FDIC – Page 21 – Regulatory Report

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[ April 8, 2025 ] OCC now describes February security breach as ‘major incident’ in report to Congress OCC
[ April 8, 2025 ] FDIC preparing new FAQs on bank resolution plans, waiving some content requirements FDIC
[ April 8, 2025 ] Agency issues latest lists of names, addresses for complying with notices for CRA, ECOA, FHA OCC
[ April 4, 2025 ] Two banks need improvement in CRA compliance, but three earn ‘outstanding’ compliance ratings from FDIC FDIC
[ April 2, 2025 ] Call reports for first quarter due by month’s end; agencies prepare multi-factor ID for future submissions FDIC

Rule finalized accepting use of electronic communications in hearings; takes effect April 1

January 2, 2024 0

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 […]

OIG: FDIC’s exam program for regional service providers lacks formal goals, metrics

December 21, 2023 0

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 […]

Regulators make it clear: no changes necessary to AML/BSA programs in face of BOI rule

December 21, 2023 0

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 […]

Final rule adds new digital sign for bank insurance coverage, cracks down on misrepresentations

December 21, 2023 0

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 […]

FDIC Board gives green light to $2.96 operating budget for ’24; includes 189 new positions

December 21, 2023 0

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 […]

Small business loans decreased in ’22, CRA data show in annual regulators’ report

December 20, 2023 0

Data on smallbusiness, small farm, and community development lending during 2022 was released Wednesday by the federal banking regulators, part of their annual obligation under federal anti-redlining laws. According to the fact sheet released by […]

Banks with big CRE concentrations warned to have strong capital, ‘robust’ risk management practices

December 18, 2023 0

Banks with commercial real estate (CRE) concentrations should have strong capital, appropriate credit loss allowance levels, and robust credit risk-management practices, the federal bank deposit insurance agency said Monday in a letter to all banks. […]

FDIC Board to consider ’24 budget, final rule on signage, advertising of insured status at meeting this week

December 18, 2023 0

The 2024 spending plan for the federal bank deposit insurance agency will be up for consideration when its board meets Wednesday at 2 p.m. ET, the agency said Monday. The Federal Deposit Insurance Corp. (FDIC) […]

Agencies extend ‘discretion’ to 2025 on acting against investment funds that own banks

December 18, 2023 0

Action will continue not be taken against banks or other firms that sponsor, manage, or advise investment funds and institutional accounts that become principal shareholders of banks, federal banking regulators said Friday. An interagency statement […]

Agency begins sale of CRE assets for failed bank; transaction centers on $5.8 billion in rent stabilized loans

December 18, 2023 0

A 5% equity ratio in the commercial real estate assets held formerly by a failed New York bank was sold late last week that includes $5.8 billion of rent stabilized or rent controlled multifamily loans, […]

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OCC now describes February security breach as ‘major incident’ in report to Congress

April 8, 2025 0

Classifying a February computer security breach as a “major incident,” the regulator of national banks Tuesday told Congress that the event led to unauthorized access to several of its executives’ and employees’ emails that included “highly sensitive information relating to [...]
FDIC preparing new FAQs on bank resolution plans, waiving some content requirements

April 8, 2025 0

Updated “frequently asked questions” (FAQs) about bank resolution plan submissions are in the offing by the federal bank deposit insurance agency, its acting board chairman said Tuesday. In public remarks to a conference of the American Bankers Association (ABA) in [...]
Agency issues latest lists of names, addresses for complying with notices for CRA, ECOA, FHA

April 8, 2025 0

“Appropriate” names and addresses for notices required by three key statutes dealing with redlining, equal credit and fair housing are outlined in a bulletin issued Tuesday by the national bank regulator, with compliance, if necessary, within 90 days. The Office [...]
Two banks need improvement in CRA compliance, but three earn ‘outstanding’ compliance ratings from FDIC

April 4, 2025 0

Two banks earned ratings of “needs improvement,” and three others scores of “outstanding” — out of 61 total banks — for their compliance with anti-redlining regulations, the federal bank deposit insurance agency said Friday in releasing its April grades. The [...]