FDIC – Page 83 – Regulatory Report

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[ November 26, 2024 ] Weaknesses in process for escalating supervisory concerns need to be addressed, report contends FDIC
[ November 25, 2024 ] Funding risk vulnerabilities remain ‘notable’ among banks, with some MMFs susceptible to runs, report contends The Fed
[ November 25, 2024 ] Prices for Reserve Banks’ ‘mature’ priced services up an average 2.8% for 2025, Fed says The Fed
[ November 21, 2024 ] Bureau finalizes rule extending supervision over digital payment wallet apps CFPB
[ November 21, 2024 ] Number of credit unions with low exam ratings rose in third quarter; strain on balance sheets, consumers, noted NCUA

Removal of Transferred OTS Regulations Regarding Application Processing Procedures of State Savings Associations

October 15, 2020 0

Title: Removal of Transferred OTS Regulations Regarding Application Processing Procedures of State Savings Associations Subject: Filing regulations Agency: FDIC Status: Final rule Summary: The Federal Deposit Insurance Corporation (FDIC) is adopting a final rule (final […]

14 companies selected for next phase in FDIC’s ‘rapid protyping competition’ tech sprint

October 15, 2020 0

A competition to develop technology for a timelier and less burdensome financial reporting process – particularly for community banks – has resulted in 14 companies being selected by the Federal Deposit Insurance Corp. (FDIC) to […]

FDIC provides third-quarter call report supplemental info related to COVID actions

October 14, 2020 0

A letter outlining key considerations for banks’ and savings institutions’ third-quarter Consolidated Reports of Condition and Income (call reports) was issued Wednesday by the federal bank deposit insurer, which included supplemental instructions related to capital […]

FDIC Board to consider interim final, two final rules – including long-awaited net stable funding ratio regulation

October 14, 2020 0

One interim final and two final rules – including a final regulation on the net stable funding ratio (NSFR), liquidity risk measurement standards and disclosure requirements – will be considered by the board of the […]

Community banking advisory panel to meet Oct. 28, FDIC says

October 13, 2020 0

Current issues affecting community banking will be discussed during an Oct. 28 open meeting of the Federal Deposit Insurance Corp. (FDIC) Advisory Committee on Community Banking. According to a notice slated for Wednesday’s Federal Register, […]

3 bank receiverships in FL, MA terminated by FDIC

October 9, 2020 0

The receiverships of three banks in Florida and Massachusetts, each bank having been closed April 16, 2010, were terminated Oct. 1 by the Federal Deposit Insurance Corp. (FDIC), the agency said in a Federal Register […]

FDIC points to relief for banks dealing with effects of Sally

October 9, 2020 0

Steps to provide regulatory relief to banks and facilitate recovery in areas of Florida affected by Hurricane Sally include potential, favorable Community Reinvestment Act (CRA) consideration for disaster-related community development loans, investments, and services, the […]

FDIC chairman praises work of regulators in dealing with financial impact of coronavirus crisis

October 9, 2020 0

Quick action by regulatory and political authorities in meeting the financial challenges of the coronavirus crisis was praised Thursday by the board chairman of the federal insurer of bank deposits Thursday in a speech before […]

Agencies exempt loans for property, casualty insurance policies from customer ID program rules

October 9, 2020 0

An exemption from the requirements of the customer identification program (CIP) rules for loans extended by banks and credit unions and their subsidiaries to all customers to facilitate purchases of property and casualty insurance policies […]

FDIC’s state regulators’ group to consider proposed certification program for promoting new technologies at first meeting

October 8, 2020 0

A proposed voluntary certification program to promote new technologies is one of five items on the agenda for the Oct. 14 inaugural meeting of an advisory committee of state regulators assembled by the federal insurer […]

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Weaknesses in process for escalating supervisory concerns need to be addressed, report contends

November 26, 2024 0

The process for escalating supervisory concerns at banks and other regulated institutions has weaknesses that should be addressed, according to a report issued Tuesday. The Government Accountability Office (GAO) said bank failures in 2023 “raised questions about federal regulators’ ability [...]
Funding risk vulnerabilities remain ‘notable’ among banks, with some MMFs susceptible to runs, report contends

November 25, 2024 0

Vulnerabilities from funding risks remain “notable” for the nation’s banks and other institutions, according to a report issued Friday (Nov. 22), with such vehicles as money-market funds (MMFs) and other cash-management vehicles “remaining susceptible to runs owing to structural vulnerabilities.” [...]
Prices for Reserve Banks’ ‘mature’ priced services up an average 2.8% for 2025, Fed says

November 25, 2024 0

Fees for established, mature priced services the Federal Reserve Banks provide to banks and credit unions are rising on average by an estimated 2.8% beginning Jan. 1, excluding FedNow and Fedwire securities priced services, the central bank said Friday. The [...]
Bureau finalizes rule extending supervision over digital payment wallet apps

November 21, 2024 0

Digital payment wallet apps handling more than 50 million transactions annually are subject to a final rule requiring them to follow federal law applied to banks, credit unions and other financial institutions already supervised by the federal consumer financial protection [...]
Number of credit unions with low exam ratings rose in third quarter; strain on balance sheets, consumers, noted

November 21, 2024 0

The number of the lowest-rated credit unions based on their exam scores rose in the third quarter, their federal regulator said Thursday, reflecting strains on balance sheets and their consumer members, according to the agency. That total includes nine troubled [...]
CFPB publishes adjustments to thresholds under TILA, FCRA

November 21, 2024 0

Two adjustments to thresholds under lending disclosure and credit reporting rules were announced Thursday by the federal consumer financial protection agency. The Consumer Financial Protection Bureau (CFPB) said the first threshold adjustment resulted from a final rule it issued amending [...]
Ex-CEO of failed Kansas bank prohibited from financial institutions after cryptocurrency scheme

November 21, 2024 0

The former CEO of a Kansas bank that failed after the embezzlement of $47.1 million in a cryptocurrency scheme has been prohibited permanently from serving at another federally insured financial institution, the Federal Reserve said Thursday. Shan Hanes, 53, of [...]