FDIC – Page 175 – Regulatory Report

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[ April 29, 2024 ] Improvements noted in medical bills included in credit reports – but not so much in the South, bureau asserts CFPB
[ April 29, 2024 ] PA bank’s failure Friday could cost FDIC fund $667 million, agency says FDIC
[ April 26, 2024 ] WA bank fined $500k over FTC Act, RESPA violations FDIC
[ April 26, 2024 ] Five new members of community banking advisory panel named; will join May 2 meeting FDIC
[ April 25, 2024 ] Competing proposals to change rules on Bank Control Act withdrawn after neither can win majority of FDIC Board votes FDIC

‘Prudent efforts’ to meet cash, financial needs of storm victims not subject to examiner reproach

September 18, 2017 0

Prudent efforts by depository institutions to meet customers’ cash and financial needs affected by Hurricane Irma — when consistent with safe and-sound banking practices — generally will not be subject to examiner criticism, the Federal Deposit […]

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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Improvements noted in medical bills included in credit reports – but not so much in the South, bureau asserts

April 29, 2024 0

If you reside in the South you are “most likely” to have medical bills on your credit reports – making you among 15 million Americans who have the invoices on their credit summaries, according to a study issued Monday by [...]
PA bank’s failure Friday could cost FDIC fund $667 million, agency says

April 29, 2024 0

The failure Friday of a $6 billion-in-assets bank in Pennsylvania – the first U.S. bank failure of 2024 – could cost the Federal Deposit Insurance Corp.’s (FDIC) Deposit Insurance Fund (DIF) an estimated $667 million, the agency said. The FDIC [...]
WA bank fined $500k over FTC Act, RESPA violations

April 26, 2024 0

A bank that the federal bank deposit insurer said violated Federal Trade Commission (FTC) Act and Real Estate Settlement Procedures Act (RESPA) rules was assessed a $500,000 civil money penalty (CMP) in March, the Federal Deposit Insurance Corp. (FDIC) said [...]
Five new members of community banking advisory panel named; will join May 2 meeting

April 26, 2024 0

Five new members of the community banking advisory committee to the federal bank deposit insurance agency were named Friday by the organization, which also said the group will attend its first meeting May 2. The Federal Deposit Insurance Corp. (FDIC) [...]