FDIC

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[ November 21, 2024 ] Bureau finalizes rule extending supervision over digital payment wallet apps CFPB
[ November 21, 2024 ] Number of credit unions with low exam ratings rose in third quarter; strain on balance sheets, consumers, noted NCUA
[ November 21, 2024 ] CFPB publishes adjustments to thresholds under TILA, FCRA CFPB
[ November 21, 2024 ] Ex-CEO of failed Kansas bank prohibited from financial institutions after cryptocurrency scheme The Fed
[ November 18, 2024 ] Final rule provides ‘sharper scalpel’ of penalty, enforcement to foreign investment rules Other

Regulators, with prior knowledge of issues at failed banks, missed early opportunities to take action, report asserts

April 28, 2023 0

Federal regulators were aware of problems at two large regional banks that failed last month, but they failed to finalize or take substantial action before the banks ultimately met their demise, according to a report […]

Small-dollar lending chapter added to FDIC manual

April 28, 2023 0

A new chapter on small-dollar lending examination procedures has been added to the Federal Deposit Insurance Corp.’s (FDIC) Consumer Compliance Examination Manual (CEM), the agency said Friday. The new chapter (V-17.1), the agency said, is […]

FDIC announces 11 enforcements from March, including 4 prohibitions

April 28, 2023 0

Four consent orders barring former bank employees from any future work in insured financial institutions are among the enforcement actions announced Friday by the Federal Deposit Insurance Corp. (FDIC). The FDIC orders state, among other […]

Update those systems to reflect new securities transaction settlement dates, FDIC advises

April 27, 2023 0

Banks should update their systems to reflect the new settlement date for most broker-dealer securities transactions to one day, from the current two days, reflecting new rules adopted by the federal regulator of securities, the […]

Agencies issue joint reminder that U.S. dollar LIBOR ends June 30; urges banks, credit unions to ensure they have ready alternatives

April 26, 2023 0

U.S. dollar (USD) London Inter-Bank Offered Rate (LIBOR) panels end June 30, and banks and credit unions are expected to complete their transition of remaining LIBOR contracts as soon as practicable, the federal banking, credit […]

Bank agencies provide guidance for minimizing risk on overdraft fees, noting ‘substantial injury’ to consumers

April 26, 2023 0

Minimizing consumer compliance risk with overdraft programs is the subject of separate guidance issued Wednesday by two federal banking regulators, particularly with programs that assess an overdraft fee on a transaction that was authorized against […]

FDIC serves up reg relief for banks in areas of Indiana hit by severe storms

April 24, 2023 0

The federal bank deposit insurer has activated disaster-related regulatory relief measures for banks in areas of Indiana affected by severe storms, straight-line winds, and tornadoes. The Federal Deposit Insurance Corp. (FDIC) issued a Financial Institution […]

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Bureau finalizes rule extending supervision over digital payment wallet apps

November 21, 2024 0

Digital payment wallet apps handling more than 50 million transactions annually are subject to a final rule requiring them to follow federal law applied to banks, credit unions and other financial institutions already supervised by the federal consumer financial protection [...]
Number of credit unions with low exam ratings rose in third quarter; strain on balance sheets, consumers, noted

November 21, 2024 0

The number of the lowest-rated credit unions based on their exam scores rose in the third quarter, their federal regulator said Thursday, reflecting strains on balance sheets and their consumer members, according to the agency. That total includes nine troubled [...]
CFPB publishes adjustments to thresholds under TILA, FCRA

November 21, 2024 0

Two adjustments to thresholds under lending disclosure and credit reporting rules were announced Thursday by the federal consumer financial protection agency. The Consumer Financial Protection Bureau (CFPB) said the first threshold adjustment resulted from a final rule it issued amending [...]
Ex-CEO of failed Kansas bank prohibited from financial institutions after cryptocurrency scheme

November 21, 2024 0

The former CEO of a Kansas bank that failed after the embezzlement of $47.1 million in a cryptocurrency scheme has been prohibited permanently from serving at another federally insured financial institution, the Federal Reserve said Thursday. Shan Hanes, 53, of [...]
Final rule provides ‘sharper scalpel’ of penalty, enforcement to foreign investment rules

November 18, 2024 0

A final rule aimed at providing a “sharper scalpel” of penalty and enforcement provisions to rules governing foreign investment in the United States was issued Monday by the Treasury Department, the agency said. The rule enhances “certain procedures” of the [...]
More days allowed for commenting on deposit insurance recordkeeping for custodial accounts

November 18, 2024 0

Forty-five more days are now available for commenting on the proposed deposit insurance recordkeeping rule for banks’ third-party (custodial) accounts, the federal insurer of bank deposits said Monday. With the addition of 45 days, the comment period now extends to [...]

Regulators, with prior knowledge of issues at failed banks, missed early opportunities to take action, report asserts

Small-dollar lending chapter added to FDIC manual

FDIC announces 11 enforcements from March, including 4 prohibitions

Update those systems to reflect new securities transaction settlement dates, FDIC advises

Agencies issue joint reminder that U.S. dollar LIBOR ends June 30; urges banks, credit unions to ensure they have ready alternatives

Bank agencies provide guidance for minimizing risk on overdraft fees, noting ‘substantial injury’ to consumers

FDIC serves up reg relief for banks in areas of Indiana hit by severe storms

Agencies move to be consistent with GAAP for recognizing, measuring TDRs by creditors

Plan for special assessments to cover losses of two failed banks expected next month, FDIC Board announces

Banks in areas of CA, TN eligible for reg relief after torrential rains, tornadoes, mudslides, winds and more

Bureau finalizes rule extending supervision over digital payment wallet apps

Number of credit unions with low exam ratings rose in third quarter; strain on balance sheets, consumers, noted

CFPB publishes adjustments to thresholds under TILA, FCRA

Ex-CEO of failed Kansas bank prohibited from financial institutions after cryptocurrency scheme

Final rule provides ‘sharper scalpel’ of penalty, enforcement to foreign investment rules

More days allowed for commenting on deposit insurance recordkeeping for custodial accounts