Links in “FDIC”
- Signs of a Looming Crackdown on Payday Lenders
Industry observers note the signs of the FDIC, OCC and CFPB moving toward enforcement actions and new rules. [12/3]
- FDIC Enforcement Orders for October Released
14 terminated orders, 4 new CMPs are part of the 44 listed enforcement actions for October 2013. [12/2]
- Agencies Seek to Kill Deposit Advance Loans
OCC and FDIC follow through on threat to kill deposit advance loans by issuing guidance that makes it likely that few banks will continue to offer these products. What the CFPB will do remains to be seen. [12/2]
- Key Reason for First Loss in Four Years for FDIC Institutions? Litigation Expenses
A $4 billion increase in litigation expenses at one institution cited as being "mainly attributable" for the first annual loss by FDIC institutions in more than four years. [11/27]
- JPMC Settles with Regulators to the Tune of $13 Large
The $13 billion total settlement over faulty mortgage-backed securities nets NCUA $1.4 billion and FDIC $515 million and others tidy sums. Litigation remains pending against many others. [11/20]
- FDIC’s Near Perfect CRA Rating Bell Curve
Ratings show 5 Needs Improvement, 90 Satisfactory and 6 Outstanding outcomes. How is that for a bell curve? Still, for those on the negative part of the bell, it makes sense to review their causal factor for NI. [11/4]
- FDIC & OCC Proposal on Liquidity Risk Management
While the proposal focuses on large FIs over $10 billion, the need for attention to liquidity risk management has never been greater. [10/31]
- Ally Settles Mortgage Claims for $170 Million
Deal with the Federal Housing Finance Agency and FDIC require pending litigation against the bank to be dismissed. [10/31]
- FDIC Enforcement Order Compliance Rundown
Of the 10 enforcement orders, seven had to do with compliance, including four for violations of Flood Disaster Protection Act (banks in Wisconsin, Iowa, Illinois, and Colorado -- see our NB Hot Tip on an important update to Flood), two for BSA violations (banks in Mississippi and New Jersey), and one for failure to comply with overdraft rules (a bank in California). [10/29]
- FDIC’s September Enforcement Orders Issued
Includes 11 civil monetary penalties issued and 8 removal actions. But, on a positive note, also includes 11 termination of consent orders compared to just 3 newly issued consent orders. CMPs always worth reading for insights into training. [10/28]
