FDIC

Houston de novo effort secures conditional regulatory approval

10/20/20

Agility Bank, one of two women-led groups seeking charters, is looking to open next spring.

[more]

Industry wins key concession in liquidity rule

10/20/20

Regulators said they will allow banks to deduct Treasury securities — a source of market volatility in the pandemic — from the net stable funding ratio on the same day they provided relief from auditing requirements.

[more]

New pressure on banks to offer affordable consumer accounts

10/19/20

Both the Federal Deposit Insurance Corp. and the American Bankers Association are encouraging the industry to offer basic products that could bring more unbanked households into the financial mainstream.

[more]

Don't stand in the way of CRA reform

10/19/20

Lawmakers’ attempt to stall the OCC’s final rule, preventing regulators from reforming a 1977 law meant to help underserved communities, does far greater harm than any changes that are raising objections, says the acting comptroller.

[more]

Regulators close Florida bank in third failure of 2020

10/16/20

First City Bank of Florida had suffered “longstanding capital and asset quality issues” that were unrelated to the pandemic, the FDIC said.

[more]

Brokered deposits aren't 'hot money'

10/07/20

Many community banks need brokered deposits to help fund loans, so policymakers must strike the right balance between promoting liquidity and guarding against reckless lending.

[more]

Banks urge Fed to revise liquidity rule after pandemic shock

10/05/20

The industry is warning regulators putting the finishing touches on the Net Stable Funding Ratio that the measure could exacerbate volatile market events like the spring selloff of Treasury securities.

[more]

Fed plan to reform CRA at odds with OCC rule

09/21/20

The central bank's proposal to overhaul the Community Reinvestment Act differs markedly from the OCC's regulation in testing, data collection and other areas.

[more]

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.

[more]

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.

[more]