Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
A decision Tuesday in a case remanded by the U.S. Supreme Court upheld the Federal Deposit Insurance Corp. (FDIC) as the rightful owner of a failed bank’s $4.1 million tax refund, the FDIC said in […]
Thirty more days to comment on a proposed rule for industrial banks or industrial loan companies (ILCs) supervised by the federal bank deposit insurer is provided in a notice published Wednesday in the Federal Register. […]
The new community bank leverage ratio’s (CBLR) framework – including eligibility, capital stringency, and potential impact on system-wide capital levels under a hypothetical adverse scenario – is outlined in a new staff study published by […]
Title: Assessments, Mitigating the Deposit Insurance Assessment Effect of Participation in the Paycheck Protection Program (PPP), the PPP Lending Facility, and the Money Market Mutual Fund Liquidity Facility Subject: Deposit insurance Agency: FDIC Status: Proposed […]
Federal bank and credit union regulators on Wednesday released a set of interagency lending principles to encourage institutions to offer responsible small-dollar loans to customers “for consumer and small business purposes,” noting the important role […]
In a major setback for uniform reform of rules implementing anti-redlining laws, the federal insurer of bank deposits said Wednesday it was not ready to finalize a joint proposal on rewriting the rules, citing challenges […]
Title: Regulatory Capital Rule: Revised Transition of the Current Expected Credit Losses Methodology for Allowances Subject: CECL, regulatory capital; coronavirus response Agency: FDIC, Federal Reserve, OCC Status: Final rule Summary: The Office of the Comptroller […]
Title: Regulatory Capital Rule: Temporary Exclusion of U.S. Treasury Securities and Deposits at Federal Reserve Banks from the Supplementary Leverage Ratio for Depository Institutions Subject: Supplementary leverage ratio, coronavirus response Agency: FDIC, Federal Reserve, OCC […]
Treasury securities and deposits at Federal Reserve Banks may be excluded from the calculation of the supplementary leverage ratio calculation by banks and other depository institutions if they so choose, the federal banking agencies announced […]
Testimony on the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) is set to be delivered during a Senate Banking Committee hearing Tuesday by Federal Reserve Board Chair Jerome H. (“Jay”) Powell and Treasury Secretary […]
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