FDIC – Page 72 – Regulatory Report

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[ January 10, 2025 ] Eying changes ahead this month, FDIC Board vice chair outlines his agenda for new administration FDIC
[ January 10, 2025 ] Bureau seeks public comment on emerging payment mechanisms; proposes rule for how EFTA would cover Federal financial regulation
[ January 9, 2025 ] Agency recognizes first standard-setting group for ‘open banking;’ conditions apply to five-year approval CFPB
[ January 8, 2025 ] Banks in areas affected by California fires may close, OCC proclaims OCC
[ January 7, 2025 ] Final rule limiting use of medical information by creditors, including eligibility for credit, given green light CFPB

FDIC OIG review of Almena State Bank failure cites aggressive pursuit of large-dollar guaranteed loans, poor board oversight

March 26, 2021 0

The failure last October of the $69 million-in-assets Almena State Bank, Almena, Kan., estimated to have cost the federal bank deposit insurance fund $18 million, was chalked up to a risky growth strategy coupled with […]

Risk management veteran appointed as director of FDIC’s Chicago region

March 26, 2021 0

A 35-year veteran of the federal insurer of bank deposits will lead the agency’s Chicago region, the agency said Friday. Gregory P. Bottone was appointed regional director of the Federal Deposit Insurance Corp.’s (FDIC) Chicago […]

Agency clarifies ‘rapid prototyping program,’ noting banks won’t be obligated to participate, adopt solutions

March 26, 2021 0

Clarification about the “rapid phased prototyping (RPP) initiative” for banks and other federally insured institutions – a program designed to help accelerate the adoption of new technological solutions – is outlined in a letter issued […]

Financial stability council slates climate change, COVID-19 developments for March 31 meeting

March 25, 2021 0

The interagency council formed under the 2010 Dodd-Frank Act to identify risks to financial stability and respond to emerging threats is set to meet next Wednesday on climate change and its potential impact on stability, […]

FDIC community banking panel set to meet April 13

March 25, 2021 0

The Federal Deposit Insurance Corp. (FDIC) Advisory Committee on Community Banking will hold an open meeting April 13 that will be viewable only by webcast, according to a notice for the Federal Register. The committee, […]

Banking agencies’ capital rule supporting Treasury program (ECIP) kicks in Monday

March 19, 2021 0

An interim final rule to support a Treasury program making capital investments in minority depository institutions (MDIs) and community development financial institutions (CDFIs) is slated to publish in the Federal Register and to go into effect […]

Agencies to allow temporary change to SLR to expire, but will propose adjustments for future

March 19, 2021 0

The temporary change to the supplementary leverage ratio (SLR) for bank holding companies will be allowed to expire as scheduled at month’s end, federal banking agencies said Friday; however, measures to adjust the SLR will […]

Loans in Areas Having Special Flood Hazards; Interagency Questions and Answers Regarding Private Flood Insurance

March 18, 2021 0

Title: Loans in Areas Having Special Flood Hazards; Interagency Questions and Answers Regarding Private Flood Insurance Subject: Flood insurance Agency: FDIC, Federal Reserve, NCUA, OCC, FCA Status: Proposed Q&A Summary: The OCC, Board, FDIC, FCA, […]

Comments on private flood insurance Q&As due on, about May 17

March 17, 2021 0

A set of questions, with answers, regarding the acceptance of flood insurance policies issued by private insurers is out for a 60-day comment period ending about May 17. The private flood insurance Q&A was issued […]

FDIC OIG report: Longstanding earnings problems, ‘voluminous’ poor quality assets led to FL bank’s failure

March 15, 2021 0

A failed-bank review of fhe $136-million First City Bank of Florida, closed last October, shows that a growth strategy centered on commercial real estate, a lack of proper control risk mitigation, and poor credit underwriting […]

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Eying changes ahead this month, FDIC Board vice chair outlines his agenda for new administration

January 10, 2025 0

Work on a “new direction” for the federal bank deposit insurer will begin on Jan. 20, the likely next acting chairman of the agency’s board said Friday, including a lesser focus on process, an “open-minded approach” to innovation and technology, [...]
Bureau seeks public comment on emerging payment mechanisms; proposes rule for how EFTA would cover

January 10, 2025 0

Requirements that apply to emerging payment mechanisms – such as those used in video gaming platforms — are the subject of a proposed interpretive rule issued Friday by the federal consumer financial protection agency. The proposal looks at such payment [...]
Agency recognizes first standard-setting group for ‘open banking;’ conditions apply to five-year approval

January 9, 2025 0

A non-profit organization operating in the United States and Canada is the first to be recognized as a standard-setting body for open banking, the federal consumer financial protection agency said late Wednesday. The application by Financial Data Exchange (FDX) to [...]
Banks in areas affected by California fires may close, OCC proclaims

January 8, 2025 0

National banks and federal savings institutions may close in areas affected by the fires in the Los Angeles area, the national bank regulator said Wednesday. The Office of the Comptroller of the Currency (OCC) said, by its proclamation, it expects [...]
Final rule limiting use of medical information by creditors, including eligibility for credit, given green light

January 7, 2025 0

A regulatory exception that previously permitted a creditor to obtain or use medical information, including medical debt information, is removed under a new rule on medical debt collection issued Tuesday by the federal consumer financial protection agency. The Consumer Financial [...]
CFPB, citing ‘sham investigations,’ says Experian failed consumers who disputed credit report data; suit seeks redress, fines

January 7, 2025 0

A lawsuit alleging that consumer reporting agency Experian unlawfully failed to properly investigate consumers’ disputes over information in their credit reports was filed Tuesday by the Consumer Financial Protection Bureau (CFPB). The CFPB said that Experian Information Solutions, Inc. – [...]
Credit risk, balance sheet management top supervisory priorities in 2025 by credit union regulator

January 7, 2025 0

Credit risk, balance sheet management, and risk to earnings and net worth are among the top supervisory priorities for the federal credit union agency in the new year, it said in a letter to the institutions is supervises Tuesday. The [...]