Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
A joint statement from regulators Friday seeks to clarify how banks and credit unions can apply a risk-based approach to politically exposed persons (PEPs) – and this is not interpreted to include U.S. public officials […]
A final rule narrowing the conditions for required written consent from the banking regulator to hire individuals with minor criminal offenses on their records will take effect Sept. 21, according to the agency’s notice in […]
An “in-depth review of loss” will not be conducted over the failure of a Nebraska bank early this year that cost the federal bank savings insurance program about $14 million in losses, the agency said […]
Mid-year bank performance numbers – which should reflect the impact of the coronavirus crisis in detail on the nation’s banking industry – will be released by the federal insurer of bank deposits Aug. 25, the […]
A statement intended to clarify and provide transparency on how regulators evaluate enforcement actions required by law in response to Bank Secrecy Act/anti-money laundering (BSA/AML) violations was issued jointly by federal bank and credit union […]
Bank employees and bank officers are the target audience for a series of four identical deposit insurance seminars scheduled to be held remotely between Sept. 15 and Dec. 10 by the Federal Deposit Insurance Corp. […]
Instability of consumer credit models can be a significant source of risk for lenders – particularly for financial technology (fintech) firms and others, a paper released Wednesday by the federal insurer of bank deposits implied. In […]
Apparently expressing confidence that students will be actually returning to their schools over the next few weeks, federal bank, credit union, and consumer financial protection regulators are scheduling a webinar late this month on financial […]
A project manager employed by a major retailer has pleaded guilty to bank fraud charges for fraudulently seeking more than $8 million in forgivable Paycheck Protection Program (PPP) bank loans, the Federal Deposit Insurance Crop. […]
Consolidating its online tools for researching banks, including their financials and details on mergers, is the aim of a new section on the website of the federal insurer of bank deposits, the agency said Wednesday. […]
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