Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
Clarifying the interaction between an interim final rule issued last week, and legislation enacted last week, on delayed implementation of the current expected credit loss (CECL) accounting standard was the aim of a joint statement […]
Federal banking examiners will use tier 1 capital plus the appropriate allowance for loan and lease losses or the allowance for credit losses attributed to loans and leases (as applicable) for the denominator when calculating […]
Mitigating effects of the current expected credit loss (CECL) accounting standard for up to two years in banks’ regulatory capital standard is the aim of an interim final rule issued Friday by the federal banking […]
Two weeks have been added for conducting off-site supervisory and other activities by the federal bank deposit insurer, to April 12, the agency announced Friday, as it continues to deal with the impact on the […]
The banking agencies postponed a joint webinar initially set for 2 p.m. ET Friday dealing with troubled debt restructuring (TDR) in the context of working constructively with borrowers affected by the coronavirus crisis. The agencies […]
The chairman of the federal insurer of deposits in banks reiterated the safety of federally insured banks amid the coronavirus pandemic during Thursday’s meeting of the federal umbrella Financial Stability Oversight Council (FSOC). “I want […]
An agency of the Department of Homeland Security (DHS) has provided guidance that identifies financial service sector workers among a list of “critical infrastructure sector” workers who, during the coronavirus crisis, are needed to ensure […]
Banks, savings associations, and credit unions were urged in a statement by regulators Thursday to offer responsible small-dollar loans to consumers and small businesses in response to COVID-19, the illness caused by the novel coronavirus. […]
Financial institutions will not face any action for filing a call report after the due date of March 31, as long as the institution files the report within 30 days of the due date, the […]
Voluntary diversity assessments for banks and thrifts are due by May 31, an extended submission deadline, the federal insurer of bank deposits said Monday. In a financial institution letter (FIL-23-2020), the Federal Deposit Insurance Corp. […]
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