Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
Nine technical assistance videos focusing on fair lending compliance – including fair-lending risk mitigation and preparing for the regulator’s fair lending reviews – were released Tuesday by the Federal Deposit Insurance Corp. (FDIC) for supervised […]
Encouraging institutions to alter loan terms, easing of regulatory reporting requirements, and other supervisory practices in response to the impact of the Texas winter storms were outlined Monday by the federal financial institution regulators in […]
Largely driven by the economic disorder that followed in the wake of the coronavirus crisis, the nation’s banks saw their net income drop off more than 36% – nearly $85 billion – by year-end 2020 […]
The federal bank deposit insurer reported a total of four bank failures in 2020, with those failures estimated to have cost the deposit insurance fund a total of $99.5 million, according to the agency’s annual […]
Changes related to asset threshold relief that would apply to the three versions of bank call reports – and allow banks to use the lesser of year-end 2019 or June 2020 asset levels as a […]
The Federal Deposit Insurance Corp. (FDIC) received clean audit opinions on the 2019 and 2020 financial statements for the two funds it manages but fell short on internal controls related to contract payment review processes, […]
A final rule removing the double counting of some of the optional portions of capital related to the transition to the current-expected-credit-loss (CECL) accounting standard was adopted Tuesday by the Federal Deposit Insurance Corp. (FDIC) […]
Two executives have been named to lead efforts at expanding stakeholder engagement and advancing diversity, equity, and inclusion (DEI) at the federal insurer of bank deposits, the agency announced Wednesday. The Federal Deposit Insurance Corp. […]
The founder of a financial technology firm providing services to banks and credit unions is the new – and first – chief innovation officer (CINO) for the federal insurer of bank deposits, ending a more […]
Prosecution of fraud cases related to Paycheck Protection Program (PPP) loans continues to be the focus of law enforcement, with federal authorities recently reporting guilty pleas in a $10 million deception, and in a fraud […]
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