FDIC – Page 104 – Regulatory Report

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[ January 10, 2025 ] Eying changes ahead this month, FDIC Board vice chair outlines his agenda for new administration FDIC
[ January 10, 2025 ] Bureau seeks public comment on emerging payment mechanisms; proposes rule for how EFTA would cover Federal financial regulation
[ January 9, 2025 ] Agency recognizes first standard-setting group for ‘open banking;’ conditions apply to five-year approval CFPB
[ January 8, 2025 ] Banks in areas affected by California fires may close, OCC proclaims OCC
[ January 7, 2025 ] Final rule limiting use of medical information by creditors, including eligibility for credit, given green light CFPB

New York Fed launches online resource ‘hub’ on coronavirus; FDIC, OCC, NCUA also have Info pages

March 20, 2020 0

A resource “hub” with curated information for business owners, employees, nonprofit, and community organizations impacted by the coronavirus (COVID-19) was launched Friday by the Federal Reserve Bank of New York. This web page is organized […]

Regulatory Capital Rule: Eligible Retained Income

March 19, 2020 0

Title: Regulatory Capital Rule: Eligible Retained Income Subject: Capital Agency: FDIC, Federal Reserve, OCC Status: Interim final rule; request for comments Summary: In light of recent disruptions in economic conditions caused by the coronavirus disease […]

FDIC demands that ‘Monetary Gold’ stop false advertising about consumers’ insured funds

March 19, 2020 0

The federal insurer of bank deposits on Thursday issued a demand that Monetary Gold, a precious metals trader based in Woodland Hills, Calif., cease and correct its misleading advertising that falsely claims consumers’ federally insured […]

Banking regulators issue Q&As to clarify statement on using capital and liquidity buffers

March 19, 2020 0

An interagency set of questions and answers (Q&As) addressing banking regulators’ recent encouragement for banks to use their capital and liquidity buffers to keep lending during the coronavirus pandemic was released Thursday via a Financial […]

FDIC’s McWilliams urges accounting group to postpone CECL implementation, given health crisis

March 19, 2020 0

Certain accounting standards – including those related to current expected credit losses (CECL) – should be either relaxed or postponed due to the financial impact of the coronavirus impact, the board chairman of the federal […]

Regulators clarify: Banks will receive favorable CRA consideration for community development activities in response to coronavirus crisis

March 19, 2020 0

The federal banking agencies will provide favorable consideration under Community Reinvestment Act (CRA) rules of certain banking services and community development activities by banks related to the coronavirus crisis, the agencies said Thursday. In a […]

Two sets of FAQs – one for banks, one for their customers – released to address issues related to financial impact of coronavirus crisis

March 19, 2020 0

Two sets of frequently asked questions (FAQs) – one for financial institutions, one for consumers – about the financial impact of the coronavirus crisis were released Thursday by the federal insurer of bank deposits, including […]

Banking agencies issue rule allowing financial institutions to use new money market liquidity facility

March 19, 2020 0

Following up on the creation of a facility to shore up money market mutual funds, the federal banking agencies Thursday released an interim final rule that gives financial institutions the latitude to actually use the […]

Board gives green light for deposit insurance to pair of new banks, both serving customers via ‘net services

March 18, 2020 0

Two applications for deposit insurance from de novo industrial banks – primarily serving customers through Internet services – were approved by the board of the federal bank deposit insurer Wednesday, with one application approved on […]

FDIC to bank depositors: Your money remains safe; and look out for scammers

March 18, 2020 0

Amid concerns about the coronavirus pandemic, the federal bank deposit insurer on Wednesday issued a statement reminding Americans of the safety of their federally insured deposits and warning them against recent scams involving individuals pretending […]

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Eying changes ahead this month, FDIC Board vice chair outlines his agenda for new administration

January 10, 2025 0

Work on a “new direction” for the federal bank deposit insurer will begin on Jan. 20, the likely next acting chairman of the agency’s board said Friday, including a lesser focus on process, an “open-minded approach” to innovation and technology, [...]
Bureau seeks public comment on emerging payment mechanisms; proposes rule for how EFTA would cover

January 10, 2025 0

Requirements that apply to emerging payment mechanisms – such as those used in video gaming platforms — are the subject of a proposed interpretive rule issued Friday by the federal consumer financial protection agency. The proposal looks at such payment [...]
Agency recognizes first standard-setting group for ‘open banking;’ conditions apply to five-year approval

January 9, 2025 0

A non-profit organization operating in the United States and Canada is the first to be recognized as a standard-setting body for open banking, the federal consumer financial protection agency said late Wednesday. The application by Financial Data Exchange (FDX) to [...]
Banks in areas affected by California fires may close, OCC proclaims

January 8, 2025 0

National banks and federal savings institutions may close in areas affected by the fires in the Los Angeles area, the national bank regulator said Wednesday. The Office of the Comptroller of the Currency (OCC) said, by its proclamation, it expects [...]
Final rule limiting use of medical information by creditors, including eligibility for credit, given green light

January 7, 2025 0

A regulatory exception that previously permitted a creditor to obtain or use medical information, including medical debt information, is removed under a new rule on medical debt collection issued Tuesday by the federal consumer financial protection agency. The Consumer Financial [...]
CFPB, citing ‘sham investigations,’ says Experian failed consumers who disputed credit report data; suit seeks redress, fines

January 7, 2025 0

A lawsuit alleging that consumer reporting agency Experian unlawfully failed to properly investigate consumers’ disputes over information in their credit reports was filed Tuesday by the Consumer Financial Protection Bureau (CFPB). The CFPB said that Experian Information Solutions, Inc. – [...]
Credit risk, balance sheet management top supervisory priorities in 2025 by credit union regulator

January 7, 2025 0

Credit risk, balance sheet management, and risk to earnings and net worth are among the top supervisory priorities for the federal credit union agency in the new year, it said in a letter to the institutions is supervises Tuesday. The [...]