FDIC

OCC's Otting takes another swipe at Fed over CRA reform

02/27/20

Comptroller of the Currency Joseph Otting suggested the central bank was adopting a “partisan” stance against his plan to overhaul the Community Reinvestment Act.

[more]

A profit letdown for banks in 2019

02/25/20

The FDIC’s Quarterly Banking Profile said lackluster net interest income, likely resulting from lower short-term interest rates, drove a decline in fourth-quarter and full-year earnings.

[more]

FDIC sign getting makeover for digital age

02/20/20

The agency said it wants feedback on changing its ubiquitous logo greeting customers at branches and ATMs to address technological changes, shifting consumer behaviors and bank-nonbank partnerships.

[more]

Regulators extend CRA comment period, bowing to congressional pressure

02/19/20

In a sudden reversal, the OCC and FDIC said they would push back the deadline to April for groups to weigh in on the proposal to modernize the Community Reinvestment Act.

[more]

Is partisanship seeping into bank regulators’ discourse?

02/16/20

Compared with incendiary fights elsewhere in the capital, deliberations among the banking agencies tend to be more banal. But on issues from the Volcker Rule to CRA reform, disagreements lately between officials have grown sharper.

[more]

Nebraska bank is first failure of 2020

02/14/20

Ericson State Bank, which had been in regulators’ sights for a decade, was closed by state and federal authorities Friday. Another bank acquired all of its deposits and a fraction of its assets.

[more]

Retirement wave could leave FDIC short-staffed in crisis, watchdog warns

02/14/20

The inspector general also said high turnover at the chief information officer position has limited the agency's ability to modernize its technology.

[more]

Senate Republicans target banks refusing services to ICE contractors

02/14/20

Five Republican senators want to cut off deposit insurance for banks that have stopped offering financial services to firms that operate detention facilities and private prisons on behalf of the federal government.

[more]

Use CRA to promote college savings

02/12/20

Proposed reforms to the Community Reinvestment Act focus on everything but bank products that promote higher education. It’s time to change that.

[more]

Charges in Equifax hack; Varo Money passes FDIC test

02/11/20

Four Chinese military members charged with stealing data of 150 million Americans; fintech can use deposit insurance, a step toward a full bank charter.

[more]