Search for: "FDIC "
Results 221 - 240
of 4,061
Sort by Relevance
|
Sort by Date
24 Jan 2023, 9:02 pm
Recognizing the growth of online and app-based lending, the FDIC has cautioned that consumers should verify with nonbank financial firms whether deposited funds are FDIC insured, even if nonbank financial firms advertise business partnerships with traditional banks. [read post]
24 Jan 2023, 8:56 am
In a letter sent earlier this month, the Bank Policy Institute, the American Bankers Association and the Independent Community Bankers of America (the “trade groups”) have asked the FDIC for more time to comment on the agency’s proposal, published in the Federal Register on December 21, 2022, to update its existing regulations governing use and misuse of the FDIC’s name, logo and official sign, and adding further detail to rules regarding misrepresentation… [read post]
23 Jan 2023, 5:42 am
Among the various provisions of the D&O insurance policy, one of the most litigated provisions is the Insured vs. [read post]
12 Jan 2023, 11:06 am
Regulatory Exclusion Many policies exclude coverage for losses arising out of proceedings brought by regulatory agencies, such as the Federal Deposit Insurance Corporation (FDIC). [read post]
9 Jan 2023, 4:30 am
" (The FDIC also has a separate external Ombuds program.) [read post]
5 Jan 2023, 6:13 am
Senators Pat Toomey (R-PA) and Elizabeth Warren (D-MA) unveiled the Financial Regulators Transparency Act of 2022, which among other things would have extended the FOIA’s reach to regional Federal Reserve Banks and created special privileges and access rights for congressional requesters seeking records from the Federal Reserve, CFPB, SEC, FDIC, OCC, NCUA, and FHFA.None of the foregoing proposals became law. [read post]
29 Dec 2022, 11:12 am
On December 13, 2022, the FDIC issued a request for comment on a proposal to modernize the regulations governing use of the FDIC’s official signage and advertising of FDIC-insured status by insured depository institutions (IDIs), and to clarify regulations issued ... [read post]
20 Dec 2022, 10:00 pm
The FDIC Board of Directors issued a proposal on December 13 amending and updating the rules regarding the use of the official FDIC sign and advertising statements to better reflect the modern consumer banking landscape. [read post]
20 Dec 2022, 10:00 pm
The FDIC Board of Directors issued a proposal on December 13 amending and updating the rules regarding the use of the official FDIC sign and advertising statements to better reflect the modern consumer banking landscape. [read post]
20 Dec 2022, 10:00 pm
The FDIC Board of Directors issued a proposal on December 13 amending and updating the rules regarding the use of the official FDIC sign and advertising statements to better reflect the modern consumer banking landscape. [read post]
20 Dec 2022, 10:00 pm
The FDIC Board of Directors issued a proposal on December 13 amending and updating the rules regarding the use of the official FDIC sign and advertising statements to better reflect the modern consumer banking landscape. [read post]
20 Dec 2022, 10:00 pm
The FDIC Board of Directors issued a proposal on December 13 amending and updating the rules regarding the use of the official FDIC sign and advertising statements to better reflect the modern consumer banking landscape. [read post]
20 Dec 2022, 10:00 pm
The FDIC Board of Directors issued a proposal on December 13 amending and updating the rules regarding the use of the official FDIC sign and advertising statements to better reflect the modern consumer banking landscape. [read post]
15 Dec 2022, 7:02 am
For one thing, the customers' deposits are FDIC-insured, so the loss is spread broadly through a very slight marginal increase in the premium that banks must pay (which in turn will show up as a tiny decrease in the rate of interest that banks can pay depositors). [read post]
12 Dec 2022, 5:24 am
The data standards provision would apply to Treasury, the SEC, the FDIC, the OCC, the CFPB, the Fed, the National Credit Union Administration, and the Federal Housing Finance Agency. [read post]
8 Dec 2022, 7:29 am
Given that the FDIC’s final rule already requires a company controlling an industrial bank to identify affiliates, consent to examination, report to the FDIC on its operations and activities, cause an independent audit of the industrial bank’s activities, limit its representation on the ILC’s board, and maintain capital and liquidity the FDIC deems appropriate, it is open to debate whether the Act is necessary. [read post]
7 Dec 2022, 8:36 am
Chairman Brown noted that a 2021 FDIC household survey found about 11% of Black and 9% of Hispanic households were unbanked or underbanked, and consumer complaints suggested that minority customers are often viewed as suspicious and treated poorly in financial institutions. [read post]
5 Dec 2022, 1:40 pm
The Bureau claimed that depositors’ funds were invested in volatile securities or securities-backed investments.When not being used to originate loans, deposited funds would be held in an FDIC-insured account or an account insured by Lloyd’s of London, or backed by a “cash alternative” or “cash equivalent. [read post]
2 Dec 2022, 10:32 am
This is akin to bank robbery being a federal crime due to almost all banks being insured by the FDIC. [read post]
29 Nov 2022, 10:08 am
As we also previously blogged, the FDIC’s March 2022 edition of Consumer Compliance Supervisory Highlights addressed fraudulent P2P payments and recommended that banks mitigate risk by: (1) reviewing account agreements and disclosures (including those with P2P payment providers) to ensure they do not attempt to limit consumers’ rights under Regulation E, and (2) implementing effective fraud detection and prevention measures, such as monitoring geographic data, spending… [read post]
