Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
Two letters to financial institutions were issued Tuesday to detail the measures in place to help financial institutions working in areas of Florida affected by this month’s Hurricane Milton and those in Arizona affected by […]
The public comment period on the federal bank deposit insurer’s proposed tightening of brokered deposit restrictions has been pushed from Oct. 22 to Nov. 21, the agency announced in a recent Financial Institution Letter (FIL). […]
The threshold will increase from $32,400 to $33,500 for higher-priced mortgage loans that are subject to special appraisal requirements, the federal banking and consumer financial protection agencies said Friday. The new threshold takes effect Jan. […]
Of the 55 banks receiving their Community Reinvestment Act (CRA) evaluations ratings in July, 48 were rated “satisfactory,” according to the federal bank deposit insurer. The remaining seven were assigned “outstanding,” “needs to improve,” or […]
About half of all U.S. banks were using or considering using financial technology in their small business lending process, according to a report issued Wednesday by the federal insurer of bank deposits. However, the report […]
Federal financial institution regulatory agency efforts to assist banks, credit unions and their communities in areas stricken by Hurricane Helene shifted to a consolidated, coordinated approach Wednesday for regulatory relief as the regulators issued joint […]
A proposed rule to strengthen recordkeeping regarding deposits placed in insured depository institutions by third-party firms is out for comment until Dec. 2, according to a Federal Register notice Wednesday. The Federal Deposit Insurance Corp. […]
Banks in areas of Florida, Georgia, North Carolina, and South Carolina ravaged by high winds and flooding caused by Hurricane Helene were Tuesday offered regulatory relief to help them help their communities recover. The Federal […]
Two banks that reportedly are part of Bread Financial Inc. were each assessed their own $1 million civil money penalties (CMPs) by the federal bank deposit insurer over alleged violations of the Federal Trade Commission […]
With all the coverage of the devastating effects of Hurricane Helene over the past 24 hours, it may be easy to forget the impact of an earlier storm – Tropical Storm Debby – for which […]
Copyright (c) 2022, RegReport.info; Contact: editor@regreport.info