Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
Simplifying deposit insurance rules for revocable and irrevocable trusts, and amending a rule on mortgage service accounts coverage, are addressed in a proposed regulation issued by the federal insurer of bank deposits Tuesday. In a […]
Feedback on the agency’s strategies to preserve and promote minority depository institutions (MDIs), the Mission-Driven Bank Fund created to channel funds to MDIs and community development financial institutions (CDFIs), and other agency initiatives will be […]
Comments are due Sept. 17 about proposed guidance on third-party risk management at banks – including that related to deals with financial technology (fintech) firms – issued by the federal banking agencies, according to the […]
If Federal Reserve Board (FRB) Chair Jerome H. (“Jay”) Powell should be looking over his shoulder at a replacement for him when his term runs out in February, the White House is giving no indication […]
Title: Proposed Interagency Guidance on Third-Party Relationships: Risk Management Subject: Third-party relationships Agency: FDIC, Federal Reserve, OCC Status: Proposed interagency guidance and request for comment Summary: The Board, FDIC, and OCC (together, the agencies) invite […]
Inititiatives of the agency’s Office of Innovation (FDiTech) is on the agenda for a July 22 open meeting of the Federal Deposit Insurance Corp. (FDIC) Advisory Committee on Community Banking, the agency announced Thursday. The meeting, […]
An “enhanced” version of the Money Smart for Older Adults financial education curriculum and a separate informational brochure on COVID-19-related scams were announced jointly Wednesday by the Consumer Financial Protection Bureau (CFPB) and Federal Deposit […]
Two proposed rules will be considered by the board of the federal bank deposit insurer when it meets July 20 – on revisions to the standardized approach for calculating the exposure amounts of derivative contracts, and on […]
Joint agency guidance for banking institutions on third-party risk management – including that related to arrangements with fintech (financial technology) firms – was issued Tuesday for a 60-day public comment period by the Federal Reserve, […]
A man pleaded guilty last week in a Florida federal court to using bogus identities in a scheme to steal $24 million of COVID-19 relief funds using shell companies he and other alleged conspirators created […]
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