Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
Feedback from banks and thrifts on the federal bank deposit insurer’s supervisory approach to examinations during the COVID-19 pandemic is sought in a request for information (RFI) noted Friday in an agency Financial Institution Letter […]
Eight teams with members from banking, philanthropy, and other fields will participate in a “tech sprint” to explore how community banks can meet the needs of the unbanked and will present their findings in September, […]
Revised guidance on effective authentication and access risk management principles and practices related to digital banking services and information systems was issued Wednesday by the umbrella Federal Financial Institutions Examination Council (FFIEC). The guidance replaces […]
Papers to support a discussion of recent research in consumer finance among financial regulators, academics, and the private sector are being sought for the 11th Consumer Research Symposium slated March 11, 2022, in Arlington, Va. […]
Four companies will submit proposals to a rapid-phased prototyping competition (RPP) aimed at accelerating adoption of modern technological tools, the federal insurer of bank deposits announced Monday. The tools, according to the Federal Deposit Insurance […]
Outdated practices for securing and managing mobile devices at the federal insurer of bank deposits has resulted in a series of control recommendations from an auditor brought in by the agency’s inspector general. According to […]
Fifty-three of the 57 banks receiving their Community Reinvestment Act (CRA) ratings this May were deemed to have turned in “satisfactory” performance for compliance with the anti-redlining law, according to information released Tuesday by the […]
Congress should revise recently adopted statutes on brokered deposits, and it should give the credit union regulator authority to examine (and enforce actions) over third-party vendors, two federal financial institution regulators said Tuesday in congressional […]
Title: Simplification of Deposit Insurance Rules Subject: Deposit insurance; trust accounts Agency: FDIC Status: Proposed rule Summary: The Federal Deposit Insurance Corporation is seeking comment on proposed amendments to its regulations governing deposit insurance coverage. […]
A $30,000 civil money penalty (CMP) assessment against a bank related to flood insurance violations and a $35,000 penalty against a former bank employee – who never responded or sought a hearing on the charges […]
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