Links in “FDIC”
- Existence of Policy Barring FDIC From Suing Officers and Directors of 1- or 2-rated Banks Questioned
A newspaper story quotes an FDIC spokesperson citing a 1992 policy that bars the agency from suing officers and directors of banks rated two or better on the agency's CAMELS scale; these bank attorneys are unaware of the existence of such a policy. [9/10]
- Senior Moment for FDIC
FDIC's most recent Consumer News focuses on "Financial Tips for Seniors" offering strong advice on financial strategies, avoiding scams, sending money abroad, ARMs and HSAs. [9/9]
- Perhaps 60 Billion Pages Is Enough?
FDIC's new record retention rules for failed institutions should help curb its current retention of those 59.7 billion pages of electronic data retained (775 terabytes). New rules call for a maximum 10-year retention and provide insights on records maintenance. [9/4]
- Compliance Issues among FDIC Enforcement Orders
California bank hit with a C&D for BSA violations; Michigan bank ordered to update and monitor its compliance policies and submit to a third-party compliance audit; Tennessee bank ordered to establish a non-employee compliance committee. [9/3]
- Looking Closer at FDIC’s Q2 Report: Not as Rosy as It Seems
While the number of problem banks decreased, because of the number of banks that have gone out of existence, the percentage of troubled institutions remains disconcertingly high. [9/3]
- FDIC Issues Q4 CRA List
FDIC publishes its list of banks scheduled to receive a CRA examination next quarter. Is your bank on it? [8/30]
- Bank Earnings Up 23% in Q2
FDIC reports banks reported income of $42.2 billion in Q2, a 22.6% increase from a year earlier. [8/30]
- Federal Agencies Issue a Second Proposed Interagency Rule on QRMs
Although proposed rule issued by the FDIC, FHFA, FRB, Dept. of Housing and Development, SEC and the OCC does not directly affect credit unions, as participants in the mortgage market place they would likely feel the impact; proposed rule would make the definition of a âqualified residential mortgageâ consistent with the CFPBâs definition of a âqualified mortgage.â [8/29]
- How Customers Can Independently Verify the Banks Behind Internet Banks
Some internet banks don't make it easy for customers to independently confirm their FDIC membership. [8/28]
- FDIC to Discuss Plan B for Qualified Residential Mortgages
Banking and housing advocates argued the original 20% down payment standard to qualify as a QRM would mean higher costs for lower-income borrowers unable to afford such a big cash payment; FDIC's board to take up matter again next week. [8/23]
