FDIC – Page 112 – Regulatory Report

What's up

[ 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

FDIC, Fed extend comment period to Feb. 28 on CAMELS request for info

December 31, 2019 0

Banking organizations will have more time – two months more – to provide input to a request for information (RFI) on the consistency of ratings provided through the Uniform Financial Institutions Rating System, better known […]

Community Reinvestment Act Regulations

December 31, 2019 0

Title: Community Reinvestment Act Regulations Subject: CRA Agency: FDIC, Federal Reserve, OCC Status: Final rule Summary: The OCC, the Board, and the FDIC (collectively, the Agencies) are amending their Community Reinvestment Act (CRA) regulations to […]

Four statements of policy withdrawn after agency deems them outdated

December 31, 2019 0

Four statements of policy that have been deemed as outdated – including two dealing with collateral – are being rescinded by the federal insurer of bank deposits, the agency said Tuesday. In a financial institution […]

Nine ‘de novo’ bank applications given green light in 2019 (so far), short of pace for preceding year

December 31, 2019 0

With the application approval of a bank to be located in St. George, Utah, earlier this month, nine “de novo” bank applications have been OK’d by the federal insurer of bank deposits in 2019 – […]

Report points to leveraged lending ‘greater risk’ leading to ‘greater scrutiny’ of practice at banks

December 30, 2019 0

Leveraged lending at banks is on the rise, presenting greater risk and leading to greater scrutiny of the practice by regulators, the federal insurer of bank deposits said in a Dec. 23 report. “Leveraged lending […]

FDIC updates risk management module for examiners

December 20, 2019 0

An examination module addressing risk management is now updated with a new appendix focusing on exam processes and tools, the federal insurer of bank deposits said Friday. Citing its aim to increase transparency into the […]

Fed, FDIC announce 2019 ‘living will’ results; six banks with plan ‘shortcomings’ to address those by March 31

December 17, 2019 0

Resolution plans submitted to federal regulators by six of the eight banks that were required to submit them for 2019 showed “shortcomings” in the banks’ ability, in stressed conditions, to “reliably” produce the data needed […]

Agency holds the line at 2% designated reserve ratio for bank insurance fund

December 17, 2019 0

The “designated reserve ratio” (DRR) for the federal bank deposit insurance fund will remain at 2% in 2020, unchanged from last year and the nine years preceding that, according to filings Tuesday by the Federal […]

Agency loses chief info officer as it continues to seek a top innovation leader

December 17, 2019 0

Changes are taking place in the leadership of data and information services at the federal insurer of bank deposits, as the top officer has resigned and the deputy is taking over. In the meantime, the […]

CRA data from 2018 small business, farm, community development lending available

December 16, 2019 0

Data from 2018 on small business, small farm, and community development lending reported by banks and savings associations under Community Reinvestment Act (CRA) requirements is now available, the federal banking agencies said Monday. In a […]

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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 [...]