Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
Issues relating to the resolution of a central counterparty (CCP) were discussed Tuesday in a meeting of regulators from the U.S. and the United Kingdom, according to a joint readout released by the agencies. The […]
Strengthening anti-redlining rules, addressing risks posed by climate change and reviewing bank merger rules are all priorities listed for the year ahead by the now-acting chairman of the board of the federal bank deposit insurance […]
Showcasing public- and private-sector efforts to preserve and promote minority depository institutions (MDIs) and advance diversity and inclusion across financial services is the aim of a series of podcasts jointly planned by the federal bank […]
Three of the 62 banks evaluated under the Community Reinvestment Act (CRA) in November earned the rating of outstanding for their efforts under the anti-redlining statute, according to information released Thursday by the federal bank […]
A program designed to expand financial inclusion to “unbanked” persons will be expanded to three more cities, the federal insurance program for bank deposits said Wednesday. The Los Angeles, Dallas, and Detroit metropolitan areas will […]
Outgoing Federal Deposit Insurance Corp. (FDIC) Board Chairman Jelena McWilliams received a note of acknowledgement Wednesday from her colleagues at the credit union regulator’s board with a joint statement signed by all three. NCUA Chairman […]
Registration is open for a “tech sprint” focusing on “digital identity proofing” – the process used to collect, validate, and verify information about a person – sponsored by the federal bank deposit insurer and the […]
The outgoing board chairman of the federal bank deposit insurance fund is planning an “exit interview” of sorts the day before she formally exits, the agency said Monday. Jelena McWilliams, chairman of the Federal Deposit […]
Three former Utah bankers were prohibited from future service in their former bank, or any other insured depository institution or company, and fined a total of $510,000 for reckless, unsafe, or unsound banking practices involving […]
The top insurance executive for the federal fund that insures bank deposits is retiring, effective at the end of May, after a 34-year career, the agency announced Wednesday. Diane Ellis, director of the division of […]
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