FDIC – Page 113 – 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

CA bank earns penalty for failing to take action over BSA compliance shortcomings

December 2, 2019 0

A California bank was assessed a nearly quarter-million-dollar penalty for violating a cease-and-desist order for violations related to compliance with anti-money laundering requirements, the federal insurer of bank deposits said Friday. California Pacific Bank of […]

Agency schedules more than 500 CRA exams during first half of 2020

December 2, 2019 0

More than 500 banks and savings institutions are scheduled to receive examinations for anti-redlining regulation compliance during the first and second quarters of 2020, the federal insurer of bank deposits said Friday. In a release, […]

RFI seeks input on agency’s analysis of regulatory actions to establish structured approach

November 27, 2019 0

Input on how the federal insurer of bank deposits analyzes the effects of its regulatory actions is being sought by the agency, in what it says is a key part of its transparent and credible […]

Banks realize 7.3% drop in net income in third quarter; ROAA also falls

November 26, 2019 0

Banks and thrifts earned $57.4 billion in the third quarter, down from the same period a year earlier by only because three large banks recorded “nonrecurring events,” the federal insurer of bank deposits said Tuesday. […]

Former trader convicted for price fixing in foreign currency manipulation case

November 22, 2019 0

Akshay Aiyer, a former currency trader, was convicted Wednesday in the U.S. District Court for the Southern District of New York for his participation in an antitrust conspiracy to manipulate prices for emerging market currencies […]

Teleconference planned to answer questions about TRID compliance (but it’s only 90 minutes)

November 22, 2019 0

Questions and answers about real estate disclosure compliance will be offered during a teleconference sponsored by the federal insurer of bank deposits Dec. 11. The teleconference on Truth in Lending Act (TILA) and Real Estate […]

FDIC

FDIC to release third-quarter banking financials next Tuesday

November 21, 2019 0

Banking industry financial results for the quarter ending Sept. 30, 2019, are slated for release at 10:30 a.m. next Tuesday by the Federal Deposit Insurance Corp. (FDIC), according to information on the agency’s website. This […]

Banking agencies finalize updated methodology for counterparty credit risk measurement (SA-CCR)

November 21, 2019 0

Banking regulators this week finalized the standardized approach for measuring counterparty credit risk (SA-CCR), but only after making some changes in response to commenters. According to the agencies’ Tuesday announcement, this updated methodology – adopted […]

Rule excluding custodial activities deposits from supplementary leverage ratio issued

November 19, 2019 0

Changes to a capital requirement for banking organizations predominantly engaged in custodial activities were finalized Tuesday by all three federal banking regulators, to take effect April 1, 2020. The rule – which was finalized following […]

Proposed rule would codify relief for individuals with minor crimes on record seeking bank jobs

November 19, 2019 0

A longstanding policy providing relief for individuals with convictions for certain low-risk crimes from seeking waivers in order to get a job at a bank would be converted into regulation under a proposal issued Tuesday. […]

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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 [...]