Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
The elimination under revised accounting rules of recognition and measurement of troubled debt restructurings (TDRs) by creditors, and removal of references to TDRs, led to issuance Friday of an interagency policy statement by the three […]
Special assessments to recover the estimated $19.2 billion of losses due to uninsured depositors to the federal bank deposit insurance fund resulting from the failures of two banks in March will be proposed through rulemaking […]
Banks in areas of California and Tennessee affected by storm damage, flooding, tornadoes, mudslides and wind (among other things) are eligible for regulatory relief from the federal bank deposit insurance agency, it announced Thursday. According […]
A semiannual update of the Deposit Insurance Fund (DIF) restoration plan is the only item slated for discussion at the April 18 open meeting of the Federal Deposit Insurance Corp. (FDIC) Board. That discussion could […]
Legislation enacted in 2018 easing some requirements on bank investment activity had “nothing to do” with the recent failure of a California bank, the vice chairman of the board of the federal bank deposit insurance […]
Violations of Truth in Lending Act (TILA) disclosure requirements were the most frequently cited bank consumer compliance violations by examiners in 2022, according to a report issued Wednesday by the federal bank deposit insurance agency. […]
A $60 billion portfolio containing largely commercial real estate (CRE) loans of the failed Signature Bank will soon be up for sale, the federal insurer of bank deposits said late Monday. According to the Federal […]
Two banks earned anti-redlining ratings of “outstanding” in January, according to the federal insurer of bank deposits – but a third bank earned a rating of “needs improvement,” the agency said Tuesday. In releasing its list […]
An unauthorized contractual commitment that cost the federal bank deposit insurance agency $4.2 million and a prolonged increase in operational, monetary, legal, and reputational risks is outlined in a report published Monday by the agency’s […]
Terming actions by the previous administration on bank regulation a “weakening” of common-sense safeguards and supervision for large regional banks, President Joe Biden (D) late Thursday urged the supervisors to reverse those decisions, which he […]
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