Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
Resolution plans for large banks will no longer require the institutions to use a bridge bank strategy and a hypothetical failure scenario in the plan, the federal insurer of bank deposits said Friday. In a […]
Certain appraisal requirements for real estate-related transactions are temporarily paused to help facilitate recovery efforts in areas affected by the Los Angeles County wildfires earlier this year, the three federal banking agencies and the federal […]
Electronic communications for supervisory correspondence is now the permanent, preferred method for the federal bank deposit insurance agency, it said Tuesday. In March 2020, the Federal Deposit Insurance Corp. (FDIC) began using electronic communications from […]
A former banker has been charged for engaging in a nearly $2 million check kiting fraud scheme at an East St. Louis, Ill., bank, the inspector general for the federal bank deposit insurance agency said […]
Updated “frequently asked questions” (FAQs) about bank resolution plan submissions are in the offing by the federal bank deposit insurance agency, its acting board chairman said Tuesday. In public remarks to a conference of the […]
Two banks earned ratings of “needs improvement,” and three others scores of “outstanding” — out of 61 total banks — for their compliance with anti-redlining regulations, the federal bank deposit insurance agency said Friday in […]
Call reports for the first quarter – which contain no new data items – are due from banks in most cases by April 30, the federal banking agencies said Wednesday. However, the agencies advised in […]
The regulation implementing anti-redlining laws will change for a third time in the last six years, according to the federal banking regulators who have agreed to rescind the latest changes adopted in 2023, the agencies […]
Banks may “engage in permissible crypto-related activities” without receiving prior approval from the federal bank deposit insurance agency, it said in a financial institution letter (FIL) issued Friday. The guidance provided by the Federal Deposit […]
The “contours of changes” to the federal bank deposit insurance agency “remain unclear” resulting from the series of executive orders from the Trump administration aiming to reduce government size, the agency’s inspector general said in […]
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