Links in “FDIC”
- Clarifying Confusion on the Community Reinvestment Act
The OCC, Board, and FDIC have joined together to propose that additional clarification be given regarding CRA regulations. [9/11/14]
- Agency Heads Head to the Hill
Heads of the CFPB, Fed, FDIC and OCC are among those scheduled as witnesses before a hearing today before the Senate banking committee. [9/9/14]
- What Counts as Economic Development?
Definition of what qualifies as economic development confusing you? The Fed, OCC, and FDIC are releasing a new question and answer document with more information on the CRA but first they want you to take a look and make a comment. [9/9/14]
- Highlights from FDIC’s Consumer News
Expect the unexpected and other useful consumer tips from the FDIC's Summer 2014 Consumer News are excerpted here. [9/8/14]
- List of Recent CRA Examinations Released
The FDIC released a list of the banks recently evaluated for CRA compliance. Take a look to see how other banks are doing and what examiners are focusing on. [9/5/14]
- Administrative Actions Announced
The FDIC has released 38 enforcement actions taken in the month of July and one in June. [9/2/14]
- Regulators to Judge on Operation Choke Point: Blame the Banks, Not Us
FDIC, Federal Reserve and OCC are seeking a dismissal of a lawsuit by payday lenders accusing them of pressuring banks to terminate relationships with them. "Banks, not federal banking regulators, terminated those business relationships," said FDIC lawyers. [8/20/14]
- The Cost of the De Novo Chokehold
While the FDIC denies there is a moratorium on de novo bank approvals, the fact is that new bank startups are rare these days, and here are some of the ramifications of that. [8/20/14]
- Why Increasing Liability of Directors of TBTF Banks Matters to Directors of Community Banks
The push for increasing personal liability of the directors of "too big to fail" banks is likely to trickle down to the directors of "too small to save" banks, which are more at risk of FDIC litigation than their larger counterparts. [8/11/14]
- Counterparties Crash the Party
The FDIC's recently published proposal would change the deposit insurance assessment system. Of the four main proposed changes, three deal with the role counterparty exposure should play in calculating assessment rates. The proposed rule is intended to affect large and highly complex institutions. [8/1/14]
