Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
Legislation which clarifies that a person with state banking regulatory experience must be a member of the Federal Deposit Insurance Corp. (FDIC) Board has been introduced in the Senate; a similar measure has been unveiled […]
The top five states increasing deposits over the last year from branches within their states amassed more than $277 billion more in deposits, according to the annual survey of branch office deposits (SOD) for all […]
A proposal on real estate appraisals by the three federal banking authorities has led to a commentary showdown between the banking and appraisal industries – with the former supporting the proposal, and the latter opposing […]
Comments on two key issues will be reported next week by federal credit union and banking regulators. Comments were due Friday to National Credit Union Administration (NCUA) about a proposal on the definition of the […]
Twenty-seven enforcement actions were issued in August by the Federal Deposit Insurance Corporation (FDIC) — including one notice issued in May – the agency announced Friday, including seven orders barring individuals from working at insured […]
To give them time to correct any weaknesses revealed in recent reports, the deadline for the filing of “living wills” by eight very large U.S. banks was extended to July 1, 2019 Thursday by federal […]
Noting that Hurricane Maria caused significant property damage in Puerto Rico and portions of the U.S. Virgin Islands, banks are being encouraged by the Federal Deposit Insurance Corp. (FDIC) to “work constructively with customers experiencing […]
Moving to hinder any “threat to financial stability in times of market stress,” the Federal Deposit Insurance Corp. (FDIC) Board Wednesday adopted a rule on qualified financial contracts (QFCs) to ensure that the compacts do […]
The federal fund that insures savings in banks, thrifts and other financial institutions is on target to reach a reserve ratio of 1.35% by next year – more than two years well ahead of its […]
Simplifying capital rules, particularly provisions related to “high volatility commercial real estate” (HVCRE) is the aim of a notice of proposed rulemaking issued by the Federal Deposit Insurance Corp. (FDIC) board Wednesday. The notice was […]
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