Links in “FDIC”

3 Needs Improvement, 5 Outstanding and 94 Satisfactory Ratings with Kansas Region leading the number of examinations at 33. [1/6]

Fed Reserve, FDIC, and the OCC issued 149 new enforcement actions in 2013, a 47% decrease from 2012, when regulators issued a total of 281 actions. [12/30]

While the three newly issued consent orders might not agree, the termination of 13 orders further continues the trend of weighted terminations to newly issued. However, November also includes another 20 actions. [12/27]

FDIC report recommends that banks test their securities portfolios' exposure to rising rates, consider increasing their holdings of shorter-maturity or variable-rate securities, lock in profits by selling longer-term securities, and prepare for shifts in customer behavior as interest rates climb. [12/27]

American Express settles allegations that it used to deceptive marketing and unfair billing practices in selling credit card add-on products to its customers. $59.5 million will go to restitution to customers and $16.2 million will to go three separate penalties to the CFPB, the FDIC and the OCC. [12/26]

The newsletter marks its 20th year anniversary and includes topics of avoiding risky loans, tips when shopping for a loan, handling adverse action when being denied a checking or savings account and the very popular role of social media and the consumer. [12/13]

Lawyer takes a look at how hard it was for Bank of Bird-in-Hand to get its de novo application approved by the FDIC (the first such approval in three years); say this is definitely NOT a sign that the de novo floodgates are opening. [12/9]

Banesco USA told to fix its anti-money laundering issues, including creating a BSA committee on its board, adding compliance staff, increasing training, hiring consultants to review controls, improving its AML risk-rating method, and reviewing procedures for wire transfers and new accounts. [12/9]

Quite a shift from November. For this month, all ratings were positive. 98 satisfactory ratings and 3 outstanding. [12/5]

With only one new bank charter approved since 2011, two trade associations call on the FDIC to revisit its policies on de novo banks adopted in 2009 that make forming new banks prohibitive. [12/3]