FDIC – Regulatory Report

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[ April 17, 2025 ] Deepfakes can be battled with updated guidance, rules, Fed governor asserts The Fed
[ April 17, 2025 ] OCC prohibits three from larger banks for alleged theft, fraud, funds misappropriation OCC
[ April 16, 2025 ] Credit union regulator cancels Thursday board meeting after Trump fires panel’s 2 Democrats NCUA
[ April 16, 2025 ] Tariffs likely to ignite higher inflation, slower growth, Fed chair reports; temporary, or more persistent is uncertain The Fed
[ April 16, 2025 ] National regulator reaffirms bank partnerships with fintechs, promotes ‘responsible’ digital asset use in remarks OCC

Appraisal requirements paused nearly three years for real estate deals in LA wildfire zones

April 15, 2025 0

Certain appraisal requirements for real estate-related transactions are temporarily paused to help facilitate recovery efforts in areas affected by the Los Angeles County wildfires earlier this year, the three federal banking agencies and the federal […]

Corresponding with FDIC on supervisory stuff? Electronic communications preferred (permanently)

April 15, 2025 0

Electronic communications for supervisory correspondence is now the permanent, preferred method for the federal bank deposit insurance agency, it said Tuesday. In March 2020, the Federal Deposit Insurance Corp. (FDIC) began using electronic communications from […]

Former executive of East St. Louis bank indicted for check-kiting theft of nearly $2 million

April 10, 2025 0

A former banker has been charged for engaging in a nearly $2 million check kiting fraud scheme at an East St. Louis, Ill., bank, the inspector general for the federal bank deposit insurance agency said […]

FDIC preparing new FAQs on bank resolution plans, waiving some content requirements

April 8, 2025 0

Updated “frequently asked questions” (FAQs) about bank resolution plan submissions are in the offing by the federal bank deposit insurance agency, its acting board chairman said Tuesday. In public remarks to a conference of the […]

Two banks need improvement in CRA compliance, but three earn ‘outstanding’ compliance ratings from FDIC

April 4, 2025 0

Two banks earned ratings of “needs improvement,” and three others scores of “outstanding” — out of 61 total banks — for their compliance with anti-redlining regulations, the federal bank deposit insurance agency said Friday in […]

Call reports for first quarter due by month’s end; agencies prepare multi-factor ID for future submissions

April 2, 2025 0

Call reports for the first quarter – which contain no new data items – are due from banks in most cases by April 30, the federal banking agencies said Wednesday. However, the agencies advised in […]

CRA resumes six-year ping-pong role as banking agencies announce intent to rescind latest version adopted two years ago

March 28, 2025 0

The regulation implementing anti-redlining laws will change for a third time in the last six years, according to the federal banking regulators who have agreed to rescind the latest changes adopted in 2023, the agencies […]

Calling past crypto approach ‘flawed,’ FDIC gives banks green light on ‘permissible’ activities

March 28, 2025 0

Banks may “engage in permissible crypto-related activities” without receiving prior approval from the federal bank deposit insurance agency, it said in a financial institution letter (FIL) issued Friday. The guidance provided by the Federal Deposit […]

‘Contours of change’ at FDIC resulting from firings, deferred resignations, ‘remain unclear,’ report finds

March 20, 2025 0

The “contours of changes” to the federal bank deposit insurance agency “remain unclear” resulting from the series of executive orders from the Trump administration aiming to reduce government size, the agency’s inspector general said in […]

Comments due April 10 on bank merger policy rescission; FDIC plans future revision

March 14, 2025 0

Public comments on a bank regulator’s proposal to rescind its September 2024 bank merger policy statement, and reinstate its prior policy statement on an interim basis, are due April 10, according to a notice in […]

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Deepfakes can be battled with updated guidance, rules, Fed governor asserts

April 17, 2025 0

Deepfakes – replicating a person’s entire identity through artificial intelligence (AI) – are on the rise, a Federal Reserve Board governor said Thursday, but he said the phony IDs can be challenged by regulators with updated guidance and rules. Speaking [...]
OCC prohibits three from larger banks for alleged theft, fraud, funds misappropriation

April 17, 2025 0

Three prohibition orders against bankers who allegedly misappropriated funds, committed fraud or committed embezzlement were made public Thursday by the national bank regulator. The Office of the Comptroller of the Currency (OCC), in a release, said it has prohibited: Nick [...]
Credit union regulator cancels Thursday board meeting after Trump fires panel’s 2 Democrats

April 16, 2025 0

The National Credit Union Administration (NCUA) canceled its open board meeting slated for Thursday after the White House Wednesday fired Democrats Todd Harper and Tanya Otsuka from their seats on the board. The firings, reported by industry trade publications, including [...]
Tariffs likely to ignite higher inflation, slower growth, Fed chair reports; temporary, or more persistent is uncertain

April 16, 2025 0

Elevated levels of unemployment or inflation can be damaging and painful for communities, families, and businesses, the chair of the nation’s central bank said Wednesday as he pointed to higher tariffs that are likely to cause higher inflation and slower [...]
National regulator reaffirms bank partnerships with fintechs, promotes ‘responsible’ digital asset use in remarks

April 16, 2025 0

Embracing bank-fintech partnerships and expanding “responsible bank activities involving digital assets” are two of the top four priorities of the acting leader of the national bank regulator, he told a Washington group Wednesday. Speaking before the Exchequer Club (a Washington-based [...]
OCC reorganizes bank supervision, info technology functions

April 16, 2025 0

The national bank regulator on Wednesday announced it was combining its midsize and community bank supervision and large bank supervision functions to create a new bank supervision and examination “line of business.” It said it is also reinstating its chief [...]
OCC contends February security breach was limited in scope; continues review of systems

April 15, 2025 0

A February security breach at the national bank regulator affected an account that “existed solely” in the cloud environment, with no evidence of compromise “affecting other accounts in the tenant,” the regulator said in a letter to banks it released [...]
Appraisal requirements paused nearly three years for real estate deals in LA wildfire zones

April 15, 2025 0

Certain appraisal requirements for real estate-related transactions are temporarily paused to help facilitate recovery efforts in areas affected by the Los Angeles County wildfires earlier this year, the three federal banking agencies and the federal credit union regulator said Tuesday. [...]
Corresponding with FDIC on supervisory stuff? Electronic communications preferred (permanently)

April 15, 2025 0

Electronic communications for supervisory correspondence is now the permanent, preferred method for the federal bank deposit insurance agency, it said Tuesday. In March 2020, the Federal Deposit Insurance Corp. (FDIC) began using electronic communications from and to banks for supervisory [...]