Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
The nation’s top regulator of federally chartered banks failed to appear before a House committee’s oversight hearing with other regulators Wednesday, leaving his written statement to speak for him on a variety of key issues, […]
The list of 71 banks receiving evaluation ratings in September for compliance with the anti-redlining Community Reinvestment Act (CRA) shows that only one institution, located in Connecticut, earned less than a “satisfactory” rating from the […]
The value of information not typically found in a consumer’s credit report, used against the backdrop of a well-designed compliance management program, is recognized as potentially helpful in credit underwriting in a statement issued jointly […]
Determining how best to analyze the effects of its regulatory actions on the banking industry, consumers, and the financial system – and do so in a transparent manner – is the aim of a recent request […]
A manual of enforcement actions – formal and informal – is available to the public to provide banks and others with “transparency and clarity,” the federal insurer of bank deposits said Monday. In the public […]
Key points of a recent final rule on the calculation of the exposure amount for derivative contracts are presented in a Financial Institution Letter (FIL) issued Monday by the Federal Deposit Insurance Corp. (FDIC). The […]
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 […]
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, […]
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 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. […]
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