FDIC

Lawmakers give wildly divergent reviews of CRA plan

12/12/19

Regulators’ sweeping proposal to reform implementation of the Community Reinvestment Act has drawn strong opinions on both sides.

[more]

FDIC brokered deposits plan aims to give banks flexibility

12/12/19

The proposal comes after years of criticism that the current policy stifles innovation and hamstrings banks' ability to raise funds.

[more]

CRA cheat sheet: New regime would look very different

12/12/19

The long-awaited proposal by the OCC and FDIC to modernize the Community Reinvestment Act would seek to make grading simpler and more transparent while allowing banks to spread loans and investments across a broader geographic area.

[more]

Maxine Waters to crash FDIC meeting on CRA revamp

12/12/19

In a rare move, the House Financial Services Committee chairwoman will lead a congressional delegation to a public FDIC board meeting as it considers releasing a proposal to rework the Community Reinvestment Act.

[more]

Powell unsure on future CRA path if Fed parts with other agencies

12/11/19

The Fed chairman said he has not given up on the central bank agreeing with other regulatory agencies on a plan to modernize the Community Reinvestment Act, but admitted, "I don’t know whether that will be possible or not.”

[more]

The Bancorp freed from Fed order tied to capital management

12/11/19

The supervisory letter had required the company to get Fed approval before issuing debt, paying dividends or making quarterly payments on its trust-preferred securities.

[more]

FDIC chief pitches brokered deposit rewrite, urges Congress to do more

12/11/19

Chairman Jelena McWilliams previewed a proposal to update the agency’s definition of brokered funds, but also suggested steps lawmakers could take to improve the rule’s underlying statute.

[more]

Is Congress spoiling for another fight over ILCs?

12/10/19

The Rakuten application has piqued interest in reviving legislation aimed at stopping commercial firms from owning banks. Yet Congress previously had the chance to enact such a measure and declined.

[more]

Truist rising: With megamerger done, pressure on to deliver

12/09/19

Cost cutting and systems integrations are short-term priorities, but over time CEO Kelly King and his heir apparent, Bill Rogers, will have to exploit the combined BB&T-SunTrust's revenue potential and prove the biggest post-crisis merger was a good idea.

[more]

Four big questions as CRA proposal nears official release

12/08/19

The banking industry could finally have answers soon on the degree of agreement between regulators reforming the Community Reinvestment Act, how they envision CRA zones of the future and other key matters.

[more]