Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
A briefing on the restoration plan for the fund insuring bank deposits is one of two items on the agenda for a meeting next week of the board of the insurance agency. The Federal Deposit […]
Regulatory relief for banks in areas of Louisiana affected by severe storms, tornadoes, and flooding last month was announced Thursday in a Federal Deposit Insurance Corp. (FDIC) Financial Institution Letter (FIL). The FDIC said it […]
Fintech as an enhancement for “inclusive consumer banking” is among the agenda topics for a conference scheduled for late this month by the federal insurer of bank deposits. Titled “Fintech: A Bridge to Economic Inclusion” […]
A reminder of the approaching deadline for papers to be presented at the 20th Annual Bank Research Conference – which still may be held virtually depending on safety amid the COVID-29 pandemic – was issued […]
Out of 86 banks whose Community Reinvestment Act (CRA) ratings bestowed in March, one was deemed “needs to improve” and four were “outstanding” for their efforts under the anti-redlining statute, according to the Federal Deposit […]
Use of alternative data at financial institutions, particularly with banks that have third-party relationships with financial technology (fintech) lenders, should be the focus of collaboration among federal financial institution regulators – with a focus on […]
Submissions are due by July 31 for summary of branch office deposits submissions, the annual survey of deposits for banks with branch offices, including insured foreign banks; no filing extensions are granted, the federal insurer […]
Flexibility to work with borrowers affected by severe storms in West Virginia from Feb. 27 through March 4 is among the relief measures the federal bank deposit insurer is offering to banks to help facilitate […]
The federal bank deposit insurer’s third- and fourth-quarter schedules for evaluations of banks’ Community Reinvestment Act (CRA) efforts include a total of 387 banks throughout the agency’s six regions. The lists, released Friday by the […]
Violations of federal flood insurance requirements will cost a San Francisco-based bank $281,000 for failing to tell a borrower it needed the insurance for property it was purchasing through a loan from the bank, the […]
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