FDIC

Regulators finalize rule streamlining call reports for smaller banks

06/17/19

The new regulation mandated by Congress expands eligibility for a simplified reporting form to financial institutions with $5 billion of assets.

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Google and PayPal explored OCC’s fintech charter, then walked away

06/16/19

Dozens of companies, including Google and PayPal, met with OCC officials last year in part to discuss obtaining a new fintech charter, but many ultimately decided not to pursue it, according to sources. Here's why.

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Fed publishes report on what bankers want from CRA reform

06/13/19

The central bank gathered feedback in nearly 30 roundtable discussions about regulators' efforts to modernize the 1977 law.

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Agencies are close to finishing Volcker Rule changes: FDIC's McWilliams

06/12/19

The head of the Federal Deposit Insurance Corp. previously had said regulators were weighing numerous options for addressing criticism of their 2018 proposal.

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Warren, Jones press regulators on fintech lending discrimination

06/12/19

Sens. Elizabeth Warren, D-Mass., and Doug Jones, D-Ala., cited research that found algorithmic lending can lead to higher interest rates for minority borrowers.

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Higher returns or deposit insurance? Fintech bets on answer

06/06/19

Boston-based Trio is openly offering its cash management account as capital at risk, offering big incentives if consumers agree to sign up for an uninsured account.

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First failed bank since 2017 will leave FDIC with hefty price tag

05/31/19

Regulators closed The Enloe State Bank in Texas late Friday, marking the first failure in 17 months and the first in the Lone Star State in over five years.

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5 takeaways on industry’s health, from FDIC’s 1Q report

05/29/19

Wider net interest margins compared to a year earlier helped make up for a slight decline in loan balances, as nearly two-thirds of banks reported higher profits in the first quarter.

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Agencies closer to joint polices on CRA, small-dollar loans: FDIC head

05/29/19

Jelena McWilliams said federal bank regulators could begin "within a week or so" to discuss a draft proposal for reforming the Community Reinvestment Act.

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Interest income pushes 1Q bank earnings up 9% to $61B: FDIC

05/29/19

More than 66% of the banks reported a jump in net income during the first quarter but new risks are emerging in interest rates and underwriting, the Federal Deposit Insurance Corp. said Wednesday.

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