced mortgage loans subject to special appraisal requirements CFPB
[ October 4, 2024 ] Consumer loan, lease amounts with Regs Z, M protections to rise in 2025 CFPB
[ October 3, 2024 ] Chart aims to help nonbanks determine requirement to register order under rule CFPB
[ October 3, 2024 ] Bulletin puts focus on refinance risk in commercial lending; urges measure to assess, control threats OCC

Threshold will rise in 2025 for higher-priced mortgage loans subject to special appraisal requirements

October 4, 2024 0

The threshold will increase from $32,400 to $33,500 for higher-priced mortgage loans that are subject to special appraisal requirements, the federal banking and consumer financial protection agencies said Friday. The new threshold takes effect Jan. […]

All four CRA ratings show up in latest list of 55 banks rated, FDIC data shows

October 3, 2024 0

Of the 55 banks receiving their Community Reinvestment Act (CRA) evaluations ratings in July, 48 were rated “satisfactory,” according to the federal bank deposit insurer. The remaining seven were assigned “outstanding,” “needs to improve,” or […]

Half of banks using financial technology in lending to deal with compliance, servicing, survey finds

October 2, 2024 0

About half of all U.S. banks were using or considering using financial technology in their small business lending process, according to a report issued Wednesday by the federal insurer of bank deposits. However, the report […]

Agencies issue joint pronouncement on regulatory assistance in wake of Hurricane Helene

October 2, 2024 0

Federal financial institution regulatory agency efforts to assist banks, credit unions and their communities in areas stricken by Hurricane Helene shifted to a consolidated, coordinated approach Wednesday for regulatory relief as the regulators issued joint […]

Comments due Dec. 2 on FDIC proposal on custodial deposit accounts

October 2, 2024 0

A proposed rule to strengthen recordkeeping regarding deposits placed in insured depository institutions by third-party firms is out for comment until Dec. 2, according to a Federal Register notice Wednesday. The Federal Deposit Insurance Corp. […]

Banks in areas of states affected by Hurricane Helene offered regulatory relief

October 1, 2024 0

Banks in areas of Florida, Georgia, North Carolina, and South Carolina ravaged by high winds and flooding caused by Hurricane Helene were Tuesday offered regulatory relief to help them help their communities recover. The Federal […]

FDIC assesses $2 million in fines from banks over FTC Act violations

September 27, 2024 0

Two banks that reportedly are part of Bread Financial Inc. were each assessed their own $1 million civil money penalties (CMPs) by the federal bank deposit insurer over alleged violations of the Federal Trade Commission […]

Banks in Georgia, Vermont offered reg relief from storms – in these cases, Debby from last month, flooding in July

September 27, 2024 0

With all the coverage of the devastating effects of Hurricane Helene over the past 24 hours, it may be easy to forget the impact of an earlier storm – Tropical Storm Debby – for which […]

FDIC’s systemic resolution advisory panel set to meet Oct. 15

September 26, 2024 0

The group that advises the federal bank deposit insurer on policy issues regarding the resolution of systemically important financial companies is slated to meet publicly Oct. 15, according to a notice in Thursday’s Federal Register. […]

Report: FDIC info-security systems ‘effective,’ but improvements recommended

September 26, 2024 0

An independent audit of the Federal Deposit Insurance Corp.’s (FDIC) information security program showed the program to be effective but warranting improvements, the agency’s Office of Inspector General (OIG) said in a report released Thursday. […]

1 2 3 … 184 »

Research papers on AI – including impact on financial stability, use for fraud – sought for symposium

October 7, 2024 0

Academic research papers on the use of artificial intelligence (AI) in banking and finance, including on topics such as the effect on financial stability and use for fraud, are being sought by the regulator of national banks for an economic [...]
Threshold will rise in 2025 for higher-priced mortgage loans subject to special appraisal requirements

October 4, 2024 0

The threshold will increase from $32,400 to $33,500 for higher-priced mortgage loans that are subject to special appraisal requirements, the federal banking and consumer financial protection agencies said Friday. The new threshold takes effect Jan. 1. According to the agencies [...]
Consumer loan, lease amounts with Regs Z, M protections to rise in 2025

October 4, 2024 0

Thresholds for consumer loan and lease amounts subject to certain protections of Regulation Z (Truth in Lending Act) and Regulation M (Consumer Leasing Act) will rise in 2025 from $69,500 to $71,900, federal agencies said Friday. The Consumer Financial Protection [...]