News stories tagged FDIC
Federal crypto-asset oversight on horizon?
(Oct. 29, 2021) A series of policy statements on crypto assets activities by banks is forthcoming from federal banking regulators, the chairman of the FDIC Board said this week, as...
Key investors named for ‘mission-driven bank fund’
(Sept. 17, 2021) A new fund designed to help banks serve low-income and minority communities will count Microsoft and Truist Financial Corp. – the sixth largest U.S. bank – as...
Bank agencies vow to work together on CRA rule
(July 23, 2021) New regulations on anti-redlining rules will be rescinded, and federal banking agencies vowed to work together to develop a new proposal, the agencies announced this week. On...
BRIEFLY: 2020 mortgage lending data available; FDIC’s DIF falls to 1.25% (no change in assessments)
(June 18, 2021) 2020 mortgage lending transactions at 4,475 U.S. financial institutions reported under HMDA are now available, the FFIEC said Thursday. Covered institutions include credit unions, banks, savings associations...
BRIEFLY: CFPB updates mortgage servicing FAQs; Written, specific direction needed on use of alternative data, GAO tells regulators
(June 4, 2021) Frequently asked questions (FAQs) about mortgage servicing were updated this week by the CFPB, concerning escrow account compliance under Regulations X and Z (RESPA and TILA, respectively)....
BRIEFLY: FDIC’s DIF reserve ratio dropped in first quarter (so did bank net interest margins); New date for NASCUS 101; Happy Memorial Day holiday
(May 28, 2021) The reserves-to-deposits-insured ratio of the FDIC’s Deposit Insurance Fund (DIF) slipped four points in the first quarter, to 1.25%, the lowest point in nearly four years. The...
Proposal requires ‘prompt’ alert to security incidents
(Dec. 18, 2020) A new proposal that would require financial institutions to provide “prompt notification” to their federal regulators upon occurrence of a security incident may be coming to an...