FDIC – Page 85 – Regulatory Report

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[ January 10, 2025 ] Eying changes ahead this month, FDIC Board vice chair outlines his agenda for new administration FDIC
[ January 10, 2025 ] Bureau seeks public comment on emerging payment mechanisms; proposes rule for how EFTA would cover Federal financial regulation
[ January 9, 2025 ] Agency recognizes first standard-setting group for ‘open banking;’ conditions apply to five-year approval CFPB
[ January 8, 2025 ] Banks in areas affected by California fires may close, OCC proclaims OCC
[ January 7, 2025 ] Final rule limiting use of medical information by creditors, including eligibility for credit, given green light CFPB

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 […]

Rule transitioning CBLR minimum to 9% by 2022 set to publish as final, without revision, in Register Friday

October 8, 2020 0

A final rule temporarily lowering the community bank leverage ratio (CBLR) threshold to 8% through 2020 and transitioning it to 9% by 2022 is slated for publication Friday in the Federal Register. The final rule, […]

Final rule on eligible retained income, meant to prevent abrupt distribution restrictions, to publish Thursday

October 7, 2020 0

An interim final rule implemented in March and finalized in August to ensure against abrupt, automatic regulatory restrictions on banks’ capital distributions is finally making it into the Federal Register. Slated to publish in the […]

Regulatory Capital Rule and Total Loss-Absorbing Capacity Rule: Eligible Retained Income

October 7, 2020 0

Title: Regulatory Capital Rule and Total Loss-Absorbing Capacity Rule: Eligible Retained Income Subject: Eligible retained income Agency: FDIC, Federal Reserve, OCC Status: Final rule Summary: The OCC, Board, and FDIC (together, the agencies) are adopting […]

Pandemic, more on Oct. 22 agenda of FDIC’s economic inclusion advisory panel

October 6, 2020 0

An advisory panel that focuses on ways to expand access to banking services by underserved populations is set to meet publicly via webcast Oct. 22 to discuss, among other things, the impact of the COVID-19 […]

Of 74 CRA-rated banks, six are ‘outstanding,’ FDIC data show

October 5, 2020 0

Sixty-eight “satisfactory” and six “outstanding” ratings were awarded to banks in July for their performance under rules implementing the anti-redlining Community Reinvestment Act (CRA), according to the October list of banks examined for CRA compliance […]

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

January 10, 2025 0

Work on a “new direction” for the federal bank deposit insurer will begin on Jan. 20, the likely next acting chairman of the agency’s board said Friday, including a lesser focus on process, an “open-minded approach” to innovation and technology, [...]
Bureau seeks public comment on emerging payment mechanisms; proposes rule for how EFTA would cover

January 10, 2025 0

Requirements that apply to emerging payment mechanisms – such as those used in video gaming platforms — are the subject of a proposed interpretive rule issued Friday by the federal consumer financial protection agency. The proposal looks at such payment [...]
Agency recognizes first standard-setting group for ‘open banking;’ conditions apply to five-year approval

January 9, 2025 0

A non-profit organization operating in the United States and Canada is the first to be recognized as a standard-setting body for open banking, the federal consumer financial protection agency said late Wednesday. The application by Financial Data Exchange (FDX) to [...]
Banks in areas affected by California fires may close, OCC proclaims

January 8, 2025 0

National banks and federal savings institutions may close in areas affected by the fires in the Los Angeles area, the national bank regulator said Wednesday. The Office of the Comptroller of the Currency (OCC) said, by its proclamation, it expects [...]
Final rule limiting use of medical information by creditors, including eligibility for credit, given green light

January 7, 2025 0

A regulatory exception that previously permitted a creditor to obtain or use medical information, including medical debt information, is removed under a new rule on medical debt collection issued Tuesday by the federal consumer financial protection agency. The Consumer Financial [...]
CFPB, citing ‘sham investigations,’ says Experian failed consumers who disputed credit report data; suit seeks redress, fines

January 7, 2025 0

A lawsuit alleging that consumer reporting agency Experian unlawfully failed to properly investigate consumers’ disputes over information in their credit reports was filed Tuesday by the Consumer Financial Protection Bureau (CFPB). The CFPB said that Experian Information Solutions, Inc. – [...]
Credit risk, balance sheet management top supervisory priorities in 2025 by credit union regulator

January 7, 2025 0

Credit risk, balance sheet management, and risk to earnings and net worth are among the top supervisory priorities for the federal credit union agency in the new year, it said in a letter to the institutions is supervises Tuesday. The [...]