Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
The receiverships of four banks closed in 2010, 2011, and 2017 were terminated Aug. 1 by the Federal Deposit Insurance Corp. (FDIC), the FDIC said in a Federal Registernotice published Wednesday. The agency was charged […]
One bank earned an “outstanding” rating and another a rating of “needs improvement” out of a total 75 evaluations conducted in May for Community Reinvestment Act (CRA) compliance by the federal insurer of bank deposits, […]
It is critical that federal regulators support technological change at the financial institutions that support their vital communities, and a new technology innovation office will help provide that support, the board chairman of the federal […]
Credit risk, particularly among institutions with concentrations of credit, and market risk with an interest-rate environment presenting earning and funding challenges to banks are the key hazards for banks in the months ahead, especially as […]
A Louisiana man pleaded guilty to lying to financial institutions, insurance providers and government entities in an attempt to secure $17 million in loans and credit for his various farming enterprises, the Justice Department and […]
A final rule by the federal bank deposit insurer giving covered depository institutions an option to seek more time to comply with a rule on recordkeeping for timely deposit insurance determination is set to publish […]
Just in time for the group’s meeting this week, the charter of the Community Bank Advisory Committee (CBAC) to the federal insurer of bank deposits has been recommended for renewal by the agency’s board chairman. […]
Extension of deadlines to 2021 for filing the next round of “living wills” for nearly 100 large banks – mostly foreign, and some domestic – was announced Friday by federal banking regulators, as the agencies said the […]
The federal bank deposit insurer on Friday issued guidance to provide some regulatory relief to banks in Missouri and Texas affected by recent severe storms and flooding – and in Missouri, tornadoes – to make […]
Civil money penalties (CMPs) totaling $155,700 were assessed against two banks in late May and June over their “pattern or practice” of violating the Flood Disaster Protection Act (FDPA), the National Flood Insurance Act (NFIA) […]
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