Links in “FDIC”

The CFPB's mortgage rules got you confused? The FDIC is here to help with a new video covering the Ability to Repay and Qualified Mortgage Rule with another two videos on the way! [11/20/14]

Department of Justice's Office of Professional Responsibility and the FDIC's inspector general have opened separate inquiries into how regulators conducted a crackdown on fraud that allegedly went to far and hurt legitimate companies under a program known as Operation Choke Point. [11/17/14]

The FDIC, FRB, and OCC responded to a number of FAQs regarding the leveraged lending guidance released in March 2013. Responses include clarification on underwriting standards, institution applicability, and the definition of "leveraged loan." [11/13/14]

The AML Task Force, made up of eight government agencies, has taken upon itself the task of bettering the world of AML. During the ABA Conference, Under Secretary Cohen detailed the efforts that have been taken as well as future efforts, with an emphasis on the handling of money services businesses. [11/10/14]

The FDIC announced the results of CRA examinations for the month of November with 68 banks evaluated. Results show 2 "Needs to Improve" (both in the New York region) with 9 "Outstanding" (at least one in all regions except Atlanta) and 57 "Satisfactory." Kansas City region leads the way with number of FIs examined at 17. [11/5/14]

The FDIC has released its September list of enforcement actions for banks and individuals. Twenty orders were issued, two of which were removal and prohibition orders. [10/31/14]

Five agencies (the OCC, FRB, FDIC, FCA, and NCUA) are proposing to amend their regulations regarding loans in areas with special flood hazards to implement certain provisions of the Homeowner Flood Insurance Affordability Act of 2014 (HFIAA). In particular, the agencies proposed six additional exemptions from the escrow requirement and the incorporation of the detached structures provision of the HFIAA. [10/30/14]

Has the proportion of our nation's unbanked and underbanked households increased or decreased in the past two years? Find out by taking a look at the nation's most extensive survey on the subject released by the FDIC today. [10/29/14]

The FDIC is set to discuss the results of the 2013 National Survey of Unbanked and Underbanked Households. Interested parties can attend the meeting on October 29, 2014 at the FDIC's Virginia Square facility in Arlington, VA, or can tune in via webcast here. [10/28/14]

A proposal to amend flood insurance rules was made by five federal agencies. The proposed amendments focus on escrow requirements. A 60-day comment period will be allowed once the rule is published in the Federal Register. [10/27/14]