Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
Ratios used to determine whether a bank may establish or buy a branch (or branches) without triggering prohibitions on doing so primarily for producing deposits were released Friday by federal banking agencies. The “host state […]
Current and potential digital asset activities – which are being “increasingly” explored by banks – are the subject of the latest information gathering by the federal insurer of bank deposits, the agency said Monday. In […]
Measures that would repeal the “true lender” rule for banks, restore the federal credit union regulator’s short-lived, direct authority over third-party vendors, and set a trigger for the countercyclical capital buffer (CCyB) for banks are […]
An extension to July 1 for the deadline to comment on how financial institutions use artificial intelligence (AI) in their activities was announced Monday by financial institution regulators. The invitation to comment was provided in […]
Steps the agency is ready to take to help banks and facilitate recovery in areas of Tennessee affected by severe storms, tornadoes, and flooding were outlined in a Federal Deposit Insurance Corp. (FDIC) Financial Institution […]
A former mortgage banker from Oklahoma pleaded guilty Tuesday in federal court to defrauding two local banks, mortgage giant Fannie Mae and others through an allegedly broad range of fraudulent conduct over three years, the […]
The banking industry showed both resiliency and stability during the 2020 financial impact of the coronavirus crisis, but credit and market risks remain ahead, according to the 2021 Risk Review released Tuesday by the Federal […]
A proposed rule to prohibit false advertising or misleading representations of deposit insurance, or using the Federal Deposit Insurance Corp. (FDIC) name or logo in a manner to imply an uninsured product is backed by […]
Title: Tax Allocation Agreements Subject: Tax allocation agreements Agency: FDIC, Federal Reserve, OCC Status: Proposed rule Summary: The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and […]
Zunera Mazhar is the new deputy director of the office of innovation at the federal insurer of bank deposits, where she will guide promotion of the adoption of innovative technologies at the agency and at […]
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