Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
An Oregon bank has agreed to pay a $275,000 civil money penalty (CMP) for placing telemarketing calls to consumers on the “Do-Not-Call” registry and using an automated dialing system to send pre-recorded or text messages […]
Four U.S. financial institution and capital markets regulators announced they have joined the Global Financial Innovation Network (GFIN), a global network of regulators and other organizations focused on financial innovation “in the interests of consumers.” […]
A final rule implementing last year’s statutory revisions on company-run stress testing – in this case, for state-chartered, nonmember banks and savings associations that are federally insured – is slated for publication in the Federal […]
Feedback on the consistency of ratings assigned by banking regulators under the Uniform Financial Institutions Rating System, or CAMELS ratings, was urged in a Financial Institution Letter issued Wednesday by the Federal Deposit Insurance Corp. […]
A new Enterprise File Exchange (EFX) module that allows federally insured banks to exchange examination-related documentation with the Federal Deposit Insurance Corp. (FDIC) and state banking authorities was announced Monday by the FDIC in a […]
Developments in credit scoring and underwriting, the status of the mortgage markets, and efforts to create sustainable bank accounts will be discussed by an advisory committee on economic inclusion, set for Tuesday (beginning at 8:45 […]
The only person currently on the board of the federal bank deposit insurance agency who was there during the financial crisis warned this week that the current roll-back of post-crisis rules, coupled with too little […]
Consistency of ratings assigned under the examination ratings system, as well as how regulators use the ratings generated from those exams in enforcement actions and bank applications, is the subject of a call for comment […]
How to modify current data reporting requirements regarding loans to small businesses and small farms to give a better picture of such lending is the focus of a request for comments issued jointly by federal […]
A plea of guilty to charges of conspiring to make false statements to a bank’s board were made by a former Illinois bank executive last week in the wake of the failure of the institution […]
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