Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
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) […]
Title: False Advertising, Misrepresentation of Insured Status, and Misuse of the FDIC’s Name or Logo Subject: Misrepresentation of insured status Agency: FDIC Status: Final rule Summary: The Federal Deposit Insurance Corporation is adopting a final […]
Banks have all of July to submit their annual survey of branch office deposits for the year ending June 30, the federal bank deposit insurance agency said Wednesday in a letter to all insured institutions, […]
A total of 335 insured banks and thrifts are included on the anti-redlining Community Reinvestment Act (CRA) evaluation schedules of the federal bank deposit insurer from July 1 through Dec. 31, the agency said in […]
Prohibition and a civil money penalty of $140,000 is sought against a bookkeeper who allegedly misappropriated some $181,000 from bank customer accounts over about three years, according to an April notice of intent released Friday […]
Banks’ net income declined $17 billion to $59.7 billion in the first quarter of 2022, a 22.2% drop from the same time a year ago, with growth in provision expense driving that 12-month decline, the […]
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