FDIC – Page 116 – Regulatory Report

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[ 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

Removal of Transferred OTS Regulations Regarding Certain Regulations for the Operations of State Savings Associations

November 1, 2019 0

Title: Removal of Transferred OTS Regulations Regarding Certain Regulations for the Operations of State Savings Associations Subject: OTS regulations Agency: FDIC Status: Proposed rule Summary: In this notice of proposed rulemaking (NPR), the Federal Deposit […]

FDIC complies with federal spending transparency requirements, audit finds

November 1, 2019 0

Financial and award data published by the federal insurer of bank deposits is “complete, timely, of sufficient quality, and accurate,” according to an audit performed, and published Friday, by the agency’s inspector general. “We determined […]

‘Simplified,’ reduced capital framework for banks under $10 billion finalized

October 29, 2019 0

Community banks with less than $10 billion in assets (among other requirements) could qualify for simplified capital requirements under a rule finalized Tuesday by the federal banking regulators. The Federal Deposit Insurance Corp. (FDIC), the […]

OIG finds FDIC info security program at a level not considered effective, but says improvements underway

October 28, 2019 0

The overall score earned by the information security program of the federal bank deposit insurer shows the agency’s program remains less than effective, according to the metrics used for the evaluation detailed Monday by the […]

Report pinpoints credit, market risks as key for banking industry going into new fiscal year

October 28, 2019 0

Credit risk in the areas of agriculture, commercial real estate, energy, housing, leveraged lending and corporate debt, and nonbank lending, and market risk in the areas of interest rate risk and deposit competition, and liquidity are […]

Agencies clear swap margin rule proposal for Federal Register; Brainard echoes concern about inter-affiliate swaps

October 28, 2019 0

A joint-agencies proposal to revise swap margin rules to remove the need for holding initial margin for uncleared swaps with affiliates is headed for publication soon in the Federal Register, after which comments will be […]

No, wait – that’s 3 bank failures in 2019, the latest to cost $2.2 million

October 25, 2019 0

About an hour after announcing the second insured-bank failure of 2019, the federal insurer of bank deposits announced a third failure – that of Resolute Bank in Maumee, Ohio, which was closed Friday by the […]

2nd bank in 2019 fails – this one in Kentucky — at cost of $4.5 million

October 25, 2019 0

A second bank has failed this year as the federal insurer of bank deposits said Friday it closed a Kentucky institution at a cost of $4.5 million. The Federal Deposit Insurance Corp. (FDIC) said it […]

Wrong numbers: Bank fined $275,000 for placing marketing calls to ‘do-not-call’ registrants

October 25, 2019 0

An Oregon bank has agreed to pay a $275,000 civil money penalty (CMP) for placing telemarketing calls to consumers on the “Do-Not-Call” registry and using an automated dialing system to send pre-recorded or text messages […]

FDIC, OCC among four U.S. agencies to join global network for financial innovation

October 24, 2019 0

Four U.S. financial institution and capital markets regulators announced they have joined the Global Financial Innovation Network (GFIN), a global network of regulators and other organizations focused on financial innovation “in the interests of consumers.” […]

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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 [...]