Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
A cattle-trading system that is described as a Ponzi scheme and that resulted in millions of dollars in losses to victims of the scam has resulted in six-year prison terms for the individuals who ran […]
Ashton J. Ryan Jr., the former top executive of the now-defunct First NBC Bank (New Orleans) was found guilty last week of fraud that contributed to the failure of the nearly $5-billion-in-assets bank in 2017, […]
Intensifying its campaign to crack down on pretenders to federal deposit insurance coverage, the federal bank deposit insurance agency said Wednesday it “demands” that four entities connected to crypto-asset exchanges and other firms cease making […]
Of the 44 banks that received their federal anti-redlining compliance ratings in November, six of them were rated “outstanding” and two were deemed “needs to improve,” according to data released Friday by the Federal Deposit […]
The supervisory approach for the new, lower reporting threshold of 25 closed-end mortgage loans was outlined Friday by two regulators – one for banks, one for credit unions – who both indicated limited action, if […]
An information technology (IT) exam program for banks adopted just about seven years ago is now “outdated” and in need of major changes in procedures, according to a report issued Wednesday by the inspector general […]
Theoretical and empirical papers on issues related to the performance and regulation of the financial sector are now being accepted for a bank research conference, hosted by the federal bank deposit insurance agency in late […]
An extension of 45 days to the comment period for proposed changes to rules about misrepresentations of deposit insurance was announced Monday by the federal bank deposit insurance agency. Comments will now be due by […]
A Kansas banker who reportedly committed a combined 107 violations of federal insider lending rules was required to pay a $35,000 civil money penalty and undergo training under a December, combined consent order released Friday […]
Two individuals were selected to take over as deputy directors within the agency’s risk management supervision division – one dealing with capital markets and accounting policy, the other over operational risk – due to the […]
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