Metal investing – Regulatory Report

What's up

[ June 15, 2021 ] Deposit insurance fund sinks to 1.25% of savings insured, but agency stays on track with restoration plan FDIC
[ June 15, 2021 ] Proposal seeks to align real estate lending standards with new CBLR rule FDIC
[ June 15, 2021 ] CFPB report: Below-threshold HMDA reporters appear to make more investment-purpose loans CFPB
[ June 15, 2021 ] MDI preservation, communication with agency targets of new FDIC policy FDIC
[ June 14, 2021 ] Credit union regulator readies final rules on bank purchases, mitigation of CECL impact NCUA

Rule prohibits dealing, investing in commercial metals

January 3, 2017 0

National banks and federal savings associations (FSAs) are prohibited as of April 1 from dealing or investing in industrial or commercial metals under a rule finalized Dec. 28 by the OCC. According to an OCC […]

Deposit insurance fund sinks to 1.25% of savings insured, but agency stays on track with restoration plan

June 15, 2021 0

A plan to return the insurance fund that covers bank deposits to a reserve ratio of 1.35% of total savings insured will stay on course, the governing board of the fund said Tuesday, primarily because the agency believes depositor behavior [...]
Proposal seeks to align real estate lending standards with new CBLR rule

June 15, 2021 0

Aligning real estate lending standards with the new community bank leverage ratio (CBLR) rule is the aim of a proposal issued Tuesday by the board of the federal deposit insurance agency. The proposal by the Federal Deposit Insurance Corp. (FDIC), [...]
CFPB report: Below-threshold HMDA reporters appear to make more investment-purpose loans

June 15, 2021 0

A preliminary analysis of the differences in lending patterns for lenders below and above the 100-loan closed-end threshold for Home Mortgage Disclosure Act (HMDA) reporting showed that lenders with the smaller volumes of loans appear to make more investment-purpose loans [...]
MDI preservation, communication with agency targets of new FDIC policy

June 15, 2021 0

Promoting the preservation of minority depository institutions (MDIs) and enhancing communication those banks and the federal insurer of deposits is the focus of a new policy statement issued by the agency Tuesday. In a release, the Federal Deposit Insurance Corp. [...]