FDIC – Page 2 – Regulatory Report

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[ September 20, 2019 ] WEEK AHEAD: Faster payments thoughts, insights from the Fed, ‘2nd chances’ on the agenda The Fed
[ September 20, 2019 ] Federal credit union agency board sets closed meeting for appeal NCUA
[ September 19, 2019 ] NCUA approves ‘PALs II’ allowing payday-alt loans up to $2,000 for 12 months NCUA
[ September 19, 2019 ] Accuracy of credit, background screening reports up for discussion in December CFPB
[ September 19, 2019 ] Kraninger gives outline of philosophy for bureau at opening of symposia session CFPB

FDIC

Mid-year ’19 summaries for banking, economic conditions in each state released

September 12, 2019 0

The quarterly summaries of banking and economic conditions in each state at mid-year 2019 are available from the federal insurer of bank deposits, listing individual states’ economic indicators, banking trends and banking profiles. The second-quarter […]

Board to consider final decision on CBLR, proposal on swap margin requirements

September 10, 2019 0

A final decision on the proposed Community Bank Leverage Ratio (CBLR) and a proposal on swap margin requirements are on the discussion agenda for the board of the Federal Deposit Insurance Corp. (FDIC) when it […]

Fair lending, flood insurance sections of exam manual updated

September 10, 2019 0

Fair lending and flood disaster sections have been updated in the federal insurer of bank deposits’ compliance examination manual (CEM), the agency said Tuesday. The Federal Deposit Insurance Corp. (FDIC) said the updates were made […]

Proposal on rate caps for less-than-well-capitalized institutions detailed in FIL

September 9, 2019 0

The recent proposal to revise rules governing interest-rate restrictions applied to less-than-well-capitalized depository institutions is summarized in a Financial Institution Letter (FIL) sent Monday by the Federal Deposit Insurance Corp. (FDIC). The proposed rule would […]

No obstacles (thus far) to agencies acting in concert on a CRA proposal, McWilliams opines

September 5, 2019 0

At this point in time, the chairman of the federal bank deposit insurer sees no particular impediment to her agency moving in concert with the other two federal banking regulators in an eventual proposal revising […]

Banks’ net income up 4.1% year over year in 2Q, FDIC reports

September 5, 2019 0

Aggregate net income for the nation’s 5,303 federally insured banks and savings institutions totaled $62.6 billion in the second quarter of 2019, up $2.5 billion – or 4.1% – from the same time one year […]

Four banks earn ‘outstanding’ rating (out of 73 evaluated) for June CRA compliance assessment

September 5, 2019 0

Four banks earned ratings of “outstanding” – and one a rating of “needs improvement” – in June for their compliance with anti-redlining laws, the federal insurer of bank deposits said Thursday. In its report of […]

UPDATED: While we were out: What happened last week that we would have told you about

September 3, 2019 0

Federal financial institution regulators were busy organizations last week, as they worked to clear their outboxes for the end of the summer in preparation for the oncoming fall season of meetings, congressional testimony, regulatory actions […]

Rate caps proposal for less-than-well-capitalized institutions in Federal Register Wednesday

September 3, 2019 0

A proposed rule that would revise and simplify the methodology for calculating rate caps for less-than-well-capitalized institutions is slated for publication Wednesday in the Federal Register, with comments due on or about Nov. 3. Announced by […]

FDIC to release banks’ mid-year financial results

September 3, 2019 0

Banks’ mid-year financial results will be released Thursday, according to the federal insurer of deposits in the institutions. The Federal Deposit Insurance Corp. (FDIC) said it expects to release second-quarter 2019 results (that is, those […]

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WEEK AHEAD: Faster payments thoughts, insights from the Fed, ‘2nd chances’ on the agenda

September 20, 2019 0

Faster payments and speeches from Federal Reserve Board governors highlight the week ahead – along with some credit union comments due for “second chances.” Federal Reserve Board Vice Chairmen Richard H. Clarida and Randal Quarles speak on successive days about [...]
Federal credit union agency board sets closed meeting for appeal

September 20, 2019 0

A board appeal is the single agenda item slated for consideration by the National Credit Union Administration (NCUA) Board during a closed meeting Tuesday (Sept. 24) at 10 a.m. ET. NCUA says the meeting is closed under exemption (8) of [...]
NCUA approves ‘PALs II’ allowing payday-alt loans up to $2,000 for 12 months

September 19, 2019 0

Federally chartered credit unions will be permitted to provide their members “payday alternative loans” (PALs) of any amount up to $2,000, fully amortized over a term of one to 12 months, under a final rule approved Thursday on a 2-1 [...]
Accuracy of credit, background screening reports up for discussion in December

September 19, 2019 0

Issues affecting the accuracy of both traditional credit reports and employment and tenant background screening reports will be under discussion at an “accuracy in consumer reporting” workshop set for the second week of December, sponsored by two federal agencies that [...]
Kraninger gives outline of philosophy for bureau at opening of symposia session

September 19, 2019 0

Given its discretion to create rules for consumer protection in a new space outside of what Congress allows, the federal consumer financial protection agency should approach that responsibility “judiciously cognizant of unintended consequences,” the director of the agency said Thursday. [...]
Four prohibitions (and one pending) among comptroller’s August enforcement actions

September 19, 2019 0

A notice of charges for an order of prohibition and four consent orders for prohibition were issued last month by the Office of the Comptroller of the Currency (OCC), according to a release Thursday by the agency. According to the [...]
FDIC ombudsman office takes over post-exam survey process; one aim is to boost response

September 19, 2019 0

The federal regulatory agency charged with insuring bank deposits has shifted its post-examination process for federally insured institutions to its ombudsman office, according to a Financial Institution Letter (FIL) issued Thursday. The survey was previously administered by the Division of [...]
Fed terminates enforcement action with FL bank holding company

September 19, 2019 0

A 2010 enforcement action with Optimumbank Holdings, Inc., of Fort Lauderdale, Fla., was terminated Sept. 11 by the Federal Reserve Board, the Fed said in a release Thursday. The Fed said Optimumbank Holdings is a registered bank holding company that [...]
Powell: No political interference, negative interest rates ‘not at the top of our list’ of tools for economy

September 18, 2019 0

The independence of the nation’s central bank has served the public well, and the chairman of the bank’s board expects to continue his press conferences following meetings of interest rate policy-setting committees, he said Wednesday. He also said that negative [...]