Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
A bank that the federal bank deposit insurer said violated Federal Trade Commission (FTC) Act and Real Estate Settlement Procedures Act (RESPA) rules was assessed a $500,000 civil money penalty (CMP) in March, the Federal […]
Five new members of the community banking advisory committee to the federal bank deposit insurance agency were named Friday by the organization, which also said the group will attend its first meeting May 2. The […]
Neither of two competing proposals for changes to the federal bank deposit insurer’s rules implementing the Bank Control Act (BCA) were adopted Thursday by the agency’s board after sponsors of the two proposals withdrew them, […]
The federal bank deposit insurer’s Deposit Insurance Fund (DIF) reserve ratio grew from 1.11% June 2023 to 1.15% in December and remains on track to return to its statutory minimum of 1.35% before its statutory […]
Four bankers have been named to the minority depository institutions (MDI) panel that provides feedback to the Federal Deposit Insurance Corp. (FDIC) on how the agency fulfills its statutory goals to support MDIs, the FDIC […]
An update on the agency’s Deposit Insurance Fund (DIF) restoration plan and proposals related to the Change in Bank Control Act are the two discussion items on tap for Thursday’s open meeting of the Federal […]
Public comments on the federal bank deposit insuring agency’s proposed statement of policy on bank merger transactions are due June 18, according to a notice in Friday’s Federal Register. The proposed statement, issued March 21 […]
Challenges faced by the federal bank deposit insurance agency in its supervisory processes and the feedback received from regional ombudsmen and bankers are outlined in the agency ombudsman’s annual report, issued Thursday. The 2023 report […]
A coordination exercise of cross-border resolution planning among regulators and supervisors from the U.S., the United Kingdom (UK) and the European Banking Union (EBU) is set for Saturday, the federal bank deposit insurance agency said […]
The federal bank deposit insurer’s Advisory Committee on Community Banking is set to meet publicly May 2 on issues of interest to community banks, according to a notice in Tuesday’s Federal Register. The Federal Deposit […]
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