FDIC

Agencies urged to pause CRA reform as banks manage pandemic response

05/07/20

The OCC is plowing ahead on plans to modernize the Community Reinvestment Act, but a growing consensus of industry and community voices says now is not the time for a major overhaul.

[more]

Regulators modify liquidity coverage ratio requirements

05/05/20

The agencies issued a rule to better enable banks to participate in two of the Federal Reserve’s lending facilities and “support the flow of credit to households and businesses.”

[more]

Regulators urge banks to monitor security of cloud service providers

05/01/20

The joint statement on the risks of cloud computing summarizes years of guidance and rules as industry reliance on third-party platforms has become more ubiquitous.

[more]

Will coronavirus hasten arrival of fully remote bank exams?

05/01/20

Federal regulators are now conducting nearly all supervision off-site as a result of the pandemic. The temporary measures are stoking a debate about whether they should be permanent.

[more]

Proposed Tennessee de novo gets conditional regulatory approval

05/01/20

Organizers of Rockpoint Bank still need to raise $30 million before opening.

[more]

CRA reform plan is suddenly outdated

05/01/20

Regulators need to revamp their proposal to overhaul the Community Reinvestment Act now that the coronavirus outbreak has created unforeseen financial needs.

[more]

Agencies signal support for more capital relief in midst of crisis

04/30/20

In separate letters to Congress, the Fed asked for legislative action to ease Tier 1 capital minimums while the FDIC said it may use its own authority to address the market strain on banks.

[more]

CRA reform amid coronavirus would fuel discriminatory lending

04/20/20

Minorities are often hit harder financially during a crisis, but if regulators move forward on revamping the Community Reinvestment Act, they’ll only make matters worse.

[more]

FDIC suspends project to modernize agency's signage

04/16/20

The plan first announced in February to update the deposit insurance sign and logo at bank tellers and ATMs became just the latest regulatory effort slowed by the coronavirus pandemic.

[more]

House Dems seek details on FDIC's crisis plans following IG report

04/14/20

The heads of two congressional committees are requesting a briefing from the agency after a watchdog recommended improvements in how it prepares for crises.

[more]