Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
Receiverships of two banks formerly headquartered in Connecticut and Alabama were terminated Dec. 1 by the Federal Deposit Insurance Corp. (FDIC), according to a notice this week in the Federal Register. The terminated receiverships were […]
The chairman of the federal agency that insures bank deposits set the stage Wednesday for a proposed brokered deposits rule queued up for discussion during this week’s open board meeting, with the proposal expected – […]
A new section on sweep account disclosures was added this month to the Consumer Compliance Examination Manual (CEM) published by the Federal Deposit Insurance Corp. (FDIC), the agency said in an email Tuesday. The new […]
State-by-state profiles on economic and banking conditions were released Monday by the Federal Deposit Insurance Corp. (FDIC), formatted as a quarterly data sheet summation of economic and banking conditions for all 50 states, Puerto Rico, […]
Revising anti-redlining regulations will be on the agenda for the board of the federal insurer of bank deposits when it meets Thursday, along with a proposal on brokered deposits restrictions, the agency said Friday. The […]
Title: Federal Interest Rate Authority Subject: Valid when made Agency: FDIC Status: Final rule Summary: The Federal Deposit Insurance Corporation (FDIC) is issuing regulations clarifying the law that governs the interest rates State-chartered banks and […]
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 […]
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