FDIC

FDIC floats certification program for fintechs working with banks

07/20/20

The agency's request for information seeks comment on the idea of the FDIC partnering with a standards-setting organization to develop best practices for technology firms, among other things.

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Trump’s attempt to weaken fair housing rules is beyond tone deaf

07/20/20

The White House's efforts to loosen equality requirements in lending run counter to the widespread demand for racial justice. Congress must act.

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First Women's Bank receives conditional approval from FDIC

07/16/20

The proposed Chicago de novo would focus on serving female entrepreneurs.

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New Jersey bank hit with consent order tied to BSA compliance

07/14/20

Unity Bancorp must improve its policies and procedures, and increase staff training, for following Bank Secrecy Act and anti-money laundering laws.

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Former First NBC executives charged with fraud tied to bank's failure

07/14/20

Ashton Ryan, the New Orleans bank's CEO, and two other officers are accused of disguising the financial condition of certain borrowers before the bank's 2017 collapse.

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FDIC lacks adequate sexual harassment prevention, reporting system: IG

07/13/20

Even though fewer cases are reported among the agency's employees compared to the government average, the watchdog said the Federal Deposit Insurance Corp. should improve its anti-harassment training and other procedures.

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Are lawmakers inviting ‘hot money’ boom with brokered deposit bill?

07/08/20

Backers say a bill to limit asset growth instead of restricting brokered funds addresses concerns about expanding balance sheets at troubled banks. But skeptics worry it would open the door to greater risk.

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Big banks join fight against new ILCs

07/06/20

Small banks have long led the campaign against industrial loan companies, arguing they can be used to violate the separation of banking and commerce. But now the industry’s heavyweights are also taking a hard line in response to an FDIC proposal that would give tech companies a smoother path into the lending business.

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Repealing brokered deposit law would be a costly mistake

07/06/20

Congress and the FDIC are considering easing limits on banks' holdings of such deposits, a move that could inadvertently lead to more expensive failures.

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Edward Jones seeks FDIC coverage for industrial loan company

07/02/20

The investment firm is the latest nonbank to try to enter banking through a Utah-based ILC.

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