Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
Out of 86 banks whose Community Reinvestment Act (CRA) ratings bestowed in March, one was deemed “needs to improve” and four were “outstanding” for their efforts under the anti-redlining statute, according to the Federal Deposit […]
Flexibility to work with borrowers affected by severe storms in West Virginia from Feb. 27 through March 4 is among the relief measures the federal bank deposit insurer is offering to banks to help facilitate […]
Use of alternative data at financial institutions, particularly with banks that have third-party relationships with financial technology (fintech) lenders, should be the focus of collaboration among federal financial institution regulators – with a focus on […]
Submissions are due by July 31 for summary of branch office deposits submissions, the annual survey of deposits for banks with branch offices, including insured foreign banks; no filing extensions are granted, the federal insurer […]
The federal bank deposit insurer’s third- and fourth-quarter schedules for evaluations of banks’ Community Reinvestment Act (CRA) efforts include a total of 387 banks throughout the agency’s six regions. The lists, released Friday by the […]
Violations of federal flood insurance requirements will cost a San Francisco-based bank $281,000 for failing to tell a borrower it needed the insurance for property it was purchasing through a loan from the bank, the […]
Banks’ community development activities to help revitalize areas in Puerto Rico and the U.S. Virgin Islands following Hurricane Maria will continue to receive favorable Community Reinvestment Act (CRA) for 36 months, federal regulators said Thursday. […]
Driven mostly by large institutions, net interest margins at federally insured banks fell to a record low by the end of the first quarter of this year, the federal insurer of bank deposits reported Wednesday, […]
Final changes to bank call reports were announced Tuesday by the federal banking agencies, with few if any revisions to those proposed in December and February; the effective dates for the changes are June 30 […]
The owner of a wedding planning company last week pleaded guilty to filing fraudulent loan applications seeking more than $3 million in forgivable Paycheck Protection Program (PPP) loans and used the proceeds he did receive […]
Copyright (c) 2022, RegReport.info; Contact: editor@regreport.info