FDIC – Page 2 – Regulatory Report

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[ November 20, 2019 ] Future of overdraft rule may be inching toward resolution, bureau regulatory agenda suggests CFPB
[ November 19, 2019 ] Agencies OK SunTrust/BB&T merger – but at cost of consent order for ‘unfair, deceptive practices,’ shedding branches, deposits The Fed
[ November 20, 2019 ] NCUA general counsel McKenna retires, board appoints Kressman acting GC NCUA
[ November 20, 2019 ] NCUA budget briefing over, but comments will be taken until Dec. 2 NCUA
[ November 20, 2019 ] OCC delays OREO rule effective date to January to comply with 1994 reg improvements law OCC

Prohibitions and Restrictions on Proprietary Trading and Certain Interests in, and Relationships With, Hedge Funds and Private Equity Funds

November 13, 2019 0

Title: Prohibitions and Restrictions on Proprietary Trading and Certain Interests in, and Relationships With, Hedge Funds and Private Equity Funds Subject: Volcker Rule Agency: FDIC, Federal Reserve, OCC Status: Final rule Summary: The OCC, Board, […]

CBLR rule, early adoption for capital simplification provisions in Federal Register Wednesday

November 12, 2019 0

Banking regulators’ final rules on the new community bank leverage ratio (CBLR) and a revised effective date for other capital rule simplifications, both signed off on in September and October, are slated for publication in […]

Proposal easing swaps rule has Dec. 9 comment deadline

November 7, 2019 0

Comments are due Dec. 9 to federal banking agencies on a joint-agencies proposal to revise swap margin rules to remove the need for holding initial margin for uncleared swaps with affiliates. The proposal was first […]

HomeStreet Bank to pay $1.35 million penalty under settlement with FDIC over RESPA violations

November 6, 2019 0

HomeStreet Bank of Seattle, Wash., will pay a $1.35 million civil money penalty under a consent order with the Federal Deposit Insurance Corp. (FDIC) related to alleged violations of the Real Estate Settlement Procedures Act […]

Record-high commercial real estate lending holds challenges for banking industry, FDIC chairman tells group

November 6, 2019 0

Commercial real estate lending holds challenges for the banking industry, particularly as the financial institutions’ exposure to lending in that area is near a record high, the board chairman of the federal insurer of bank […]

FDIC wants to collect proposals for innovation, seeks input on proposed info collection

November 6, 2019 0

The federal bank deposit insurer will take comments until Jan. 6 on its plan to initiate a new information collection that will support a planned innovation pilot program framework, according to its notice Wednesday in […]

UPDATED: Agencies propose changes to call reports reflecting revisions to regulatory capital rules

November 6, 2019 0

Proposed changes to upcoming call reports, resulting from revisions to federal banking agencies’ rules on regulatory capital, are outlined in a letter to financial institutions issued Tuesday by the federal insurer of bank deposits. UPDATE: […]

FDIC ends receiverships of 3 banks closed in 2009, 2014

November 6, 2019 0

Work related to the receiverships of three insured banks that were closed five years and 10 years ago, respectively, has been completed, the federal bank deposit insurer stated in Federal Register notices slated for publication […]

Six out of 91 banks evaluated for CRA compliance are ‘outstanding,’ FDIC reports

November 5, 2019 0

No “needs improvement” or “substantial noncompliance” ratings for Community Reinvestment Act (CRA) compliance were assigned to any of the 91 banks given ratings this August by the Federal Deposit Insurance Corp. (FDIC), the agency said […]

Some banks may apply capital rule simplifications on Jan. 1, letter reminds

November 4, 2019 0

Non-advanced approaches banks may apply capital rule simplifications on Jan. 1, rather than wait until April 1, the Federal Deposit Insurance Corp. (FDIC) reminded Monday in a financial institution letter (FIL). Under a joint, final […]

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Future of overdraft rule may be inching toward resolution, bureau regulatory agenda suggests

November 20, 2019 0

Overdraft protection may be coming up again soon at the federal consumer financial protection agency – but it’s not clear precisely when, according to the fall 2019 rulemaking agenda posted by the agency Wednesday. The Consumer Financial Protection Bureau (CFPB) [...]
Agencies OK SunTrust/BB&T merger – but at cost of consent order for ‘unfair, deceptive practices,’ shedding branches, deposits

November 19, 2019 0

The merger between two banking giants from North Carolina and Georgia was approved by two federal banking agencies Tuesday – but it came at the cost of divestiture of branches and north of $2.4 billion in deposits, and a consent [...]
NCUA general counsel McKenna retires, board appoints Kressman acting GC

November 20, 2019 0

Mike McKenna, general counsel for the National Credit Union Administration since 2011, has retired from the agency and will be replaced in “acting” capacity by Frank Kressman while a search for a replacement proceeds, the agency said Wednesday. McKenna joined [...]
NCUA budget briefing over, but comments will be taken until Dec. 2

November 20, 2019 0

A Dec. 2 comment deadline is the next item in the timeline toward eventual approval of the 2020-2021 budget for the National Credit Union Administration (NCUA). The agency held a public briefing on the proposed budget – $347.7 million in [...]
OCC delays OREO rule effective date to January to comply with 1994 reg improvements law

November 20, 2019 0

A final rule issued in October on other real estate owned (OREO) by national banks and federal savings associations (FSAs) will take effect Jan. 1, 2020, instead of Dec. 1, 2019, the Office of the Comptroller of the Currency (OCC) [...]
Bureau wants to hear about effectiveness of integrated disclosures required under TRID rule

November 20, 2019 0

Addressing the effectiveness of integrated disclosures required under federal regulations for real estate transactions is the subject of an assessment to be conducted by the federal consumer financial protection agency, the agency said Wednesday. In a release, the Consumer Financial [...]
Fed raises Reg D reserve exemption amount to $16.9 million, ups low reserve tranche, for 2020

November 20, 2019 0

The reserve requirement exemption and low reserve tranche established under the Federal Reserve’s Regulation D and applied to banks, savings associations, and credit unions are being adjusted upward by about 4.3% and 3.4%, respectively, for the coming year, the central [...]