Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
Umpqua Bank of Roseburg, Ore., was ordered last week to pay a $1.8 million civil money penalty by a banking agency that cited it for deceptive and/or unfair practices related to certain collection fees and […]
The federal bank deposit insurer’s economic inclusion advisory panel is slated to meet virtually next Thursday beginning at 1 p.m. ET, the agency said in a release, with the meeting expected to last until 5 […]
A two-year report from its ombudsman’s office was published Wednesday by the federal insurer of bank deposits, outlining the office’s efforts in 2019 and 2020 to address banker concerns about such issues as fear of […]
Three out of the 56 banks receiving their Community Reinvestment Act (CRA) evaluation ratings in February from the federal deposit insurance agency were deemed “outstanding,” while one was flagged “needs to improve,” according to information […]
Two Financial Institution Letters (FIL) issued Friday by the federal bank deposit insurer outline series of steps aimed at providing regulatory relief to banks in Alabama and Kentucky affected by severe storms, including straight-line winds […]
The charter for a 16-member panel formed to give the federal bank deposit insurer feedback on issues related to the resolution of systemically important financial companies as provided under the 2010 Dodd-Frank Act has been […]
A fine of $172,500 was assessed against a Tennessee bank last month for failing to obtain or extend flood insurance coverage – up to 196 times – for loans it made, the federal insurer of […]
A series of virtual “Office Hours” to hear from bankers, fintechs (financial technology firms), and other interested parties on evolving technological innovations in banking are slated beginning in June by the federal bank deposit insuring […]
A man from MIddlesex, N.J., last week admitted he deposited a stolen and altered U.S. Treasury check for more than $211,000 and fraudulently received more than $481,000 from the Paycheck Protection Program (PPP) created to […]
Expanding economic inclusion through technology and innovation, as well as expanding account access and key challenges facing communities, are on the agenda for the May 13 meeting of the Federal Deposit Insurance Corp.’s (FDIC) Advisory […]
Copyright (c) 2022, RegReport.info; Contact: editor@regreport.info