A proposed rule to strengthen insured depository institutions’ recordkeeping regarding third-party deposits by fintechs to protect the owners of those funds was issued for comment by unanimous vote Tuesday of the Federal Deposit Insurance Corp. […]
Enhancing the transparency around the process of reviewing bank mergers under federal law, and providing guidance to stakeholders around the review of applications, is the aim of a rule and policy statement addressing the mergers […]
Guidance aimed at stopping banks from charging overdraft fees based on so-called “phantom opt-in agreements,” which allegedly occur when fees are charged even though there is no proof banks have consent to do so, was […]
Charges of deceptive marketing aimed at allegedly luring customers to pay illegal and excessive membership fees – and make it “unreasonably difficult for consumers to cancel memberships and obtain refunds – are part of a […]
The federal bank deposit insurer’s governing board is set to meet Tuesday in open session on a final policy statement on bank merger transactions and a proposed rule related to custodial accounts and deposit insurance. […]
Input on bank-fintech arrangements involving banking products and services is now due a month later than originally scheduled, the federal banking agencies said late Friday. In a series of releases, the agencies said responses to […]
Growing signs of concern in loan performance, capital, and earnings as deposit levels have dropped are among the takeaways cited by the board chairman of the federal credit union regulator as his agency released mid-year […]
Third-quarter and fourth-quarter schedules of examinations for banks’ compliance with the anti-redlining Community Reinvestment Act (CRA) were released recently by federal banking regulators. The 1977 statute requires the Office of the Comptroller of the Currency […]
Earnings of more than $71 billion in the second quarter of 2024 – an 11% increase from the previous quarter – were posted by the nation’s banks, the federal insurer of bank deposits reported Thursday. […]
A Washington, D.C.-based consulting firm will “assist and advise” an anti-sexual harassment plan at the federal bank deposit insurance agency, the agency said late Wednesday. The Federal Deposit Insurance Corp. (FDIC) said Boston Consulting Group […]
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