FDIC – Page 3 – Regulatory Report

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[ April 20, 2021 ] Three-hour virtual event on CECL to look at technical issues, including PCDs, TDRs Other
[ April 20, 2021 ] Mission-Driven Bank Fund could begin accepting funding pitches in third quarter, McWilliams says FDIC
[ April 20, 2021 ] Six banks earn ‘outstanding’ evaluations for CRA; one ‘needs to improve’ OCC
[ April 19, 2021 ] Rule clarifies tenants may sue debt collectors for evictions carried out during pandemic moratorium CFPB
[ April 19, 2021 ] Treasury lays out climate policy strategy focusing on finance, tax policy, financial risks Other

Agencies’ RFI asks how financial institutions use AI for fraud prevention, underwriting, more

March 29, 2021 0

Information on how financial institutions use artificial intelligence (AI) in their activities, including fraud prevention, personalization of customer services, credit underwriting, and more is sought under a request for information announced Monday by federal bank, […]

FDIC OIG review of Almena State Bank failure cites aggressive pursuit of large-dollar guaranteed loans, poor board oversight

March 26, 2021 0

The failure last October of the $69 million-in-assets Almena State Bank, Almena, Kan., estimated to have cost the federal bank deposit insurance fund $18 million, was chalked up to a risky growth strategy coupled with […]

Agency clarifies ‘rapid prototyping program,’ noting banks won’t be obligated to participate, adopt solutions

March 26, 2021 0

Clarification about the “rapid phased prototyping (RPP) initiative” for banks and other federally insured institutions – a program designed to help accelerate the adoption of new technological solutions – is outlined in a letter issued […]

February enforcements by FDIC include $7,500 civil money penalty, one prohibition

March 26, 2021 0

The nine enforcement orders issued in February by the federal bank deposit insurer included one $7,500 civil money penalty assessment related to improper reimbursements and one prohibition of a former bank manager who falsified reports […]

Risk management veteran appointed as director of FDIC’s Chicago region

March 26, 2021 0

A 35-year veteran of the federal insurer of bank deposits will lead the agency’s Chicago region, the agency said Friday. Gregory P. Bottone was appointed regional director of the Federal Deposit Insurance Corp.’s (FDIC) Chicago […]

Financial stability council slates climate change, COVID-19 developments for March 31 meeting

March 25, 2021 0

The interagency council formed under the 2010 Dodd-Frank Act to identify risks to financial stability and respond to emerging threats is set to meet next Wednesday on climate change and its potential impact on stability, […]

FDIC community banking panel set to meet April 13

March 25, 2021 0

The Federal Deposit Insurance Corp. (FDIC) Advisory Committee on Community Banking will hold an open meeting April 13 that will be viewable only by webcast, according to a notice for the Federal Register. The committee, […]

Agencies to allow temporary change to SLR to expire, but will propose adjustments for future

March 19, 2021 0

The temporary change to the supplementary leverage ratio (SLR) for bank holding companies will be allowed to expire as scheduled at month’s end, federal banking agencies said Friday; however, measures to adjust the SLR will […]

Banking agencies’ capital rule supporting Treasury program (ECIP) kicks in Monday

March 19, 2021 0

An interim final rule to support a Treasury program making capital investments in minority depository institutions (MDIs) and community development financial institutions (CDFIs) is slated to publish in the Federal Register and to go into effect […]

Loans in Areas Having Special Flood Hazards; Interagency Questions and Answers Regarding Private Flood Insurance

March 18, 2021 0

Title: Loans in Areas Having Special Flood Hazards; Interagency Questions and Answers Regarding Private Flood Insurance Subject: Flood insurance Agency: FDIC, Federal Reserve, NCUA, OCC, FCA Status: Proposed Q&A Summary: The OCC, Board, FDIC, FCA, […]

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Three-hour virtual event on CECL to look at technical issues, including PCDs, TDRs

April 20, 2021 0

Implementation of the new current expected credit losses (CECL) accounting standard – particularly technical issues related to purchased financial assets with credit deterioration and troubled debt restructurings – will be the subject of a three-hour virtual event scheduled for mid-May, [...]
Mission-Driven Bank Fund could begin accepting funding pitches in third quarter, McWilliams says

April 20, 2021 0

The stand-up of the Mission-Driven Bank Fund by the federal agency that insures bank deposits has made some strides, with a financial advisor and two law firms now engaged to develop the fund’s framework, structure, and concept of operations, the [...]
Six banks earn ‘outstanding’ evaluations for CRA; one ‘needs to improve’

April 20, 2021 0

Six of 15 banks in recent anti-redlining performance evaluations were rated “outstanding” by the regulator of national banks in results released Tuesday; one bank, the agency said, “needs to improve.” It its regular monthly release of performance evaluations for bank [...]