Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
Guidance issued Monday by the federal bank and credit union regulators reminds supervised institutions of their obligations related to credit risk management with regard to borrowers who are not legally authorized to work in the […]
About $1.2 million will be the cost to the federal bank deposit insurance agency following the failure of a tiny Indiana bank Friday, which the federal agency said late that day was the “smallest standalone […]
Saying it recognizes fraud and other unlawful activity as a “significant and growing concern nationwide for banks and consumers,” the bank deposit insurance agency late Thursday encouraged banks to follow voluntary information sharing issued last […]
The 2026 list of neighborhoods where certain bank activities are eligible for Community Reinvestment Act (CRA) credit was released Tuesday by federal banking agencies, which includes distressed or underserved nonmetropolitan middle-income geographies. According to the […]
Establishing and maintaining “an effective” customer identification program (CIP) for permitted payment stablecoin issuers (PPSIs) was proposed Thursday by federal banking and credit union regulators, and the Treasury’s financial crimes enforcement unit. The proposal, issued […]
More than $389 million in unlawful transactions allegedly conducted in a cryptocurrency money laundering service has led to the June 10 arrests of two Republic of Georgia residents, the inspector general for the federal bank […]
Promoting “interoperability” by the establishment of joint data standards for financial regulatory data is the aim of a final rule issued Thursday by the five federal financial regulatory agencies. The rule, which applies the Financial […]
Evaluating ratings under the anti-redlining Community Reinvestment Act (CRA) that were assigned in March by the federal bank deposit insurer included four “outstanding” ratings and one “needs to improve.” The remaining 40 banks receiving ratings […]
An advisory issued jointly Friday by bank and credit union prudential regulators with Treasury’s financial crimes enforcement arm encourages the institutions to aid in the detection and reporting of illegal aliens. The agencies – Treasury’s […]
References to “reputation risk” have been expunged from interagency documents used by federal banking agencies, the agencies said in a release issued jointly Tuesday. The agencies – Federal Reserve Board, Federal Deposit Insurance Corp. (FDIC), […]
Copyright (c) 2022, RegReport.info; Contact: editor@regreport.info