FDIC – Regulatory Report

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[ May 18, 2022 ] Compliance guide hopes to simplify for small entities new rule on deposit insurance for trust, mortgage service accounts FDIC
[ May 18, 2022 ] Regulators’ July 14 virtual public meeting eyes acquisition of San Francisco bank, holding company OCC
[ May 18, 2022 ] Joint hearing will consider proposed acquisition of Tennessee bank by Canadian institution OCC
[ May 18, 2022 ] FDIC names two veteran staffers to oversee, manage insurance fund, research, financial operations FDIC
[ May 18, 2022 ] Hawaiian tapped to join MDI advisory group, with meeting set for May 23 FDIC

Compliance guide hopes to simplify for small entities new rule on deposit insurance for trust, mortgage service accounts

May 18, 2022 0

A compliance guide related to a rule designed to simplify federal bank deposit insurance rules for trust and mortgage service accounts at small entities was released Wednesday by the federal agency that provides the insurance. […]

FDIC names two veteran staffers to oversee, manage insurance fund, research, financial operations

May 18, 2022 0

A new manager of the $123 billion fund that insures bank deposits and a new leader for the corporate financial operations of the agency that houses the fund were announced Wednesday. Patrick Mitchell will serve […]

Hawaiian tapped to join MDI advisory group, with meeting set for May 23

May 18, 2022 0

A Hawaiian banker is joining the minority depository institution advisory panel for the federal insurer of bank deposits, the agency said Wednesday. Russell Lau, chairman and chief executive officer of Finance Factors Ltd. in Honolulu, […]

CFPB

FDIC final rule implements agency’s statutory authority to bar misrepresentations about deposit insurance

May 17, 2022 0

A final rule prohibiting any person or organization from making misrepresentations about federal bank deposit insurance or misusing the insurer’s name or logo was approved Tuesday by the Federal Deposit Insurance Corp. (FDIC). The final […]

Agency restores SARC for supervisory appeals, kicking to curb 2021 ‘Supervision Appeals Review Committee’

May 17, 2022 0

The final level of review in the federal insurer of bank deposits supervisory appeals process is restored – as it was before last year – to an independent intra-agency appeals process to review material supervisory […]

Agencies finally release revised flood insurance Q&As, including 144 new, updated ones

May 12, 2022 0

Federal flood insurance law and federal regulators’ implementing rules are the topic of revised questions and answers (Q&As) released late Wednesday by federal financial institution regulators and the Farm Credit Administration (FCA). According to the […]

Final rule on false advertising, misrepresentation, misuse of deposit insurer’s logo up for consideration

May 11, 2022 0

A final rule on false advertising, misrepresentation of insured status, and misuse of the logo of the federal insurer of bank deposits is up for consideration at a meeting of the agency’s board May 17 […]

Agency deploys reg relief for banks affected by NM wildfires

May 9, 2022 0

Banking institutions operating in areas of New Mexico affected by wildfires ad straight-line winds can avail themselves of some specific regulatory relief measures announced Monday by the Federal Deposit Insurance Corp. (FDIC) in a Financial Institution […]

Proposed CRA update detailed during ‘Ask the Regulators’ webinar May 11

May 6, 2022 0

Regulators will discuss their jointly proposed Community Reinvestment Act (CRA) rules update plus answer questions during a public webinar May 11, according to a message Friday from the federal insurer of bank deposits. The May […]

Banking regulators’ new CRA proposal out for comment until Aug. 5

May 5, 2022 0

A new proposed rule to update banks’ requirements under the anti-redlining Community Reinvestment Act (CRA) was issued jointly Thursday by the three federal banking regulatory agencies. Issuance of the proposed rule, out for a 90-day […]

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Compliance guide hopes to simplify for small entities new rule on deposit insurance for trust, mortgage service accounts

May 18, 2022 0

A compliance guide related to a rule designed to simplify federal bank deposit insurance rules for trust and mortgage service accounts at small entities was released Wednesday by the federal agency that provides the insurance. The rule, which takes effect [...]
Regulators’ July 14 virtual public meeting eyes acquisition of San Francisco bank, holding company

May 18, 2022 0

A joint public meeting on a proposal by Bank of Montreal, Montreal, Canada, and BMO Harris Bank National Association, Chicago, Ill., to acquire BancWest Holding Inc. and Bank of the West, both of San Francisco, Calif., is slated for 11 [...]
Joint hearing will consider proposed acquisition of Tennessee bank by Canadian institution

May 18, 2022 0

The acquisition of a Tennessee bank by a Toronto institution will be the subject of a virtual joint hearing Aug. 28 by the regulator of national banks and the Federal Reserve, the agencies said Tuesday. In a release, the Fed [...]
FDIC names two veteran staffers to oversee, manage insurance fund, research, financial operations

May 18, 2022 0

A new manager of the $123 billion fund that insures bank deposits and a new leader for the corporate financial operations of the agency that houses the fund were announced Wednesday. Patrick Mitchell will serve as director of the Division [...]
Hawaiian tapped to join MDI advisory group, with meeting set for May 23

May 18, 2022 0

A Hawaiian banker is joining the minority depository institution advisory panel for the federal insurer of bank deposits, the agency said Wednesday. Russell Lau, chairman and chief executive officer of Finance Factors Ltd. in Honolulu, was named to the Minority [...]