Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
A discussion on current banking conditions will highlight the next meeting of the community banking advisory committee of the federal insurer of bank deposits set for Nov. 7, the agency said late Thursday. The Federal […]
Employee complaints of discrimination and retaliation at the federal insurer of bank deposits will be overseen by the new leader of the agency’s equal employment opportunity office, the agency said Thursday. The Federal Deposit Insurance […]
Federally insured banks have a four-month reprieve from modernized federal deposit insurance official signage requirements under action taken Thursday by the Federal Deposit Insurance Corp. (FDIC). The FDIC Board voted during its open meeting to […]
The federal bank deposit insurance fund is still expected to reach its statutory minimum of 1.35% of insured deposits ahead of its statutory deadline of Sept. 30, 2028, agency staff said Thursday. The Federal Deposit […]
Fines of $1.8 billion announced Oct. 10 against TD Bank N.A. (TDBNA) for violations of anti-money laundering laws were the result of a coordinated resolution among the federal banking agencies and law enforcement, according to […]
An update on the Deposit Insurance Fund (DIF) restoration plan, the fund’s 2025 designated reserve ratio and a delay in implementation of revised official sign requirements are on the agenda for Thursday’s open meeting of […]
An appointment for the director of an office handling agency employee complaints of harassment and other “interpersonal misconduct” was announced Wednesday by the federal insurer of bank deposits. Hansel J. Cordeiro, an attorney, was named […]
Federal financial institution regulators and Florida’s financial regulatory office teamed up in a joint statement Tuesday on their supervisory considerations in addressing the needs of customers and financial institutions affected by Hurricane Milton. In a […]
Two letters to financial institutions were issued Tuesday to detail the measures in place to help financial institutions working in areas of Florida affected by this month’s Hurricane Milton and those in Arizona affected by […]
The public comment period on the federal bank deposit insurer’s proposed tightening of brokered deposit restrictions has been pushed from Oct. 22 to Nov. 21, the agency announced in a recent Financial Institution Letter (FIL). […]
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