FDIC – Page 45 – Regulatory Report

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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

9 banks get ‘outstanding’ CRA ratings in evals by FDIC, OCC; 1 ‘needs to improve’

May 3, 2022 0

Nine out of 69 federally supervised banks evaluated recently for their efforts under the anti-redlining Community Reinvestment Act (CRA) were rated “outstanding,” according to information released Tuesday by regulators, while one was deemed “needs to […]

FDIC revives small business lending survey with invitations sent to about 2,000 banks around the country

May 3, 2022 0

Banks’ small business lending practices and volumes are the subject of an online survey unveiled Tuesday by the federal insurer of bank deposits and the federal census agency, the two groups said in a release […]

CRA reform, take 2: FDIC Board to discuss new proposed rule Thursday

May 2, 2022 0

A new proposed rule to modernize banks’ Community Reinvestment Act (CRA) requirements is on the discussion agenda for Thursday’s open meeting of the Federal Deposit Insurance Corp. (FDIC) Board, according to a notice published on […]

Deceptive advertising of mortgage lending fees cost KY bank $425,000 penalty

April 29, 2022 0

A civil money penalty (CMP) of $425,000 was assessed against a Kentucky bank and made public last month for deceptively advertising interest rates and fees for home mortgage loans, the federal insurer of bank deposits […]

Capital framework, crypto impact, CRA, merger review among key items in FDIC annual performance plan

April 28, 2022 0

Implementation of the Basel III capital framework and assessments of the impact on bank safety and soundness of risks related to crypto assets and climate change are among the “core responsibilities” for the federal bank […]

Seven join community banking panel at FDIC, with first meeting planned May 3

April 27, 2022 0

Seven new members have joined the advisory committee on community banking of the federal bank deposit insurance agency, joining 12 others continuing on the panel, the agency said Wednesday. The full committee will meet May 3, […]

Deposit insurance legal veteran named executive secretary to FDIC Board

April 25, 2022 0

A new executive secretary for the board of the federal insurer of bank deposits was appointed Monday who formerly served an international group of deposit insurance agencies as counselor. The Federal Deposit Insurance Corp. (FDIC) […]

International exercise Saturday focuses on GSIB resolution, cross-border resolution

April 19, 2022 0

A series of regular exercises and exchanges among the principals of key financial sector authorities in the United States, United Kingdom, and the European Banking Union is slated Saturday, the U.S. federal bank deposit insurer […]

Call report materials ready for banks – which include new topic on reporting TDRs

April 14, 2022 0

Materials for quarterly call reports and guidance on certain issues were distributed Thursday by the federal insurer of bank deposits for reporting on banks’ condition and income for the first quarter of 2022 – including […]

FDIC’s community banking advisory panel set to meet May 3

April 13, 2022 0

A public meeting of the agency’s Advisory Committee on Community Banking is slated for May 3 and will be viewable by webcast only, according to the Federal Deposit Insurance Corp. (FDIC). The meeting, its announcement […]

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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 [...]