FDIC – Page 143 – Regulatory Report

What's up

[ January 8, 2025 ] Banks in areas affected by California fires may close, OCC proclaims OCC
[ January 7, 2025 ] Final rule limiting use of medical information by creditors, including eligibility for credit, given green light CFPB
[ January 7, 2025 ] CFPB, citing ‘sham investigations,’ says Experian failed consumers who disputed credit report data; suit seeks redress, fines CFPB
[ January 7, 2025 ] Credit risk, balance sheet management top supervisory priorities in 2025 by credit union regulator NCUA
[ January 6, 2025 ] Fed’s top supervisor announces resignation effective next month in advance of new president The Fed

FDIC hosts webinar Feb. 19 on standardized export of imaged loan docs

January 31, 2019 0

A one-hour webinar on the standardized export of imaged loan documents initiative will be held from 2 – 3 p.m. ET on Feb. 19, the Federal Deposit Insurance Corp. (FDIC) said in a Financial Institution Letter […]

FDIC to terminate receiverships of two MI, CA banks

January 30, 2019 0

The federal bank deposit insurer plans to terminate its decade-long receiverships of two banks within 30 days and will accept comments before that period runs out. The Federal Deposit Insurance Corp. (FDIC) will terminate the […]

FDIC continues 2% reserve ratio target for insurance fund

January 30, 2019 0

The “designated reserve ratio” for the federal bank deposit insurance fund will remain at 2% in 2019, unchanged from last year, according to a notice published Thursday in the Federal Register. The designated reserve ratio […]

Agency publishes inflation-adjusted increases in fines for New Year

January 30, 2019 0

An increase in maximum civil money penalties (CMPs), including of up to more than $2 million in the top tier, up from about $1.9 million – will be published by the Federal Deposit Insurance Corp. (FDIC) […]

Thresholds Increase for the Major Assets Prohibition of the Depository Institution Management Interlocks Act Rules

January 30, 2019 0

Title: Thresholds Increase for the Major Assets Prohibition of the Depository Institution Management Interlocks Act Rules Subject: Interlocks Agency: FDIC, Federal Reserve, OCC Status: Final rule Summary: The OCC, the Board, and the FDIC (collectively, […]

Agencies to publish asset threshold increase to $10 billion on management interlocks prohibition

January 30, 2019 0

The asset threshold of a prohibition on management officials of banks serving as officials of unaffiliated institutions would be increased to $10 billion – from the current $2.5 billion – under a proposal to be […]

Loans in Areas Having Special Flood Hazards

January 29, 2019 0

Title: Loans in Areas Having Special Flood Hazards Subject: Flood insurance Agency: FDIC, Federal Reserve, NCUA, OCC (FCA) Status: Final rule Summary: The Office of the Comptroller of the Currency (OCC), the Board of Governors […]

Agencies adopt final rules giving FIs more flexibility in flood insurance acceptance

January 29, 2019 0

Final rules requiring financial institutions to accept flood insurance policies that meet the statutory definition of “private flood insurance” – and to allow financial institutions to exercise their own discretion in accepting other plans, including […]

Banking agencies report credit quality up some, but risk still elevated in leveraged loans

January 25, 2019 0

A 2018 review of large syndicated bank loans showed a decline in portfolio risk due to improving conditions in most sectors, but the dollar volume of loans rated lower than “pass,” as a percentage of […]

Banks face fines for flood insurance violations; three prohibited for alleged embezzlement, theft

January 25, 2019 0

Flood insurance violations at two banks led to civil money penalties (CMPs) totaling more than $20,000 between them, according to enforcement actions for December released Friday by the federal insurer of bank deposits. The report […]

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Banks in areas affected by California fires may close, OCC proclaims

January 8, 2025 0

National banks and federal savings institutions may close in areas affected by the fires in the Los Angeles area, the national bank regulator said Wednesday. The Office of the Comptroller of the Currency (OCC) said, by its proclamation, it expects [...]
Final rule limiting use of medical information by creditors, including eligibility for credit, given green light

January 7, 2025 0

A regulatory exception that previously permitted a creditor to obtain or use medical information, including medical debt information, is removed under a new rule on medical debt collection issued Tuesday by the federal consumer financial protection agency. The Consumer Financial [...]
CFPB, citing ‘sham investigations,’ says Experian failed consumers who disputed credit report data; suit seeks redress, fines

January 7, 2025 0

A lawsuit alleging that consumer reporting agency Experian unlawfully failed to properly investigate consumers’ disputes over information in their credit reports was filed Tuesday by the Consumer Financial Protection Bureau (CFPB). The CFPB said that Experian Information Solutions, Inc. – [...]
Credit risk, balance sheet management top supervisory priorities in 2025 by credit union regulator

January 7, 2025 0

Credit risk, balance sheet management, and risk to earnings and net worth are among the top supervisory priorities for the federal credit union agency in the new year, it said in a letter to the institutions is supervises Tuesday. The [...]
Fed’s top supervisor announces resignation effective next month in advance of new president

January 6, 2025 0

The top regulatory supervisor for the Federal Reserve will step down from his post in late February but will remain on the board of the agency as he continues to fill his board term which runs to the next decade, [...]
CFPB sues Berkshire Hathaway affiliate that it says pushed people into unaffordable mobile home loans

January 6, 2025 0

A suit filed Monday by the federal consumer financial protection agency says that a financing unit of Clayton Homes, Inc. – the largest manufactured home builder in the U.S. and a wholly owned subsidiary of Berkshire Hathaway, Inc. – provided [...]
Eighth largest bank earns ‘outstanding’ rating for CRA compliance in FDIC latest rankings

January 3, 2025 0

Five banks – including eighth largest in the nation — were rated “outstanding” in their lending to low- and moderate-income (LMI) borrowers following examinations for anti-redlining rules; one bank was rated “needs improvement,” according to results for October released Friday [...]