Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
An increase in maximum civil money penalties (CMPs), including of up to more than $2 million in the top tier, up from about $1.9 million – will be published by the Federal Deposit Insurance Corp. (FDIC) […]
Title: Thresholds Increase for the Major Assets Prohibition of the Depository Institution Management Interlocks Act Rules Subject: Interlocks Agency: FDIC, Federal Reserve, OCC Status: Final rule Summary: The OCC, the Board, and the FDIC (collectively, […]
The asset threshold of a prohibition on management officials of banks serving as officials of unaffiliated institutions would be increased to $10 billion – from the current $2.5 billion – under a proposal to be […]
Title: Loans in Areas Having Special Flood Hazards Subject: Flood insurance Agency: FDIC, Federal Reserve, NCUA, OCC (FCA) Status: Final rule Summary: The Office of the Comptroller of the Currency (OCC), the Board of Governors […]
Final rules requiring financial institutions to accept flood insurance policies that meet the statutory definition of “private flood insurance” – and to allow financial institutions to exercise their own discretion in accepting other plans, including […]
A 2018 review of large syndicated bank loans showed a decline in portfolio risk due to improving conditions in most sectors, but the dollar volume of loans rated lower than “pass,” as a percentage of […]
Flood insurance violations at two banks led to civil money penalties (CMPs) totaling more than $20,000 between them, according to enforcement actions for December released Friday by the federal insurer of bank deposits. The report […]
There’s been no word yet, as of press time, from the Consumer Financial Protection Bureau (CFPB) on future plans for its payday lending rule, but the Federal Deposit Insurance Corp. (FDIC) website shows 60 letters […]
A handful of final rules were announced in recent weeks by federal financial regulators to update thresholds for 2019 mortgage data collection, escrow requirements for high-cost mortgages, consumer loan and lease disclosures, and civil money […]
With six director openings across three federal financial institution regulators – and with a seventh set to open late this summer – there’s much nomination and confirmation work ahead for the administration of President Donald […]
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