FDIC

FDIC names 36-year veteran to lead engagement efforts; 22-year leader will head DEI program

February 17, 2021 0

Two executives have been named to lead efforts at expanding stakeholder engagement and advancing diversity, equity, and inclusion (DEI) at the federal insurer of bank deposits, the agency announced Wednesday. The Federal Deposit Insurance Corp. […]

After a search of more than two years, FDIC finally names first chief innovation officer for agency

February 16, 2021 0

The founder of a financial technology firm providing services to banks and credit unions is the new – and first – chief innovation officer (CINO) for the federal insurer of bank deposits, ending a more […]

Pair enter guilty pleas to separate PPP fraud allegations (including using loan funds to purchase 2020 Lamborghini)

February 12, 2021 0

Prosecution of fraud cases related to Paycheck Protection Program (PPP) loans continues to be the focus of law enforcement, with federal authorities recently reporting guilty pleas in a $10 million deception, and in a fraud […]

FDIC terminates five bank receiverships

February 10, 2021 0

The federal bank deposit insurer on Feb. 1 terminated its receiverships of five banks that were closed in 2009, 2010, and 2014. The Federal Deposit Insurance Corp. (FDIC), in a notice sent to the Federal […]

Net Stable Funding Ratio: Liquidity Risk Measurement Standards and Disclosure Requirements

February 9, 2021 0

Title: Net Stable Funding Ratio: Liquidity Risk Measurement Standards and Disclosure Requirements Subject: Net stable funding ratio Agency: FDIC, Federal Reserve, OCC Status: Final rule Summary: The Office of the Comptroller of the Currency (OCC), […]

Final net stable funding rule slated for publication in Federal Register; takes effect July 1

February 8, 2021 0

Federal banking regulators’ October final rule creating a quantitative metric – the net stable funding ratio (NSFR) – is finally slated to be published, this Thursday, in the Federal Register. Approved by the Federal Deposit Insurance Corp. […]

Transferred OTS Regulations Regarding Securities Offerings of State Savings Associations, Statement of Policy on the Use of Offering Circulars, Proposed Rulemaking Regarding Securities Offerings by State Nonmember Banks and State Savings Associations, and Other Technical Amendments

February 4, 2021 0

Title: Transferred OTS Regulations Regarding Securities Offerings of State Savings Associations, Statement of Policy on the Use of Offering Circulars, Proposed Rulemaking Regarding Securities Offerings by State Nonmember Banks and State Savings Associations, and Other […]

FDIC rates 3 out of 65 banks ‘outstanding’ under CRA; one ‘needs to improve’

February 4, 2021 0

Three banks earned ratings of “outstanding” in November for their compliance with the anti-redlining Community Reinvestment Act (CRA), according to information released Thursday by the Federal Deposit Insurance Corp. (FDIC). In its report on the […]

Former CEO, executives, borrower of failed New Orleans bank indicted for fraud

February 2, 2021 0

The former CEO of a New Orleans bank, three other executives of the institution, and a borrower have all been indicted by a federal grand jury for defrauding the bank, which ultimately failed in 2017. […]

Letter outlines proposal for removing old OTS rules on securities offerings

February 1, 2021 0

Regulations for state savings associations regarding securities offerings, transferred from their former federal regulator to the federal insurer of bank regulations, are being proposed for removal, according to a letter issued Friday by the agency. […]

FDIC names 36-year veteran to lead engagement efforts; 22-year leader will head DEI program

After a search of more than two years, FDIC finally names first chief innovation officer for agency

Pair enter guilty pleas to separate PPP fraud allegations (including using loan funds to purchase 2020 Lamborghini)

FDIC terminates five bank receiverships

Net Stable Funding Ratio: Liquidity Risk Measurement Standards and Disclosure Requirements

Final net stable funding rule slated for publication in Federal Register; takes effect July 1

Transferred OTS Regulations Regarding Securities Offerings of State Savings Associations, Statement of Policy on the Use of Offering Circulars, Proposed Rulemaking Regarding Securities Offerings by State Nonmember Banks and State Savings Associations, and Other Technical Amendments

FDIC rates 3 out of 65 banks ‘outstanding’ under CRA; one ‘needs to improve’

Former CEO, executives, borrower of failed New Orleans bank indicted for fraud

Letter outlines proposal for removing old OTS rules on securities offerings

Funding risk vulnerabilities remain ‘notable’ among banks, with some MMFs susceptible to runs, report contends

Prices for Reserve Banks’ ‘mature’ priced services up an average 2.8% for 2025, Fed says

Bureau finalizes rule extending supervision over digital payment wallet apps

Number of credit unions with low exam ratings rose in third quarter; strain on balance sheets, consumers, noted

CFPB publishes adjustments to thresholds under TILA, FCRA

Ex-CEO of failed Kansas bank prohibited from financial institutions after cryptocurrency scheme