FDIC – Page 175 – Regulatory Report

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[ December 20, 2024 ] Three of nation’s largest banks sued for allowing ‘fraud to fester’ on Zelle payment network CFPB
[ December 20, 2024 ] WARM holiday greetings: Agency issues quarterly update to tool for calculating CECL NCUA
[ December 20, 2024 ] FinCEN provides financial institutions ‘red flags’ of potential frauds using FinCEN’s name Other
[ December 20, 2024 ] OCC annual report notes sound banking system, but urges banks to guard against complacency OCC
[ December 19, 2024 ] More than one-third of workers at FDIC witnessed or experienced sexual harassment, report asserts FDIC

Bank deposit insurance fund remains on track to hit reserve target in second half of 2018; larger banks will see surcharges disappear

March 20, 2018 0

The federal insurance fund for bank deposits is expected to reach its statutory reserve target by the second half of this year – good news for larger banks, which will see quarterly surcharges end when […]

Deposit insurer sets deadline for submitting papers to 8th annual Consumer Research Symposium

March 19, 2018 0

The deadline for submitting submissions (on paper) for presentation at the Eighth Annual Consumer Research Symposium, hosted by the Federal Deposit Insurance Corp. (FDIC) in the fall, is June 4. The annual event, set for […]

Final rule to increase appraisal threshold added to deposit insurer board’s meeting agenda

March 16, 2018 0

Consideration of a final rule to implement an increase in the appraisal threshold for commercial real estate transactions has been added as an agenda item for the meeting of the board of the federal deposit […]

Report suggests ‘options’ for Treasury to consider as it reviews community reinvestment (CRA) requirements

March 16, 2018 0

Options for financial institutions to consider in generating more lending to low- to moderate-income (LMI) borrowers should be considered by the Treasury Department as it reviews how community reinvestment requirements are being applied, a new […]

Study shows regulators identifying rising CRE lending risk, taking action

March 15, 2018 0

Banks have increased their risk in commercial real estate (CRE) lending since the Great Recession of 2007-09, but regulators are – for the most part – adequately dealing with the banks that have developed weakness […]

Deposit insurer points to cybersecurity, SIFI resolution, community bank aid as focus for 2018 in plan

March 14, 2018 0

Cybersecurity, post-crisis resolution planning and research on and technical assistance for community banks will be among the items of focus for the federal insurer of bank deposits in 2018, the agency Wednesday in releasing its […]

Deposit insurer schedules meeting to review insurance fund performance, proposed/final rules

March 13, 2018 0

An update of projected deposit insurance fund losses, income, and reserve ratios for the restoration plan will be the main agenda item when the board of the federal savings insurance agency meets next week. The […]

FDIC announces end to 9 bank receiverships

March 7, 2018 0

The Federal Deposit Insurance Corp. (FDIC) has terminated two bank receiverships and plans to end another seven over the next 30 days, according to two notices slated for publication in the March 8 Federal Register. […]

In overcharging consumers for prepaid cards, DE bank will pay $3.3 million in penalties, restitution

March 7, 2018 0

Nearly a quarter-million consumers who were assessed inflated transaction fees by a Delaware bank will be paid about $1.3 million in restitution under a settlement announced by the federal deposit insurer Wednesday. The bank was […]

House gives nod to regulatory review bill, calling for evaluation every seven years (rather than 10)

March 7, 2018 0

Legislation expanding the frequency, scope and coverage of annual regulatory reviews by the federal financial institution regulators was easily passed by the House Tuesday, 264 – 143. The Comprehensive Regulatory Review Act (H.R. 4607) would […]

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Three of nation’s largest banks sued for allowing ‘fraud to fester’ on Zelle payment network

December 20, 2024 0

Claiming three of the largest banks in the country allowed “fraud to fester” on an online payment provider, resulting in more than $870 million lost by customers over seven years, the federal consumer financial protection agency Friday filed suit against [...]
WARM holiday greetings: Agency issues quarterly update to tool for calculating CECL

December 20, 2024 0

The latest life-of-loan – or Weighted Average Remaining Maturity (WARM) – factors are included in the updated simplified tool for credit unions released Friday to measure credit losses, their federal regulator said. The National Credit Union Administration (NCUA) said for [...]
FinCEN provides financial institutions ‘red flags’ of potential frauds using FinCEN’s name

December 20, 2024 0

An alert about fraud schemes abusing the name, insignia, and authorities of Treasury’s financial crimes enforcement unit for financial gain was issued this week to warn corporations, money services businesses and financial institutions and urge that suspected incidents be reported. [...]
OCC annual report notes sound banking system, but urges banks to guard against complacency

December 20, 2024 0

The federal banking system is sound, but banks were urged to guard against complacency and remain vigilant according to the national bank regulator’s 2024 annual report, issued Friday. The Office of the Comptroller of the Currency (OCC) said the report [...]