FDIC – Page 105 – Regulatory Report

What's up

[ November 25, 2024 ] Funding risk vulnerabilities remain ‘notable’ among banks, with some MMFs susceptible to runs, report contends The Fed
[ November 25, 2024 ] Prices for Reserve Banks’ ‘mature’ priced services up an average 2.8% for 2025, Fed says The Fed
[ November 21, 2024 ] Bureau finalizes rule extending supervision over digital payment wallet apps CFPB
[ November 21, 2024 ] Number of credit unions with low exam ratings rose in third quarter; strain on balance sheets, consumers, noted NCUA
[ November 21, 2024 ] CFPB publishes adjustments to thresholds under TILA, FCRA CFPB

In joint statement, regulators urge financials to work constructively with customers in areas affected by coronavirus

March 9, 2020 0

Financial institutions should work constructively with borrowers and other customers in communities affected by coronavirus outbreaks, federal financial regulators and their state counterparts said in a joint statement issued Monday. The five federal financial regulatory […]

Fed, FDIC seek comments on resolution plan guidance for foreign banks

March 9, 2020 0

Proposed changes to guidance for resolution plans (or “living wills”) submitted by large foreign banks – including plans due July 1, 2021 – were announced Friday by the Federal Reserve Board and the Federal Deposit […]

FDIC offering retirement, separation incentives to 20% of staff to make room for new

March 5, 2020 0

The federal bank deposit insurer is seeking to encourage about 20% of its staff to take voluntary retirement or to separate early as it seeks to “reshape the agency’s workforce for the future and to […]

Coronavirus concerns move Fed, FDIC, OCC to postpone CRA conference

March 5, 2020 0

Federal banking regulators on Thursday announced they have postponed their 2020 interagency Community Reinvestment Act conference, previously set to kick off next Monday, due to public health concerns related to the coronavirus known as COVID-19. […]

For 2nd time this year, CRA rating of ‘substantial noncompliance’ reported for bank

March 4, 2020 0

For the second time this year – and only the sixth time in 14 years – a financial institution has received a rating of “substantial noncompliance” from the federal insurer of bank deposits for its […]

FDIC’s revised securitization safe harbor rule takes effect about May 4

March 3, 2020 0

A final rule that removes a disclosure requirement by amending the “safe harbor” for financial assets transferred in connection with a securitization transaction is slated for publication Wednesday in the Federal Register and will take […]

UPDATED: CRA evals for Q2, Q3 to cover 142 banks by OCC, 478 by FDIC

February 28, 2020 0

Two federal banking regulators have more than 600 banks, combined, on their respective schedules for evaluations under the anti-redlining Community Reinvestment Act (CRA) during the second and third quarters of 2020, according to releases issued […]

Three prohibited from banking for misuse of funds; bank faces flood insurance violation fine

February 28, 2020 0

Three bankers consented to prohibitions from further participation in the affairs of any federally insured financial institution or agency, and a Montana bank faces a fine for flood insurance compliance violations, according to the latest […]

Prohibitions and Restrictions on Proprietary Trading and Certain Interests in, and Relationships With, Hedge Funds and Private Equity Funds

February 27, 2020 0

Title: Prohibitions and Restrictions on Proprietary Trading and Certain Interests in, and Relationships With, Hedge Funds and Private Equity Funds Subject: Volcker rule; covered funds Agency: FDIC, Federal Reserve, OCC Status: Final rule Summary: The […]

FDIC issues fintech guide for companies seeking to partner with banks

February 25, 2020 0

A new guide to help financial technology companies and others partner with banks was announced Monday by the Federal Deposit Insurance Corp. (FDIC). The guide, “Conducting Business with Banks: A Guide for Third Parties,” was […]

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Funding risk vulnerabilities remain ‘notable’ among banks, with some MMFs susceptible to runs, report contends

November 25, 2024 0

Vulnerabilities from funding risks remain “notable” for the nation’s banks and other institutions, according to a report issued Friday (Nov. 22), with such vehicles as money-market funds (MMFs) and other cash-management vehicles “remaining susceptible to runs owing to structural vulnerabilities.” [...]
Prices for Reserve Banks’ ‘mature’ priced services up an average 2.8% for 2025, Fed says

November 25, 2024 0

Fees for established, mature priced services the Federal Reserve Banks provide to banks and credit unions are rising on average by an estimated 2.8% beginning Jan. 1, excluding FedNow and Fedwire securities priced services, the central bank said Friday. The [...]
Bureau finalizes rule extending supervision over digital payment wallet apps

November 21, 2024 0

Digital payment wallet apps handling more than 50 million transactions annually are subject to a final rule requiring them to follow federal law applied to banks, credit unions and other financial institutions already supervised by the federal consumer financial protection [...]
Number of credit unions with low exam ratings rose in third quarter; strain on balance sheets, consumers, noted

November 21, 2024 0

The number of the lowest-rated credit unions based on their exam scores rose in the third quarter, their federal regulator said Thursday, reflecting strains on balance sheets and their consumer members, according to the agency. That total includes nine troubled [...]
CFPB publishes adjustments to thresholds under TILA, FCRA

November 21, 2024 0

Two adjustments to thresholds under lending disclosure and credit reporting rules were announced Thursday by the federal consumer financial protection agency. The Consumer Financial Protection Bureau (CFPB) said the first threshold adjustment resulted from a final rule it issued amending [...]
Ex-CEO of failed Kansas bank prohibited from financial institutions after cryptocurrency scheme

November 21, 2024 0

The former CEO of a Kansas bank that failed after the embezzlement of $47.1 million in a cryptocurrency scheme has been prohibited permanently from serving at another federally insured financial institution, the Federal Reserve said Thursday. Shan Hanes, 53, of [...]