Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
Sixty-two banks were assigned ratings of “satisfactory” in December for their efforts under the Community Reinvestment Act (CRA), with another three rated “outstanding” and three more rated “needs to improve,” according to information released Thursday […]
Core principles of diversity, equity and inclusion (DEI) will be integrated into hiring, training, and career development under the latest strategic plan for the actions issued Wednesday by the federal insurer of bank deposits. According […]
A Federal Deposit Insurance Corp. (FDIC) final rule that codifies an interagency statement on the role of supervisory guidance – stating also that such guidance does not create binding legal obligations for the public – […]
Comments are sought on a proposal issued jointly by the three federal banking agencies that would add items to call reports to help evaluate the funding stability of sweep deposits over time, according to a […]
A total of 440 banks throughout the Federal Deposit Insurance Corp.’s (FDIC) six regions are slated to receive evaluations under a federal anti-redlining law over the second and third quarters of 2021, information released by […]
A batch of 11 enforcement orders by the federal bank deposit insurer in January includes two involving a former loan relationship officer whose actions reportedly led to a $3.3 million loss to his employer bank, […]
Updates to four sections of the Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Examination Manual were released Thursday by federal banking and credit union regulators and the State Liaison Committee of the Federal Financial Institutions Examination Council […]
Credit risk for large, syndicated loans has increased over the last year, according to a report issued Thursday by the federal banking agencies, largely as a result of the financial impact of the coronavirus pandemic. […]
The Advisory Committee of State Regulators for the Federal Deposit Insurance Corp. (FDIC) is slated to hold an open meeting March 18, with that meeting viewable by webcast only (out of an abundance of caution […]
Nine technical assistance videos focusing on fair lending compliance – including fair-lending risk mitigation and preparing for the regulator’s fair lending reviews – were released Tuesday by the Federal Deposit Insurance Corp. (FDIC) for supervised […]
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