Links in “FDIC”
- FDIC Warns Consumers About Potential Costs of Bank Reward Programs
The latest FDIC Consumer News seeks to inform consumers about the potential costs and other factors that can be associated with a bank "rewards" program. [8/28/15]
- FDIC Releases Summer 2015 Supervisory Insights
Strategic planning in an evolving earnings environment, investing in securitizations and a regulatory and supervisory roundup are in the FDIC's latest issue. [8/25/15]
- Citizens Bank Hat Trick
- The Naughty List
FDIC makes public June Enforcement Actions taken against banks and individuals in June. There were 42 orders including nine civil money penalties and one notice of charges. No administrative hearings are scheduled for August 2015. [7/31/15]
- IOLTA Insurance Proposal Doesnât Go Far Enough
While the proposal would extend share insurance coverage to lawyersâs trust accounts (IOLTAs), it does not achieve full parity with the FDIC. Â According to CUNA, the NCUA has the authority to and should extend coverage to prepaid and stored-value cards, as well. [7/13/15]
- Release the 2015 List of Distressed or Underserved Nonmetropolitan Middle-Income Geographies!
I know, It's not nearly as effective as "...the Kraken!" The FRB, OCC, and FDIC released the updated list of distressed or underserved nonmetropolitan middle-income geographies where revitalization and stabilization activities will receive CRA consideration as part of community development. [7/9/15]
- Who Made the List? FDIC Issues List of Banks Examined for CRA Compliance
The FDIC issued yesterday its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act (CRA). The list covers evaluation ratings that the FDIC assigned to institutions in April 2015. [7/2/15]
- Joint Final Flood Insurance Rule Issued by Federal Banking Regulators
Five of the federal banking regulatory agenciesâFDIC, FRB, OCC, FCA, and NCUAâhave recently issued a joint final flood insurance rule. The rule accomplished many things, including requiring escrowing of flood insurance payments from non-exempt loans, and requiring borrowers be given the option to escrow flood insurance premiums and fees. [6/25/15]
- Why the FDIC Should Kill its Premium Proposition
The FDIC's proposed premium solution is costly and delivers no benefit to the deposit insurance fund. Here's why. [6/17/15]
- Number of Banks, CUs Continues to Decline
The FDIC and the NCUA release their quarterly reports, finding that the number of banks fell from 6,509 at the end of last quarter to 6,419 as of March 31. The number of federally insured credit unions fell to 6,206, exactly 285 fewer than at the same time last year. [6/11/15]
