Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
Issuing his own statement on the release of an action plan to promote property appraisal equity, the acting board chairman of the federal bank deposit insurer called the plan “an important step towards addressing barriers […]
A request for information (RFI) on the Bank Merger Act – which covers policy on bank merger transactions, including those between an insured depository institution and a noninsured institution – was issued Friday by the […]
Updates intended to modernize policies and procedures for administrative proceedings at bank and credit union regulators were proposed Tuesday by the agencies. Specifically, the agencies said the proposal was intended to align the rules with […]
A March 2020 Financial Institution Letter (FIL) that gave insured banks an additional 45 days, in response to the coronavirus, to file their statutorily required annual reports with the federal bank deposit insurer has been […]
Aiding and abetting false statements on applications for some $690,000 in loans were the charges levied March 4 against a former chief lending officer of a Berwick, Pa.-based financial institution, the federal bank deposit insurer’s […]
Regulators’ efforts aimed at increasing banking access to low-income, less-educated, and minority households should include performance measures to determine their effectiveness, the congressional watchdog recommended Monday. In a report, the Government Accountability Office (GAO) said […]
Five banks earned “outstanding” Community Reinvestment Act (CRA) ratings – but one bank earned a “needs improvement” score – in evaluation ratings issued Friday by the federal insurer of bank deposits. The Federal Deposit Insurance Corp. […]
The federal bank deposit insurer will accept supervised banks’ voluntary self-assessments of their diversity policies and practices until June 30, the agency said in a letter this week. In its Financial Institution Letter (FIL-09-2022), the […]
Deficiencies in the supply chain risk management (SCRM) activity at the federal insurer of bank deposits – including that the agency failed to identify and list known risks to its chain – are outlined in […]
A total of 394 banking institutions are on the federal bank deposit insurer’s anti-redlining Community Reinvestment Act (CRA) evaluation schedule over the second and third quarters of this year, the agency said Monday. Of those, […]
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