An exemption from the requirements of the customer identification program (CIP) rules for loans extended by banks and credit unions and their subsidiaries to all customers to facilitate purchases of property and casualty insurance policies […]
A proposed voluntary certification program to promote new technologies is one of five items on the agenda for the Oct. 14 inaugural meeting of an advisory committee of state regulators assembled by the federal insurer […]
A final rule temporarily lowering the community bank leverage ratio (CBLR) threshold to 8% through 2020 and transitioning it to 9% by 2022 is slated for publication Friday in the Federal Register. The final rule, […]
The Federal Deposit Insurance Corp. (FDIC) Advisory Committee on Economic Inclusion will meet via webcast. The agenda focuses on updates from the committee members about key challenges facing their communities or organizations, results of the […]
An interim final rule implemented in March and finalized in August to ensure against abrupt, automatic regulatory restrictions on banks’ capital distributions is finally making it into the Federal Register. Slated to publish in the […]
Title: Regulatory Capital Rule and Total Loss-Absorbing Capacity Rule: Eligible Retained Income Subject: Eligible retained income Agency: FDIC, Federal Reserve, OCC Status: Final rule Summary: The OCC, Board, and FDIC (together, the agencies) are adopting […]
An advisory panel that focuses on ways to expand access to banking services by underserved populations is set to meet publicly via webcast Oct. 22 to discuss, among other things, the impact of the COVID-19 […]
Sixty-eight “satisfactory” and six “outstanding” ratings were awarded to banks in July for their performance under rules implementing the anti-redlining Community Reinvestment Act (CRA), according to the October list of banks examined for CRA compliance […]
The extent of “irregular loans” contributing to “an extraordinarily high estimated loss rate” at a failed Texas bank last year has led the inspector general of the federal insurer of bank deposits to issue a […]
Temporary rules established to counter the financial impact of the coronavirus crisis – on real estate appraisals and evaluations, and the impact on regulatory capital of participating in special lending facilities – were made final […]
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