Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
Title: Simplification of Deposit Insurance Rules Subject: Deposit insurance; trust accounts Agency: FDIC Status: Proposed rule Summary: The Federal Deposit Insurance Corporation is seeking comment on proposed amendments to its regulations governing deposit insurance coverage. […]
A $30,000 civil money penalty (CMP) assessment against a bank related to flood insurance violations and a $35,000 penalty against a former bank employee – who never responded or sought a hearing on the charges […]
A couple frequently asked questions (FAQs) on the impact of the transition away from LIBOR (London Interbank Offered Rate) on regulatory capital instruments were issued Thursday by the federal agencies that charter banks and thrifts […]
Three federal bank and credit union regulators are slated to testify next Tuesday before a Senate Banking Committee hearing, “Oversight of Regulators: Does our Financial System Work for Everyone?” Those scheduled to testify include Todd […]
Proposed clarifications to call report instructions for reporting of deferred tax assets are out for comment until Sept. 20, the agencies said in a recent Federal Register notice. The proposal, issued by the Federal Deposit […]
Regulatory relief measures are being deployed for federally supervised banking institutions in Michigan affected by severe storms, flooding, and tornadoes, according to a Financial Institution Letter (FIL) issued Friday by the Federal Deposit Insurance Corp. […]
Title: Credit Risk Retention-Notification of Extension of Review Period Subject: Mortgage credit risk retention Agency: FDIC, Federal Reserve, OCC Status: Review of regulations Summary: The OCC, Board, FDIC, Commission, FHFA, and HUD (the agencies) are […]
A required review of credit risk retention requirements affecting federally insured banks and thrifts that securitize residential mortgage loans has been extended to Dec. 20 by federal banking, housing-finance, and securities regulators. The credit risk […]
Working together to jointly strengthen rules implementing anti-redlining laws is a commitment made by the three federal banking agencies Tuesday, according to a statement released by all three. The statement was released after one of […]
Rising concern about the growing use of “stablecoins” without a regulatory framework led to a meeting Monday of top banking regulators, the Treasury announced. Recommendations, based on the meeting and on a forthcoming report, are […]
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