FDIC – Regulatory Report

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[ September 17, 2021 ] Recent OCC enforcements included $3M fine for GA bank over FHA violations OCC
[ September 17, 2021 ] Banks’ $8.1B in Q2 trading revenue lags previous quarter, year OCC
[ September 17, 2021 ] Report: millions of renters face ‘previously avoided’ economic harms as relief ends CFPB
[ September 16, 2021 ] Credit union regulator to consider another proposed rule on subordinated debt at monthly meeting NCUA
[ September 16, 2021 ] To combat rising online child sex exploitation, FinCEN issues new SAR filing instructions Other

Software firm, bank – among ‘world’s biggest’– named anchor investors in Mission-Driven Bank Fund to help low-income, minority communities

September 16, 2021 0

One of the largest software companies in the world has joined with one of the largest banks in the world as investor anchors in an initiative to support minority and low-income financial institutions, an effort […]

Wraps to be taken off ‘Mission-Driven Bank Fund,’ with anchor, founding investors revealed

September 15, 2021 0

A new fund aimed at facilitating capital investments in minority depository institution (MDI) and community development financial institution (CDFI) banks will be formally launched Thursday (Sept. 16), the federal insurer of bank deposits said Wednesday. […]

FDIC releases draft strategic plan for 2022-26; comments due Oct. 1

September 15, 2021 0

A draft strategic plan for 2022-26 was released for public comment, by Oct. 1, by the Federal Deposit Insurance Corp. (FDIC) Wednesday. The 34-page plan is required to be updated under federal law (the Government […]

1934-2020 historic bank data – suitable for analysis, developing benchmarks – now available, agency reports

September 15, 2021 0

Bank data for 2020 (calendar year) is now available and includes aggregate financial and structure variables on federally insured banks dating from 1934, the Federal Deposit Insurance Corp. (FDIC) said Wednesday. The agency said the […]

Oct. 5 webinar by FDIC focuses on consumer complaints management

September 14, 2021 0

A webinar for banks on consumer complaints management is slated Oct. 5 by the federal bank deposit insurer’s depositor and consumer protection division, according to a Financial Institution Letter issued Monday. The Federal Deposit Insurance […]

Reg relief detailed for banks affected by storm Fred

September 14, 2021 0

Regulatory relief measures aimed at facilitating disaster relief in areas of North Carolina affected by remnants of Tropical Storm Fred were outlined for banks and savings institutions Monday by the federal insurer of bank deposits. […]

Illinois man pleads guilty to selling buses ‘out of trust,’ defrauding banks

September 14, 2021 0

Reaping the profits from selling buses without paying off the loans that originally acquired the transports has earned an Illinois man three years in prison after admitting bank fraud, the federal insurer of bank deposits […]

Bank conditions by state in MY 2021 outlined in latest Profiles

September 13, 2021 0

Summaries of banking and economic conditions in each state, reflecting bank’s performance state by state at mid-year 2021, are now available from the Federal Deposit Insurance Corp. (FDIC), the agency said Monday. The FDIC State […]

Three teams named to lead tech sprint aimed to reach unbanked

September 13, 2021 0

Exploring new technologies and techniques to help banks meet the needs of unbanked consumers will be the task of three teams selected by the federal insurer of bank deposits, the agency said Monday. The Federal […]

Firms will provide ‘proofs of concept’ for RPP solutions

September 10, 2021 0

Developing “proofs of concept” for proposed technologies to help financial institutions draw more conclusions from their own data will be the initial aim for four companies chosen to participate in a technology prototyping competition hosted […]

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Recent OCC enforcements included $3M fine for GA bank over FHA violations

September 17, 2021 0

A $3 million civil money penalty was assessed against Cadence Bank, N.A., of Atlanta, Ga., in late August over findings that the bank engaged in violations of the Fair Housing Act (FHA) and its implementing rules, the Office of the [...]
Banks’ $8.1B in Q2 trading revenue lags previous quarter, year

September 17, 2021 0

U.S. commercial banks and savings associations reported $8.1 billion in trading revenue for the second quarter of 2021, down $2.4 billion, or 22.9%, from the first quarter and down $5.6 billion, or 40.9%, from a year earlier, the institutions’ federal [...]
Report: millions of renters face ‘previously avoided’ economic harms as relief ends

September 17, 2021 0

Millions of renters and their families may suffer previously avoided economic harms of the coronavirus crisis as federal and state relief programs end, the federal consumer financial protection agency warned in a report issued Friday. The Consumer Financial Protection Bureau [...]
Credit union regulator to consider another proposed rule on subordinated debt at monthly meeting

September 16, 2021 0

A proposed rule on subordinated debt will be on the agenda of the federal credit union regulator’s board when it meets Sept. 23, according to an agenda published Thursday by the agency. According to the agenda posted on its website, [...]