FDIC – Page 99 – Regulatory Report

What's up

[ 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

Senate Banking sets hearing with bank, credit union regulators next Tuesday

May 6, 2020 0

A May 12 hearing, held remotely and webcast live, on federal bank and credit union supervision is slated by the Senate Banking Committee, which plans to take testimony from the Federal Deposit Insurance Corp. (FDIC), […]

FDIC terminates receivership of WI bank

May 6, 2020 0

The receivership of North Milwaukee State Bank, Milwaukee, Wis., was terminated May 1, the Federal Deposit Insurance Corp. (FDIC) said in a notice for the Federal Register. North Milwaukee State Bank, with reportedly $67.1 million […]

Liquidity Coverage Ratio Rule: Treatment of Certain Emergency Facilities

May 6, 2020 0

Title: Liquidity Coverage Ratio Rule: Treatment of Certain Emergency Facilities Subject: LCR; PPPLF, MMMLF, coronavirus response Agency: FDIC, Federal Reserve, OCC Status: Interim final rule Summary: To provide liquidity to the money market sector, small […]

First charges filed in alleged fraud of $500,000 in bank loans through PPP initiative

May 5, 2020 0

What are being called the first charges of fraudulent involvement in the massive federal program meant to protect pay of workers in the face of the coronavirus crisis were announced Tuesday by federal prosecutors. According […]

Rule will require banks to neutralize effects under LCR of participating in some COVID-19 emergency facilities

May 5, 2020 0

Banks and their organizations will be required to neutralize the effect under the liquidity coverage ratio (LCR) rule of participating in new emergency facilities set up by the Federal Reserve to deal with the impact […]

FDIC, OCC bank ratings under anti-redlining law include 8 ‘outstanding,’ 2 ‘needs improvement’

May 4, 2020 0

Of the 85 banks listed in the most recent releases of Community Reinvestment Act (CRA) evaluation ratings, eight were deemed “outstanding” and two were rated “needs improvement,” according to federal banking regulators. Monday, the Federal […]

TN banks urged to ease terms, restructure loans in wake of storm damage

April 28, 2020 0

Restructuring existing loans, extending repayment terms, or easing terms for new loans using sound banking practices are among techniques recommended for Tennessee banks by the Federal Deposit Insurance Corp. (FDIC) as the banks respond to […]

Agencies add one month to comment period on ‘living wills’ guidance for large foreign banks

April 27, 2020 0

You’ve now got a month’s more time to comment on proposed guidance for “living wills” submitted by certain large foreign banks, two of the federal banking agencies said Monday. In a release, the Federal Deposit […]

PPP loan applications will be taken again Monday as program cranks up with new cash

April 25, 2020 0

New applications for “paycheck protection program” (PPP) loans will be taken beginning Monday, as new legislation adding money to the formerly depleted program was signed into law Friday. The Federal Deposit Insurance Corp. (FDIC), in […]

March FDIC orders include two civil money penalties totaling $90k

April 24, 2020 0

Civil money penalties (CMPs) against two bank-affiliated individuals, related to findings of unsafe or unsound practices and breaches of fiduciary duty, are among the 13 administrative (enforcement) actions taken in March and disclosed Friday by […]

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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 [...]