Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
E. Marshall Gentry has been appointed deputy to the board chairman and the chief financial officer (CFO) for the Federal Deposit Insurance Corp. (FDIC), the agency announced. In a release Monday, the FDIC said Gentry […]
Violations of truth in lending and flood insurance regulations led the most frequently cited consumer compliance transgressions in 2023 for banks, according to a report issued Friday by the federal insurer of bank deposits. The […]
A Mississippi bank was ordered to pay an $80,500 civil money penalty (CMP) for alleged violations of flood insurance requirements, the federal bank deposit insurance agency said Friday. In making public enforcement actions taken in […]
Regulatory relief for financial institutions serving areas of Maine and Rhode Island affected by severe storms and flooding was announced Tuesday by the federal bank deposit insurer. The Federal Deposit Insurance Corp. (FDIC), in separate […]
A third-party review of the workplace culture for the federal bank deposit insurance agency will be overseen by three non-voting members who were named Friday, the agency announced. Linda Miller, Elizabeth McCaul and Valerie Mosley […]
The three federal banking agencies late Thursday issued a supplemental rule that postpones from April 24, 2024, to Jan. 1, 2026, the applicability date for Community Reinvestment Act (CRA) requirements on facility-based assessment areas and […]
A “principles-based” overview of the federal bank deposit insurance agency’s administration of its responsibilities under the Bank Merger Act (BMA) is proposed in a new policy statement issued for comment on a split vote Thursday. […]
Alleged false and misleading statements about federal bank deposit insurance coverage have earned three companies and others cease-and-desist demands from the insurance agency, it said Tuesday. PrizePool, Inc. (PrizePool), AmeriStar, LLC (AmeriStar), and HighLine Gold, […]
A long-awaited, proposed statement of policy on bank merger transactions is the top item on the agenda for next week’s open meeting of the Federal Deposit Insurance Corp. (FDIC) Board. The proposed policy statement is […]
Weak banks can – and often do – survive a financial challenge, but only if someone along the line of supervision use restraint to avoid an “unnecessary bank failure,” the vice chairman of the federal […]
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