Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
Although the exact amount of restitution has not yet been finally determined, $20 million to provide restitution to harmed consumers has been placed in a segregated account, and fines of more than $1 million have […]
Acknowledging he will soon be leaving his agency post, Federal Deposit Insurance Corp. (FDIC) Vice Chairman Thomas M. Hoenig on Wednesday promoted the continuation of strong prudential standards for banks – including strong capital requirements […]
When Jelena McWilliams is confirmed by the Senate to be the next chair of the board for the federal deposit insurance agency – likely next month, after the Senate returns from its spring state work […]
The chief of staff and chief operating officer of the federal deposit insurance agency is retiring, likely in tandem with the completion of the tenure of the chairman of the organization’s board of directors. Barbara […]
Submissions of papers on financial research – including such topics as risk measurement, regulatory capital and liquidity requirements, and the interaction between regulation and the cost and availability of credit – are being sought for […]
A final rule to increase the threshold level at or below which appraisals are not required for commercial real estate transactions from $250,000 to $500,000 was approved by the board of the federal deposit insurance […]
Four areas that have potential to provide “the most meaningful supervisory burden reduction” will be the focus of the federal financial institution regulators as they pursue continued examination modernization, the federal umbrella group for the […]
Three final rules, two proposed rules, one set of technical amendments and a policy statement were approved by the Federal Deposit Insurance Corp. (FDIC) Board at its quarterly meeting Tuesday in Washington. All seven actions […]
The federal insurance fund for bank deposits is expected to reach its statutory reserve target by the second half of this year – good news for larger banks, which will see quarterly surcharges end when […]
The deadline for submitting submissions (on paper) for presentation at the Eighth Annual Consumer Research Symposium, hosted by the Federal Deposit Insurance Corp. (FDIC) in the fall, is June 4. The annual event, set for […]
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