FDIC – Page 149 – Regulatory Report

What's up

[ January 3, 2025 ] Eighth largest bank earns ‘outstanding’ rating for CRA compliance in FDIC latest rankings Data
[ January 2, 2025 ] Three banks earn ‘outstanding’ ratings for CRA compliance as agency closes out reporting for year OCC
[ December 31, 2024 ] Two former credit union workers prohibited from financial institution work, leadership NCUA
[ December 30, 2024 ] Credit union regulator gives green light for some to use investment pilot program NCUA
[ December 30, 2024 ] Agencies, again, extend ‘discretion’ to 2026 on acting against investment funds that own banks FDIC

WEEK AHEAD: Bush memorial services reset schedules: Powell testimony postponed, Kraninger vote unclear

December 3, 2018 0

Memorial services spanning Tuesday through Thursday for former President George H.W. Bush, — who died Friday – are having ripple effects on events in the week ahead affecting federal financial regulators. The effects include a […]

Penalty of $300k assessed for TILA violations

November 30, 2018 0

A civil money penalty (CMP) of $300,000 was assessed against a Louisville, Ky., bank in October, the Federal Deposit Insurance Corp. (FDIC) said Friday; the action was one of 16 enforcement actions taken in October […]

More than 500 institutions on FDIC’s 1Q, 2Q CRA exam schedules

November 30, 2018 0

Approximately 550 banks and thrifts are scheduled for Community Reinvestment Act (CRA) examinations by the Federal Deposit Insurance Corp. (FDIC) during the first two quarters of 2019, according to schedules published Friday. CRA is a […]

Among implications of survey: Banking access through mobile phones holds ‘real promise’ for unbanked, agency says

November 29, 2018 0

Five implications are evident from the results of the most recent “unbanked/underbanked” survey performed by the Federal Deposit Insurance Corp. (FDIC), including that mobile banking holds “real promise” for deepening ties between the unbanked and […]

FDIC leader outlines list of proposals for reforming resolution process

November 28, 2018 0

Declaring she disagrees with those who believe bank resolution and regulatory requirements should be untouched “until the next crisis hits,” the board chairman of the federal insurer of bank deposits outlined a number of proposed […]

FDIC plans $750 million in credits to small banks, no more big-bank surcharges

November 28, 2018 0

An estimated $750 million in credits are in store for small, federally insured banks now that the federal bank deposit insurance fund has reached, and exceeded, its statutorily required minimum reserve ratio, the Federal Deposit […]

FDIC changes to CMP rules final, effective Jan. 15

November 27, 2018 0

Duplicative language related to civil money penalty (CMP) amounts in rules of agency practice and procedure is removed, and statutory changes for CMP inflation adjustments are codified, in a final rule issued by the federal […]

Old thrift supervisor’s rules on trusts powers removed, but agency retains requirements for explicit permission before powers are exercised

November 26, 2018 0

The Federal Deposit Insurance Corp. (FDIC) is removing from its roster of regulations some old rules on trust powers that were promulgated by the Office of Thrift Supervision (OTS), but it’s modifying FDIC rules to […]

Kraninger confirmation vote, Fed governor speeches, Senate hearing on money laundering ahead this week

November 26, 2018 0

A much-anticipated Senate vote to confirm the next consumer financial protection bureau director is among the top items slated for the coming week, along with speeches about financial stability and monetary policy by the chairman […]

‘Simple’ capital adequacy measure for banks, BHCs under $10 billion proposed

November 21, 2018 0

A simpler capital framework for qualified banks and bank holding companies (BHCs) with less than $10 billion in total consolidated assets was proposed in a notice issued jointly Wednesday by the federal bank and bank […]

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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 [...]
Three banks earn ‘outstanding’ ratings for CRA compliance as agency closes out reporting for year

January 2, 2025 0

Three banks earned “outstanding” ratings in December for their efforts to make loans in low- and moderate-income (LMI) areas, the regulator of national banks said Thursday. The banks are The First National Bank of Sparta (Sparta, Ill.), First Seacoast Bank [...]
Two former credit union workers prohibited from financial institution work, leadership

December 31, 2024 0

Two former credit union workers in Virginia and Georgia were the subjects of prohibition actions in December, the federal regulator said Tuesday. The actions permanently prohibit both from participating in the affairs of any federally insured depository institution (although both [...]
Credit union regulator gives green light for some to use investment pilot program

December 30, 2024 0

Up to 30 complex federal credit unions (FCUs) will be allowed to engage in investment activities prohibited under portions of federal rules – but permitted by statute – under a pilot program approved Monday by the board of the federal credit [...]
Agencies, again, extend ‘discretion’ to 2026 on acting against investment funds that own banks

December 30, 2024 0

Once again, federal banking agencies said no action will be taken against banks or other firms that sponsor, manage, or advise investment funds and institutional accounts that become principal shareholders of banks. The agencies made the announcement Friday. The agencies [...]