Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
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 […]
The Federal Deposit Insurance Corp. (FDIC) and Operation HOPE Inc. on Monday announced a collaboration arrangement on financial education that includes resource sharing to educate minority- and/or women-owned businesses on how to compete for business […]
A final rule aimed at simplifying deposit insurance coverage for deposits held in connection with revocable and irrevocable trusts was approved Friday by the Federal Deposit Insurance Corp. (FDIC) Board, the agency announced. The rule, […]
Banks serving areas affected by the severe storms and straight-line winds and tornadoes in Tennessee the first half of December are being extended regulatory relief, including the prospect of Community Reinvestment Act (CRA) consideration, by […]
Effective processes to acquire, analyze, disseminate, and use relevant and actionable threat information to guide the supervision of financial institutions were not established by the federal insurer of bank deposits, according to an audit report […]
Apparently one of the last engagements of the soon-to-be-former (as of Feb. 4) chairman of the federal bank deposit insurance fund board will be to participate in a diversity roundtable set for next week. In […]
Four of the five federal financial institution regulators have been urged to take actions – ranging in number from one to five – to better protect the personally identifiable information (PII) they collect use, and […]
A set of regulatory relief measures has been deployed by the federal bank deposit insurer for financial institutions in areas of Washington affected by flooding and mudslides in November, according to a Financial Institution Letter […]
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