Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
Approval requirements for issuing payment stablecoins by banks and their subsidiaries will be a proposal considered Dec. 16 by the board of the federal bank deposit insurance agency, it said Friday. The agenda for the […]
A letter alerting banks to call report revisions that are entering their final phase of review by the Office of Management and Budget (OMB) was issued Friday by the Federal Deposit Insurance Corp. (FDIC). The […]
A new credit union will soon be offering financial services – including mortgages and home equity loans — to its membership in the Bay Area of California, its federal regulator said Monday. The charter for […]
Three banks earned ratings of “outstanding” for their compliance with anti-redlining rules in results of examinations in September, the federal bank deposit insurance agency said Friday. However, three other banks earned ratings of “needs improvement” […]
Recission of guidance issued 12 years ago on leveraged lending was announced Friday by two federal banking regulators, who called it “overly restrictive” and impeding banks’ “risk management principles that guide their other business decisions,” […]
Conspiring to delete databases used to store U.S. government information are the charges faced by two Virginia men who had served as federal contractors, federal banking regulators and prosecutors said Wednesday. According to the Federal […]
Sources of regulatory reporting burden for banks that file call reports are being sought by the federal banking agencies, they said in joint communications Monday, in an effort aimed at streamlining the quarterly reports. “This […]
Prohibitions were ordered against or agreed to by four workers of Truist Bank in Charlotte, N.C., in October for misappropriating funds related to coronavirus crisis loan programs, and for cashing bogus checks, the federal bank […]
A 2% designated reserve ratio (DRR) will continue in 2026 for the Deposit Insurance Fund (DIF for banks, the federal bank deposit insurer said Tuesday. According to a Federal Deposit Insurance Corp. (FDIC) staff memo […]
Insured depository institutions (IDIs) have an additional 21 months to comply with a rule requiring the display of the Federal Deposit Insurance Corp. (FDIC) official sign on their digital deposit-taking channels, according to an agency […]
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