Links in “FDIC”

The FDIC proposes to combine a bank survey of small business lending and another about consumer bank accounts in order to "reduce the burden on banks relative to fielding two separate surveys." The ABA responds that a survey that must be addressed by two different departments is not exactly the kind of burden reduction it was hoping for. [12/8/15]

The Interagency Appraisal Complaint Form is used for making formal complaints that institutions have not complied with appraisal independence standards or USPAP.  The OCC and FDIC have requested comments regarding whether its use should be continued. [12/8/15]

Revised manual includes updated templates of CRA performance evaluation, new guidance about matters requiring board attention, guidance on evaluating the impact of consumer harm on examination and supervisory activities, and more. [12/7/15]

The FDIC has released guidance to aid institutions in areas of Texas affected by flooding and severe storms, encouraging institution’s to work with borrowers experiencing difficulties caused by extreme weather. This involves extending repayment terms, restructuring existing loans, and regulatory relief from certain filing and publishing requirements. [12/2/15]

OCC, Fed, and the FDIC announce their sixth and final outreach meeting to review the Economic Growth and Regulatory Paperwork Reduction Act of 1996. [11/30/15]

FDIC issued a total of enforcement 15 orders in October. Here's the rundown. [11/30/15]

The FDIC has added to its cybersecurity awareness resources for financial institutions. These supplemental materials, located here, are designed to encourage discussions regarding operational risk on common banking functions. [11/25/15]

The OCC, FDIC, CFPB and SEC have submitted a request for approval of a proposal that would call for financial institutions to make public their efforts to ensure the institution's diversity and inclusion in its workforce and procurement activities. [11/9/15]

The FDIC has proposed a surcharge on the quarterly assessments of insured depository institutions with total consolidated assets of $10 billion or more aimed at increasing the Deposit Insurance Fund (DIF or fund) to 1.35%. The surcharge is expected to launch in 2016 and end by 2018 and will give surcharged FIs a credit that can be applied against future charges when the DIF exceeds 1.40. [11/6/15]

The FDIC releases the November 2015 list of banks examined for CRA compliance. Not all of the banks received a satisfactory rating; two received outstanding ratings. OCC ratings for October are similar. [11/5/15]