Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
Federal banking, housing finance, and securities regulators have begun a review of credit risk retention rules affecting federally insured banks and thrifts that securitize residential mortgage loans. The agencies said they would accept public comments […]
A civil money penalty (CMP) of $1.35 million assessed against a Seattle bank was among the enforcement actions and orders taken in November by the federal insurer of bank deposits, the agency said Dec. 27. […]
Banking organizations will have more time – two months more – to provide input to a request for information (RFI) on the consistency of ratings provided through the Uniform Financial Institutions Rating System, better known […]
Four statements of policy that have been deemed as outdated – including two dealing with collateral – are being rescinded by the federal insurer of bank deposits, the agency said Tuesday. In a financial institution […]
With the application approval of a bank to be located in St. George, Utah, earlier this month, nine “de novo” bank applications have been OK’d by the federal insurer of bank deposits in 2019 – […]
Title: Community Reinvestment Act Regulations Subject: CRA Agency: FDIC, Federal Reserve, OCC Status: Final rule Summary: The OCC, the Board, and the FDIC (collectively, the Agencies) are amending their Community Reinvestment Act (CRA) regulations to […]
Leveraged lending at banks is on the rise, presenting greater risk and leading to greater scrutiny of the practice by regulators, the federal insurer of bank deposits said in a Dec. 23 report. “Leveraged lending […]
An examination module addressing risk management is now updated with a new appendix focusing on exam processes and tools, the federal insurer of bank deposits said Friday. Citing its aim to increase transparency into the […]
Resolution plans submitted to federal regulators by six of the eight banks that were required to submit them for 2019 showed “shortcomings” in the banks’ ability, in stressed conditions, to “reliably” produce the data needed […]
The “designated reserve ratio” (DRR) for the federal bank deposit insurance fund will remain at 2% in 2020, unchanged from last year and the nine years preceding that, according to filings Tuesday by the Federal […]
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