FDIC

FDIC gives green light to ILC final rule, proposing SAR exemptions, 12.9% increase for 2021 budget – and joint security breach notification proposal

December 15, 2020 0

A final rule to address parent companies of industrial loan companies and banks, a proposed rule to amend suspicious activity report (SAR) regulation at banks, and a 2021 agency operating budget of $2.28 billion were […]

FDIC updates SCRA section of consumer exam manual

December 15, 2020 0

Updates to the Servicemembers Civil Relief Act (SCRA) section of the Consumer Compliance Examination Manual (CEM) of the federal bank deposit insurer were released Tuesday, the agency said in an announcement. The Federal Deposit Insurance […]

Board OKs narrowing brokered deposits definition, widening interest rate restriction calculation to include credit unions

December 15, 2020 0

A rule narrowing the scope of brokered deposits and redefining market interest rates to include those paid by credit unions (for the first time) when setting restrictions was approved by the board of the federal […]

CRA data show 695 banks, savings institutions reported nearly $265 billion in small-biz loans in 2019

December 14, 2020 0

Banks and savings institutions reporting small-business lending data under the Community Reinvestment Act (CRA) said they originated and purchased an aggregate $264.9 billion in such loans during 2019, according to data made available Monday by […]

Final rules on brokered deposits, interest rate restrictions for some banks, to be considered by FDIC Board

December 11, 2020 0

The agency’s 2021 budget and two final rules – one on a combined regulation on brokered deposits and interest rate restrictions – highlight the agenda for the board of the federal insurer of bank deposits […]

Fed, FDIC provide more info for resolution plans due Dec. 17, final guidance for certain FBOs

December 10, 2020 0

More information for the 15 banks due to submit targeted resolution plans, or “living wills,” by Dec. 17 plus final guidance for the resolution plans of certain large foreign banking organizations (FBOs) were issued jointly […]

FDIC renews charter for Advisory Committee on Economic Inclusion

December 9, 2020 0

A charter for a group that advises the federal deposit insurance agency on economic inclusion was renewed Dec. 3 for another two years, according to a notice filed with the Federal Register. The Advisory Committee […]

7 out of 8 receiverships FDIC poised to end are in Georgia

December 9, 2020 0

Eight bank receiverships – one involving a bank in Arizona, the other seven in Georgia – are slated for termination soon by the Federal Deposit Insurance Corp. (FDIC), the agency said in a notice set […]

Assessments, Amendments To Address the Temporary Deposit Insurance Assessment Effects of the Optional Regulatory Capital Transitions for Implementing the Current Expected Credit Losses Methodology

December 7, 2020 0

Title: Assessments, Amendments To Address the Temporary Deposit Insurance Assessment Effects of the Optional Regulatory Capital Transitions for Implementing the Current Expected Credit Losses Methodology Subject: Deposit insurance; CECL Agency: FDIC Status: Final rule Summary: […]

FDIC proposes deposit insurance assessment system changes for CECL transition

December 7, 2020 0

A proposed change to the federal deposit insurance assessment system for banks that would eliminate the double counting of some optional portions of capital related to the transition to the current expected credit losses (CECL) […]

FDIC gives green light to ILC final rule, proposing SAR exemptions, 12.9% increase for 2021 budget – and joint security breach notification proposal

FDIC updates SCRA section of consumer exam manual

Board OKs narrowing brokered deposits definition, widening interest rate restriction calculation to include credit unions

CRA data show 695 banks, savings institutions reported nearly $265 billion in small-biz loans in 2019

Final rules on brokered deposits, interest rate restrictions for some banks, to be considered by FDIC Board

Fed, FDIC provide more info for resolution plans due Dec. 17, final guidance for certain FBOs

FDIC renews charter for Advisory Committee on Economic Inclusion

7 out of 8 receiverships FDIC poised to end are in Georgia

Assessments, Amendments To Address the Temporary Deposit Insurance Assessment Effects of the Optional Regulatory Capital Transitions for Implementing the Current Expected Credit Losses Methodology

FDIC proposes deposit insurance assessment system changes for CECL transition

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

Bureau seeks public comment on emerging payment mechanisms; proposes rule for how EFTA would cover

Agency recognizes first standard-setting group for ‘open banking;’ conditions apply to five-year approval

Banks in areas affected by California fires may close, OCC proclaims

Final rule limiting use of medical information by creditors, including eligibility for credit, given green light

CFPB, citing ‘sham investigations,’ says Experian failed consumers who disputed credit report data; suit seeks redress, fines

Credit risk, balance sheet management top supervisory priorities in 2025 by credit union regulator