Links in “FDIC”

The FDIC issued a total of 40 orders including four consent orders, six removal and prohibition orders, two CMPs, one PCA and 14 terminating consent orders and C&Ds. [4/28]

Former FDIC chair calls Operation Choke Point, a DOJ initiative targeting payday lenders, "both alarming and repugnant." [4/24]

The open-session webcast for the FDIC Advisory Committee on Economic Inclusion (ComE-IN) will be held on Thursday, April 24, 2014 and will include key topics of safe accounts, mobile financial services, financial education opportunities, and consumer demand for small dollar loans. [4/23]

The FDIC is promoting a series of 12 free (required registration) seminars on deposit insurance coverage for bank officers and employees between May 6, 2014, and December 4, 2014. Key topics that will be presented include "Fundamentals of Deposit Insurance Coverage," "Deposit Insurance Coverage for Revocable Trust Accounts," and "Advanced Topics in Deposit Insurance Coverage." [4/21]

FDIC's regional offices are issuing guidance on how overdraft practices may be considered an unfair or deceptive act or practice under Section 5 of the FTC act. [4/17]

Here is a recap of the government services recommended by the FDIC to assist banks in addressing cyber threats. [4/14]

The FDIC promotes the active use of cyber-related risk resources to respond to ever emerging threats facing today's FIs. The issued press release seeks to ensure that Information Security staff are aware of and subscribe to a list of 5 reliable and recognized resources aimed at identifying cyber risks as they emerge. [4/11]

ICBA issues statement on FDIC's recent report on the banking industry consolidation, including the stark decline of micro-banks of less than $25 million in assets, which dropped from 5,717 to just 205 over the past 30 years. [4/10]

FDIC's Dallas region provides some guidance in its quarterly newsletter about some of the trickier nuances of overdraft protection programs. [4/10]

It turned out to be a long day for NCUA General Counsel, Mike McKenna, who was grilled by the members of the House Financial Services Committee over why the agency’s proposed risk-based capital rule’s risk weights are higher than those set by the FDIC when credit unions have lower delinquency rates than banks.  McKenna responded that NCUA believes their proposed risk weightings are equivalent to those used by the FDIC given the unique nature of credit unions and other factors. [4/9]