Links in “FDIC”
- Choose Your Examination Adventure: Are You Winston Churchill or Neville Chamberlain?
Compliance is the slow and laborious task of years. Then, when your examiner comes in and destroys your hard work in the matter of a day (or so it seems), it can turn your examination into a power struggle. In this article, former FDIC examiner Ken Agle (with the assistance of Winston Churchill) teaches a way to help tip the scales back in your favor and assert control of your examination. [12/22/14]
- Crystal Clear: Transparency Improvements for NCUA
The 2015 operating budget for each NCUA board member has been made public in an effort to improve transparency and accountability. Similarly, the FDIC operating budget for 2015 has been approved and can be reviewed here. [12/17/14]
- FDIC Email: “Literally Cannot Stand Payday Lending”
Congressman requests FDIC emails addressing Operation Choke Point and receives them, including one from a senior FDIC official who "literally cannot stand payday lending." [12/11/14]
- FDIC Orders Actionâor Else
The list of enforcement actions is out again with 38 orders. Much higher than last monthâs 20 orders. [12/1/14]
- Agencies to Wells Fargo: Improvement Is Not Perfection
The Federal Reserve and FDIC have reviewed the 2014 resolution plan for Wells Fargo. While improvements appear promising, the bank also experienced shortcomings relative to its resolution plan which will need to be addressed in the coming year's plan. [11/26/14]
- FDIC Offers Free Flood Insurance Teleconference
The next FDIC teleconference is scheduled for December 9, 2014, and will focus on changes to flood insurance purchase requirements. This session will be free, but registration is required by December 5. [11/26/14]
- America Saves Week 2015: Preparatory Webinar
The Division of Depositor and Consumer Protection (DCP) Community Affairs Branch of the FDIC will provide a webinar to promote wise saving and goal setting through the use of insured bank accounts. The December 12th webinar is free, but pre-registration is required. [11/25/14]
- Regulators Self-Promoting?
On the same day, both the FDIC and the OCC (see this) issued guidance in the form of Q&As for guiding potential applicants regarding deposit insurance and licensing. [11/21/14]
- Agencies Finalize Credit Risk Retention Rules
The finalized risk retention rule from the FDIC, FRB, OCC, SEC, HUD, and FHFA reduces the risk retention requirements for ABS collaterlized by commercial, commercial real estate, or auto loans and includes a prohibition of hedging and the transfer of risk retention. [11/20/14]
- Moving Forward…
The FDIC is moving forward with its information collection proposal on account-based disclosures in connection with Regulations E, CC, and DD. [11/20/2014]
