Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
A handful of civil money penalty orders and prohibitions are included among the 14 enforcement orders issued in May and released Friday by the Federal Deposit Insurance Corp. (FDIC). In one consent order, the FDIC […]
A review of 144 contractors and employees given privileged access to Federal Deposit Insurance Corp. (FDIC) information systems and data uncovered two instances where the agency’s background investigations were not commensurate with the risk designations […]
Spring rulemaking updates for federal financial regulators were announced this week, featuring a variety of proposed and final rules up for action over the next several months, including modernizing rules implementing the anti-redlining Community Reinvestment […]
Five new members were named Wednesday to an economic inclusion subcommittee by the federal bank deposit insurance agency, which also announced a meeting of the group June 28. The Federal Deposit Insurance Corp. (FDIC) said […]
Deposit growth rates may have slowed from the second quarter of 2021 on, but a staff analysis at the federal bank deposit insurance agency shows that insured deposits resulting from “extraordinary growth” in the first […]
Deposit insurance assessment rates paid by banks would be increased by 2 basis points under a proposal issued Tuesday by the federal bank deposit insurance agency. The proposed assessment rate schedules would begin with the […]
The restoration plan to return the reserve ratio of the federal bank deposit insurance fund, last reported at 1.23%, appears poised for revision, according to the agenda for the June 21 open meeting of the […]
A set of “top 10” provisions from banking regulators’ proposal to modernize Community Reinvestment Act rules for banks was highlighted Monday by the top federal bank deposit insurance official before a community reinvestment group’s meeting […]
The Federal Deposit Insurance Corp. (FDIC) Advisory Committee on Economic Inclusion is set to to hold a public meeting from 1-5 p.m. ET on June 28, according to a notice in Monday’s Federal Register. At […]
Two banks earned ratings of “needs to improve” with regulations implementing anti-redlining laws, the federal insurer of bank deposits said Friday – but six banks earned ratings of “outstanding” compliance. In Community Reinvestment Act (CRA) […]
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