FDIC

GOP senators push regulatory relief for PPP banks

11/10/20

Regulators were receptive to Republican lawmakers' calls to ease burdens on banks that cross new asset thresholds as a result of their participation in the Paycheck Protection Program.

[more]

What Sheila Bair brings to table as chair of Fannie Mae

11/09/20

The former FDIC chief oversaw the resolution of hundreds of failed banks during the financial crisis and knows how to build relationships with regulators. Those skills could be crucial in helping Fannie exit federal control.

[more]

Access Denied: Underserved or ignored?

11/09/20

Opening a bank or investment account — or even securing employment in a racism-free workplace — is out of reach for many Black Americans.

[more]

Regulators tell banks they can choose any replacement rate for Libor

11/06/20

The statement comes after multiple small and midsize institutions earlier this year warned the agencies that the secured overnight financing rate was ill-suited to them.

[more]

ABA names Pinder as new general counsel

11/05/20

Thomas Pinder held jobs at the Justice Department and FDIC before coming to the American Bankers Association in 2012.

[more]

Former FDIC head Sheila Bair to chair Fannie Mae board

11/05/20

One of the top banking regulators during the 2008 financial crisis could have a hand in nudging Fannie Mae out of conservatorship.

[more]

Agencies formally propose rule to weaken role of guidance

10/29/20

The proposed regulation would codify a 2018 pronouncement by regulators that guidance does not carry the force of law.

[more]

OCC chief says agency is close to proposing new CRA scoring benchmarks

10/26/20

The agency's May rule modernizing the Community Reinvestment Act had deferred action on establishing numeric metrics for meeting the law's requirements, but acting Comptroller of the Currency Brian Brooks said banks will soon get more clarity in a follow-up proposal.

[more]

Wall Street’s Cohn is wrong about community banks

10/23/20

The assertion by former Goldman Sachs executive Gary Cohn that smaller banks won't be viable in a high-tech world overlooks their success in partnering with fintechs, according to the Independent Community Bankers of America.

[more]

OCC undermines own CRA rule by putting key metric on hold

10/21/20

Delaying a proposed benchmark for grading banks' performance in Community Reinvestment Act exams to appease critics of its initial proposal will make it harder to gauge the final rule’s impact.

[more]