FDIC

FDIC must have full board to rule on BB&T-SunTrust: Sherrod Brown

04/23/19

In separate letters to President Trump and the head of the FDIC, the Senate Democrat said the merger cannot be approved until all five seats of the agency's board of directors are filled.

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Robinhood angered banks. Now it wants to be one

04/22/19

The fintech company, which was forced to rebrand its cash management product last year after misleading marketing caused a backlash, is seeking a national bank charter.

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FDIC board backs reg relief proposals for foreign banks, living wills

04/16/19

Following the Federal Reserve Board, the FDIC signed off on proposed measures to ease resolution planning requirements and tailor supervisory standards for foreign banking companies operating in the U.S.

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Will reg relief plan bring back failure-related risks?

04/15/19

Despite consensus that regulators should ease so-called “living will” requirements by some degree, critics charge that a proposal by the Fed and FDIC could undo gains in making large banks easier to resolve.

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Why are policymakers so afraid of the word 'deregulation'?

04/11/19

Regulators and lawmakers go to great lengths to avoid using the term for reforms in the Trump era, but its meaning is consistent with recent steps to revise and clarify the post-crisis regime.

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Deposit rate cap epitomizes bad regulation for small banks

04/10/19

The decade-old rule, now under review, is outdated and another example of one-size-fits-all regulation, community bankers say.

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Agencies near consensus on key elements of CRA reform

04/09/19

Senior officials at the OCC, FDIC and Fed signaled they agree more than they disagree on a plan to modernize the Community Reinvestment Act.

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U.S. banks are prepared for 'hard Brexit': Mnuchin

04/09/19

The Treasury secretary told the House Financial Services Committee that he has been in coordination with the U.S. bank regulators to soften the impact of the United Kingdom potentially failing to strike a deal on its exit from the European Union.

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OCC and FDIC chiefs signal progress on CRA reform

04/03/19

In successive speeches, Joseph Otting and Jelena McWilliams expressed hope for a Community Reinvestment Act rule by early next year, and also said regulators should align their small-dollar lending policies.

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No free pass for fintechs

04/03/19

Community banks are open to working with innovative financial startups, but regulators must ensure they face the same oversight standards as traditional banks.

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