Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
Additional revisions to the Volcker Rule – which generally prohibits banking entities from engaging in proprietary trading or investing – will be considered as proposed rules in separate meetings next week by the boards of […]
A criminal fine, restitution and jail time were ordered for a Minnesota real estate company, its owner, and its accountant for their part in a long-running fraudulent bidding and kickback scheme in connection with foreclosed […]
A final rule adopted last November that implements a standardized approach for measuring counterparty credit risk (SA-CCR), and which begins taking effect April 1, is slated for publication Friday in the Federal Register. The rule […]
Forty percent of the seats to be filled for federal financial institution regulatory leadership were addressed last week when the White House announced the president’s intention to nominate two to the Federal Reserve Board – […]
The rescission and removal of three transferred regulations of the former Office of Thrift Supervision (OTS) will be final 30 days after publication of final rules in the Federal Register, which is slated Tuesday. The […]
Federally supervised banking organizations were warned Thursday of heightened cybersecurity risk amid current global tensions in a joint statement by two federal banking regulators. “The Department of Homeland Security has indicated there is heightened risk […]
Updates to modules on banking and credit in the Money Smart for Small Business curriculum were released Thursday by the Federal Deposit Insurance Corp. (FDIC) and Small Business Administration (SBA), the bank deposit insurer announced. […]
The leader of a five-year information technology modernization plan has been named the new chief information officer (CIO) for the federal insurer of bank deposits, the agency said Thursday. Sylvia Burns, who joined the Federal […]
Federally supervised banking organizations are due to have their fourth-quarter call reports in to their federal regulatory agencies no later than Jan. 30 – except those with more than one foreign office (not counting “shell” […]
Two federal financial regulators were ranked in the upper echelons of “best places to work” in the latest rankings released Thursday – while a third continued to languish in the lowest level. The Federal Deposit […]
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