FDIC

Assessments, Amendments To Address the Temporary Deposit Insurance Assessment Effects of the Optional Regulatory Capital Transitions for Implementing the Current Expected Credit Losses Methodology

December 7, 2020 0

Title: Assessments, Amendments To Address the Temporary Deposit Insurance Assessment Effects of the Optional Regulatory Capital Transitions for Implementing the Current Expected Credit Losses Methodology Subject: Deposit insurance; CECL Agency: FDIC Status: Final rule Summary: […]

FDIC proposes deposit insurance assessment system changes for CECL transition

December 7, 2020 0

A proposed change to the federal deposit insurance assessment system for banks that would eliminate the double counting of some optional portions of capital related to the transition to the current expected credit losses (CECL) […]

FDIC September CRA ratings included 1 ‘substantial noncompliance,’ 3 ‘outstanding’

December 4, 2020 0

Of the 58 banks whose Community Reinvestment Act (CRA) ratings were assigned by the Federal Deposit Insurance Corp. (FDIC) in September, all received ratings of “satisfactory” except for four: one rated for “substantial noncompliance” and […]

FDIC October enforcements included penalties over fiduciary duty, flood insurance violations

December 3, 2020 0

Two penalties were assessed in October by the federal bank deposit insurer related to findings of fiduciary duty violations and violations of federal flood insurance rules, according to information released recently on the agency’s October […]

FDIC OIG lists convictions, prosecutions, $15.7 million collected in semiannual report

December 2, 2020 0

Convictions reached on multiple counts of bank fraud, guilty pleas by bank executives for stealing from their institutions, and recoveries from individuals who stole from a fund meant to help businesses pay their workers during […]

Temporary Asset Thresholds

December 2, 2020 0

Title: Temporary Asset Thresholds Subject: Regulatory asset thresholds Agency: FDIC, Federal Reserve, OCC Status: Interim final rule; COVID response Summary: To mitigate temporary transition costs on banking organizations related to the coronavirus disease 2019 (COVID […]

FDIC

Banks became more profitable in 3rd quarter, but net interest margins hit historical low point

December 1, 2020 0

Banks reported improved profitability in the third quarter of the year compared with the first half of the year, but their combined net interest margin fell to a record low, the federal insurer of banks […]

UPDATED: Community banks could use year-end ’19 asset levels to determine regulatory thresholds in ’20, ’21 under new rule

December 1, 2020 0

Community banks could use asset data from the end of last year to determine applicability of various regulatory assets thresholds for the remainder of this year and all of next under an interim final rule […]

FDIC, OCC schedule 570 banks, savings associations for CRA evaluations over first, second quarters of 2021

November 30, 2020 0

A total of 570 banks and savings associations throughout the country are scheduled for Community Reinvestment Act (CRA) evaluations over the first and second quarters of 2021, according to the schedules released Monday by the […]

Banks urged to stop using LIBOR in new contracts, agencies say, to avoid safety, soundness risks (and exams)

November 30, 2020 0

Banks, “as soon as practicable,” should cease entering into new contracts that employ a widely used reference rate that is being phased out, the three federal banking agencies in a statement issued Monday. The recommendation is […]