Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
Banks are encouraged to work with struggling borrowers having difficulties because of wildfires and straight-line winds in areas of Oregon and can receive Community Reinvestment Act (CRA) credit for certain activities there, the Federal Deposit […]
Credit unions were encouraged by their federal regulator Friday to sign up for a BSA Coalition webinar slated next Thursday on potential regulatory changes and “status of initiatives in 2020.” The BSA Coalition describes itself […]
Lender underwriting should look back to a borrower’s pre-pandemic condition and forward to post-pandemic condition, according to revised frequently asked questions (FAQs) addressing the Main Street Lending Program issued Friday by the Federal Reserve. In […]
Questions concerning the U.S. banking sector will be addressed by teams of university and college students during the inaugural Academic Challenge, launched by the federal insurer of bank deposits to promote banking and connections to […]
Survey results of bank branch office deposits for all federally insured institutions as of mid-year 2020 are now available, the federal insurer of bank deposits said Friday. The annual survey, published in the Summary of […]
A Federal Deposit Insurance Corp. (FDIC) advisory panel on systemic resolution matters, and which last met in December 2018, is scheduled to hold an open meeting this Oct. 1 to discuss issues and developments related […]
Assessment rates will remain unchanged for institutions insured by the federal bank deposit insurance fund under a restoration plan adopted Tuesday for the agency’s insurance fund, which has been diluted by the massive influx of […]
Credit unions and banks along the Gulf Coast in the path of the new Hurricane Sally both received guidance from their respective federal regulators Monday. The National Credit Union Administration (NCUA) warned credit unions in […]
A criminal complaint unsealed Thursday charges two New York brothers for allegedly conspiring and submitting at least eight applications for nearly $7 million in forgivable Paycheck Protection Program (PPP) loans guaranteed by the Small Business […]
The Federal Deposit Insurance Corp. (FDIC) on Sept. 1 terminated its receiverships of three banks that were closed from 2009 to 2011, according to a Federal Register notice Wednesday. The agency ended its receiverships of […]
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