Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
A new inspector general has taken office for the federal insurer of bank deposits, the agency said Monday, following her confirmation by the Senate late last month. Jennifer L. Fain is the agency’s fourth presidentially […]
Proposed changes in banks’ regulatory reporting, many of which would take effect this June, are discussed in a Financial Institution Letter (FIL) issued Friday by the federal insurer of bank deposits. The Federal Deposit Insurance […]
A comparison of how lending and bank performance during the stagflation periods of the 1970s and recent high inflation with a focus on the effects on deposits is the topic of the latest report from […]
This story has been edited for a correction the FDIC made to its list released Thursday; the list now includes 68 banks, not 69. Four out of the 68 banks whose Community Reinvestment Act (CRA) […]
Nine banks and a company serving banks were slapped with enforcement actions by the federal insurer of bank deposits in November, while one former credit union worker was prohibited from further service at financial institutions […]
Recognizing the use of electronic communications in all aspects of administrative hearings and increasing the “efficiency and fairness of administrative adjudications” is the aim of a rule finalized last week by the federal financial institution […]
One recommendation – that the federal agency that insures bank deposits establish program-level goals, metrics, and indicators related to the agency’s authority to examine banks’ regional service providers – is provided in an agency inspector […]
No changes are necessary to Bank Secrecy Act/anti–money laundering (AML/BSA) compliance programs designed to follow the 2016 Customer Due Diligence (CDD) rule because of the Jan. 1 effective date for the new beneficial ownership information […]
A new sign of federal bank deposit insurance coverage for digital display purposes was approved for industry use late Wednesday by the board of insurance agency late Wednesday. The new sign is intended to be […]
An operating budget for 2024 of nearly $3 billion – down 6.3% from the previous year – was approved by the board of the federal bank deposit insurance agency late Wednesday, the agency said. According […]
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