Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
Six of the 65 banks that received their Community Reinvestment Act (CRA) evaluation ratings in March were rated “needs to improve,” while another were deemed to be “outstanding,” the Federal Deposit Insurance Corp. (FDIC) reported […]
The refocusing of a tech department at the federal bank deposit insurance agency from an external view to an internal one was bemoaned Thursday by the vice chairman of the agency’s board, who called the […]
Billions stored on digital payment apps such as Venmo and PayPal (among others) used by consumers may lack federal savings insurance, the federal consumer financial protection agency warned Thursday; it urged those consumers to transfer […]
Loan and deposit balances for banks were down in the first quarter, but net income – led by higher noninterest income – was up from the previous quarter, according to numbers released Wednesday by the […]
Nine directors of a failed New Orleans bank were either prohibited from ever serving again at a federally insured financial institution, assessed a civil money penalty (CMP) – or both, in one case – in […]
Eight new members of a committee on community banking will take their seats for a June 1 meeting next week, the federal bank deposit insurance agency said Friday. The eight new members of the Advisory […]
Three bankers from Wisconsin, the District of Columbia and Georgia are joining a subcommittee on minority depository institutions for the federal bank deposit insurance agency, it was announced Thursday. The Federal Deposit Insurance Corp. (FDIC) […]
A proposed rule that would spread a special deposit insurance assessment among 113 banks having large amounts of uninsured deposits is out for comment until July 21, according to a notice in Monday’s Federal Register. […]
The panel that advises the Federal Deposit Insurance Corp. (FDIC) on ways to expand access to banking services for underserved populations is slated to meet Wednesday from 9 a.m. to 4 p.m. Eastern. During the […]
Title: Special Assessments Pursuant to Systemic Risk Determination Subject: Special deposit insurance assessment Agency: FDIC Status: Proposed rule Summary: The FDIC is seeking comment on a proposed rule that would impose special assessments to […]
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