Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
The federal bank deposit insurance agency on Feb. 1 terminated the receivership of Georgia Trust Bank, Buford, Ga., which was closed July 20, 2012, and has another nine receiverships slated to end in 30 days, […]
An advance notice of proposed rulemaking (ANPR) on brokered deposits and interest rate caps by the Federal Deposit Insurance Corp. (FDIC) is out for a 90-day public comment period that ends May 7, according to […]
A proposal for comment on application of the community bank leverage ratio (CBLR) framework to the deposit insurance assessment system is explained in a new Financial Institution Letter issued Tuesday to all banks and thrifts […]
Ninety-two percent of 79 state nonmember banks recently evaluated by their federal deposit insurer for Community Reinvestment Act (CRA) compliance received the rating of “satisfactory,” while three each were rated “outstanding” and “needs to improve,” […]
Submissions for the annual conference on bank research sponsored by the federal bank deposit insurer are due May 1, the agency said Tuesday, with authors advised of the status of their papers by July. The […]
The White House announcement Friday that President Donald Trump intends to make another nomination to fill the open seats on the board of the federal credit union regulator – for the first time in three […]
The public comment periods close this week on banking agencies’ proposal to raise the real estate appraisal threshold for banks to $400,000 and, separately, a proposed adjustment in the funds-availability amounts under Regulation CC. Both […]
A private education loan with a previously reported default that is earmarked for rehabilitation under provisions of regulatory relief legislation enacted last spring is entitled to a safe harbor from federal credit reporting requirements, federal […]
Final guidance for 2019 and later resolution plans (“living wills”) that the eight largest, complex U.S. banking institutions are required to submit each July 1 is slated for publication in the Federal Register Monday. The Federal […]
A final rule on treatment of banks’ reciprocal deposits under the recently enacted regulatory reform law will take effect 30 days after publication in the Federal Register – slated Monday – for an early March […]
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