Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
Severe storms in areas of Oklahoma – including straight-line winds, tornadoes and flooding – have spurred a “regulatory relief” pronouncement Friday for banks in parts of the state by the federal insurer of bank deposits. […]
Two new regional directors, and a new top manager in the risk management division, were named Thursday by the federal insurer of bank deposits. John F. Vogel was named director for the New York region […]
The failure Friday of a $6 billion-in-assets bank in Pennsylvania – the first U.S. bank failure of 2024 – could cost the Federal Deposit Insurance Corp.’s (FDIC) Deposit Insurance Fund (DIF) an estimated $667 million, […]
A bank that the federal bank deposit insurer said violated Federal Trade Commission (FTC) Act and Real Estate Settlement Procedures Act (RESPA) rules was assessed a $500,000 civil money penalty (CMP) in March, the Federal […]
Five new members of the community banking advisory committee to the federal bank deposit insurance agency were named Friday by the organization, which also said the group will attend its first meeting May 2. The […]
Neither of two competing proposals for changes to the federal bank deposit insurer’s rules implementing the Bank Control Act (BCA) were adopted Thursday by the agency’s board after sponsors of the two proposals withdrew them, […]
The federal bank deposit insurer’s Deposit Insurance Fund (DIF) reserve ratio grew from 1.11% June 2023 to 1.15% in December and remains on track to return to its statutory minimum of 1.35% before its statutory […]
Four bankers have been named to the minority depository institutions (MDI) panel that provides feedback to the Federal Deposit Insurance Corp. (FDIC) on how the agency fulfills its statutory goals to support MDIs, the FDIC […]
An update on the agency’s Deposit Insurance Fund (DIF) restoration plan and proposals related to the Change in Bank Control Act are the two discussion items on tap for Thursday’s open meeting of the Federal […]
Public comments on the federal bank deposit insuring agency’s proposed statement of policy on bank merger transactions are due June 18, according to a notice in Friday’s Federal Register. The proposed statement, issued March 21 […]
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