Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
A fraud scheme that was allegedly intended to obtain more than $35 million in federally backed business loans from financial institutions through false documents was charged last week against five by a federal grand jury […]
A final rule designed to spread a special deposit insurance assessment among 113 banks having large amounts of uninsured deposits will be considered by the board of the federal bank deposit insurance agency when it […]
Community Reinvestment Act (CRA) evaluation ratings for 96 banks released Friday included 10 ratings of “outstanding” and two ratings of “needs to improve,” according to data from the top two federal banking regulators. The Federal […]
The federal bank deposit insurer late Friday announced the closure of the $66 million-in-assets Citizens Bank, Sac City, Iowa, and the purchase of the bank’s assets and assumption of all its deposits by Iowa Trust […]
Two new members will join the economic inclusion advisory committee to the federal bank deposit insurance agency when the panel meets next week, the agency said Friday. In a release, the Federal Deposit Insurance Corp. […]
Principles intended to provide a “high-level framework for the safe and sound management of exposures to climate-related financial risks” for banks with $100 billion or more in assets were finalized by the federal banking agencies […]
This story updated to include link to Federal Register notice of final rule. Revisions to rules implementing anti-redlining laws that are designed to “strengthen and modernize” the regulations to “better achieve the purposes of the […]
Missed opportunities to downgrade a troubled bank’s exam ratings and inconsistency in performing timely supervisory activities by the federal insurer of bank deposits contributed to a “material loss” to the insurance fund from the failure […]
The comment period on the large bank capital proposal by the federal banking regulators is now extended to Jan. 16, the three agencies announced Friday. The previous comment period deadline for the regulatory capital rule […]
A final rule revising anti-redlining regulations, and proposed revisions to the debit interchange fee cap – both significant regulations for banks and other financial institutions – will be considered by the Federal Reserve Board next […]
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