Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
A man pleaded guilty last week in a Florida federal court to using bogus identities in a scheme to steal $24 million of COVID-19 relief funds using shell companies he and other alleged conspirators created […]
Regulatory reporting rule changes finalized this May related to deposit insurance assessments, brokered deposits, and sweep deposits will begin to be reflected in banks’ call reports starting with the second-quarter reports due July 30 to […]
A list of entities for which a “primary purpose exception notice” has been submitted under brokered deposits rules is available under an updated resources page on the website of the federal insurer of bank deposits. […]
Registration opened Tuesday for participation in a tech sprint aimed at exploring new technologies and techniques to help expand banks’ capabilities to meet the needs of the unbanked, the Federal Deposit Insurance Corp. (FDIC) said. […]
Of the 53 banks assigned ratings this April for compliance with the anti-redlining Community Reinvestment Act (CRA), three were deemed “outstanding” and the rest “satisfactory,” according to data released Friday. This is based on the […]
A panel that advises the federal bank deposit insurer on policy issues affecting small community banks is set to hold an open meeting July 22 from 1 – 5 p.m. ET, according to a notice […]
An interagency statement Wednesday by federal and state financial institution regulators gives supervised institutions a heads up to plans for future Bank Secrecy Act (BSA) rule changes to incorporate just-issued national priorities for anti-money laundering […]
Large banks – those with $100 billion or more in assets – would be required to submit their “living wills” every three years to the federal insurer of bank deposits, (rather than an annual one), […]
A list of distressed or underserved nonmetropolitan middle-income geographies for 2021 – the areas where revitalization or stabilization activities are eligible for anti-redlining community development designation — was released Friday by two federal banking agencies. […]
Issues relating to the concept of resolution of a central counterparty (CCP) — an entity that aims to help facilitate trading in various European derivatives and equities markets – was the focus of a virtual […]
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