Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
U.S. and European banking regulators would share a basis for exchange of information and cooperation in the resolution of financial institutions, with a goal of maintaining financial stability, under a cooperation arrangement announced Thursday. The […]
Federal banking agencies would be required to publish a rationale and comprehensive cost-benefit analysis of the differences between their proposed regulation and the “corresponding international prudential standard” under legislation approved by a House panel Wednesday. […]
Legislation that would require federal banking agencies to provide banks or credit unions written justification of any request to terminate or restrict a customer’s account (except for national security) was passed by the House Monday. […]
Support for the conclusion of efforts to reform the international bank capital standards initiated in response to the global financial crisis was announced Thursday by the federal banking regulatory agencies. In a joint release, the […]
Bank regulators lauded financial institution “regulatory relief” legislation approved Tuesday by the Senate Banking Committee, the vice chairman of the Federal Deposit Insurance Corp. (FDIC) board offering suggestions for tweaking the measure. The Senate panel […]
Two banks received “outstanding” ratings for Community Reinvestment Act (CRA) compliance, and two others marked “needs improvement” in their ratings, according to September evaluation results released by the Federal Deposit Insurance Corp. (FDIC) Tuesday. The […]
Major challenges due to a changing economy, evolving financial services industry, revisions to regulation and emerging consumer protection will have an impact on the insurance, supervision and receiver programs of the Federal Deposit Insurance Corp. […]
More than 500 banks will receive Community Reinvestment Act (CRA) examinations during the first half of 2018, the Federal Deposit Insurance Corp. (FDIC) announced Thursday, with Illinois seeing the most at 37 over the six-month […]
Jelena McWilliams, the top lawyer for First Third Bank of Cincinnati, and a former Senate Banking Committee staff member, is the nominee as the next chairman of the Federal Deposit Insurance Corp. (FDIC), the White […]
A fine assessed on a bank for failure to obtain flood insurance on mortgage loans, and an order for another bank to establish an independent board and hire qualified management, were among the 14 actions […]
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