FDIC – Regulatory Report

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[ June 11, 2025 ] ‘Proper contract oversight’ thwarted by agency’s lack of compliance with own policies during failure of three banks, report asserts FDIC
[ June 10, 2025 ] UPDATED: McKernan nominated to head Treasury domestic finance office; CFPB director nomination withdrawn Other
[ June 9, 2025 ] Bowman sworn in as Fed’s top supervision official The Fed
[ June 9, 2025 ] Comptroller rejects demand by state regulators to jettison rules pre-empting state consumer financial laws OCC
[ June 6, 2025 ] Newly confirmed top Fed supervisor outlines principles, key areas of focus (including capital reform) The Fed

‘Proper contract oversight’ thwarted by agency’s lack of compliance with own policies during failure of three banks, report asserts

June 11, 2025 0

Lack of compliance with some of the federal bank deposit insurance agency’s acquisition policies and procedures thwarted its ability to ensure proper contract oversight management during the failure of three large regional banks in 2023, […]

1 bank rated ‘needs to improve’ under CRA, FDIC reports

June 6, 2025 0

One bank was rated “needs to improve” and two were rated “outstanding” for their performance under the federal anti-redlining Community Reinvestment Act (CRA), the federal bank deposit insurer said in releasing its March ratings. The […]

Bucking other recent reports, FSOC groups find ‘stabilization’ among CRE sectors

June 5, 2025 0

“Stabilization” among commercial real estate (CRE) sectors was noted in a joint regulators’ presentation at the meeting of the Financial Stability Oversight Council (FSOC) Wednesday, according to a readout issued late that day by the […]

Impaired capital, not necessarily fraud, tagged as cause for Chicago bank’s failure – first in 2025

June 3, 2025 0

Impaired capital, not necessarily fraud, was behind the failure of a Chicago bank early this year – the first bank to fail in 2025 – the inspector general for the national bank deposit insurance agency […]

FDIC deploys disaster response in 7 states affected by storms, flooding, more

June 3, 2025 0

Banks’ federal deposit insurer on Monday announced disaster-related regulatory relief available for banks serving communities in seven states hit from March through May by a range of weather and related disaster conditions. The Federal Deposit […]

Despite realizing $2.76 billion in monetary recoveries, agency watchdog loses 17 staff to buyouts, retirements

June 2, 2025 0

More than $2.76 billion in fines, restitution ordered, and other monetary recoveries were realized by the federal bank deposit insurance agency’s efforts in the six-month period of Oct. 1 of last year to March 31, […]

Head of FDIC insurance fund risk monitoring retires

June 2, 2025 0

The head of the agency’s insurance and research division is retiring after 15 years with the agency, according to an announcement Friday, that named no successor. The Federal Deposit Insurance Corp. (FDIC) said Patrick Mitchell, […]

Three former bank workers slapped with prohibitions after alleged fraud, exploiting elders

May 30, 2025 0

Three bank workers were prohibited from further employment by financial institutions under orders issued in April by the federal bank deposit insurance agency, it said Friday. According to the Federal Deposit Insurance Corp. (FDIC), those […]

FDIC: 359 banks slated for CRA evaluations in second half of 2025

May 30, 2025 0

The federal bank deposit insurer is slated to evaluate 359 banks under the federal anti-redlining statute, the Community Reinvestment Act (CRA), over the third and fourth quarters of this year, the agency’s published schedules show. […]

Banks see uptick in ROA for first quarter ’25; CRE continues to show some signs of weakness

May 28, 2025 0

Banks reported a return on assets (ROA) of 1.16% in the first quarter of the year, the federal bank deposit insurance agency said Wednesday, the highest quarterly level among the last three. According to the […]

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‘Proper contract oversight’ thwarted by agency’s lack of compliance with own policies during failure of three banks, report asserts

June 11, 2025 0

Lack of compliance with some of the federal bank deposit insurance agency’s acquisition policies and procedures thwarted its ability to ensure proper contract oversight management during the failure of three large regional banks in 2023, according to a report by [...]
UPDATED: McKernan nominated to head Treasury domestic finance office; CFPB director nomination withdrawn

June 10, 2025 0

Jonathan McKernan, previously nominated to be director of the Consumer Financial Protection Bureau (CFPB), is now instead nominated to succeed former Treasury Under Secretary for Domestic Finance Nellie Liang, who reportedly resigned from the post early this year. Treasury’s domestic [...]
Bowman sworn in as Fed’s top supervision official

June 9, 2025 0

Federal Reserve Board Gov. Michelle W. Bowman was sworn in Monday as the board’s vice chair for supervision, with Fed Chair Jerome H. (“Jay”) Powell administering the oath of office, the Fed announced. Bowman was nominated to the post in [...]
Comptroller rejects demand by state regulators to jettison rules pre-empting state consumer financial laws

June 9, 2025 0

A demand to jettison regulations that pre-empt state consumer financial laws was denied Monday by the national bank regulator, who told a group of state supervisors that the national rule is compliant with federal law and Supreme Court precedent, the [...]