trust powers – Regulatory Report

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[ 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

Old thrift supervisor’s rules on trusts powers removed, but agency retains requirements for explicit permission before powers are exercised

November 26, 2018 0

The Federal Deposit Insurance Corp. (FDIC) is removing from its roster of regulations some old rules on trust powers that were promulgated by the Office of Thrift Supervision (OTS), but it’s modifying FDIC rules to […]

Proposal would require FDIC consent for state savings associations to exercise trust powers

April 9, 2018 0

The federal agency that insures bank deposits is proposing to eliminate regulations written by a long-departed federal thrift regulatory agency regarding state savings associations’ exercise of trust powers. The proposal would also bring state savings […]

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. [...]