Links in “FDIC”

The FDIC has approved an interim rule that increases the threshold of well-managed community banks that can qualify for an 18-month exam cycle instead of a 12-month exam cycle from $500 million in assets to less than $1 billion in assets. More than 600 institutions will be affected by the rule change. [1/22/16]

The FDIC is hosting a webinar titled "Help Encourage Individuals and Families to Save" on February 3, 2016 that will highlight strategies and approaches for institutions to consider that encourage savings, all in conjunction with America Saves Week. [1/15/16]

The Federal Reserve, the FDIC, and the OCC will be holding a conference on the Community Reinvestment Act. [1/8/16]

FDIC released its January CRA examination list. Most banks were rated "Satisfactory," but five received the coveted "Outstanding," and Pearland State Bank in Texas and The Bancorp Bank received the far less coveted "Needs to Improve." [1/8/16]

PLA today updates the UDAAP Database with recent enforcement actions from prudential regulators, including the CFPB, FDIC, and the Board of Governors of the Federal Reserve System. A table illustrating these recent actions is viewable here. [1/6/16]

Between the holidays, the FDIC issued 23 orders, including four consent orders, nine removal and prohibition orders, three Section 19 orders and one civil money penalty. But the news was not all gloomy: there were six terminations of consent and C&D orders. [1/4/16]

The Fed, FDIC, and OCC remind commercial real estate lenders to reinforce their prudent risk-management practices in light of increased competition. [12/21/15]

That is the question on the minds of many this morning as the FDIC announced that is has approved a budget reduction of 4.7%, while the NCUA just approved a budget increase of 4.1%. The FDIC stated that because the economy is improving and the number of bank failures are declining prudent budget management calls for cost reductions. Shouldn’t that be the case for NCUA, as well? [12/16/15]

In an effort to "prudently" manage its costs, the FDIC sheds 4.7% from its budget for 2016 and a staffing level that is 317 positions down from 2015. [12/16/15]

FDIC reports that loan and lease balances are up $95 billion, and the problem list of banks fell from 228 to 203. NCUA reports loans increased 3.3% over the previous quarter, and the percentage of federally insured credit unions that were well-capitalized credit unions rose a half a point over the same time last year. [12/9/15]