Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
Shortcomings in resolution plans (or “living wills”) for two very large banks were identified by two federal bank regulators, with the agencies calling on the banks to take actions (in one case by May 31, […]
Assets of less than $1.053 billion would define the size of a “small bank” under anti-redlining rules for 2023, and assets of at least $376 million would define an “intermediate small bank” under those rules, […]
An additional month was added Thursday to the comment period on an advance notice of proposed rulemaking focused on the orderly resolution of large banks, issued jointly in October by the Federal Reserve and Federal […]
Data provided under the anti-redlining Community Reinvestment Act (CRA) on small business, small farm, and community development lending in 2021 was released Thursday by the three federal banking regulators. The data show that a total of 685 […]
Non- or partial compliance with Wi-Fi security controls were found in five areas at the federal bank deposit insurance agency, according to a report released Wednesday by the agency’s inspector general. To address those shortcomings […]
A $2.4 billion 2023 operating budget that will be 6.5% higher than the previous year’s spending plan was approved Tuesday by the board of the federal bank deposit insurance agency. Also at its meeting Tuesday, […]
Differentiating federally insured bank deposits from non-insured savings – for example, from financial products offered by non-federally insured financial firms, such as fintechs – is the aim a rule proposed Tuesday by the federal bank […]
Final action on the federal bank deposit insurer’s 2023 operating budget and, among other things, changes in the agency’s guidelines for appeals of material supervisory determinations are slated for Tuesday’s open board meeting. The Federal […]
Banks in areas of South Carolina affected by Hurricane Ian in late September to early October are being offered some regulatory relief to help their communities recover from the storm, the federal insurer of bank […]
Five of the 52 banks receiving their Community Reinvestment Act (CRA) ratings this September were found to be “outstanding” for their compliance with the anti-redlining statute, according to results released Friday by the Federal Deposit […]
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