Links in “FDIC”
- FDIC: Don’t Count Out Community Banking
According to an FDIC research study, the number of community banks (defined as insured banks with assets between $100 million and $10 billion) has actually increased by 7% from 1985 and 2013. Don't look behind the curtain for those under $100 million. [4/9]
- FDIC Issues Technology Outsourcing Tools
FDIC promotes three key companion guides to IT Handbook that provide practical ideas for banks to consider when they engage in technology outsourcing including IT provider selection tools, management tools for conducting performance risk of IT providers, and techniques for managing multiple service providers. [4/7]
- FDIC’s February Public Enforcement Actions
February actions show continued trend of termination of consent orders (16) and termination of Prompt Corrective Action (6) outpacing new consent orders (3). CMPs (5) and removal/prohibition (5) noted. [3/31]
- Seeking to Rein In Operation Choke Point-like Throttling
Bipartisan group of legislators write letter to FDIC and OCC expressing concerns that efforts to crackdown on illegal payday lenders are having undue consequences on legitimate customers that have successfully banked for decades. [3/31]
- FDIC’s CRA Results: 1 Needs to Improve, 1 Substantial Non-Compliance
Results of CRA Examinations from December 2013 released showing 116 FIs reviewed with 4 Outstandings, 110 Satisfactory, 1 Needs Improvement (First Navy Bank) and 1 Substantial Non-Compliance (Evergreen Bank Group-Illinois). Important CRA Public Evaluation reading. [3/5]
- Could Be Worse: A Look Inside Citi’s Anti-Money-Laundering Headaches
Citigroup discloses it has received a subpoena from federal prosecutors and the FDIC related to anti-money-laundering compliance involving a banking affiliate. This account looks back at some of the history of Citi's problems stemming in part from improvements gone awry. [3/4]
- Details on the 4th and 5th Banks Closed in 2014 Released
Two banks were closed on Friday (Vantage Point Bank, Horsham, Pennsylvania and Millennium Bank, National Association, Sterling, Virginia) bringing the total to 5 for the 2014 YTD. The FDIC entered into respective purchase and assumption agreements with other FIs. [3/3]
- FDIC Releases 2nd Quarter CRA Examination Schedule
Time to get those CRA Strategic Assessments and Performance Context Reports prepared and ready to go for the 319 FIs listed. [2/28]
- FDIC’s Q4 Report on Banks: Things Are Looking Up
Net income is up, loan balances are up, net interest margins are up, and the Deposit Insurance Fund is up. With the number of problem banks and number of failed banks declining, even the downs are "ups." [2/28]
- Some Useful Reminders from FDIC’s Latest Consumer Tips
Highlights from the FDIC's Winter 2013/2014 Consumer News, including credit card tips and a test of your deposit insurance IQ. [2/26]
