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23 Jul 2021, 6:57 am by Ronald K. Vaske and James Kim
The FDIC has filed its reply in support of its motion for summary judgment in the lawsuit filed by a group of state attorneys general to set aside the FDIC’s “Madden-fix” rule. [read post]
21 Jul 2021, 1:09 pm by Alan S. Kaplinsky
Last week, the OCC, Federal Reserve Board, and FDIC issued proposed guidance for banking organizations on managing risks associated with third-party relationships, including those with financial technology-focused entities such as bank/fintech sponsorship arrangements. [read post]
19 Jul 2021, 12:30 pm by A.J. Dhaliwal and Moorari Shah
On July 13, the Federal Reserve, FDIC, and OCC proposed risk management guidance to help banking organizations manage risks related to third-party relationships, including relationships with vendors, FinTech companies, affiliates, and the banking organizations’ holding companies. [read post]
19 Jul 2021, 12:30 pm by A.J. Dhaliwal and Moorari Shah
On July 13, the Federal Reserve, FDIC, and OCC proposed risk management guidance to help banking organizations manage risks related to third-party relationships, including relationships with vendors, FinTech companies, affiliates, and the banking organizations’ holding companies. [read post]
15 Jul 2021, 1:35 pm by Ronald K. Vaske and Glen P. Trudel
The Federal Reserve, FDIC, and OCC have released proposed guidance for banking organizations on managing risks associated with third-party relationships, including relationships with financial technology-focused entities such as bank/fintech sponsorship arrangements. [read post]
7 Jul 2021, 3:31 pm by Moorari Shah and A.J. Dhaliwal
At the recent FDIC conference, “Fintech: A Bridge to Economic Inclusion,” FDIC Chairman Jelena McWilliams remarked that while the proportion of U.S. households that were banked in 2019 was 94.6 percent, 7 million households still reported no banking relationship. [read post]
29 Jun 2021, 4:06 pm by lennyesq
*** FDIC may be able to assist you in obtaining a lien release if the request is for a customer of a failed bank that was placed into FDIC Receivership. [read post]
23 Jun 2021, 12:51 pm by Ronald K. Vaske
The state attorneys general have filed their opposition to the FDIC’s motion for summary judgment in their lawsuit to set aside the FDIC’s “Madden-fix” rule. [read post]
15 Jun 2021, 11:16 am by Christopher J. Willis
  The Bureau is participating in interagency rulemaking with the Federal Reserve, OCC, FDIC, NCUA and FHFA to develop regulations to implement the amendments made by the Dodd-Frank Act to the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA) concerning appraisals. [read post]
5 Jun 2021, 8:00 am by Geoff Schweller
Whistleblower groups are urging Congress to fix a number of issues with the Act, including the lack of guaranteed reward minimums and a loophole which excludes employees at FDIC-insured institutions from retaliation protections. [read post]
3 Jun 2021, 11:56 am by Christopher J. Willis
  The CFPB alleged that the defendants engaged in deceptive practices by: Falsely representing that consumers’ deposits were held at FDIC-insured institutions and would have a guaranteed rate of return. [read post]
28 May 2021, 6:01 am
, Proxy advisors, Proxy season, Say on pay, Shareholder proposals, Shareholder voting Private Equity and Financial Stability: Evidence from Failed Bank Resolution in the Crisis Posted by Emily Johnston-Ross (FDIC), Song Ma (Yale University), and Manju Puri (Duke University), on Wednesday, May 26, 2021 Tags: Banks, Distressed companies, Failed banks, FDIC, Financial crisis, Financial institutions, Private… [read post]
26 May 2021, 11:25 am by James Kim and Ronald K. Vaske
” Responding to the AGs’ argument that the rule exceeds the FDIC’s authority because the FDIC can only regulate FDIC-insured banks and the rule regulates non-banks, the FDIC argues that the rule regulates the conduct and rights of banks when they sell, assign, or transfer loans. [read post]
26 May 2021, 6:08 am
Posted by Emily Johnston-Ross (FDIC), Song Ma (Yale University), and Manju Puri (Duke University), on Wednesday, May 26, 2021 Editor's Note: Emily Johnston Ross is a Senior Financial Economist at the FDIC Center for Financial Research in the Division of Insurance and Research; Song Ma is Assistant Professor of Finance at Yale School of Management; and Manju Puri is J. [read post]
21 May 2021, 6:35 am by Christopher J. Willis
Tetreault is also a member of the FDIC’s Advisory Committee on Economic Inclusion. [read post]
20 May 2021, 8:54 am by Geoff Schweller
The letter explains that the current protections ““exclude employees at FDIC-insured institutions and credit unions, thereby denying protection to employees of most US banks. [read post]
19 May 2021, 8:13 am by Mindy Harris and James Kim
The FDIC sought input in that RFI on how to address potential misrepresentations by nonbanks about deposit insurance: “The FDIC has not issued specific regulations regarding false representations related to FDIC insurance. [read post]
17 May 2021, 11:34 am by Alan S. Kaplinsky
  Fed Vice Chair Quarles is expected to be questioned about the Fed’s proposed revisions to its Durbin Amendment rule regarding card-not-present transactions and FDIC Chair McWilliams is expected to be questioned about the FDIC’s rule regarding deposit insurance applications from industrial banks or industrial loan companies. [read post]