News Topic: FDIC

The Federal Deposit Insurance Corp., Office of the Comptroller of the Currency, Commodity Futures Trading Commission, and the Securities and Exchange Commision announced Thursday they had joined the Global Financial Innovation Network. ... Read full article

A regulatory cloud still follows fintech companies following a judge's decision throwing out the Office of the Comptroller Currency’s special-purpose charter. ... Read full article

The chairman acknowledged the timetable is "ambitious." ... Read full article

The two agencies requested comment on the scorecard regulators use to assess a bank's overall health as some question whether ratings are consistently applied. ... Read full article

A regulatory proposal to ease the initial margin buffer on certain derivatives trading could be harmful to the economy. ... Read full article

Readers cast doubts on regulatory attempts to jointly revamp the Community Reinvestment Act, react to Democrats berating the CFPB head, an upcoming House hearing with Facebook's CEO and more. ... Read full article

The four prudential agencies, which will enforce the new credit loss methodology developed by the Financial Accounting Standards Board, said they want to promote consistency. ... Read full article

The three federal bank regulators often say they want to work together to reform the Community Reinvestment Act. But once again, a senior official has raised the possibility the agencies will move separately. ... Read full article

Executives sent a letter to the federal banking regulators last month expressing concern that an alternative to the London interbank offered rate could limit credit availability. ... Read full article

As part of an effort to reduce regulatory burden, the agency will retire policy statements from the 1980s and nineties dealing with securities subsidiaries, failed-bank receiverships and other matters. ... Read full article

All personnel will qualify for up to six weeks of paid leave following the birth, adoption, or foster-care placement of a child in their home, the agency said. ... Read full article

Even with the FDIC actively encouraging groups to start banks, challenges like raising capital and low interest rates make it tough. ... Read full article

The reforms will result in significant changes to the proprietary trading ban first proposed by former Federal Reserve Chairman Paul Volcker and mandated in the Dodd-Frank Act. ... Read full article

Regulators should consider online lending and a list of what loans qualify for CRA credit in any revamp of the outdated law. ... Read full article

FDIC Chairman Jelena McWilliams reaches out to tech pros to bring fresh ideas to the agency. ... Read full article

Readers react to a regulator's promise to reduce regulation that hinders innovation, Sen. Elizabeth Warren's plan to impose heavier taxes on lobby groups, Freddie Mac's exploration into AI and more. ... Read full article

The central bank will consider rules to create a tiered structure for supervising banks with over $100 billion of assets and to ease resolution plan requirements. ... Read full article

The new regulation will allow more flexibility for board directors and senior managers to serve at multiple institutions. ... Read full article