Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
Eased regulatory reporting requirements and potential Community Reinvestment Act (CRA) credit for institutions working with those affected by severe storms and flooding in Puerto Rico were announced Monday by the Federal Deposit Insurance Corp. (FDIC). […]
A final rule that removes a previous requirement that state-chartered, federally insured nonmember banks applying for new branches or offices, or seeking to relocate them, address compliance with historic preservation and environmental statutes takes effect […]
While probably not at the top of the list of priorities for the apparent winner of the 2020 president election, his new administration will have decisions to make about who leads, or serves on the […]
The coming week will bring updates on financial regulatory agencies’ activities and plans for supervision, including COVID-19 response, during two oversight hearings on Capitol Hill, with all four financial institution prudential regulators set to testify […]
Federal regulators on Friday issued a statement urging banks to begin working “without delay” to transition away from LIBOR (the London Interbank Offered Rate) as a reference rate in their loan contracts. “A bank may […]
Sheila C. Bair, the former chairman of the Federal Deposit Insurance Corp. (FDIC) during the 2008 financial crisis, will be the next board chair for mortgage behemoth Fannie Mae as of Nov. 20, the company […]
Public comments on a proposed rule codifying a 2018 statement on the role of supervisory guidance – binding regulators to that guidance and stating that such guidance does not have the force and effect of […]
Receiverships of three federally insured, state-chartered banks – one each in Arizona, Michigan, and Georgia – were terminated Nov. 1 by the Federal Deposit Insurance Corp. (FDIC). The FDIC, in a notice slated for Federal […]
Title: Role of Supervisory Guidance Subject: Supervisory guidance Agency: CFPB, FDIC, Federal Reserve, NCUA, OCC Status: Final rule Summary: The OCC, Board, FDIC, NCUA, and Bureau (collectively, the agencies) adopted a final rule that codifies […]
Six of the 72 banks recently evaluated for compliance with the anti-redlining Community Reinvestment Act (CRA) won evaluation ratings of “outstanding,” according to information released Wednesday by the Federal Deposit Insurance Corp. (FDIC). The remaining […]
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