FDIC – Regulatory Report

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[ May 24, 2019 ] FinCEN’s new Innovation Hours Program will facilitate demos of tech products, services to enhance BSA/AML efforts Other
[ May 24, 2019 ] Large banks would be ‘comfortable’ with 40% less reserve balances, survey finds The Fed
[ May 23, 2019 ] Three in four say they are ‘doing OK’ financially, Fed survey results find – but financial distress still exists The Fed
[ May 23, 2019 ] Federal savings associations with $20 billion or less prior to 2018 can elect to operate as ‘covered’ institutions under OCC rule OCC
[ May 23, 2019 ] OCC advisory panel on minority institutions meets June 12 in Dallas OCC

FDIC resolves lawsuit brought by payday lenders over termination of bank accounts

May 22, 2019 0

A case involving payday lenders and access to bank accounts has been resolved with the Federal Deposit Insurance Corp. (FDIC) agreeing to take certain actions, the agency said Wednesday. In a release, the FDIC said […]

Agencies bring forward proposal, comment request, on reg capital requirements for mid-sized holding companies of FBOs

May 21, 2019 0

A proposal to determine the application of regulatory capital requirements for intermediate-sized holding companies of foreign banking organizations (FBOs) is set to be published Friday by the federal banking agencies. Comments will be due June […]

Regulators schedule webinar on new flood insurance coverage rule, which takes effect July 1

May 20, 2019 0

A webinar focusing on the interagency final rule on private flood insurance issued in February, and which goes into effect July 1, is scheduled June 18 by the federal insurer of bank deposits; the event […]

Letter outlines proposed changes to call report that implement new community bank leverage ratio

May 6, 2019 0

Banks and thrifts began receiving Monday a “financial institution letter” (FIL) outlining proposed changes to call reports which introduce a new community bank leverage ratio (CBLR) schedule, the federal insurer of bank deposit said. The […]

Bank deposit insurer terminates 3 receiverships in CA, IL; another in NM slated to end

May 3, 2019 0

Three bank receiverships were terminated May 1 by the Federal Deposit Insurance Corp. (FDIC), according to filings with the Federal Register, and a fourth is set to be terminated in the future. The receiverships terminated […]

8 banks rated ‘outstanding,’ 2 ‘needs to improve’ in latest CRA round, FDIC says

May 3, 2019 0

Seventy-seven of the 87 banks given Community Reinvestment Act (CRA) ratings in February – or 88.5% of the total rated – earned the “satisfactory” rating, according to the list released Friday by the Federal Deposit […]

FDIC renews charter for systemic resolution advisory panel

May 1, 2019 0

The charter for a committee that advises the federal bank deposit insurer on matters related to the resolution of systemically important financial companies was renewed Monday, according to a notice filed with the Federal Register. […]

Guilty plea entered in scheme that defrauded MD bank, sparked losses of $3.5 million

April 30, 2019 0

A bank fraud that resulted in losses of more than $3.5 million to a Maryland bank was admitted to by a New Jersey man late last week as a result of an investigation that included […]

2 CMPs, prohibition order among March enforcement actions by FDIC

April 30, 2019 0

Two civil money penalty (CMP) assessments, one of them including a prohibition order against a person formerly affiliated with a bank in receivership, were among the 13 enforcement orders released in March by the Federal […]

In Senate hearing, bank lobbyist urges ‘rethinking’ of regulators’ CAMELS rating system

April 30, 2019 0

The bank rating system used by federal financial institution regulators should be “rethought entirely” to emphasize benefits of objective standards over subjective ones, the head of an influential bank lobbying organization will tell a Senate […]

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FinCEN’s new Innovation Hours Program will facilitate demos of tech products, services to enhance BSA/AML efforts

May 24, 2019 0

Treasury’s financial crimes unit on Friday announced a new program that will allow financial institutions, technology providers, and other firms involved in financial services the chance to present new, emerging innovative products and services and approaches designed to enhance anti-money [...]
Large banks would be ‘comfortable’ with 40% less reserve balances, survey finds

May 24, 2019 0

Large banks believe they could be holding much lower reserve balances – about 40% less – than they are holding now, largely because of the continued low-interest-rate environment, according to the results of a survey of senior financial officers released [...]
Three in four say they are ‘doing OK’ financially, Fed survey results find – but financial distress still exists

May 23, 2019 0

Three in four U.S. adults said in 2018 that, financially at least, they were “doing OK” or “living comfortably” – up 12 percentage points from 2013 – according to the results of a survey released Thursday by the Federal Reserve. [...]
Federal savings associations with $20 billion or less prior to 2018 can elect to operate as ‘covered’ institutions under OCC rule

May 23, 2019 0

Federal savings associations (FSAs) that had total consolidated assets of $20 billion or less as of Dec. 31, 2017, can elect to operate as “covered” savings associations and enjoy the same rights and privileges as a national bank under a [...]
OCC advisory panel on minority institutions meets June 12 in Dallas

May 23, 2019 0

A public meeting of the panel that advises the Office of the Comptroller of the Currency (OCC) on issues affecting minority depository institutions is set for 1 p.m. Central time in Dallas, the OCC announced Thursday. The Minority Depository Institutions [...]
Fed plans test operation of term deposit facility next week; ‘no implications for monetary policy’

May 23, 2019 0

One operation this month of the Term Deposit Facility (TDF) will be tested by the Federal Reserve, with the aim of ensuring its operational readiness and providing the institutions that may use it some degree of familiarity, the agency said [...]
More public unit and nonmember shares would be OK for credit unions under NCUA proposed rule

May 23, 2019 0

The basis for measuring the regulatory limit on nonmember and public unit shares that federally insured credit unions (FICUs) may hold would change – in many cases increasing the dollar amount that could be held – under a proposed rule [...]
Aids for credit union chartering, identifying low-income areas for service focus of CURE office at NCUA

May 23, 2019 0

The federal agency that charters and regulates federal credit unions says it’s planning to offer more resources for credit unions to identify low-income areas they might serve, and information for those seeking to charter a new credit union, through its [...]