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In November, the Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the Currency (OCC) and the Federal Reserve Board of Governors (“Board”) jointly issued a final rule that requires a federally regulated bank to notify its primary federal regulator within 36 hours after determining that a computer-security “notification incident” has occurred. [read post]
14 Oct 2011, 12:00 am by Mima Mohammed
The Treasury Department, Federal Reserve, Federal Deposit Insurance Corporation (FDIC), and Securities and Exchange Commission (SEC) released a proposal of the so-called “Volcker Rule” that would limit the investment activities banks can engage in, for example by banning proprietary investments using the bank’s own money. [read post]
8 Jul 2015, 4:06 pm by Sabrina I. Pacifici
“The Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation today announced the availability of the 2015 list of distressed or underserved nonmetropolitan middle-income geographies, where revitalization or stabilization activities will receive Community Reinvestment Act (CRA) consideration as community development. [read post]
15 Jan 2015, 8:41 pm by Sabrina I. Pacifici
“The Federal Reserve Board and the Federal Deposit Insurance Corporation (FDIC) today made available the public portions of resolution plans for firms with generally less than $100 billion in qualifying nonbank assets, as required by the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). [read post]
31 Aug 2024, 10:51 am by Elizabeth A. Patton
Late last year, the Federal Deposit Insurance Corporation (“FDIC”) announced that it had adopted a Final Rule designed “to modernize the rules governing use of the official FDIC signs and advertising statements, and to clarify the FDIC’s regulations regarding false advertising, misrepresentations of deposit insurance coverage, and misuse of the FDIC’s name or logo. [read post]
2 Oct 2017, 2:14 pm by Michael Sugarman
  On September 27, 2017, the Federal Deposit Insurance Corporation, the Federal Reserve Board and the Office of the Comptroller of the Currency announced a proposed rule intended to decrease regulation under these entities’ “regulatory capital rule. [read post]
23 Jan 2017, 2:40 pm by Michael Sugarman
  On January 13, 2017, the Federal Reserve Board, the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation changed, from January 17, 2017 to February 17, 2017, the deadline for comments “for the advance notice of proposed rulemaking on enhanced cyber risk management standards for large and interconnected entities under their supervision and those entities’ service providers. [read post]
4 Nov 2019, 3:08 pm by Alexander Radisich
  On October 29, the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve Board (FRB) adopted a final rule that simplifies capital requirements for community banks. [read post]
28 Sep 2007, 3:03 pm
From the company's website -- On September 28, 2007, NetBank, Alpharetta, GA was closed by the Office of Thrift Supervision and the Federal Deposit Insurance Corporation (FDIC) was named Receiver. [read post]
10 May 2011, 6:00 am by Audrey Distler
The Federal Deposit Insurance Corporation (FDIC) issued a notice of proposed rulemaking last month to establish a clear liquidation process for large financial institutions commonly described as “too big to fail. [read post]
4 Mar 2024, 10:00 pm by Sherica Celine
The Federal Deposit Insurance Corporation (FDIC) recently amended rules governing the use of FDIC signage, advertising statements, and insurance coverage misrepresentation. [read post]
5 Aug 2019, 4:25 pm by Ashley Halvorsen
  The Federal Deposit Insurance Corporation (FDIC) published its annual review of the primary risk factors facing the banking system, focusing on the categories of credit risk and market risk. [read post]
12 Jan 2023, 11:06 am by Evan Schwartz
  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]
12 Jun 2011, 6:53 pm by Jennings Strouss & Salmon
The Federal Reserve Board, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation are seeking comment on proposed supervisory guidance regarding stress-testing practices at banking organizations with total consolidated assets of more than $10 billion. [read post]
11 May 2011, 6:00 am by Michael Niu
Six federal agencies, including the Federal Deposit Insurance Corporation (FDIC), the Securities and Exchange Commission, and the Department of Housing and Urban Development, have jointly proposed a new rule that would require banks to retain at least five percent of the credit risk for assets-backed securities they issue. [read post]
17 Jul 2014, 4:30 pm by Sabrina I. Pacifici
“The Federal Reserve Board, the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) on Wednesday announced the finalization of a technical correction to the definition of “eligible guarantee” in the agencies’ risk-based capital rules. [read post]
15 Oct 2013, 2:12 pm
A dual letter was signed by both and sent to officials with the Federal Deposit Insurance Corporation, the Department of the Treasury,the Consumer Financial Protection Bureau, the Board of Governors of the Federal Reserve, the Office of the Comptroller of the Currency and the National Credit Union Administration. [read post]