Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
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 […]
The federal bank deposit insurer on Feb. 1 terminated its receiverships of five banks that were closed in 2009, 2010, and 2014. The Federal Deposit Insurance Corp. (FDIC), in a notice sent to the Federal […]
Title: Net Stable Funding Ratio: Liquidity Risk Measurement Standards and Disclosure Requirements Subject: Net stable funding ratio Agency: FDIC, Federal Reserve, OCC Status: Final rule Summary: The Office of the Comptroller of the Currency (OCC), […]
Federal banking regulators’ October final rule creating a quantitative metric – the net stable funding ratio (NSFR) – is finally slated to be published, this Thursday, in the Federal Register. Approved by the Federal Deposit Insurance Corp. […]
Title: Transferred OTS Regulations Regarding Securities Offerings of State Savings Associations, Statement of Policy on the Use of Offering Circulars, Proposed Rulemaking Regarding Securities Offerings by State Nonmember Banks and State Savings Associations, and Other […]
Three banks earned ratings of “outstanding” in November for their compliance with the anti-redlining Community Reinvestment Act (CRA), according to information released Thursday by the Federal Deposit Insurance Corp. (FDIC). In its report on the […]
The former CEO of a New Orleans bank, three other executives of the institution, and a borrower have all been indicted by a federal grand jury for defrauding the bank, which ultimately failed in 2017. […]
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