Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
A $2.26 billion operating budget for 2022 – slightly lower overall (0.7%) from the previous year – was approved by the Federal Deposit insurance Corp. (FDIC) Board Tuesday. However, the operating budget includes significant components […]
The board chairman of the federal bank deposit insurer on Tuesday ruled “out of order” another board member’s effort to bring issuance of a request for information (RFI) on bank merger policy before the board […]
Support for reviewing Bank Merger Act (BMA) guidelines was cited by a third member of the board of the bank deposit insurance fund, according to his statement issued Tuesday. Michael J. Hsu, acting comptroller of […]
The board of the Federal Deposit Insurance Corp. (FDIC) may or may not have approved issuance of a request for information (RFI) on bank merger rules, regulations, guidance and policy statements, according to what appear […]
After another federal agency found that an examination of a bank by the federal insurer of bank deposits completely missed that the bank charged impermissible fees to loan applicants, an inspector general’s report was issued […]
The 2022 operating budget and an update on the restoration plan for the deposit insurance fund (DIF) are on the discussion agenda for the board of the federal bank deposit insurance agency when it meets […]
Appeals of material supervisory determinations are now being considered by the new office of supervisory appeals for the federal insurer of bank deposits, the agency said Monday, adding the new group will enhance its independence. […]
Four out of the 46 banks that received their Community Reinvestment Act (CRA) ratings from the federal bank deposit insurer in September were rated “outstanding” for their efforts under the anti-redlining statute, according to information […]
An analysis of how the federal bank deposit insurer terminates Bank Secrecy Act/anti-money laundering (BSA/AML) consent enforcement orders led to the agency’s inspector general office citing a lack of transparency on the agency’s part and […]
The future of innovation in banking is the topic a panel of experts will tackle Dec. 8 in a session hosted by the technology laboratory of the federal bank deposit insurance fund, the agency said […]
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