FDIC

FDIC aims to smooth de novo process for nontraditional firms

02/10/20

The agency released two new manual supplements and other materials to help nonbanks and its own staff better understand application procedures.

[more]

FDIC aims to smooth de novo process for nontraditional firms

02/10/20

The agency released two new manual supplements and other materials to help nonbanks and its own staff better understand application procedures.

[more]

Varo gets vital FDIC OK for bank charter

02/10/20

It was Varo's second try with the Federal Deposit Insurance Corp., but it has now moved within a few steps of obtaining what has eluded fintech firms of late: a green light from banking regulators.

[more]

Varo gets vital FDIC OK for bank charter

02/10/20

It was Varo's second try with the Federal Deposit Insurance Corp., but it has now moved within a few steps of obtaining what has eluded fintech firms of late: a green light from banking regulators.

[more]

Why House Democrats are at odds over rate cap bill

02/05/20

An intraparty rift went public Wednesday over legislation that would impose a 36% rate limit on all consumer loans. Critics are concerned it would cut off minority borrowers’ access to small-dollar loans and hurt some community banks.

[more]

FDIC not consistent in assessing impact of rules: Watchdog

02/05/20

The agency agreed to most recommendations made by its inspector general but pushed back on some conclusions.

[more]

The fight over CRA reform just got more complicated

02/04/20

At a recent congressional hearing, OCC chief Joseph Otting showed just how far he might go in allowing reinvestment credits to lenders.

[more]

Leveraged loan risk remains 'elevated,' regulators warn

01/31/20

Nonbanks hold a disproportionate percentage of the worst-rated loans, but banks hold a majority of the market, and risk management safeguards are largely untested, according to an interagency report on shared national credit.

[more]

Regulators propose Volcker Rule changes to allow VC stakes

01/30/20

In another rollback of the bank trading ban, the federal agencies unveiled a plan to allow financial institutions to invest in multiple companies through certain fund structures.

[more]

Fed chief endorses Brainard's critique of CRA plan

01/29/20

Federal Reserve Chair Jerome Powell said he was “comfortable” with a recent speech by Gov. Lael Brainard objecting to significant aspects of the Community Reinvestment Act plan proposed by the OCC and FDIC.

[more]