FDIC

Fed, Treasury clarify underwriting rules for Main Street loans

09/18/20

The Federal Reserve and the Treasury Department released a set of FAQ's aimed to clearing up misconceptions about the Main Street Lending program and encouraging more bank participation.

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Credit unions to pay $1.5B to bolster NCUA’s deposit insurance fund

09/17/20

A historic influx of deposits has brought the National Credit Union Share Insurance Fund’s equity ratio close to the point where premiums would be required, but the regulator’s plan is intended to boost it.

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Fed to pitch CRA revamp of its own as regulators chart different paths

09/17/20

The Federal Reserve Board will discuss an advance notice of proposed rulemaking on the Community Reinvestment Act at an open meeting. The central bank had previously declined to support an OCC rule overhauling the 1977 law.

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FDIC holds line on bank fees despite sharp deposit growth

09/15/20

The agency’s insurance fund dipped below its statutory minimum last quarter thanks to the rapid rise in deposits, but officials say it should bounce back without a hike in premiums.

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FDIC's brokered deposit proposal has a glaring problem

09/11/20

The plan would encourage more risk-taking by big banks, which would put the industry and taxpayers in harm’s way, write former CFPB Director Richard Cordray and Camden Fine, onetime head of the Independent Community Bankers of America.

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FDIC to discuss fund restoration plan next week

09/09/20

A pandemic-driven surge in bank deposits helped drive the agency's insurance reserves below their statutory minimum.

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As states and OCC keep butting heads, does innovation suffer?

09/01/20

Backers of lawsuits challenging federal charter and interest rate policies for nonbanks say states are sticking up for consumer protection. Others say the legal quagmire could slow efforts to improve the regulatory framework.

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DOJ antitrust unit considers overhaul of bank merger review process

09/01/20

The division asked for public feedback as it weighs changes "to reflect emerging trends in the banking and financial services sector."

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Four bankers of failed thrift charged with helping client embezzle funds

08/29/20

The Justice Department alleges that the bankers worked with “higher-ranking bank officials” at Washington Federal Bank for Savings in Chicago to falsify records and hide funds prior to the bank's December 2017 collapse.

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Rakuten withdrawal a relief for banks, but ILC saga's far from over

08/26/20

The e-commerce leader’s return to the drawing board alleviates immediate concerns about its banking plans. But the company intends to reapply, and it will be harder for the industry to persuade policymakers to block industrial loan companies more broadly.

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