Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
Updates to the manual used to guide examinations of banks’ and credit unions’ compliance with Bank Secrecy Act/anti-money laundering (BSA/AML) requirements – to promote transparency but setting no new requirements – were released Wednesday by […]
A September bank research conference scheduled jointly by the Federal Deposit Insurance Corp. (FDIC) Center for Financial Research and the Journal of Financial Services Research (JFSR) has been postponed until fall 2021 due to the risks posed […]
Temporary deferrals on real estate-related appraisals and evaluations under federal banking agencies’ interagency appraisal regulations were issued late Tuesday for up to 120 days. The National Credit Union Administration (NCUA) Board is considering a similar […]
A webinar aimed at increasing awareness among the general public of the benefits of federal deposit and share insurance – particularly during the coronavirus crisis – will be held jointly Thursday from 2 to 3 […]
A webinar to discuss a new transition provision in an interagency Interim Final Rule (IFR) to delay the impact that the current expected credit losses methodology (CECL) for estimating allowances for credit losses has on […]
Changes resulting from legislation passed in late March providing banks with regulatory relief in response to the coronavirus crisis will be applied to call reports for March 31, the federal banking agencies said in a […]
Title: Regulatory Capital Rule: Paycheck Protection Program Lending Facility and Paycheck Protection Program Loans Subject: Capital Agency: FDIC, Federal Reserve, OCC Status: Interim final rule Summary: To provide liquidity to small business lenders and the […]
An interim final rule allowing financial institutions to neutralize regulatory capital effects with respect to leverage and risk-based ratios for loans pledged to a new “Payroll Protection Program Loan Facility” was announced Thursday by the […]
A letter urging suspension of efforts to revise Community Reinvestment Act (CRA) rules during the coronavirus (COVID-19) pandemic, and urging a new effort that also includes the Federal Reserve once this crisis passes, was sent […]
Seven elements of a crisis readiness framework should be established to deal with a crisis, including – but not necessarily focusing on – the current coronavirus pandemic, according to the recommendations of the inspector general […]
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