Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
The banking industry showed both resiliency and stability during the 2020 financial impact of the coronavirus crisis, but credit and market risks remain ahead, according to the 2021 Risk Review released Tuesday by the Federal […]
A proposed rule to prohibit false advertising or misleading representations of deposit insurance, or using the Federal Deposit Insurance Corp. (FDIC) name or logo in a manner to imply an uninsured product is backed by […]
Title: Tax Allocation Agreements Subject: Tax allocation agreements Agency: FDIC, Federal Reserve, OCC Status: Proposed rule Summary: The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and […]
Zunera Mazhar is the new deputy director of the office of innovation at the federal insurer of bank deposits, where she will guide promotion of the adoption of innovative technologies at the agency and at […]
Umpqua Bank of Roseburg, Ore., was ordered last week to pay a $1.8 million civil money penalty by a banking agency that cited it for deceptive and/or unfair practices related to certain collection fees and […]
The federal bank deposit insurer’s economic inclusion advisory panel is slated to meet virtually next Thursday beginning at 1 p.m. ET, the agency said in a release, with the meeting expected to last until 5 […]
A two-year report from its ombudsman’s office was published Wednesday by the federal insurer of bank deposits, outlining the office’s efforts in 2019 and 2020 to address banker concerns about such issues as fear of […]
Three out of the 56 banks receiving their Community Reinvestment Act (CRA) evaluation ratings in February from the federal deposit insurance agency were deemed “outstanding,” while one was flagged “needs to improve,” according to information […]
Two Financial Institution Letters (FIL) issued Friday by the federal bank deposit insurer outline series of steps aimed at providing regulatory relief to banks in Alabama and Kentucky affected by severe storms, including straight-line winds […]
The charter for a 16-member panel formed to give the federal bank deposit insurer feedback on issues related to the resolution of systemically important financial companies as provided under the 2010 Dodd-Frank Act has been […]
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