News Topic: FDIC

Revenue from overdrafts keeps rising, according to new FDIC data, even though the controversial product still has a bull’s-eye on its back. Clearer disclosures and higher consumer confidence are the big reasons. ... Read full article

The company's application, which is expected to be announced as early as Thursday, comes after online lender SoFi applied in June for an industrial loan company. The bank is expected to be led by a former Green Dot executive. ... Read full article

The Office of the Comptroller of the Currency and Federal Deposit Insurance Corp. have signed off on an abbreviation of the settlement cycle for securities to two days from three days. ... Read full article

The rule limiting the largest U.S. banks’ ability to enter into contracts with early termination clauses is intended to forestall a liquidity crunch if the bank is under stress. ... Read full article

Bank undercounted fake accounts and says it also opened more than 500,000 bill-pay accounts; CFPB director provides “no further insights” on his future. ... Read full article

The Federal Reserve’s plan to stop a bank bailout before it starts hasn’t been taken up more than five years since it was proposed. ... Read full article

The 3-year-old order was related to Discover Bank’s programs for combating money laundering. A related agreement with the Federal Reserve Bank of Chicago remains in effect. ... Read full article

Acting Comptroller of the Currency Keith Noreika is questioning the sincerity of recent steps by the FDIC to encourage de novo applications. ... Read full article

The idea that the trading ban burdens community banks and prevents them from investing in fintech opportunities is misleading. ... Read full article

In anticipation of future changes, bank regulators will allow all but the largest banks to avoid a planned phase-in of 2013 capital rules. ... Read full article

The banking industry had mostly good news in the FDIC's Quarterly Banking Profile, with higher profits helped by interest income. But there were worrying signs too, including a big jump in credit card chargeoffs. ... Read full article

Higher net interest income and modest growth in expenses helped boost bank earnings by 10.7%, the FDIC said in its Quarterly Banking Profile. ... Read full article

In the midst of a public feud between federal regulators on the right process for chartering new banks, Federal Financial Analytics argues that regulators should instead focus on loosening capital standards for new industry entrants. ... Read full article

The Federal Deposit Insurance Corp. will release its industry earnings report for the second quarter on Aug. 22. ... Read full article

As the interest of fintech firms in the banking system brings a focus on the industrial bank charter once again to Washington, it is necessary to dispel a few misconceptions. ... Read full article

While acting Comptroller of the Currency Keith Noreika's criticism that the FDIC is hampering the creation of new banks may have had merit in the past, the agency has fixed many problems. ... Read full article

Triumph Bancorp in Dallas has successfully taken chances on out-of-state acquisitions, factoring and other nontraditional strategies that many of its peers have avoided. ... Read full article

Federal regulators said Tuesday they would allow dozens of foreign banks and two U.S. bank holding companies to file their resolution plans by Dec. 31, 2018. ... Read full article