Links in “FDIC”
- Hit List Posted
The FDIC has issued its list of institutions scheduled for CRA examinations in the third-quarter. Accompanying the list is an explanation of the likely frequency of a CRA examination and a disclaimer that the schedule will likely change due to unforeseen events or circumstances. Regulators welcome public comment on the institutions scheduled for examination. [5/30]
- Consumers Find More Ways to Save at the Bank
The latest issue of FDIC Consumer News features five basic questions to ask plus money-saving tips and strategies to consider when it comes to banking and borrowing. The FDIC encourages financial institutions, government agencies, consumer organizations, educators, the media and anyone else to help make the tips and information widely available. [5/28]
- FDIC Asks for Comments on “Rolling Spot” Transactions
The FDIC invited Federal agencies and the public to comment on the renewal of an existing information collection called the Retail Foreign Exchange Transactions. The regulation involved (12 CFR part 349) outline requirements for foreign currency future, options on futures, and other FDIC-supervised options. [5/27]
- Agri-Banks Struggle to Harvest Shrinking Customer Base
The Federal Deposit Insurance Corporation (FDIC) today published an article in its FDIC Quarterly on the trends in rural depopulation and the implication of these trends on rural community banks. [5/20]
- Financial Institutions Shoot Down Gun Businesses
Gun retailers are cited as âhigh-riskâ by the FDIC, limiting their banking options and restricting business. Financial institutions are responding by choking off lines of credit, freezing assets and prohibiting online sales. [5/19]
- Strategies for Innovative Community Development
The FDIC's Division of Depositor and Consumer Protection (DCP) Community Affairs Branch announces it will host a webinar titled Innovation at Work: Financial Empowerment Programs on May 30, 2014. This webinar will feature leading practitioners who will share success stores intended to highlight strategies institutions can use to promote community development. [5/13]
- FDIC Sifts CDFIs
The FDIC has produced a resource guide to helps banks identify and evaluate CRA opportunities in working with Community Development Financial Institutions. [5/9]
- FDIC Releases CRA Results for May
FDIC released its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act (CRA). The list covers evaluation ratings that the FDIC assigned to institutions in May 2014. Of the 87 institutions examined, 4 received outstanding, 82 were satisfactory, and 1 (Washita State Bank) needs improvement. [5/6]
- Is the FDIC Anti-de Novo?
The FDIC may say this it is open for business when it comes to entertaining applications for de novo banks, but the numbers suggest otherwise. [4/30]
- Treading Between Regulation, Guidance and Best Practices
FDIC official seeks to shed light on the differences between regulations, guidance and best practices, as it pertains to examination expectations and enforceability. [4/28]
