FDIC – Page 72 – Regulatory Report

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[ August 10, 2020 ] As coronavirus crisis ramped up over four months, Fed, Treasury leaders stayed in increasing contact – and remain so, calendar shows COVID-19 actions
[ August 10, 2020 ] Retail worker pleads guilty to fraudulently seeking $8 million+ through CARES Act program COVID-19 actions
[ August 10, 2020 ] FFIEC grants one-year extension of commercial real estate appraisal credentialing waiver in ND Other
[ August 10, 2020 ] New capital requirements for largest banks range from 13.7% to 7%; 11 must hold 10% or more The Fed
[ August 7, 2020 ] OCC says assessment reduction to take effect Sept. 7 (for collections due Sept. 30) COVID-19 actions

Interim final rules apply 18-month exam cycle to banks under $3 billion

August 23, 2018 0

An extended, 18-month examination cycle will apply to more banks under joint interim final rules issued Thursday by federal banking regulators and set to take effect upon publication in the Federal Register. The rules implement […]

More time for Volcker Rule comments possible, FDIC chairman says

August 23, 2018 0

FDIC Chairman Jelena McWilliams on Thursday indicated it’s possible that the banking industry may receive more time to submit their comments on a proposal to revamp the Volcker Rule, created in 2013 to prohibit proprietary […]

FDIC

Banking industry sees $60.2 billion in 2Q net income; McWilliams notes challenges of rate environment, competition

August 23, 2018 0

Banks and savings institutions insured by the Federal Deposit Insurance Corp. (FDIC) saw second-quarter net income rise 25.1 percent over the same period last year, and margins remained strong, according to data released by the […]

Agencies issue interim final rule treating some municipal securities as ‘high-quality liquid assets,’ carrying out S. 2155 change

August 22, 2018 0

Three federal banking regulatory agencies on Wednesday issued an interim final rule, along with a request for comments, that amends the liquidity coverage ratio (LCR) rule to treat liquid and readily marketable, investment-grade municipal obligations […]

FDIC webinar Aug. 28 details Money Smart for Small Business

August 22, 2018 0

Next week brings this year’s third quarterly town hall webinar on Money Smart for Small Business (MSSB), a curriculum developed by the Federal Deposit Insurance Corp. (FDIC) and Small Business Administration (SBA) that offers a […]

Agency seeks feedback on data applications for website; part of redesign

August 22, 2018 0

Public feedback about data applications on the website of the federal insurer of bank deposits is being sought by the agency in a six-week survey, part of an overall redesign of the on-line tools. In […]

Bank, CU, securities regulators hold diversity and inclusion summit Sept. 13

August 22, 2018 0

Federal financial industry regulators will jointly host the first-ever Financial Regulatory Agencies’ Diversity and Inclusion Summit Sept. 13 in New York City, the federal agency that regulates credit unions said in an email announcement Monday. […]

FASB proposes amending transition requirements, scope of CECL standard

August 20, 2018 0

Amending the transition requirements and scope of the current expected credit losses (CECL) standard issued by Financial Accounting Standards Board (FASB) is the aim of a proposal issued Monday by the group. Comments are due […]

FDIC

McWilliams talks 2Q bank, thrift earnings in Thursday press briefing

August 20, 2018 0

Federal Deposit Insurance Corp. (FDIC) Chairman Jelena McWilliams will hold a press briefing this Thursday to announce bank and thrift industry earnings for the second quarter of 2018, the agency said Monday. The Thursday briefing, […]

Receiverships completed for 2 banks in Missouri and Georgia

August 20, 2018 0

Assets have been liquidated for two banks in Georgia and Missouri, the federal insurer of deposits in banks said in a notice published Monday in the Federal Register. The Federal Deposit Insurance Corp. (FDIC) notice […]

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As coronavirus crisis ramped up over four months, Fed, Treasury leaders stayed in increasing contact – and remain so, calendar shows

August 10, 2020 0

As the financial impact of the coronavirus became increasingly apparent this spring, top federal financial regulators intensified their interaction, meeting – typically by conference calls – more than 60 times from March through June, according to a review of the [...]
Retail worker pleads guilty to fraudulently seeking $8 million+ through CARES Act program

August 10, 2020 0

A project manager employed by a major retailer has pleaded guilty to bank fraud charges for fraudulently seeking more than $8 million in forgivable Paycheck Protection Program (PPP) bank loans, the Federal Deposit Insurance Crop. (FDIC) Office of Inspector General [...]
FFIEC grants one-year extension of commercial real estate appraisal credentialing waiver in ND

August 10, 2020 0

An umbrella council for federal financial institution regulators on Friday approved a one-year extension of appraisal credentialing requirements for federally related commercial real estate transactions under $1 million in North Dakota. The extension, which continues the waiver until Aug. 7, [...]
New capital requirements for largest banks range from 13.7% to 7%; 11 must hold 10% or more

August 10, 2020 0

Individual capital requirements ranging from 13.7% to 7% for the 34 largest U.S. banks, effective Oct. 1, were released Monday by the Federal Reserve, with Goldman Sachs and Morgan Stanley at the top of the list. The Fed said the [...]