FDIC – Page 132 – Regulatory Report

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[ November 29, 2021 ] Powell sees debut of New York Innovation Center as avenue for further study of CBDCs The Fed
[ November 29, 2021 ] OCC plans CRA evals of 194 banks over next two quarters OCC
[ November 29, 2021 ] Maximum allowable consumer credit report fee set at $13.50 for 2022 under FCRA CFPB
[ November 29, 2021 ] Credit union regulator asks Congress to make permanent changes to liquidity fund (or a one-year extension, at least) NCUA
[ November 29, 2021 ] NCUA final rule on federal credit union ‘service facility’ kicks in Dec. 27 NCUA

Agencies propose CRA changes in line with new HMDA rules

September 13, 2017 0

Community Reinvestment Act (CRA) regulations would be amended to conform to changes made this summer by the CFPB to its Regulation C (Home Mortgage Disclosure Act) and set to take effect Jan. 1, under a […]

Agencies update CECL ‘frequently asked questions’

September 6, 2017 0

The new “current expected credit loss” (CECL) accounting standard is addressed in updated “frequently asked questions” (FAQs) issued by federal financial institution regulatory agencies, focusing on the methodology for estimating credit loss allowances and related […]

Letter outlines revised guidelines for appeals of material supervisory determinations

September 6, 2017 0

Revised guidelines for banks to use in appealing material supervisory determinations to the FDIC – which expand the circumstances for appeals and “enhance consistency” with procedures of other federal banking agencies — are outlined in […]

Predecessor’s ‘improper actions’ leads to $65 million fine for PA firm

January 24, 2017 0

A Pennsylvania real estate title company has been fined $65 million for “improper actions” by its predecessor company as a result of action by three federal financial institution regulatory agencies today. Service Link Holdings LLC, […]

Agencies finalize CRA thresholds

January 17, 2017 0

Adjustments to asset-size thresholds for Community Reinvestment Act (CRA) regulations are set with final rules issued — and effective — today by the three federal banking regulatory agencies. The Federal Reserve, OCC and FDIC have […]

Veteran of federal service takes Inspector General’s seat

January 10, 2017 0

Jay N. Lerner is the new inspector general for the FDIC, as of Jan. 9; he’s the former chief of staff and senior counsel at the Office of the Inspector General at the Department of […]

Streamlined call reports, CDFI certification changes outlined Monday

January 7, 2017 0

A streamlined call report for three federal financial institution regulatory agencies will debut in late March, and changes for the procedures of certifying community development financial institutions (CDFIs) are scheduled for publication in Monday’s Federal […]

CRA threshold increases to $1.2 billion

January 2, 2017 0

“Small banks” are defined as those with assets of less than $1.226 billion, and “intermediate small banks” (or savings associations) are defined as those with assets of at least $307 and less than $1.226 billion, […]

FDIC proposes recordkeeping rule

December 27, 2016 0

The scope of recordkeeping requirements of qualified financial contracts (QFC) for large financial institutions would be expanded under a proposed rule issued by the FDIC, with comments due by Feb. 27. The proposed expansion of […]

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Powell sees debut of New York Innovation Center as avenue for further study of CBDCs

November 29, 2021 0

Analysis of central bank digital currencies (CBDCs), and their uses, will be aided by the just-opened New York Innovation Center, the chair of the Federal Reserve said Monday in opening the new facility. Federal Reserve Board Chair Jerome H. (“Jay”) [...]
OCC plans CRA evals of 194 banks over next two quarters

November 29, 2021 0

Nearly 200 national banks and federal savings associations are expected to receive evaluations under the anti-redlining Community Reinvestment Act (CRA) during the first and second quarters of 2022, according to the schedule released Monday by the Office of the Comptroller [...]
Maximum allowable consumer credit report fee set at $13.50 for 2022 under FCRA

November 29, 2021 0

A 50-cent increase in the maximum allowable fee that a nationwide consumer reporting agency or nationwide specialty consumer reporting agency can charge consumers for their credit reports will raise next year’s fee maximum to $13.50, according to the Consumer Financial [...]
Credit union regulator asks Congress to make permanent changes to liquidity fund (or a one-year extension, at least)

November 29, 2021 0

Congress should make permanent to the fund that backs up credit union liquidity temporary enhancements that were made in response to the coronavirus crisis, the members of the federal credit union regulator board wrote Monday. However, if the changes cannot [...]
NCUA final rule on federal credit union ‘service facility’ kicks in Dec. 27

November 29, 2021 0

A final rule that broadens the definition of a federal credit union (FCU) “service facility” in connection with the addition of groups to the institution’s field of membership is scheduled to take effect Dec. 27, according to a recent Federal [...]
Fed insurance policy group pared to seven members in 2022

November 29, 2021 0

Seven members, six of them new, will begin three-year terms on the Federal Reserve’s Insurance Policy Advisory Committee (IPAC) beginning in 2022, the Fed said in a recent announcement. That committee of seven is sharply reduced from the current panel, [...]