A new framework for determining whether bank deposits placed through placement arrangements qualify as brokered deposits is part of a proposal issued by the Federal Deposit Insurance Corp. (FDIC) Board Thursday. Under the notice of […]
A proposed rule that would give banks new flexibility when working to comply with anti-redlining laws was approved for comment by the board of the federal insurer of bank deposits Thursday. On a split vote […]
A budget of $2.02 billion for 2020 was approved by the federal insurer of bank deposits, resulting in a $26 million (1.3%) decrease from the prior year budget, the agency said. In its meeting Thursday, […]
On the eve of a sister regulator moving forward in publicly proposing revisions to rules implementing anti-redlining laws at banks, the chair of the Federal Reserve made it clear that his agency is not ready […]
Receiverships of two banks formerly headquartered in Connecticut and Alabama were terminated Dec. 1 by the Federal Deposit Insurance Corp. (FDIC), according to a notice this week in the Federal Register. The terminated receiverships were […]
The chairman of the federal agency that insures bank deposits set the stage Wednesday for a proposed brokered deposits rule queued up for discussion during this week’s open board meeting, with the proposal expected – […]
The Federal Deposit Insurance Corporation’s Board of Directors will meet in open session at 2:00 p.m. on Thursday, Dec. 12, 2019, to consider the following matters: Summary Agenda: No substantive discussion of the following items […]
A new section on sweep account disclosures was added this month to the Consumer Compliance Examination Manual (CEM) published by the Federal Deposit Insurance Corp. (FDIC), the agency said in an email Tuesday. The new […]
State-by-state profiles on economic and banking conditions were released Monday by the Federal Deposit Insurance Corp. (FDIC), formatted as a quarterly data sheet summation of economic and banking conditions for all 50 states, Puerto Rico, […]
Revising anti-redlining regulations will be on the agenda for the board of the federal insurer of bank deposits when it meets Thursday, along with a proposal on brokered deposits restrictions, the agency said Friday. The […]
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