Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
Work on a “new direction” for the federal bank deposit insurer will begin on Jan. 20, the likely next acting chairman of the agency’s board said Friday, including a lesser focus on process, an “open-minded […]
Once again, federal banking agencies said no action will be taken against banks or other firms that sponsor, manage, or advise investment funds and institutional accounts that become principal shareholders of banks. The agencies made […]
Harassment was either experienced or personally witnessed by more than one-third of employees of the federal bank deposit insurance agency who responded to a survey, according to an agency report Thursday that is the first […]
New asset-size thresholds for anti-redlining regulation compliance for small bank and intermediate small bank were announced Thursday by the Federal Reserve and Federal Deposit Insurance Corp. (FDIC). In releases, the two agencies said the 2.91% […]
A budget of just more than $3 billion– 2.2% higher than the previous year – was approved for 2025 Tuesday by the board of the federal insurer of bank deposits, meeting in open session in […]
Data on small business, small farm, and community development lending during 2023 was made public Monday by the three federal banking agencies, showing a decrease in lending activity driven by higher interest rates and tighter […]
Net income was down 8.6% at the nation’s banks in the third quarter, but that decrease came mostly from one-time gains on equity security transactions reported in the previous quarter, according to the federal insurer […]
Comments from the public on certain federal banking rules and regulations that are under review now, with regulators focusing on whether they are outdated or unnecessary, are due to regulators by March 11, according to […]
The agency’s 2025 operating budget and two policy “discussion drafts” will be taken up by the Federal Deposit Insurance Corp. (FDIC) Board during its open meeting next Thursday, according to a notice announced late Tuesday. […]
Examples of risk management and other practices that may be effective in combatting elder financial exploitation were issued in a joint statement Wednesday by the five federal financial institution regulators, state regulators and the federal […]
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