Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
Deposit insurance coverage, in the wake of recent failures of three large regional banks, was a common theme among federal financial regulators as they testified before a House committee Tuesday. In testimony before the House […]
A public meeting of the committee that advises the Federal Deposit Insurance Corp. (FDIC) on matters important to community banks is slated for June 1 from 9 a.m. to 3 p.m. Eastern, according to a […]
Big banks with large amounts of uninsured deposits would mostly pay a special assessment meant to cover the costs to the federal bank deposit insurance agency for protecting uninsured depositors with accounts in two failed, […]
The federal bank deposit insurer’s Advisory Committee on Economic Inclusion is scheduled to hold an open meeting May 24 from 9 a.m.-4 p.m., according to a Federal Register notice Friday. The notice from the Federal […]
A report presenting options for deposit insurance reform – with targeted coverage that sets “significantly higher” coverage for business payment accounts described as possibly the most promising with respect to stability – was unveiled Monday […]
An anti-redlining regulation rating of “substantial non-compliance” (SN) was issued for a Salt Lake City bank, according to the May list of banks examined for compliance with the rule and released Wednesday by the federal […]
“Poor management” was the root cause of the failure of a large, regional New York bank last month, according to a report issued Friday by the federal insurer of bank deposits. However, the agency was […]
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 […]
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 […]
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 […]
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