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

Banking agencies call out key crypto-related risks to banks, discuss supervision

January 3, 2023 0

A statement that highlights what they describe as “key risks for banking organizations associated with crypto-assets and the crypto-asset sector” and outlines approaches to supervision was issued jointly Tuesday by the three prudential federal banking […]

FDIC: 3 out of 48 banks rated under anti-redlining law deemed ‘outstanding,’ 1 ‘needs to improve’

January 3, 2023 0

Of the 48 banks receiving their Community Reinvestment Act (CRA) evaluations ratings in October, three were considered “outstanding” and one was rated “needs to improve,” the Federal Deposit Insurance Corp. (FDIC) reported Tuesday. The remaining […]

Consumer exam manual updated to reflect complex bank supervision program, changes in pandemic info

December 30, 2022 0

Compliance examination updates for the complex bank supervision program, and edits to a pre-examination information packet removing references to the coronavirus crisis and legislation targeting the economic fallout from the crisis, were parts of changes […]

Bank earns nearly half-million-dollar fine for RESPA violations

December 30, 2022 0

Violations of real estate settlement procedures resulted in a $425,000 fine against an Oregon bank last month, according to enforcement actions issued Friday by the federal bank deposit insurance agency. The Federal Deposit Insurance Corp. […]

Agencies punt, again, on Reg O application by extending ‘no action’ position for another year

December 22, 2022 0

A “no action” position regarding application of Regulation O was extended for at least another year by the federal banking agencies Thursday, the agencies said in a joint statement. According to the Federal Reserve, Federal […]

FDIC Official Sign and Advertising Requirements, False Advertising, Misrepresentation of Insured Status, and Misuse of the FDIC’s Name or Logo

December 22, 2022 0

Title: FDIC Official Sign and Advertising Requirements, False Advertising, Misrepresentation of Insured Status, and Misuse of the FDIC’s Name or Logo Subject: Deposit Insurance Agency: FDIC Status: Proposed rule Summary: The Federal Deposit Insurance Corporation […]

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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 [...]

Banking agencies call out key crypto-related risks to banks, discuss supervision

FDIC: 3 out of 48 banks rated under anti-redlining law deemed ‘outstanding,’ 1 ‘needs to improve’

Consumer exam manual updated to reflect complex bank supervision program, changes in pandemic info

Bank earns nearly half-million-dollar fine for RESPA violations

Agencies punt, again, on Reg O application by extending ‘no action’ position for another year

FDIC Official Sign and Advertising Requirements, False Advertising, Misrepresentation of Insured Status, and Misuse of the FDIC’s Name or Logo

Year-end bank call report includes updates on accounting for hedging activities

Full board ahead for FDIC as Senate confirms two-time chairman, vice chairman, member

Credit Suisse, BNP Paribas flagged for ‘deficiencies,’ ‘shortcomings’ in living will submissions made in 2021

Inflation pushes definitions of ‘small banks’ lower in 2023 for CRA reporting requirements

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