Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
The Senate Banking Committee Tuesday postponed its Thursday hearing featuring leaders from the three federal banking agencies and the federal credit union regulator. No reason was given for the postponement, and no new date was […]
Five policies and practices aimed to clarify use of supervisory guidance were issued in a joint statement Tuesday by the five federal financial institution regulatory agencies, which the agencies said were meant to clarify that […]
The House Financial Services Committee is set to begin mark-up Thursday of 14 pieces of legislation that range in focus from, among other things, Federal Reserve operations and monetary policy (for example, removing employment from […]
The San Francisco region of the Federal Deposit Insurance Corp. (FDIC) is hosting a teleconference for bankers from 1-2:30 p.m. (Pacific Time) next Tuesday (Sept. 18) to discuss updates related to consumer compliance and the […]
In a perhaps unintended irony, the federal insurer of deposits in banks has proposed “retiring” to an inactive status certain nearly 400 “Financial Institution Letters” – in another Financial Institution Letter (FIL). The Federal Deposit […]
As the tenth anniversary approaches of the failure of a huge Wall Street investment bank – considered by many the advent of the financial crisis – participants and observers of that event are speaking out […]
Questions about rulemaking under the recently enacted regulatory relief law – with the first hearing set to feature appointees to the four bank and credit union agencies by the current president – will get at […]
The 30-day extension of the comment period on proposed changes to the “Volcker Rule” was made by federal banking and trading markets regulators after commenters – in three letters in particular – suggested doing so […]
The federal bank deposit insurance agency on Sept. 1 terminated its receiverships of six banks, having “fulfilled its obligations and made all dividend distributions required by law,” according to a notice filed with the Federal […]
A California was sentenced to nearly five years in prison – and ordered to pay more than $5 million in restitution — for fraudulently obtaining more than $11 million in bank loans to by a […]
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