Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
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 […]
The public portions of resolution plans (also known as “living wills”) submitted July 1 by eight large domestic banking firms – and targeted to address the institutions’ response to events surrounding the COVID-19 pandemic – […]
Simplifying deposit insurance rules for revocable and irrevocable trusts, and amending a rule on mortgage service accounts coverage, are addressed in a proposed regulation issued by the federal insurer of bank deposits Tuesday. In a […]
Feedback on the agency’s strategies to preserve and promote minority depository institutions (MDIs), the Mission-Driven Bank Fund created to channel funds to MDIs and community development financial institutions (CDFIs), and other agency initiatives will be […]
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