Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
The Federal Deposit Insurance Corp. (FDIC) and Operation HOPE Inc. on Monday announced a collaboration arrangement on financial education that includes resource sharing to educate minority- and/or women-owned businesses on how to compete for business […]
A final rule aimed at simplifying deposit insurance coverage for deposits held in connection with revocable and irrevocable trusts was approved Friday by the Federal Deposit Insurance Corp. (FDIC) Board, the agency announced. The rule, […]
Effective processes to acquire, analyze, disseminate, and use relevant and actionable threat information to guide the supervision of financial institutions were not established by the federal insurer of bank deposits, according to an audit report […]
Banks serving areas affected by the severe storms and straight-line winds and tornadoes in Tennessee the first half of December are being extended regulatory relief, including the prospect of Community Reinvestment Act (CRA) consideration, by […]
Apparently one of the last engagements of the soon-to-be-former (as of Feb. 4) chairman of the federal bank deposit insurance fund board will be to participate in a diversity roundtable set for next week. In […]
Four of the five federal financial institution regulators have been urged to take actions – ranging in number from one to five – to better protect the personally identifiable information (PII) they collect use, and […]
A set of regulatory relief measures has been deployed by the federal bank deposit insurer for financial institutions in areas of Washington affected by flooding and mudslides in November, according to a Financial Institution Letter […]
Measuring the effectiveness of digital identity proofing – the process used to collect, validate, and verify information about a person – is the aim of a “tech sprint” announced late Tuesday by the federal bank […]
Title: Unsafe and Unsound Banking Practices: Brokered Deposits Subject: Brokered deposits; primary purpose exception Agency: FDIC Status: Notification Summary: The FDIC is identifying an additional business relationship, or “designated exception,” that meets the “primary purpose” […]
An additional business relationship – or “designated exception” – that meets the primary purpose exception to the deposit broker definition has been identified by the federal bank deposit insurance agency and applicable as of Dec. […]
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