Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
In a major setback for uniform reform of rules implementing anti-redlining laws, the federal insurer of bank deposits said Wednesday it was not ready to finalize a joint proposal on rewriting the rules, citing challenges […]
Federal bank and credit union regulators on Wednesday released a set of interagency lending principles to encourage institutions to offer responsible small-dollar loans to customers “for consumer and small business purposes,” noting the important role […]
Title: Assessments, Mitigating the Deposit Insurance Assessment Effect of Participation in the Paycheck Protection Program (PPP), the PPP Lending Facility, and the Money Market Mutual Fund Liquidity Facility Subject: Deposit insurance Agency: FDIC Status: Proposed […]
Treasury securities and deposits at Federal Reserve Banks may be excluded from the calculation of the supplementary leverage ratio calculation by banks and other depository institutions if they so choose, the federal banking agencies announced […]
Title: Regulatory Capital Rule: Temporary Exclusion of U.S. Treasury Securities and Deposits at Federal Reserve Banks from the Supplementary Leverage Ratio for Depository Institutions Subject: Supplementary leverage ratio, coronavirus response Agency: FDIC, Federal Reserve, OCC […]
Title: Regulatory Capital Rule: Revised Transition of the Current Expected Credit Losses Methodology for Allowances Subject: CECL, regulatory capital; coronavirus response Agency: FDIC, Federal Reserve, OCC Status: Interim final rule Summary: The Office of the […]
Testimony on the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) is set to be delivered during a Senate Banking Committee hearing Tuesday by Federal Reserve Board Chair Jerome H. (“Jay”) Powell and Treasury Secretary […]
A Texas man has been charged with filing phony applications seeking loans of up to $13 million under the Small Business Administration’s (SBA) Paycheck Protection Program (PPP) – at least the second case in which […]
Higher deposit insurance premiums will not be triggered by participation in some of the financial tools meant to help banks deal with the impact of the coronavirus crisis, under a proposal issued Tuesday by the […]
An interagency policy statement proposed last October on the interpretation and application of the accounting industry standard for the treatment of credit losses has been made final, along with interagency guidance on credit risk review […]
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