Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
A chief of staff and deputy director of the risk management division of the federal insurer of bank deposits was named Monday by the agency, replacing the previous incumbent who was promoted to another position […]
The appraisal threshold for real estate transactions secured by a 1-to-4 family residential property will rise from $250,000 to $400,000 under a final rule issued Friday by federal banking agencies, but banks will still be […]
Four policy statements that are deemed “outdated and no longer necessary” are proposed to be rescinded by the federal insurer of bank deposits, according to a filing made public Friday. The Federal Deposit Insurance. Corp. […]
The federal bank deposit insurer plans to terminate 13 receiverships, most of which date back to 2009, according to a Federal Register notice. “The liquidation of the assets for each receivership has been completed,” the […]
Insider abuse and fraud by former officers was the cause of the first failure in nearly 18 months at a small Texas bank earlier this year, according to a report from the federal bank deposit […]
The panel that advises the federal bank deposit insurer on matters related to community banking is slated to hold an open meeting Oct. 10 at agency headquarters in Washington. The Federal Deposit Insurance Corp. (FDIC) […]
Factors that determine whether funds on a consumer’s prepaid card are federally insured are detailed in a newsletter issued Tuesday by the Federal Deposit Insurance Corp. (FDIC). The September issue of the newsletter, FDIC Consumer News, […]
Five years in federal prison for a theft of more than $1 million from an elderly couple by a former Texas bank employee – plus forfeiture and restitution of more than $2.6 million – is […]
Supervisory appeals and dispute resolutions are the subjects of eight “listening sessions” for bankers and others to provide their recommendations about those processes in a series that begins early next month and runs through the […]
A bank organizing group developing an application for deposit insurance need not give a specific address of the proposed institution’s main office but should “reasonably describe” the anticipated physical location in its application and in […]
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