Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
The nine enforcement orders issued in February by the federal bank deposit insurer included one $7,500 civil money penalty assessment related to improper reimbursements and one prohibition of a former bank manager who falsified reports […]
The failure last October of the $69 million-in-assets Almena State Bank, Almena, Kan., estimated to have cost the federal bank deposit insurance fund $18 million, was chalked up to a risky growth strategy coupled with […]
A 35-year veteran of the federal insurer of bank deposits will lead the agency’s Chicago region, the agency said Friday. Gregory P. Bottone was appointed regional director of the Federal Deposit Insurance Corp.’s (FDIC) Chicago […]
Clarification about the “rapid phased prototyping (RPP) initiative” for banks and other federally insured institutions – a program designed to help accelerate the adoption of new technological solutions – is outlined in a letter issued […]
The interagency council formed under the 2010 Dodd-Frank Act to identify risks to financial stability and respond to emerging threats is set to meet next Wednesday on climate change and its potential impact on stability, […]
The Federal Deposit Insurance Corp. (FDIC) Advisory Committee on Community Banking will hold an open meeting April 13 that will be viewable only by webcast, according to a notice for the Federal Register. The committee, […]
An interim final rule to support a Treasury program making capital investments in minority depository institutions (MDIs) and community development financial institutions (CDFIs) is slated to publish in the Federal Register and to go into effect […]
The temporary change to the supplementary leverage ratio (SLR) for bank holding companies will be allowed to expire as scheduled at month’s end, federal banking agencies said Friday; however, measures to adjust the SLR will […]
Title: Loans in Areas Having Special Flood Hazards; Interagency Questions and Answers Regarding Private Flood Insurance Subject: Flood insurance Agency: FDIC, Federal Reserve, NCUA, OCC, FCA Status: Proposed Q&A Summary: The OCC, Board, FDIC, FCA, […]
A set of questions, with answers, regarding the acceptance of flood insurance policies issued by private insurers is out for a 60-day comment period ending about May 17. The private flood insurance Q&A was issued […]
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