Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
A set of “top 10” provisions from banking regulators’ proposal to modernize Community Reinvestment Act rules for banks was highlighted Monday by the top federal bank deposit insurance official before a community reinvestment group’s meeting […]
The Federal Deposit Insurance Corp. (FDIC) Advisory Committee on Economic Inclusion is set to to hold a public meeting from 1-5 p.m. ET on June 28, according to a notice in Monday’s Federal Register. At […]
Two banks earned ratings of “needs to improve” with regulations implementing anti-redlining laws, the federal insurer of bank deposits said Friday – but six banks earned ratings of “outstanding” compliance. In Community Reinvestment Act (CRA) […]
Title: False Advertising, Misrepresentation of Insured Status, and Misuse of the FDIC’s Name or Logo Subject: Misrepresentation of insured status Agency: FDIC Status: Final rule Summary: The Federal Deposit Insurance Corporation is adopting a final […]
Banks have all of July to submit their annual survey of branch office deposits for the year ending June 30, the federal bank deposit insurance agency said Wednesday in a letter to all insured institutions, […]
A total of 335 insured banks and thrifts are included on the anti-redlining Community Reinvestment Act (CRA) evaluation schedules of the federal bank deposit insurer from July 1 through Dec. 31, the agency said in […]
Prohibition and a civil money penalty of $140,000 is sought against a bookkeeper who allegedly misappropriated some $181,000 from bank customer accounts over about three years, according to an April notice of intent released Friday […]
Banks’ net income declined $17 billion to $59.7 billion in the first quarter of 2022, a 22.2% drop from the same time a year ago, with growth in provision expense driving that 12-month decline, the […]
Risks related to cybersecurity and illicit financial activity are among the top hazards facing banks in 2022, the federal bank deposit insurance agency said in report Friday. In its 2022 Risk Review, the Federal Deposit […]
Revised guidelines that restore the federal bank deposit insurer’s independent, intra-agency appeals process to review material supervisory determinations regarding supervised banks are out for public comment until June 21, according to a Federal Register notice […]
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