Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
The asset-size thresholds used to define a “small bank” and “intermediate small bank” under federal anti-redlining Community Reinvestment Act (CRA) regulations will rise for 2022 based on changes in the consumer price index. With the […]
The charter for the Federal Deposit Insurance Corp.’s (FDIC) Advisory Committee of State Regulators (ACSR), first established in 2019, has been renewed for another two years, according to the agency. The FDIC had a notice […]
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 […]
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